Oil and gas producer APA Corporation (NASDAQ:APA) will be reporting results this Wednesday afternoon. Here’s what investors should know.

APA Corporation beat analysts’ revenue expectations last quarter, reporting revenues of $2.52 billion, up 9.9% year on year. It was a strong quarter for the company, with a narrow beat of analysts’ EPS estimates. Its oil production per day was flat year on year.

Is APA Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting APA Corporation’s revenue to grow 31.9% year on year, a reversal from the 18.4% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. APA Corporation has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at APA Corporation’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q3 results, giving us a hint as to what we can expect. California Resources’s revenues decreased 52.2% year on year, missing analysts’ expectations by 56.5%, and Weatherford reported a revenue decline of 7.2%, topping estimates by 0.8%. Weatherford traded up 7.8% following the results.

Read our full analysis of California Resources’s results here and Weatherford’s results here.

Investors in the mixed or offshore upstream e&p segment have had steady hands going into earnings, with share prices flat over the last month. APA Corporation is up 11.9% during the same time and is heading into earnings with an average analyst price target of $49 (compared to the current share price of $49.06).

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