APA Corporation

NASDAQ:APA  
31.75
+1.06 (+3.47%)
Other Pre-Announcement

APA Corporation Reports Qtrly Net Income Attributable To Common Stock Of $926 Million, Or $2.71 Per Diluted Share

Published: 08/03/2022 22:12 GMT
APA Corporation (APA) - Apa Corporation - Qtrly Net Income Attributable to Common Stock of $926 Million, Or $2.71 per Diluted Share.
Apa Corporation - Qtrly Reported Production of 385,000 Barrels of Oil Equivalent (boe) per Day.
Apa Corporation - Qtrly Adjusted Earnings per Share $2.37.
Apa Corporation - Apa’s Full-year Capital Investment Guidance, Excluding Acquisitions, is Unchanged at $1.725 Billion.
Apa Corporation - Qtrly Adjusted Production, Which Excludes Egypt Noncontrolling Interest and Tax Barrels, Was 305,000 Boe per Day.
Apa Corporation - Reducing Its 2022 Adjusted Production Guidance by Approximately 2%.
Apa Corporation - If Recent Strip Prices Hold, We Expect to Generate Approximately $3 Billion of Free Cash Flow in 2022.
Apa Corporation - During the Quarter, the Company Entered Into a Transaction to Acquire Properties in the Texas Delaware Basin.
Apa Corporation - Purchase Price for Properties in Texas Delaware Basin Was $505 Million, and Transaction Closed on July 29 for a Total Cost of $555 Million.
Apa Corporation - Qtrly Total Revenues $3,047 Million Versus $1,756 Million.
Q2 Earnings per Share View $2.33, Revenue View $2.61 Billion -- Refinitiv Ibes Data (analyst estimates).
Apa - Expects Production From Properties in Texas Delaware Basin Will Average 12,000 to 14,000 Boe per Day for the Remaining Five Months of the Year.