APA Earnings Reports

APA Corporation reported Q4 2024 revenue of $2.71 billion and net income attributable to common stock of $354 million. Adjusted EBITDAX was $1.55 billion, and the company generated free cash flow of $420 million. The quarter saw a strong performance despite some operational challenges.

APA Corporation reported a net loss of $223 million, or $0.60 per diluted share, primarily due to non-cash impairments. However, adjusted earnings were $370 million, or $1.00 per diluted share. The company's adjusted EBITDAX was $1.6 billion. APA also announced the final investment decision for a major oil development project in Suriname and streamlined its Permian footprint.

APA Corporation reported a strong second quarter in 2024, marked by higher-than-expected production across all operating areas and significant progress in integrating Callon assets. The company's net income attributable to common stock was $541 million, or $1.46 per diluted share, with adjusted earnings at $434 million, or $1.17 per diluted share. APA is raising its outlook for the back half of the year after adjusting for asset sales and expects a meaningful increase in free cash flow.

APA Corporation reported a net income of $132 million, or $0.44 per diluted share, for the first quarter of 2024. Adjusted earnings were $237 million, or $0.78 per diluted share. The company generated $368 million in net cash from operating activities and $1.24 billion in adjusted EBITDAX. Key highlights include strong Permian performance, the Callon Petroleum Company acquisition, and a high-quality oil discovery in Alaska.

APA Corporation reported a net income attributable to common stock of $1.8 billion, or $5.78 per share, for the fourth quarter of 2023. Adjusted earnings were $352 million, or $1.15 per share. The company's reported fourth-quarter production was 414,000 BOE per day, while adjusted production was 341,000 BOE per day. Net cash provided by operating activities was $1.0 billion, and adjusted EBITDAX was $1.4 billion.

APA Corporation reported a net income of $459 million, or $1.49 per diluted share, for the third quarter of 2023. Adjusted earnings were $410 million, or $1.33 per diluted share. The company generated $307 million in free cash flow and $1.4 billion in adjusted EBITDAX during the quarter. Adjusted global oil production exceeded the high-end of guidance, with a 20% year-over-year increase.

APA Corporation reported a strong second quarter in 2023, with net income attributable to common stock of $381 million, or $1.23 per diluted share. Adjusted earnings were $264 million, or $0.85 per diluted share. The company generated $1.0 billion in net cash from operating activities and $94 million in free cash flow.

APA Corporation reported a net income of $242 million, or $0.78 per diluted share, and an adjusted net income of $372 million, or $1.19 per diluted share, for the first quarter of 2023. The company generated $272 million in free cash flow and is reducing capital investment by $100 million due to lower Permian Basin natural gas prices.

APA Corporation reported a net income attributable to common stock of $443 million, or $1.38 per share on a fully diluted basis for Q4 2022. Adjusted earnings were $476 million, or $1.48 per share. The company's reported fourth-quarter production was 414,000 BOE per day, with adjusted production at 334,000 BOE per day. Net cash provided by operating activities was $1.4 billion, and adjusted EBITDAX was $1.5 billion.

APA Corporation announced its Q3 2022 financial results, reporting a net income of $422 million, or $1.28 per diluted share. Adjusted earnings were $651 million, or $1.97 per diluted share. The company generated $1.104 billion in net cash from operating activities and $609 million in free cash flow.

APA Corporation announced strong second-quarter results with net income attributable to common stock of $926 million, or $2.71 per diluted share. Adjusted earnings were $811 million, or $2.37 per diluted share. The company generated $1.535 billion in net cash from operating activities and $814 million in free cash flow.

APA Corporation reported a strong first-quarter 2022, with net income attributable to common stock of $1.9 billion, or $5.43 per diluted share. Adjusted earnings were $668 million, or $1.92 per diluted share. The company generated $675 million in free cash flow and expects to generate approximately $2.9 billion for the full year 2022.

APA Corporation reported a net income of $382 million, or $1.05 per share, and an adjusted earnings of $468 million, or $1.29 per share. Net cash from operating activities was $1.1 billion and adjusted EBITDAX was $1.3 billion.

APA Corporation reported a net loss of $113 million, or $0.30 per diluted common share, for the third quarter of 2021. However, when adjusted for certain items, the company's earnings were $372 million, or $0.98 per diluted share. The company generated $1.16 billion in adjusted EBITDAX and anticipates an even stronger fourth quarter. APA is committing to return a minimum of 60% of Free Cash Flow to shareholders through dividends and stock repurchases.

APA Corporation reported a net income of $316 million, or $0.82 per diluted share, for the second quarter of 2021. Adjusted earnings were $266 million, or $0.70 per diluted share. The company generated $969 million in net cash from operating activities and $1.01 billion in adjusted EBITDAX. Free cash flow was $396 million.

APA Corporation reported a net income of $388 million, or $1.02 per diluted share, with adjusted earnings of $346 million, or $0.91 per diluted share. The company generated $502 million in free cash flow and adjusted EBITDAX of $1.14 billion. Production averaged 382,000 BOE per day.