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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
APA
APA Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEgypt Revenue
CapyFin.comNorth Sea Revenue
CapyFin.com 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income