Earnings summaries and quarterly performance for APA.
Executive leadership at APA.
John J. Christmann IV
Chief Executive Officer
Ben C. Rodgers
Executive Vice President and Chief Financial Officer
Kimberly O. Warnica
Executive Vice President and Chief Legal Officer
Mark D. Maddox
Executive Vice President, Administration
Robert P. Rayphole
Vice President, Chief Accounting Officer and Controller
Stephen J. Riney
President
Tracey K. Henderson
Executive Vice President, Exploration
Board of directors at APA.
Annell R. Bay
Director
Anya Weaving
Director
Chansoo Joung
Director
Charles W. Hooper
Director
David L. Stover
Director
H. Lamar McKay
Non-Executive Chair of the Board
Juliet S. Ellis
Director
Kenneth M. Fisher
Director
Matthew R. Bob
Director
Peter A. Ragauss
Director
Research analysts who have asked questions during APA earnings calls.
John Freeman
Raymond James Financial
3 questions for APA
Leo Mariani
ROTH MKM
3 questions for APA
Paul Cheng
Scotiabank
3 questions for APA
Arun Jayaram
JPMorgan Chase & Co.
2 questions for APA
Betty Jiang
Barclays
2 questions for APA
Charles Meade
Johnson Rice & Company L.L.C.
2 questions for APA
David Deckelbaum
TD Cowen
2 questions for APA
Douglas George Blyth Leggate
Wolfe Research
2 questions for APA
Wei Jiang
Barclays
2 questions for APA
Bertrand Donnes
Truist Securities
1 question for APA
Bob Brackett
Bernstein Research
1 question for APA
Douglas Leggate
Wolfe Research
1 question for APA
Doug Leggate
Wolfe Research
1 question for APA
Jeoffrey Lambujon
TPH & Co.
1 question for APA
Michael Scialla
Stephens Inc.
1 question for APA
Neal Dingmann
Truist Securities
1 question for APA
Neil Mehta
Goldman Sachs
1 question for APA
Oliver Huang
TPH&Co.
1 question for APA
Roger Read
Wells Fargo & Company
1 question for APA
Scott Gruber
Citigroup
1 question for APA
Scott Hanold
RBC Capital Markets
1 question for APA
Recent press releases and 8-K filings for APA.
- Tornator’s Group revenue rose to EUR 232.2 million (+9.0%) in FY 2025, with adjusted operating profit of EUR 168.4 million and net profit of EUR 217.2 million.
- Operating profit at fair value reached EUR 298.4 million, as the fair value of forest assets increased to EUR 3.8 billion, driving the balance sheet to exceed EUR 4.0 billion.
- The company acquired over 35,000 hectares of forest in Finland—raising total holdings to over 800,000 hectares—and executed a debt financing arrangement to refinance its 2026 bond.
- Tornator maintained a strong equity ratio of 58.4% and achieved a return on equity at fair value of 9.5%.
- APA reported estimated average realized prices for 4Q25 of $59.90/bbl (U.S. oil), $62.30/bbl (international oil), $20.40/bbl (U.S. NGL), $40.60/bbl (international NGL), $0.15/Mcf (U.S. natural gas) and $4.30/Mcf (international natural gas).
- The company expects $36 million in transaction, reorganization & separation expenses, $20 million of dry hole costs and a $193 million net gain on oil and gas purchases and sales (pre-tax).
- APA curtailed approximately 91 MMcf/d of U.S. natural gas production and 7,600 bpd of U.S. NGL production in response to weak Waha hub prices.
- Estimated weighted-average basic shares outstanding were 355 million, and the company repurchased 2.7 million shares at an average price of $24.17 during 4Q25.
- APA provided estimated 4Q 2025 average realized prices: Oil at $59.90/bbl (U.S.) and $62.30/bbl (Intl.), NGLs at $20.40/bbl (U.S.) and $40.60/bbl (Intl.), and natural gas at $0.15/Mcf (U.S.) and $4.30/Mcf (Intl.).
- In 4Q 2025, APA incurred $36 million of transaction, reorganization & separation expenses (vs. $18 million in 3Q) primarily for early lease and contract terminations.
- APA curtailed approximately 91 MMcf/d of U.S. natural gas and 7,600 bbl/d of U.S. NGL production in response to weak Waha hub prices.
- Estimated weighted-average basic shares outstanding for 4Q 2025 were 355 million; APA repurchased 2.7 million shares at an average price of $24.17. A conference call to discuss 4Q 2025 and full-year results is set for Feb. 26 at 10 a.m. CT.
- APA Group and CS Energy signed a Joint Development Agreement to develop a 400MW fast-start gas-fired Brigalow Peaking Power Plant, targeting operations in 2028 near Kogan Creek Power Station.
- APA will hold an 80% ownership stake and lead project delivery, while CS Energy retains 20% and will operate the facility.
- The plant will provide dispatchable firming capacity during peak demand to support renewable integration and connect to APA’s Roma-Brisbane Pipeline via a new lateral line.
- GE Vernova will supply the gas turbines, with detailed engineering due by mid-2026, and a 25-year inflation-linked hedge offtake agreement secures revenue and mitigates price exposure.
- Repsol SA is exploring a reverse merger of its $19 billion upstream division with APA Corp., sending APA shares up over 5% on merger speculation.
- APA’s market capitalization is approximately $8.8 billion, and it operates across the U.S., Egypt, and the North Sea, with additional projects in Suriname, Uruguay, and Alaska.
- The company’s liquidity profile shows a current ratio of 0.78, a quick ratio of 0.63, and a debt-to-equity ratio of 0.77, highlighting potential liquidity constraints alongside moderate leverage.
- Discussions are preliminary, with no certainty of a deal as both companies have declined to comment.
- Q3 2025 production of 463,815 BOE/d (51% oil/16% NGL/33% gas); US: 281,145 BOE/d, International: 182,670 BOE/d.
- YTD 2025 controllable spend realized savings of $300 M (up from $60 M in Feb-2025); raised YE25 run-rate savings target to $350 M.
- Committed to return 60% of free cash flow to shareholders; set $3.0 B long-term net debt target and net debt reduced to ~$4.0 B by Q3 2025.
- Approved FID on Block 58 in Suriname, creating ~400 Midland-equivalent well locations at ~30% of Midland Basin cost.
- 4Q 2025 guidance: reported production 230 k oil/446 k BOE/d, adjusted production 190 k oil/377 k BOE/d; upstream capex of $440 M.
- APA reported Q3 consolidated net income of $205 million ($0.57/share) and adjusted net income of $332 million ($0.93/share), generating $339 million of free cash flow and returning $154 million to investors via dividends and buybacks.
- Production exceeded guidance across core assets: Permian oil volumes topped targets, Egypt BOEs grew sequentially on gas program progress with near-elimination of past-due receivables, and North Sea delivered higher volumes at lower costs.
- On track to deliver $300 million of controllable spend savings in 2025, aiming for a $350 million run-rate by year-end and targeting an additional $50–100 million of run-rate savings in 2026.
- Preliminary 2026 plan includes sustaining Permian oil at ~120,000 bopd with $1.3 billion in capital (five rigs), flat Egypt spend for gas growth, and ~10% lower development capital versus 2025.
- Reported production of 464,000 BOE/d (adjusted 387,000 BOE/d), exceeding guidance across all regions.
- Q3 net income attributable to common stock of $205 million ($0.57 diluted EPS); adjusted earnings of $332 million ($0.93 diluted EPS); net cash provided by operating activities of $1.5 billion and adjusted EBITDAX of $1.3 billion.
- Generated $339 million of free cash flow, reduced net debt by $431 million, and returned $154 million to shareholders via dividends and share repurchases in the quarter.
- Accelerated cost reductions, now targeting $350 million of run-rate savings by YE 2025 (two years ahead) and an additional $50–$100 million by YE 2026; raised 2025 realized savings goal to $300 million from $200 million.
- Increased Q4 guidance for U.S. oil and Egypt natural gas production; expects upstream capital investment of $440 million, in line with prior outlook.
- Completed acquisition of APA Solar in August; APA contributed $16.9 million in Q3 revenue.
- Q3 revenue of $393.5 million (+70% YoY) with gross margin of 26.9% and adjusted gross margin of 28.1%.
- Net income to common shareholders of $18.4 million (EPS $0.12) and Adjusted EBITDA of $72.2 million (Adjusted EPS $0.30).
- Full-year 2025 guidance updated to $1.25–$1.28 billion in revenue (incl. ~$50 million from APA), $185–$195 million in Adjusted EBITDA, and $0.64–$0.70 in Adjusted net income per share.
- APS will develop the 2,000 MW Desert Sun natural gas facility west of Gila Bend, AZ to meet rapid growth and support renewable integration.
- The project follows a two-phase structure: Phase 1 via competitive procurement for all customers; Phase 2 funded by extra-large users through long-term subscriptions.
- Under the “growth pays for growth” model, extra-large users assume capital costs and development risks, shielding residential and small business customers from expansion expenses.
Quarterly earnings call transcripts for APA.
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