Sign in

    APA Corp (US) (APA)

    You might also like

    APA Corporation is an independent energy company focused on the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs) through its upstream business operations in the U.S., Egypt, and the North Sea . The company also engages in exploration and appraisal activities in Suriname and holds interests in Uruguay and other international locations . APA generates revenue from oil, natural gas, and NGLs through customer contracts, with prices based on market-indexed rates adjusted for various factors . In Egypt, APA operates under production-sharing contracts, assuming exploration and production costs in exchange for a share of the production .

    1. U.S. Operations - Engages in the exploration, development, and production of natural gas, crude oil, and NGLs within the United States.
    2. Egypt Operations - Conducts exploration, development, and production activities under production-sharing contracts, bearing costs in exchange for a share of the production.
    3. North Sea Operations - Involves the exploration, development, and production of natural gas, crude oil, and NGLs in the North Sea region.
    4. Exploration and Appraisal - Focuses on exploration and appraisal activities in Suriname, with additional interests in Uruguay and other international locations.
    NamePositionStart DateShort Bio
    John J. Christmann IVChief Executive Officer2024John J. Christmann IV has been with APA since 1997 and has served as CEO since 2024. He previously held roles such as CEO and President from 2015 to 2023, and EVP and COO for North America .
    Stephen J. RineyPresident and Chief Financial Officer2024Stephen J. Riney was appointed as President and CFO in January 2024. He served as EVP since February 2015 and CFO since March 2015. Before APA, he was CFO for BP Exploration and Production .
    D. Clay BretchesExecutive Vice President, Operations2020D. Clay Bretches became EVP of Operations on January 1, 2020. He was previously SVP of U.S. Midstream Operations and CEO and President of Altus Midstream Company, a subsidiary of APA .
    Tracey K. HendersonExecutive Vice President, Exploration2023Tracey K. Henderson was appointed EVP of Exploration in January 2023. She was SVP of Exploration from April 2021 and previously worked at Kosmos Energy as Chief Exploration Officer .
    Rebecca A. HoytSenior Vice President, Chief Accounting Officer2014Rebecca A. Hoyt was appointed SVP, Chief Accounting Officer, and Controller in August 2014. She has been with APA since 1993 and was previously an audit manager at Arthur Andersen LLP .
    P. Anthony LannieExecutive Vice President and General Counsel2009P. Anthony Lannie became EVP and General Counsel in August 2009. He was previously SVP and General Counsel since May 2004 and VP and General Counsel since March 2003 .
    Mark D. MaddoxExecutive Vice President, Administration2023Mark D. Maddox was appointed EVP of Administration in January 2023. He served as SVP of Administration from April 2020 and held roles such as SVP of Supply Chain and CIO starting in June 2019 .
    Matthew R. BobBoard Member2024Matthew R. Bob was elected to the Board on April 1, 2024. He has extensive experience in U.S. onshore oil and gas companies and served as an independent director and board chair at Callon Petroleum Company .
    Anya WeavingBoard Member2024Anya Weaving joined the Board in April 2024. She has a background in investment banking, having served as Vice Chair and Managing Director in Global Natural Resources at Bank of America Merrill Lynch .
    Kenneth M. FisherBoard Member2024Kenneth M. Fisher was appointed to the Board on October 24, 2024. He serves on the Audit and Cybersecurity Committees and was previously EVP and CFO of ChampionX Corporation .
    1. "With the third quarter showing a reduced percentage of free cash flow returned to shareholders due to timing issues with disposals, how do you plan to ensure consistent cash returns in the future, and what steps are you taking to mitigate such timing risks?"

    2. "In integrating Callon, have you identified areas where their operational practices outperformed yours, and how are you leveraging those insights to enhance your own operations, particularly in terms of cost efficiencies and well performance?"

    3. "Given the late-stage life cycle of your North Sea assets and the anticipated production declines, how do you plan to offset this reduction in free cash flow, and are you considering any strategic acquisitions or developments to maintain overall company growth?"

    4. "With the significant curtailment of production due to weak Waha gas prices affecting your fourth-quarter U.S. production by 20,000 to 25,000 BOE, what are your strategies to manage commodity price volatility and minimize its impact on your overall production and financial performance?"

    5. "As the GranMorgu project in Suriname is not expected to contribute to production until 2028, how are you addressing the potential gap in production growth over the next few years, and what measures are in place to mitigate risks associated with this long-term offshore development?"

    Program DetailsProgram 1Program 2
    Approval DateFourth quarter of 2021 Third quarter of 2022
    End Date/DurationN/AN/A
    Total additional amount40 million shares 40 million shares
    Remaining authorization39.3 million shares 39.3 million shares
    DetailsN/AN/A
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    20242Finance Lease ObligationsN/A0.03% = (2 / 6400) * 100
    20271,5003-Year Tranche LoansN/A23.4% = (1500 / 6400) * 100
    N/A330Commercial Paper NotesN/A5.2% = (330 / 6400) * 100
    N/A4,800Notes and Debentures5.3475.0% = (4800 / 6400) * 100
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2002 PresentCurrent auditor