APA · 10-Q · 2026Q2 · Full report
Capital Return Program
APA Corp · 2026-08-06 · Importance 37 · Surprise 6 · In source text
APA 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 quarter and first six months at an average price of $35.26 per share, leaving authorization for up to 19.0 million shares at June 30, 2026. APA repurchased an additional 0.3 million shares at an average price of $35.61 per share in July 2026, reducing remaining authorization to 18.7 million shares as of July 31. The company’s capital-return framework targets returning 60% of annual free cash flow through dividends and share repurchases, and the quarterly dividend is $0.25 per share.
Key facts
- As of June 30, 2026, the Company had remaining authorization to repurchase 19.0 million shares. source
- The Company believes returning 60 percent of free cash flow annually through dividends and share repurchases is the targeted capital return framework. source
- Common dividends declared: $0.25 per share for the quarter and $0.50 per share for the six months (as disclosed in the statement of changes). source
- The Company paid $177 million in dividends to APA common stockholders during the first six months of 2026 and repurchased approximately $100 million of Company common stock during the first six months of 2026. source
- Treasury stock shares outstanding (at cost) as of June 30, 2026: 141,910,293 shares (139,073,481 shares as of December 31, 2025) with carrying amounts $(6,421) million and $(6,320) million, respectively. source
- Subsequent to the quarter ended June 30, 2026 through July 31, 2026, the Company repurchased 0.3 million shares and as of July 31, 2026 had remaining authorization to repurchase up to 18.7 million shares. source
- In the first six months of 2026, the Company repurchased 2.8 million shares at an average price of $35.26 per share for an aggregate purchase price of approximately $100 million. source
- Beginning in Q4 2021 through the end of Q2 2026, the Company has repurchased 101.0 million shares of common stock. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | As of June 30, 2026, the Company had remaining authorization to repurchase 19.0 million shares. |
| cash | negative | contingent | — | The Company believes returning 60 percent of free cash flow annually through dividends and share repurchases is the targeted capital… |