Quarterly UpdatesApr 14, 2026, 05:00 PM
APA Corp provides Q1 2026 operational and financial estimates
AI Summary
APA Corporation provided supplemental first-quarter 2026 financial and operational estimates, including average realized prices and key expenses. The company reported an estimated net gain of $244 million on oil and gas purchases and sales, alongside $11 million in dry hole costs. General and administrative expenses totaled $115 million, partly due to higher stock-based compensation. APA also curtailed approximately 88 MMcf/d of U.S. natural gas and 6,800 barrels per day of U.S. natural gas liquids production in response to weak Waha hub prices.
Key Highlights
- Estimated Q1 US oil price: $72.50/bbl; International oil: $85.70/bbl.
- Net gain on oil and gas purchases and sales (before tax): $244 million.
- Dry hole costs (before tax): $11 million.
- General and administrative expenses: $115 million.
- Curtailed 88 MMcf/d of U.S. natural gas production in Q1.