Nucor earnings beat by $0.08, revenue fell short of estimates
APA Corp (NASDAQ:APA) announced the termination of D. Clay Bretches, Executive Vice President of Operations, effective June 4, 2025. This information was disclosed in a recent 8-K filing with the Securities and Exchange Commission. The company, with a market capitalization of $6.7 billion and a P/E ratio of 6.7, has maintained strong financial performance with a healthy dividend yield of 5.6%. APA Corp, headquartered in Houston, Texas, operates within the crude petroleum and natural gas industry. The company’s common stock is traded on the Nasdaq Global Select Market. The departure of Mr. Bretches marks a significant change in the company’s executive team. This report is based on a press release statement from APA Corp.
In other recent news, APA Corporation reported a strong financial performance for the first quarter of 2025, exceeding earnings expectations. The company achieved earnings per share of $1.06, surpassing the forecasted $0.74, and reported revenue of $2.61 billion, which was higher than the anticipated $2.11 billion. Raymond (NSE:RYMD) James maintained its Outperform rating on APA Corporation and raised the stock’s price target from $23.00 to $25.00, reflecting confidence in the company’s financial strategy and operational efficiency. Additionally, APA Corporation has declared a regular cash dividend of 25 cents per share, to be distributed in August 2025. The company also announced the promotion of Aneil Kochar to vice president and treasurer, a move aimed at strengthening its leadership team. APA Corporation is making significant progress with its cost-cutting initiatives, achieving $130 million in savings for 2025, with expectations to reach a $225 million annualized run-rate savings by year-end. The company’s strategic focus on operational efficiency and cost management is further underscored by its decision to reduce its Permian rig count while maintaining production levels.
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