Anadarko Petroleum (NASDAQ:APC) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Anadarko Petroleum (NASDAQ:APC) posted its earnings results on Wednesday. The oil and gas development company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02), FiscalAI reports. The company had revenue of $1.89 billion during the quarter. The company’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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 Price Performance

NASDAQ:APC traded down $0.23 during midday trading on Wednesday, hitting $13.74. 173,070 shares of the stock were exchanged, compared to its average volume of 163,399. Anadarko Petroleum has a one year low of $13.72 and a one year high of $21.72. The company has a market capitalization of $172.71 million and a price-to-earnings ratio of 19.91. The business has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $23.66. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Insiders Place Their Bets

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 stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Anadarko Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Anadarko Petroleum in the second quarter valued at $2,536,000. Citadel Advisors LLC acquired a new position in Anadarko Petroleum during the second quarter worth about $4,579,000. Greenland Capital Management LP acquired a new position in Anadarko Petroleum during the second quarter worth about $264,000. Finally, Readystate Asset Management LP acquired a new position in Anadarko Petroleum during the second quarter worth about $1,696,000.

Wall Street Analysts Forecast Growth

APC has been the subject of a number of analyst reports. Mizuho upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday, October 2nd. Zacks Research raised Anadarko Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Finally, UBS Group cut their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

About Anadarko Petroleum

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.