Quarterly UpdatesJul 8, 2026, 04:16 PM
APA Corp Q2 Updates: US Gas Production Curtailed, $93.20/bbl US Oil
AI Summary
APA Corp provided supplemental financial and operational updates for the second quarter of 2026, including estimated average realized prices for oil, NGL, and natural gas. The company curtailed approximately 137 MMcf/d of U.S. natural gas and 12,300 bbl/d of U.S. NGL production due to weak Waha hub prices. Additionally, APA repurchased 2.8 million shares at an average price of $35.25 per share and reported $41 million in dry hole costs. Net gain on oil and gas purchases and sales was $345 million.
Key Highlights
- Curtailed 137 MMcf/d of US natural gas production in Q2 2026.
- Curtailed 12,300 bbl/d of US NGL production in Q2 2026.
- US average realized oil price was $93.20/bbl in Q2 2026.
- International average realized oil price was $99.90/bbl in Q2 2026.
- Repurchased 2.8 million shares at an average price of $35.25/share.
- Reported $41 million in dry hole costs before tax.
- Net gain on oil and gas purchases and sales was $345 million before tax.
- General and administrative expenses totaled $65 million in Q2 2026.
Price Impact
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