APA · 10-Q · 2026Q3

APA Corp

Filed 2026-11-05 · Energy · View original filing on EDGAR

Everything APA's SEC filings said, ranked

Ranked Events

• Liquidity and Debt PositionImportance 76 · Surprise 56
  At September 30, 2026, APA reported $3.295 billion of total debt, down from $4.493 billion at December 31, 2025, and cash and cash equivalents of $75 million. The company repaid $1.2 billion of debt in cash during the…
• Net Income and ProfitabilityImportance 69 · Surprise 64
  Third-quarter 2026 net income attributable to common stock was $698 million, or $2.00 per diluted share, compared with $205 million, or $0.57 per diluted share, in third-quarter 2025. First-nine-month net income was…
• Revenue Performance and MixImportance 64 · Surprise 56
  Third-quarter 2026 oil, natural gas, and NGL production revenues were $2.36 billion, up from $1.804 billion in third-quarter 2025; oil revenues rose $464 million to $1.9 billion, primarily because realized oil prices…
• Capital Expenditure ProgramImportance 60 · Surprise 24
  APA anticipated approximately $2.1 billion of upstream capital investment for calendar 2026. It incurred $1.9 billion of oil and gas exploration, development, and property acquisition costs in the first nine months,…
• Operating Expense TrendsImportance 54 · Surprise 40
  Total operating expenses were $4.119 billion in the first nine months of 2026, down from $4.940 billion in the comparable 2025 period, primarily reflecting a $783 million reduction in purchased oil and gas costs and a…
• Upstream Production VolumeImportance 53 · Surprise 48
  Third-quarter 2026 worldwide production declined 3% year over year to 450,276 boe/d, while U.S. production grew 5% to 294,268 boe/d, supported by increased Permian Basin drilling efficiency and lower Alpine High…
• Sinopec DistributionsImportance 52 · Surprise 56
  Sinopec holds a one-third minority participation interest in APA’s oil and gas operations in Egypt. APA paid Sinopec $257 million in cash distributions during the first nine months of 2026, down from $390 million in…
• Cost Reduction InitiativesImportance 52 · Surprise 42
  APA set a target of reaching $500 million in annualized cost savings by the end of 2026, with efforts covering overhead, drilling and completion capital costs, facilities, and day-to-day field operations. Management…
• Gulf of America DecommissioningImportance 46 · Surprise 42
  Apache sold its Gulf of America Shelf operations in 2013, and Fieldwood Energy LLC assumed responsibility for decommissioning the properties, known as the Legacy GOA Assets. After GOM Shelf notified the Bureau of…
• Income Tax Rate ChangesImportance 45 · Surprise 50
  The U.K.’s Finance Act 2025, enacted on March 20, 2025, increased the Energy (Oil and Gas) Profits Levy rate from 35% to 38%, effective November 1, 2024 through March 31, 2030. The U.S. enacted the One Big Beautiful…
• Capital Return ProgramImportance 44 · Surprise 24
  APA paid $264 million in dividends to common stockholders and repurchased approximately $550 million of common stock during the first nine months of 2026. The company repurchased 13.4 million shares at an average…
• Regulatory Approval MilestonesImportance 40 · Surprise 42
  On May 11, 2026, APA received a draft Administrative Penalty Assessment from the U.S. Environmental Protection Agency following a December 12, 2025 Notice of Violation alleging Clean Air Act violations. The allegations…
• Operational Efficiency and Cost ReductionImportance 36 · Surprise 40
  APA attributed lower exploration and development activity in the first nine months of 2026 largely to efficiency gains on drilling and completion activities in the Permian Basin and Egypt. The company operated an…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  APA expected to close its acquisition of Savant Alaska, LLC in the fourth quarter of 2026 for approximately $70 million in upfront consideration plus contingent payments tied to future development. The transaction is…
• Australian Operations Divestiture DisputeImportance 20 · Surprise 24
  APA and its subsidiaries sold Australian operations to Quadrant under an April 9, 2015 sale agreement, with closing on June 5, 2015; APA sued Quadrant in April 2017 for breach and seeks approximately AUD $[amount not…
• Macroeconomic Factors ImpactImportance 20 · Surprise 24
  APA says operating cash flows are exposed to highly volatile commodity prices and expects near-term volatility from geopolitical instability, including Middle East tensions, macroeconomic uncertainty, tariffs and trade…
• Litigation and Legal RiskImportance 10 · Surprise 6
  On September 10, 2020, Delaware sued APA and other oil and gas companies, alleging damages from global warming under various tort theories. Plaintiffs seek unspecified damages and abatement, and APA is defending the…

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