Citable filing context
APA's research view summarizes recent SEC filing context, starting with earnings from Aug 5, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 5, 2026 | earnings | APA Corporation reported second-quarter 2026 net income of $747 million, or $2.11 per diluted share. |
| Jul 8, 2026 | guidance_update | APA Corporation provided supplemental Q2 2026 operational and financial estimates, including natural gas curtailments of 137 MMcf/d. |
| May 26, 2026 | management_change | APA Corp shareholders elected the board of directors and approved a compensation plan amendment on May 21, 2026. |
| Aug 5, 2026 | Guidance: lease_operating_expenses | not reported to 1500.00 |
| Aug 5, 2026 | Guidance: run_rate_cost_savings | not reported to 500.00 |
| Aug 5, 2026 | Guidance: upstream_capital_investment | not reported to 2070.00 |
| Aug 6, 2026 | mda_quarterly | APA Corporation reported net income of $747 million for the second quarter of 2026, up from $603 million in the prior-year period, driven by stronger crude oil price realizations and cost-reduction initiatives. The company’s worldwide oil production decreased to 211.3 Mb/d, reflecting non-core asset sales, natural decline, and operational downtime in the North Sea, partially offset by Permian Basin drilling. Natural gas revenues fell significantly due to extreme negative price basis differentials in the Permian Basin, prompting the company to curtail production at Alpine High to avoid uneconomic sales. Management remains focused on financial discipline, targeting $500 million in annualized cost savings by year-end 2026. The company maintains a capital return framework, aiming to distribute 60% of free cash flow via dividends and share repurchases, while continuing to deleverage. APA reported $3.7 billion in total debt as of June 30, 2026, following active debt redemptions. Capital expenditure for 2026 is budgeted at $2.1 billion, with operations concentrated in the U.S. Permian Basin and Egypt. Key risks include commodity price volatility, geopolitical instability in the Middle East, and ongoing decommissioning liabilities related to legacy Gulf of Mexico assets, for which the company maintains significant contingent liabilities. |
| May 7, 2026 | mda_quarterly | APA reported first-quarter 2026 net income of $446 million, up from $347 million in the prior-year period, driven by improved margins on third-party purchased hydrocarbons and cost-reduction initiatives. Operating cash flow declined 49% to $554 million, primarily due to the timing of Egypt receivable collections. Production results were mixed: U.S. output decreased 11%, while Egypt saw a net increase of 8%, supported by a strategic shift toward gas-focused drilling. North Sea production fell 14%. While average realized oil prices rose 7%, natural gas and NGL prices declined 25% and 27%, respectively, with extreme Waha basis differentials causing negative pricing in the Permian Basin. APA expects an additional $100 million in annualized savings by the end of 2026 and has budgeted $2.1 billion for upstream capital investments. The company continues its capital return framework, targeting 60% of free cash flow for dividends and share repurchases. Financial risks include geopolitical instability in the Middle East and Russia, alongside a $878 million contingent liability for Legacy GOA decommissioning. As of March 31, 2026, APA held $4.4 billion in total debt and $3.98 billion in available committed borrowing capacity. |
Source: SEC EDGAR filing text and events; period Aug 5, 2026; filed Aug 5, 2026.
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