Apa Corporation
APA Corporation Reports Strong First-Quarter 2026 Financial Results
Summary
APA Corporation announced its first-quarter 2026 financial and operational results, reporting net income of $446 million, or $1.26 per diluted share. The company delivered strong operational performance with U.S. oil production averaging 124,000 barrels per day, exceeding guidance. APA generated $554 million in net cash provided by operating activities and $477 million in free cash flow. The company also provided an update on its second-quarter and full-year 2026 guidance, raising its U.S. oil production outlook to 122,000 barrels per day.
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About Apa Corporation
Apa Corporation is an exploration and production company primarily focused on the discovery and development of oil and natural gas. The company's activities encompass a range of energy sectors, including upstream exploration, extraction, and production. Apa Corporation holds significant operations in key regions such as the United States, specifically the Permian Basin and other prolific oil and gas zones, as well as international locations including Egypt and the North Sea. Its strategic portfolio encompasses both conventional and unconventional resources, providing a diversified energy footprint. Apa Corporation plays a vital role in the energy market by supplying raw materials crucial for electricity generation, transportation, and industrial applications. With a focus on innovation and efficiency, the company invests in advanced technologies to optimize exploration and production processes while aiming for sustainable development practices. Apa Corporation thus contributes significantly to global energy supply chains, impacting industries reliant on fossil fuels and driving economic activities in the regions where it operates.
Official SEC Documents
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