How Is Apache’s Revenue Growth Trending?

Keisha Bandz - Author

Aug. 18 2020, Updated 5:18 a.m. ET

Apache’s revenue trends

Apache’s (APA) 2Q16 revenue fell ~32% YoY (year-over-year). In comparison, its YoY revenue growth was -39% in 2Q15 and -35% in 1Q16.

The above graph shows that APA’s revenue growth year-over-year has been negative in the past nine quarters. Analyst estimates indicate a year-over-year revenue growth of -7% in 3Q16.

Lower realized energy prices (USO) (UNG) have pulled down the revenues of several upstream companies, which in turn, have affected their earnings. APA’s peers Hess (HES) and Apache (APA) reported revenue growths of -37% and -32% YoY, respectively, in 2Q16.

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