Houston, TX-based Apache Corp. APA is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Approximately 72% of the company’s proved reserves and 60% of its production comes from North America, where its operations are focused in the Permian Basin, the Anadarko basin in western Oklahoma and the Texas Panhandle, Gulf Coast and the offshore Gulf of Mexico areas of the U.S., and in Western Canada. Internationally, Apache has core operations in Egypt and offshore U.K.Currently, Apache has a Zacks Rank #3 (Hold) but that could change following its first quarter 2016 earnings report which has just released. Coming to earnings surprise history, the company has an excellent track record: its beaten estimates in each of the last four quarters at an average rate of 96.09%.We have highlighted some of the key details from the just-released announcement below:Earnings: Apache reports loss. Loss per share – excluding one-time items – came in at 40 cents, narrower than the Zacks Consensus Estimate for a loss of 91 cents.Revenue: Revenues miss expectations. Revenues of $1,052 million were below the Zacks Consensus Estimate of $1,081.2 million.Key Stats: The production of oil and natural gas (excluding divested assets and non-controlling interests) averaged 478,659 oil-equivalent barrels per day (BOE/d) (65% liquids), essentially unchanged from last year. Apache’s production for oil and natural gas liquids (NGLs) was 311,576 barrels per day (Bbl/d), while natural gas output came in at 1,002.5 million cubic feet per day (MMcf/d).The average realized crude oil price during the first quarter was $31.51 per barrel, representing a decrease of 34% from the year-ago realization of $47.87. Moreover, the average realized natural gas price during the March quarter of 2016 was $2.15 per thousand cubic feet (Mcf), down 27% from the year-ago period.Check back later for our full write up on this Apache earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APACHE CORP (APA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research