Anadarko Petroleum (NASDAQ:APC) Posts Earnings Results, Misses Estimates By $0.02 EPS

Anadarko Petroleum (NASDAQ:APC – Get Free Report) announced its earnings results on Wednesday. The oil and gas development company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02), FiscalAI reports. The firm had revenue of $1.89 billion during the quarter. Anadarko Petroleum had a net margin of 0.65% and a return on equity of 23.25%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS.

Here are the key takeaways from Anadarko Petroleum’s conference call:

  • Third-quarter earnings and cash flow increased: Adjusted EBITDA rose 9.4% to $41 million, while discretionary cash flow grew 22% to $32.3 million year over year.
  • 2026 Adjusted EBITDA guidance was raised to $156 million–$157 million, reflecting year-to-date performance and the expected fourth-quarter closing of the USPP acquisition.
  • ARKO expects USPP to add about $30 million in annualized Adjusted EBITDA and 280 million gallons of annual volume, along with terminals and a transportation fleet; the transaction is not yet closed.
  • Elevated fuel prices weighed on demand: wholesale gallons fell 4.3%, and Fleet Fueling volumes also declined slightly. Higher fuel margins more than offset the volume weakness in both segments.

Anadarko Petroleum Stock Down 0.1%

Shares of NASDAQ:APC traded down $0.02 during midday trading on Friday, reaching $14.75. The company had a trading volume of 101,001 shares, compared to its average volume of 163,322. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The stock’s fifty day moving average price is $16.70 and its 200-day moving average price is $23.37. The stock has a market capitalization of $185.41 million and a P/E ratio of 15.21. Anadarko Petroleum has a one year low of $13.72 and a one year high of $21.72.

Insider Transactions at Anadarko Petroleum

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Anadarko Petroleum

Institutional investors have recently modified their holdings of the stock. Greenland Capital Management LP acquired a new stake in Anadarko Petroleum during the second quarter valued at approximately $264,000. Readystate Asset Management LP acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at approximately $1,696,000. State Street Corp acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at approximately $2,536,000. Finally, Citadel Advisors LLC bought a new position in Anadarko Petroleum during the second quarter worth $4,579,000.

Analyst Ratings Changes

A number of brokerages have commented on APC. Zacks Research lowered shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Wednesday. Mizuho upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, October 2nd. Weiss Ratings raised Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, UBS Group cut their price target on Anadarko Petroleum from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Anadarko Petroleum presently has an average rating of “Moderate Buy” and an average price target of $21.40.

Read Our Latest Stock Analysis on APC

About Anadarko Petroleum

(Get Free Report)

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.

Further Reading

Earnings History for Anadarko Petroleum (NASDAQ:APC)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.