Form 10-Q · Quarterly report
APA Corporation 10-Q, filed Aug 6, 2026
- Filed
- CIK
- 0001841666
- Accession no.
- 0001841666-26-000053
Summary
APA Corporation reported second-quarter 2026 net income attributable to common stock of $747 million, or $2.11 per diluted share, up from $603 million, or $1.67 per diluted share, a year earlier, on stronger crude oil realizations and lower operating expenses. The company raised its annualized cost-savings target to $500 million by the end of 2026, agreed to acquire Savant Alaska, LLC for about $70 million in upfront consideration, and received a five-year extension from the Government of Egypt covering roughly 3.4 million acres of exploration acreage.
Key points
- Worldwide production averaged 409,959 barrels of oil equivalent per day in the second quarter of 2026, down 12% from the second quarter of 2025, with U.S. output at 263,187 boe/d.
- APA signed an agreement with Eni S.p.A. as a strategic partner in offshore Uruguay Block 6, retaining a 60% working interest with Eni funding most of an initial exploration well planned for 2027.
- The Savant Alaska transaction is expected to add about 104,000 gross acres and roughly 1,500 barrels per day of oil production and to close by year-end 2026.
- APA paid a quarterly dividend of $0.25 per share, repurchased 101.0 million shares from the fourth quarter of 2021 through the end of the second quarter of 2026, and has repaid $3.7 billion of long-term debt since year-end 2021.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview APA is an independent energy company that owns subsidiaries that explore for, develop, and produce crude oil, natural gas, and natural gas liquids (NGLs). The Company’s business has oil and gas exploration, development, appraisal, and/or ongoing operations primarily in four geographic areas: the U.S., Egypt, offshore the U.K. in the North Sea (North Sea), and offshore Suriname. APA also has exploration interests in Uruguay, Alaska, and other international locations that may, over time, result in reportable discoveries and development opportunities. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.