Before the opening bell, the Houston-based oil and gas company reported an adjusted loss of 3 cents per share, narrower than the FactSet consensus for a loss of 13 cents per share.
Revenue of $1.44 billion was higher than Wall Street's projections of $1.38 billion.
Apache's average global production in the quarter was 520,000 barrels of oil equivalent per day. Analysts were looking for an average output of 501,100 barrels of oil equivalent per day, according to FactSet.
The company estimates full-year average North American production between 268,000 and 278,000 barrels of oil equivalent per day.
For 2016, Apache said capital expenditures are on track with its prior outlook of $2 billion.
The stock was lower in pre-market trading today.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally high debt management risk.
You can view the full analysis from the report here: APA