Anadarko Petroleum Corp. APC just released its first quarter fiscal 2016 earnings results, posting an earnings loss of $-1.12 per share and revenue of $1.7 billion. Currently, APC has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Anadarko: 1. Beat earnings estimates. The company posted earnings of $-1.12 per share, topping our Zacks Consensus Estimate of a loss of $-1.19 per share (this number excludes $0.91 from non-recurring items). 2. Missed revenue estimates. The company saw revenue figures of $1.7 billion, lagging behind our consensus estimate of $1.815 billion and reflecting a -26.7% year-over-year change. 3. Improved cost structure by $800 million by reducing the dividend and staffing, as well as successfully drilled the company’s first horizontal deep water well offshore Côte d’Ivoire. 4. Reported first-quarter sales volumes of natural gas, oil and natural gas liquids (NGLs) of 75 million BOE, or an average of 823,000 BOE per day, on a divestiture-adjusted basis. 5. APC was down $0.81, or 1.54%, to $51.50 as of 4:24 PM ET in after-hours trading shortly after its earnings report was released. Here’s a graph that looks at Anadarko’s Street EPS and Surprise Percent:Anadarko Petroleum Corporation (APC) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company's production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas. Check back later for our full analysis onAnadarko’s first quarter earnings 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 >>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 ANADARKO PETROL (APC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research