APA · Energy
APA Corp
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-07
- Guidance / OutlookImportance 75 · Surprise 60APA raised its full-year U.S. oil production outlook and expects to exit 2026 with $500 million in annualized run-rate savings. Management reportedly expects to meet its $3 billion net debt target in 2027. The company…
- Liquidity and Debt PositionImportance 58 · Surprise 42APA reduced debt by $752 million during the reported period. Management remains committed to reaching a $3 billion net debt target in 2027. The company linked debt reduction to strong free cash flow generation and…
10-Q · 2026-08-06
- Headcount / RestructuringImportance 78 · Surprise 58APA raised its expected annualized cost-savings target to $500 million by the end of 2026, an increase of $50 million from prior guidance. The savings program targets overhead costs, drilling, completion and facility…
- Liquidity and Debt PositionImportance 74 · Surprise 58APA and Apache had $3.7 billion of total debt outstanding at June 30, 2026, down from $4.5 billion at December 31, 2025, a reduction of approximately $750 million. Cash and cash equivalents totaled $444 million at June…
- Gulf of America DecommissioningImportance 70 · Surprise 68APA recorded an $847 million contingent liability at June 30, 2026 for estimated decommissioning costs on Legacy Gulf of America Assets that it may be required to perform after Fieldwood’s inability to fund the…
- Operating Expense TrendsImportance 64 · Surprise 56Total operating expenses declined to $1.1 billion in the second quarter of 2026 from $1.6 billion and to $2.5 billion in the first six months from $3.4 billion. Purchased oil and gas costs decreased $426 million in the…
- Capital Expenditure ProgramImportance 56 · Surprise 24APA expects to invest approximately $2.1 billion in upstream capital investment during 2026. For the remainder of 2026, the company plans to fund activity needed to offset inherent declines in production and proved oil…
- Revenue Performance and MixImportance 54 · Surprise 40Second-quarter 2026 oil and gas production revenues increased to $2.0 billion from $1.7 billion, driven by a 50% increase in realized oil prices to $98.24 per barrel, partially offset by 10% lower oil sales volumes.…
- Acquisition / Partnership / DivestitureImportance 53 · Surprise 60APA agreed in the second quarter of 2026 to acquire Savant Alaska, LLC for approximately $70 million of upfront consideration plus contingent future-development payments. The transaction is expected to close by…
- Net Income and ProfitabilityImportance 52 · Surprise 30Second-quarter 2026 net income attributable to common stock was approximately $1.2 billion, compared with approximately $0.9 billion in the second quarter of 2025, while diluted EPS increased 26% to $2.11 from $1.67.…
- Geographic Market CommentaryImportance 48 · Surprise 40The U.S. remained APA’s largest operating area, contributing 64% of worldwide production in the second quarter, although output declined because of asset sales, natural decline, and gas-market curtailments. Egypt gross…
- Sinopec DistributionsImportance 47 · Surprise 48Sinopec International Petroleum Exploration and Production Corporation holds a one-third minority participation interest in APA’s oil and gas operations in Egypt. APA paid Sinopec $164 million in cash distributions…
- Upstream Production VolumeImportance 42 · Surprise 40Worldwide production declined 12% to 409,959 boe per day in the second quarter of 2026, with oil production down 10% to 211,270 barrels per day and natural gas production down 16% to 752.1 MMcf per day. U.S. production…
- Income Tax Rate ChangesImportance 42 · Surprise 50The United Kingdom’s Finance Act 2025 increased the Energy (Oil and Gas) Profits Levy from 35% to 38%, effective for the period from November 1, 2024, through March 31, 2030. The U.S. One Big Beautiful Bill Act of 2025…
- Australian Operations Divestiture DisputeImportance 37 · Surprise 42APA is litigating with Santos Ltd., the successor to Quadrant Energy Pty Ltd., over the 2015 divestiture of APA’s Australian operations under the Quadrant Sale and Purchase Agreement. APA filed suit in April 2017…
- Capital Return ProgramImportance 37 · Surprise 6APA paid $177 million in dividends to common stockholders and repurchased approximately $100 million of common stock during the first six months of 2026. The company repurchased 2.8 million shares during the second…
- Oil and Gas Price SensitivityImportance 29 · Surprise 24APA remains exposed to fluctuations in crude oil and natural gas prices on the majority of its worldwide production, as well as foreign-exchange movements on transactions denominated in foreign currencies. As of June…
- Supply Chain ConstraintsImportance 29 · Surprise 24APA holds approximately 750,000 MMBtu per day of firm pipeline capacity in the Permian Basin. Extreme Waha basis differentials, including periods of negative pricing, constrained gas markets and led APA to increase…
- Exploration and Development PipelineImportance 26 · Surprise 24APA averaged five drilling rigs in the Permian Basin during the second quarter and brought 47 operated wells online, maintaining the core Permian development program as a key U.S. asset priority. In Egypt, APA averaged…
- Macroeconomic Factors ImpactImportance 17 · Surprise 24APA expects commodity prices to remain volatile in the near term because of geopolitical instability involving the Middle East, Russia, and Ukraine, macroeconomic uncertainty, tariffs and trade barriers, supply-chain…
News · 2026-08-06
- Guidance / OutlookImportance 75 · Surprise 60APA raised its full-year U.S. oil production outlook and expects to exit 2026 with $500 million in annualized run-rate savings. Management reportedly expects to meet its $3 billion net debt target in 2027. The company…
- Liquidity and Debt PositionImportance 58 · Surprise 42APA reduced debt by $752 million during the reported period. Management remains committed to reaching a $3 billion net debt target in 2027. The company linked debt reduction to strong free cash flow generation and…
- Net Income and ProfitabilityImportance 53 · Surprise 48APA reported second-quarter 2026 net income of $747 million, or $2.11 per diluted share, while adjusted EPS was $1.89. Net income increased 24% year over year, supported by higher realized crude prices and operational…
- Capital Expenditure GuidanceImportance 47 · Surprise 60APA exceeded production guidance with lower capital investment in second-quarter 2026. Management emphasized capital efficiency in the Permian while raising its full-year U.S. oil production outlook. The digest reports…
- Acquisition / Partnership / DivestitureImportance 47 · Surprise 60APA completed the acquisition of Savant’s Alaska acreage during the second quarter of 2026. The transaction expands APA’s Alaska exploration position and forms part of its broader strategy to develop future production…
- Capital Return ProgramImportance 40 · Surprise 42APA reaffirmed a commitment to return at least 60% of free cash flow to shareholders annually. The capital-return framework is being pursued alongside the company’s $3 billion net debt objective for 2027. The digest…
- Suriname Development OutlookImportance 38 · Surprise 24APA’s GranMorgu development in Suriname remains on schedule for first oil in mid-2028. The project is presented as a principal source of future production growth and sustained free cash flow. Its timing makes Suriname…
- Upstream Production VolumeImportance 36 · Surprise 40APA’s oil production was flat year over year in the second quarter, while overall production declined 12% year to date. The company nevertheless exceeded production guidance and brought 47 Permian wells online. APA…
- Exploration and Development PipelineImportance 31 · Surprise 42APA is advancing exploration programs in Alaska and Uruguay as potential sources of longer-term production growth. In Uruguay’s offshore block OFF-6, the company plans a substantially deeper exploration well toward the…
- Uruguay Exploration PartnershipImportance 31 · Surprise 42APA is planning a deeper offshore exploration well in Uruguay’s block OFF-6 for late 2027. The well will target objectives much deeper than the Raya X1 well, which APA believes did not reach the source rock. Eni is…
- Geographic Market CommentaryImportance 26 · Surprise 24APA is expanding or progressing operations across multiple international regions, including Egypt, Uruguay, Suriname and Alaska. Suriname’s GranMorgu project is positioned as a future production growth driver, with…
8-K · 2026-08-05
- Liquidity and Debt PositionImportance 89 · Surprise 82APA generated $1.706 billion of operating cash flow in the second quarter, up 44% year over year, and generated $1.215 billion of free cash flow in the first half versus $260 million in the prior-year period. The…
- Cost Reduction InitiativesImportance 78 · Surprise 58APA increased its expected 2026 exit run-rate cost savings to approximately $500 million from the prior $450 million target. The $50 million target increase reflects field-level operating efficiencies, well cost…
- Operating Cost ReductionImportance 78 · Surprise 58APA increased its expected 2026 exit run-rate cost savings to approximately $500 million from its prior $450 million target. The additional $50 million reflects field-level operating efficiencies, well-cost reductions…
- Guidance / OutlookImportance 75 · Surprise 60APA raised its full-year 2026 U.S. oil production outlook to 123,000 barrels per day while maintaining U.S. capital spending at $1.3 billion. Total 2026 upstream capital investment is expected to be $2.07 billion,…
- Capital Expenditure GuidanceImportance 70 · Surprise 40Second-quarter upstream capital investment was $546 million, down 16% from $648 million in the prior-year quarter. Six-month upstream capital investment was $1.110 billion, down 18% from $1.358 billion. APA maintained…
- Operational Efficiency and Cost ReductionImportance 68 · Surprise 58APA reported continued field-level operating efficiencies, well cost reductions and corporate streamlining across its portfolio. The company increased its expected 2026 exit run-rate cost savings to approximately $500…
- Interest Rate and Refinancing ExposureImportance 64 · Surprise 42APA repaid $752 million of near-term bond debt during the first half of 2026, including $673 million in the second quarter. Total debt has declined by $2.3 billion since year-end 2024, reducing annualized interest…
- Egypt Gas DevelopmentImportance 62 · Surprise 58Egypt adjusted production averaged 61,000 BOE per day in the second quarter and was in line with guidance. Gross Egypt production averaged 207,000 BOE per day, including 539 MMCF per day of gross gas production. Nearly…
- Net Income and ProfitabilityImportance 59 · Surprise 48Second-quarter net income attributable to common stock increased 24% year over year to $747 million, or $2.11 per diluted share, from $603 million, or $1.67 per diluted share. Adjusted earnings increased to $669…
- Acquisition / Partnership / DivestitureImportance 59 · Surprise 60APA agreed to acquire Savant Alaska, LLC for $70 million of upfront consideration before customary closing adjustments, plus contingent payments tied to future development. The acquisition would add midstream, pipeline…
- Operating Expense TrendsImportance 54 · Surprise 40Lease operating expense decreased 4% year over year to $353 million in the second quarter and six-month expense decreased 8% to $715 million. Gathering, processing and transmission expense declined 16% to $87 million,…
- Regulatory Approval MilestonesImportance 52 · Surprise 42APA’s pending $70 million Savant Alaska acquisition remains subject to regulatory approval and customary closing conditions. The company expects the transaction to close by year-end 2026. Approval is material because…
- Income Tax Rate ChangesImportance 48 · Surprise 30Second-quarter current income tax expense was $234 million, essentially unchanged from $232 million despite a 24% increase in net income before taxes to $1.277 billion. Deferred income tax expense increased 65% to $216…
- Revenue Performance and MixImportance 43 · Surprise 32Second-quarter total revenue and other income declined 8% year over year to $2.399 billion from $2.612 billion. Oil revenues increased 32% to $1.826 billion, supported by a 50% increase in the average oil price to…
- Capital Return ProgramImportance 38 · Surprise 24APA returned $189 million to shareholders during the second quarter through dividends and share repurchases. The company repurchased 2.8 million shares at an average price of $35.26 per share, with $100 million of…
- Upstream Production VolumeImportance 32 · Surprise 24Second-quarter reported production was 410,000 BOE per day, while adjusted production excluding Egypt noncontrolling interest and tax barrels was 347,000 BOE per day and exceeded guidance. U.S. oil production averaged…
News · 2026-08-05
- Guidance / OutlookImportance 75 · Surprise 60APA raised its full-year U.S. oil production outlook and expects to exit 2026 with $500 million in annualized run-rate savings. Management reportedly expects to meet its $3 billion net debt target in 2027. The company…
- Liquidity and Debt PositionImportance 58 · Surprise 42APA reduced debt by $752 million during the reported period. Management remains committed to reaching a $3 billion net debt target in 2027. The company linked debt reduction to strong free cash flow generation and…
- Net Income and ProfitabilityImportance 53 · Surprise 48APA reported second-quarter 2026 net income of $747 million, or $2.11 per diluted share, while adjusted EPS was $1.89. Net income increased 24% year over year, supported by higher realized crude prices and operational…
- Oil and Gas Price SensitivityImportance 32 · Surprise 24Third-party reporting attributed APA’s earnings resilience to elevated crude prices, which offset lower oil and gas output. Weak natural-gas prices in the Permian Basin remain a pressure point for the company’s…
- Exploration and Development PipelineImportance 31 · Surprise 42APA is advancing exploration programs in Alaska and Uruguay as potential sources of longer-term production growth. In Uruguay’s offshore block OFF-6, the company plans a substantially deeper exploration well toward the…
- Geographic Market CommentaryImportance 26 · Surprise 24APA is expanding or progressing operations across multiple international regions, including Egypt, Uruguay, Suriname and Alaska. Suriname’s GranMorgu project is positioned as a future production growth driver, with…
News · 2026-08-04
- Guidance / OutlookImportance 75 · Surprise 60APA raised its full-year U.S. oil production outlook and expects to exit 2026 with $500 million in annualized run-rate savings. Management reportedly expects to meet its $3 billion net debt target in 2027. The company…
- Net Income and ProfitabilityImportance 53 · Surprise 48APA reported second-quarter 2026 net income of $747 million, or $2.11 per diluted share, while adjusted EPS was $1.89. Net income increased 24% year over year, supported by higher realized crude prices and operational…
- Oil and Gas Price SensitivityImportance 32 · Surprise 24Third-party reporting attributed APA’s earnings resilience to elevated crude prices, which offset lower oil and gas output. Weak natural-gas prices in the Permian Basin remain a pressure point for the company’s…
- Geographic Market CommentaryImportance 26 · Surprise 24APA is expanding or progressing operations across multiple international regions, including Egypt, Uruguay, Suriname and Alaska. Suriname’s GranMorgu project is positioned as a future production growth driver, with…