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APA: Q1 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — APA Corporation (APA) on Wednesday reported first-quarter earnings of $446 million.

On a per-share basis, the Houston-based company said it had profit of $1.26. Earnings, adjusted for non-recurring costs, came to $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The oil and natural gas producer posted revenue of $2.22 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.11 billion.

APA shares have risen 56% since the beginning of the year, while the S&P’s 500 index has climbed almost 8%. In the final minutes of trading on Wednesday, shares hit $38.28, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APA at https://www.zacks.com/ap/APA

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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