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APA (APA)

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Earnings summaries and quarterly performance for APA.

Research analysts who have asked questions during APA earnings calls.

John Freeman

John Freeman

Raymond James Financial

3 questions for APA

Also covers: AR, CRGY, DVN +9 more
LM

Leo Mariani

ROTH MKM

3 questions for APA

Also covers: AR, CIVI, CNX +16 more
PC

Paul Cheng

Scotiabank

3 questions for APA

Also covers: BP, CLNE, COP +20 more
AJ

Arun Jayaram

JPMorgan Chase & Co.

2 questions for APA

Also covers: AR, BKR, COP +33 more
Betty Jiang

Betty Jiang

Barclays

2 questions for APA

Also covers: AR, BKV, CNX +15 more
CM

Charles Meade

Johnson Rice & Company L.L.C.

2 questions for APA

Also covers: BRY, COP, CRGY +17 more
DD

David Deckelbaum

TD Cowen

2 questions for APA

Also covers: ALB, ALTM, AR +17 more
DG

Douglas George Blyth Leggate

Wolfe Research

2 questions for APA

Also covers: BP, COP, CTRA +18 more
WJ

Wei Jiang

Barclays

2 questions for APA

Also covers: AR, BKV, COP +9 more
BD

Bertrand Donnes

Truist Securities

1 question for APA

Also covers: AR, BKV, CNX +7 more
Bob Brackett

Bob Brackett

Bernstein Research

1 question for APA

Also covers: CCJ, COP, CVX +8 more
DL

Douglas Leggate

Wolfe Research

1 question for APA

Also covers: COP, CVX, DINO +5 more
DL

Doug Leggate

Wolfe Research

1 question for APA

Also covers: AR, BP, CNQ +23 more
Jeoffrey Lambujon

Jeoffrey Lambujon

TPH & Co.

1 question for APA

Also covers: COP
Michael Scialla

Michael Scialla

Stephens Inc.

1 question for APA

Also covers: AESI, CNX, CRC +10 more
ND

Neal Dingmann

Truist Securities

1 question for APA

Also covers: CHRD, CIVI, COP +33 more
Neil Mehta

Neil Mehta

Goldman Sachs

1 question for APA

Also covers: AESI, AR, BKR +36 more
OH

Oliver Huang

TPH&Co.

1 question for APA

Also covers: CHRD, CIVI, CRGY +5 more
RR

Roger Read

Wells Fargo & Company

1 question for APA

Also covers: AR, BP, CLMT +22 more
SG

Scott Gruber

Citigroup

1 question for APA

Also covers: BKR, BKV, CHX +24 more
Scott Hanold

Scott Hanold

RBC Capital Markets

1 question for APA

Also covers: CHRD, CIVI, COP +13 more

Recent press releases and 8-K filings for APA.

Tornator reports 2025 results: EUR 232 million revenue and balance sheet over EUR 4 billion
APA
Earnings
Debt Issuance
New Projects/Investments
  • 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%.
4 days ago
APA Corporation provides Q4 2025 supplemental operational and financial estimates
APA
Guidance Update
Share Buyback
  • 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.
Jan 20, 2026, 9:21 PM
APA provides Q4 2025 supplemental estimates and schedules earnings call
APA
Earnings
Guidance Update
Share Buyback
  • 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.
Jan 20, 2026, 9:15 PM
APA advances Brigalow 400MW peaking plant in Queensland
APA
New Projects/Investments
  • 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.
Nov 30, 2025, 10:43 PM
APA considers reverse merger with Repsol’s upstream unit
APA
M&A
  • 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.
Nov 13, 2025, 4:32 PM
APA Corporation reports Q3 2025 results
APA
Earnings
Guidance Update
New Projects/Investments
  • 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.
Nov 6, 2025, 4:00 PM
APA reports Q3 2025 results and outlines 2026 outlook
APA
Earnings
Guidance Update
  • 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.
Nov 6, 2025, 4:00 PM
APA Corporation announces Q3 2025 results
APA
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 5, 2025, 10:22 PM
Array Technologies reports Q3 2025 results
APA
Earnings
M&A
Guidance Update
  • 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.
Nov 5, 2025, 9:05 PM
APA announces development of 2,000 MW Desert Sun natural gas plant
APA
New Projects/Investments
  • 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.
Oct 30, 2025, 1:00 PM