Quarterly ResultMay 6, 2026, 04:52 PM
APA Corp Q1 Adjusted EPS $1.38; Raises Full-Year US Oil Outlook
AI Summary
APA Corporation reported strong first-quarter 2026 financial and operational results, with adjusted earnings of $1.38 per diluted share and $477 million in free cash flow. The company exceeded its U.S. oil production guidance and raised its full-year U.S. oil production outlook to 122,000 barrels per day. APA also repaid $634 million in near-term bond maturities and returned $88 million to shareholders through dividends.
Key Highlights
- Adjusted earnings per diluted share were $1.38.
- Net income attributable to common stock was $446 million, or $1.26 per share.
- Generated $477 million in free cash flow and $1.6 billion in adjusted EBITDAX.
- Reported production was 442,000 BOE per day; adjusted production was 363,000 BOE per day.
- U.S. oil production averaged 124,000 barrels per day, exceeding guidance.
- Raised full-year U.S. oil production outlook to 122,000 barrels per day.
- Repaid $634 million in near-term bond maturities through April 2026.
- Returned $88 million to shareholders through dividends in Q1.