APA Corp

APA Corp reported strong financial results for Q2 2026, with net income attributable to common stock increasing to $747 million and basic EPS rising to $2.11. For the first six months of 2026, net income reached $1,193 million and basic EPS was $3.37. The company also significantly reduced its long-term debt to $3,741 million by June 30, 2026.

APA Corporation announced strong second-quarter 2026 financial and operational results, reporting net income of $747 million, or $2.11 per diluted share. The company exceeded production guidance with adjusted production of 347,000 BOE per day and U.S. oil production of 123,500 barrels per day. APA generated $738 million in free cash flow, repaid $752 million in debt during the first half of the year, and raised its full-year U.S. oil production guidance and cost savings target. Strategic advancements include the pending Savant acquisition in Alaska and a new partnership with Eni S.p.A in Uruguay.

APA Corporation has announced its second-quarter 2026 results, which are now available on the company's investor relations website. The company will host a conference call on Thursday, August 6, at 10 a.m. Central time to discuss these results. A replay of the call will be available for one year on the website.

APA Corporation released supplemental financial and operational information for the second quarter of 2026. Key estimates include U.S. oil prices at $93.20 per barrel and international oil prices at $99.90 per barrel. The company reported curtailing U.S. natural gas and NGL production due to weak Waha hub prices and repurchased 2.8 million shares during the quarter. APA will host a conference call on August 6, 2026, to discuss the full Q2 results.

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.

APA Corporation released its 2026 Sustainability Progress Report, detailing its achievements across sustainability priorities during 2025. The report outlines the company's approach to sustainability management, including updates on emissions performance, water stewardship, employee engagement, and community investment. CEO John J. Christmann IV highlighted the company's continued commitment to responsible operations and supporting communities.

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.