Anadarko Petroleum (NASDAQ:APC) Issues Quarterly Earnings Results

Anadarko Petroleum (NASDAQ:APC) released its quarterly earnings data 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 firm had revenue of $1.89 billion during the quarter. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company 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 Up 7.6%

Shares of NASDAQ:APC traded up $1.04 during trading on Thursday, hitting $14.78. The stock had a trading volume of 15,797 shares, compared to its average volume of 162,517. Anadarko Petroleum has a 12 month low of $13.72 and a 12 month high of $21.72. The company has a market capitalization of $185.78 million and a PE ratio of 21.42. The firm’s fifty day moving average is $16.78 and its 200 day moving average is $23.66. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09.

Insider Buying and Selling at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $16.40, for a total value of $2,043,440.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Anadarko Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in shares of Anadarko Petroleum in the second quarter worth $4,579,000. State Street Corp purchased a new stake in Anadarko Petroleum during the 2nd quarter valued at about $2,536,000. Readystate Asset Management LP purchased a new stake in Anadarko Petroleum during the 2nd quarter valued at about $1,696,000. Finally, Greenland Capital Management LP bought a new stake in Anadarko Petroleum during the 2nd quarter valued at about $264,000.

Wall Street Analyst Weigh In

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