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APA Corporation

APA · Energy

Last earnings Aug 5, 2026

Key results

Net incomequarter

$603 million

APA reported net income attributable to common stock of $603 million, or $1.67 per diluted share.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

AI analysis

Q2 2025 · reported Aug 7, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Diluted EPS · Q2 2025
$1.67
EX-99 · Aug 7, 2025
Net income · Q2 2025
$603M
EX-99 · Aug 7, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$603 million——

EX-99 · Aug 7, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“In the Permian, our progress is evident in the numbers, where we exceeded production guidance while reducing our rig count by 25% due to continued efficiency gains in the field.”

Company outlook

“Sustained capital efficiency improvements in the Permian are driving a $130 million reduction in original Permian capital guidance, while maintaining original oil production guidance, adjusted for the New Mexico asset sale, which closed in mid-June.”

Company outlook

“GranMorgu project update In Suriname, full-year 2025 capital guidance for the development of the 220,000 barrels of oil per day GranMorgu project was raised to $275 million, reflecting additional milestone payments expected in the second half of the year total project costs remain unchanged.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$140M

Shareholder returns and net debt reduction update During the quarter, APA returned $140 million to shareholders through its base dividend and share repurchase program.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

When adjusted for items that impact the comparability of results, APA s second-quarter earnings were $313 million, or $0.87 per diluted share

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “In the Permian, our progress is evident in the numbers, where we exceeded production guidance while reducing our rig count by 25% due to continued efficiency gains in the field.”

Company outlook: “Sustained capital efficiency improvements in the Permian are driving a $130 million reduction in original Permian capital guidance, while maintaining original oil production guidance, adjusted for the New Mexico asset sale, which closed in mid-June.”

Company outlook: “GranMorgu project update In Suriname, full-year 2025 capital guidance for the development of the 220,000 barrels of oil per day GranMorgu project was raised to $275 million, reflecting additional milestone payments expected in the second half of the year total project costs remain unchanged.”

Company outlook — Lowered (“reducing”)
“In the Permian, our progress is evident in the numbers, where we exceeded production guidance while reducing our rig count by 25% due to continued efficiency gains in the field.”

Company outlook — Raised (“increased”)
“In Egypt, we exceeded our quarterly gas production guidance and have once again increased our expectations for the gas program in the second half of the year.”

Company outlook — Raised (“increasing”)
“Egypt reported production was also ahead of guidance at 144,000 BOE per day, driven by the strong performance of recent gas discoveries and the company s ability to continue increasing utilization of existing infrastructure.”

Company outlook — Reiterated (“maintaining”)
“Sustained capital efficiency improvements in the Permian are driving a $130 million reduction in original Permian capital guidance, while maintaining original oil production guidance, adjusted for the New Mexico asset sale, which closed in mid-June.”

Company outlook — Raised (“raised”)
“GranMorgu project update In Suriname, full-year 2025 capital guidance for the development of the 220,000 barrels of oil per day GranMorgu project was raised to $275 million, reflecting additional milestone payments expected in the second half of the year total project costs remain unchanged.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Shareholder returns and net debt reduction update During the quarter, APA returned $140 million to shareholders through its base dividend and share repurchase program.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The company also reduced net debt by over $850 million, supported by proceeds from the New Mexico asset sale and positive working capital inflows, primarily associated with payments from Egypt.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

To emphasize the ongoing commitment to a strong balance sheet, APA is initiating a long-term net debt target of $3 billion.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The company plans to continue its balanced capital allocation approach and remains committed to returning 60% of free cash flow to shareholders through base dividends and share repurchases.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Additional information Additional information follows, including reconciliations of adjusted earnings, adjusted EBITDAX, upstream capital investment, net debt, cash flows from operations before changes in operating assets and liabilities and free cash flow (non-GAAP financial measures) to GAAP measures and information regarding adjusted production.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Adjusted earnings, adjusted EBITDAX, upstream capital investment , net debt, cash flows from operations before changes in operating assets and liabilities and free cash flow are non-GAAP measures.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Strategy & priorities

APA CORPORATION ANNOUNCES SECOND-QUARTER 2025 FINANCIAL AND OPERATIONAL RESULTS PAGE 3 of 6 Cost reduction initiatives Following strong performance in the first half of the year, APA is outpacing its three-year cost reduction targets and now expects to achieve $350 million in run-rate savings in 2026, compared to its prior goal of year-end 2027.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These initiatives are progressing very well, and we are on the path to achieving significant and lasting improvements to our cost structure.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

This year, APA simplified its reporting into two documents Our Approach to Sustainability details the ongoing sustainability programs and initiatives, and the 2025 Sustainability Progress Report contains progress on 2024 goals, annual highlights, key performance data and new goals for 2025.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

All statements other than statements of historical facts included or incorporated by reference in this report, including, without limitation, statements regarding the Company s future financial position, business strategy, budgets, projected revenues, projected costs, anticipated savings (including estimated run-rate or annualized savings), debt repayments (including debt reduction targets and associated timelines), pending acquisitions, and plans and objectives of management for future operations and capital returns framework, are forward-looking statements.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

Accounting Standards Codification (ASC) 820-10-35, Fair Value Measurement (ASC 820), provides a hierarchy that prioritizes and defines the types of inputs used to measure fair value.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

Risks & headwinds

While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations.

SEC original ↗APA Corporation — Earnings release (8-K exhibit)EX-99Aug 7, 2025

COMMITMENTS AND CONTINGENCIES Legal Matters The Company is party to various legal actions arising in the ordinary course of business, including litigation and governmental and regulatory controls, which also may include controls related to the potential impacts of climate change.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

It is management s opinion that the loss for any other litigation matters and claims that are reasonably possible to occur will not have a material adverse effect on the Company s financial position, results of operations, or liquidity.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

, who assumed Quadrant s place in the ongoing litigation.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

Santos then filed a new lawsuit in the Supreme Court of Western Australia contending that it may be liable to the Australian Taxation Office for assessments, penalties, and interest related to the 2014 and 2015 tax years of approximately AUD $ 133 million and asserting that, if such amounts must be paid, the Company is liable to Santos for those amounts under the Quadrant SPA.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

All lawsuits related to the Quadrant SPA have now been consolidated into the same proceeding.

SEC original ↗APA Corporation — 10-Q Quarterly report10-QAug 6, 2026

Documents

Earnings deck slides

0 decks with slide view

APA Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

APA Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

APA Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

APA Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

APA Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyYPF (YPF) EnergyCenovus Energy (CVE) EnergySuncor Energy (SU) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyCameco (CCJ) EnergyVista Energy, S.A.B. De C.V. (VIST) Energy

Filings

31 documents

Earnings releases

7 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for APA Corporation are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention APA Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.