Quarterly ResultMay 7, 2026, 02:35 PM
APA Corp Q1 Net Income $446M, EPS $1.26; Revenues $2.33B
AI Summary
APA Corp reported Q1 2026 net income attributable to common stock of $446 million, or $1.26 per diluted share, an increase from $347 million, or $0.96 per diluted share, in Q1 2025. Total revenues for the quarter were $2.33 billion, down from $2.64 billion year-over-year, and net cash provided by operating activities also decreased. The company repaid $79 million in notes due March 2026 and subsequently redeemed $425 million in notes due 2027 and 2028 in April 2026.
Key Highlights
- Net income attributable to common stock rose to $446M in Q1 2026 from $347M in Q1 2025.
- Diluted EPS increased to $1.26 in Q1 2026 from $0.96 in Q1 2025.
- Total revenues decreased to $2.33B in Q1 2026 from $2.64B in Q1 2025.
- Oil, natural gas, and NGL production revenues were $1.94B in Q1 2026, down from $2.04B in Q1 2025.
- Net cash provided by operating activities was $554M in Q1 2026, compared to $1.10B in Q1 2025.
- Repaid $79M aggregate principal amount of 7.70% Notes due March 15, 2026.
- Subsequent to quarter-end, redeemed $425M of 4.875% Notes due 2027 and 4.375% Notes due 2028.
- Capitalized exploratory well costs increased to $344M as of March 31, 2026, from $338M at Dec 31, 2025.
Price Impact
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