APA
🇺🇸 NASDAQ:APA
•
Dec 31, 2024
APA Q4 2024 Earnings Report
APA reported stable Q4 2024 financial performance with increased revenues and strong earnings.
Key Takeaways
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.
Revenue reached $2.71 billion in Q4 2024.
Net income attributable to common stock was $354 million.
Adjusted EBITDAX stood at $1.55 billion.
Generated free cash flow of $420 million.
APA Revenue
APA EPS
APA Revenue by Segment
APA Revenue by Geographic Location
Forward Guidance
APA Corporation expects stable financial performance in 2025, with capital expenditures of $2.5 to $2.6 billion and total adjusted production of 396,000 BOE per day, a 3% increase from 2024.
Positive Outlook
- Total adjusted production expected to rise to 396,000 BOE per day.
- Planned upstream capital budget of $2.5 to $2.6 billion.
- Investment-grade credit rating reaffirmed.
- Cost-saving initiatives targeting $350 million in annual savings by 2027.
- Increased investment in Suriname and Permian Basin projects.
Challenges Ahead
- Declining gross production in Egypt despite adjusted volume growth.
- Higher capital expenditures required for 2025 expansion plans.
- Potential fluctuations in commodity prices affecting revenues.
- Operational challenges in maintaining cost reductions.
- Geopolitical risks affecting international projects.