APA (APA) reported Q1 adjusted earnings late Wednesday of $1.06 per diluted share, up from $0.78 a year earlier.
Analysts polled by FactSet expected $0.84.
Revenue for the quarter ended March 31 was $2.64 billion, up from $1.95 billion a year earlier.
Analysts surveyed by FactSet expected $2.19 billion, if comparable.
The company said it entered into an agreement with Permian Resources (PR) to sell its New Mexico Permian assets for $608 million.
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