APA 6 08/01/13 D Filings — Apa Corporation - FilingSpy
APA 6 08/01/13 D
Apa Corporation
An oil and gas exploration and production company that hunts for and pumps crude oil and natural gas in the United States, Egypt, and the North Sea. Born in 1954 when four young men pooled their savings to drill in the Texas Panhandle, it grew from a small wildcat outfit into one of the world's largest independent producers. The founders reportedly picked the name "Apache" because they saw themselves as bold independents taking on the big oil companies, much like the Apache warriors of the American Southwest — and the company kept the moniker when it moved its headquarters to Houston.
APA Corporation reports Q2 2026 net income of $747 million, or $2.11 per diluted share
Reported production was approximately 410,000 BOE per day; adjusted production was 347,000 BOE per day, both exceeding guidance.
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Second-quarter 2026 net income attributable to common stock was $747 million, or $2.11 per diluted share; adjusted earnings were $669 million, or $1.89 per diluted share.
Generated $1.7 billion net cash from operating activities, $738 million free cash flow, and $1.8 billion adjusted EBITDAX.
Repaid $752 million of near-term bond debt in H1 2026; total debt down $2.3 billion since year-end 2024.
Raised full-year 2026 U.S. oil production guidance to 123,000 barrels per day; increased expected 2026 exit run-rate cost savings to $500 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
APA Corp. issues Q2 2026 supplemental results, schedules Aug. 6 call
APA Corporation provided supplemental Q2 2026 financial and operating estimates, including U.S. oil realized price of $93.20/bbl and international oil at $99.90/bbl.
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The company reported estimated net gain of $345 million before tax on oil and gas purchases and sales, including a $109 million realized loss from commodity derivatives.
APA curtailed about 137 MMcf/d of U.S. natural gas and 12,300 bbl/d of NGL production in Q2 due to weak Waha hub prices.
APA repurchased 2.8 million shares at an average price of $35.25 per share during Q2; weighted-average basic shares estimated at 353 million.
Q2 general and administrative expenses totaled $65 million, including about $10 million in stock-based compensation; earnings call scheduled for Aug. 6 at 10 a.m. CT.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
APA shareholders approve 2016 Omnibus Compensation Plan amendment at 2026 annual meeting.
All ten director nominees were elected to one-year terms expiring at the 2027 annual meeting, including Annell R. Bay, John J. Christmann IV, and H. Lamar McKay.
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At the May 21, 2026 annual meeting, APA Corporation shareholders approved the Third Amendment to the 2016 Omnibus Compensation Plan, increasing authorized shares by 24,160,000 and extending the plan term to May 21, 2036.
Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year 2026 with 307,082,415 votes for and 4,653,628 against.
The non-binding advisory say-on-pay proposal was approved with 238,710,645 votes for and 38,762,516 against.
The compensation plan amendment received 266,499,823 votes for and 10,989,332 against, with 34,089,789 broker non-votes.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
APA Corporation reports first-quarter 2026 supplemental financial and operating results.
Estimated average realized prices for Q1 2026: U.S. oil $72.50/bbl, NGL $19.80/bbl, natural gas $(0.35)/Mcf; International oil $85.70/bbl, NGL $49.20/bbl, natural gas $4.60/Mcf.
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Egypt tax barrels estimated at 43 MBoe/d; dry hole costs before tax $11 million; net gain on oil and gas purchases and sales before tax $244 million (including $66 million realized loss from commodity derivatives).
General and administrative expenses totaled $115 million, including approximately $25 million of higher-than-expected stock-based compensation.
APA curtailed approximately 88 MMcf/d of U.S. natural gas production and 6,800 barrels per day of U.S. natural gas liquids production in Q1 due to weak or negative Waha hub prices.
First-quarter 2026 results conference call scheduled for May 7 at 10 a.m. Central Time.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
APA Corporation reports Q4 and full-year 2025 results, with Q4 net income of $279 million.
Q4 2025 net income attributable to common stock was $279 million, or $0.79 per diluted share; adjusted earnings were $324 million, or $0.91 per diluted share.
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Q4 2025 reported production was 460,000 BOE per day; adjusted production was 387,000 BOE per day.
Full-year 2025 net cash provided by operating activities was $4.5 billion, free cash flow was $1.0 billion, and adjusted EBITDAX was $5.4 billion.
2026 upstream capital plan is $2.1 billion, a 10% reduction from 2025, with total adjusted production expected at 371,000 BOE per day.
Year-end 2025 proved reserves grew 9% to 1,056 million BOE.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
APA Corporation provides Q4 2025 supplemental results and schedules Feb. 26 earnings call.
Estimated Q4 2025 average realized prices: U.S. oil $59.90/bbl, NGL $20.40/bbl, natural gas $0.15/Mcf; International oil $62.30/bbl, NGL $40.60/bbl, natural gas $4.30/Mcf.
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Q4 2025 includes Egypt tax barrels of 34 MBoe/d, dry hole costs of $20 million (pre-tax), net gain on oil and gas purchases/sales of $193 million (pre-tax), and transaction/reorganization/separation costs of $36 million.
APA curtailed about 91 MMcf/d of U.S. natural gas and 7,600 bbl/d of U.S. NGL production in Q4 due to weak Waha hub prices.
Estimated Q4 weighted-average basic shares outstanding: 355 million; APA repurchased 2.7 million shares at an average price of $24.17.
Conference call for Q4 and full-year 2025 results scheduled for Feb. 26 at 10 a.m. Central time.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
APA appoints Robert P. Rayphole as VP, Chief Accounting Officer and Controller, effective Nov. 15, 2025.
Rebecca A. Hoyt, the current senior vice president, Chief Accounting Officer, and Controller, will remain with the company until her previously disclosed retirement.
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Robert P. Rayphole was appointed vice president, Chief Accounting Officer, and Controller, effective November 15, 2025.
Rayphole previously served as Assistant Controller since 2011 and joined the company in 2002.
His compensation includes an annual base salary of $355,000, a target annual incentive of 50% of base salary, and a target long-term incentive of 225% effective January 1, 2026.
The appointment was announced in a press release on November 10, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits