APA Corp

APA Corporation announced an agreement to acquire Savant Alaska, LLC for approximately $70 million in upfront consideration, plus additional contingent payments. This acquisition secures key midstream, pipeline, and field infrastructure adjacent to APA's existing acreage, enhancing development flexibility, accelerating project timelines, and lowering future development costs. The transaction includes the 40,000 barrel-per-day Badami facility, the 80,000 barrel-per-day Nutaaq Pipeline, and approximately 104,000 gross acres, adding 1,500 barrels of oil per day of production.

APA Corporation held its 2026 annual meeting of shareholders, where key proposals were approved. Shareholders voted to approve the Third Amendment to the 2016 Omnibus Compensation Plan, which increased the number of authorized shares by 24,160,000 and extended the plan's term to May 21, 2036. Additionally, all ten director nominees were elected, Ernst & Young LLP was ratified as the independent auditor, and the non-binding advisory vote on executive compensation was approved.

APA Corporation's board of directors has declared a regular cash dividend of $0.25 per common share. The dividend is scheduled to be paid on August 21, 2026, to shareholders who are on record as of July 22, 2026.

Apache Corporation, a subsidiary of APA Corporation, announced the opening of applications for its 2026-2027 U.S. Tree Grant Program. Since its inception in 2005, the program has donated over 5 million trees to more than 1,000 nonprofit and government partners across its U.S. operating areas, expanding to Scotland in 2023. The initiative reflects the company's long-term commitment to community and environmental stewardship.

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.

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.

APA Corporation issued a press release on April 14, 2026, announcing supplemental financial and operating results for the fiscal quarter ended March 31, 2026. This announcement was made public through an 8-K filing, which incorporated the full text of the press release as Exhibit 99.1. Investors should refer to the full press release for detailed financial performance and operational highlights.

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.