APA · 8-K · 20261007PR000058

Oil and Gas Price Sensitivity

APA Corp · 2026-10-07 · Importance 32 · Surprise 24

APA estimated third-quarter 2026 realized oil prices of $87.50 per barrel in the United States and $98.50 per barrel internationally. Estimated natural gas prices were $1.45 per Mcf in the United States and $5.00 per Mcf internationally; NGL prices were $26.00 and $155.00 per barrel, respectively. APA estimated a $190 million pretax net gain on oil and gas purchases and sales, including an $8 million realized gain from commodity derivatives.

Key facts

• APA estimated a $190 million before-tax net gain on oil and gas purchases and sales for Q3 2026. source
• The estimated $190 million before-tax net gain on APA's oil and gas purchases and sales included an $8 million realized gain from commodity derivatives. source
• APA's estimated U.S. realized oil price for Q3 2026 was $87.50 per barrel. source
• APA's estimated U.S. realized NGL price for Q3 2026 was $26.00 per barrel. source
• APA's estimated U.S. realized natural gas price for Q3 2026 was $1.45 per Mcf. source
• APA's estimated international realized oil price for Q3 2026 was $98.50 per barrel. source
• APA's estimated international realized NGL price for Q3 2026 was $155.00 per barrel; the increase compared to prior quarters primarily reflected low volumes and the timing of revenue recognition. source
• APA's estimated international realized natural gas price for Q3 2026 was $5.00 per Mcf. source