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Apache's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: APA

Apache (APA)

Q4 2011 Earnings Call

February 16, 2012 2:00 pm ET

Executives

Patrick Cassidy -

G. Steven Farris - Chairman of the Board, Chief Executive Officer and Member of Executive Committee

Rodney J. Eichler - President and Chief Operating Officer

Thomas P. Chambers - Chief Financial Officer, Executive Vice President and Member of Risk Management Committee

Roger B. Plank - President, Chief Corporate Officer and Member of Risk Management Committee

Analysts

Brian Singer - Goldman Sachs Group Inc., Research Division

Pearce W. Hammond - Simmons & Company International, Research Division

John P. Herrlin - Societe Generale Cross Asset Research

Bob Brackett - Sanford C. Bernstein & Co., LLC., Research Division

Leo P. Mariani - RBC Capital Markets, LLC, Research Division

John Malone - Global Hunter Securities, LLC, Research Division

Craig Shere - Tuohy Brothers Investment Research, Inc.

Presentation

Operator

Good afternoon. My name is Kendra, and I will be your conference operator today. At this time, I would like to welcome everyone to the 2011 Q4 and Year-End Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to your host, Mr. Patrick Cassidy. Sir, you may begin your conference.

Patrick Cassidy

Thank you, Kendra. Good afternoon, everyone, and thank you for joining us for Apache Corp.'s full year and fourth quarter 2011 earnings conference call. This morning, we reported earnings of $4.5 billion or $11.47 per diluted share. Adjusted earnings, which excluded certain items that impacted comparability of results, totaled $4.7 billion or $11.83 per diluted share. Cash flow from operations totaled $10 billion.

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