Loading...
•
Mar 31, 2021
APA Q1 2021 Earnings Report
APA's first quarter earnings were reported, demonstrating strong financial performance and operational progress.
Key Takeaways
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.
Reported production of 382,000 barrels of oil equivalent (BOE) per day; adjusted production was 326,000 BOE per day.
Generated net cash from operating activities of $671 million, adjusted EBITDAX of $1.14 billion, and free cash flow of more than $500 million.
Delivered upstream capital investment and LOE below guidance.
Announced in January fourth consecutive discovery in Block 58 offshore Suriname at Keskesi East-1 well.
Revenue by Geographic Location
Forward Guidance
APA's full-year 2021 guidance is unchanged, with clear visibility into at least $1 billion of free cash flow generation for the year, the vast majority of which will be directed to reducing net debt.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...