Welcome to our dedicated page for APA Corporation news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA Corporation stock.
APA Corporation (NASDAQ: APA) is a leading independent energy company engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. Headquartered in Houston, APA operates primarily in the United States, Egypt, the North Sea, and Suriname. As of year-end 2023, APA's proved reserves stood at 807 million barrels of oil equivalent, with a robust net daily production of 405 thousand barrels of oil equivalent, comprised mostly of oil and natural gas liquids.
The company's mission is to generate long-term growth and profitability for its shareholders by building and managing a portfolio that offers sustainable growth opportunities. Recent strategic moves include the acquisition of Callon Petroleum Company, which has significantly bolstered APA's position in the Delaware Basin, increasing its production capacity and enhancing operational efficiencies. APA Corporation now boasts a production tally of approximately 500,000 barrels of oil equivalent per day, with significant contributions from the Permian Basin.
APA’s ongoing commitment to sustainability and environmental stewardship is reflected in initiatives such as the Apache Corporation Tree Grant Program. Since its inception in 2005, the program has donated over 5 million trees, supporting large-scale conservation projects and enhancing public greenspaces.
In addition to its core business, APA has expanded its board with new appointments to further enhance its strategic and operational expertise. The latest additions, Matthew Bob and Anya Weaving, bring valuable insights from their extensive experience in the oil and gas sector.
Financially, APA has shown resilience and strategic acumen through several successful transactions, including the sale of non-core assets. These sales have generated substantial proceeds, aiding in debt reduction and further solidifying the company’s financial standing. Investors can stay updated with APA’s latest financial results, strategic initiatives, and market performance through regular company announcements, press releases, and operational updates available on APA’s official website.
For more information, visit APA Corporation's official website.
Kinetik Holdings (NYSE: KNTK) has announced its fourth quarter dividend of $0.78 per share ($3.12 annualized), payable on February 12, 2025, to shareholders of record as of February 3, 2025. The company will release its Q4 2024 earnings after market close on February 26, 2025, followed by a conference call on February 27, 2025.
The company maintains an active Dividend Reinvestment Plan (DRIP) that is open to all shareholders. Details of the plan are available in the company's S-3 registration statement filed with the SEC on July 12, 2024. Shareholders can register for the DRIP through Broadridge Corporate Issuers, , either online or through various contact methods.
APA has released supplemental information for Q4 2024, highlighting key financial and operational metrics. Average realized prices in the US were $70.25/bbl for oil, $24.50/bbl for NGL, and $1.00/Mcf for natural gas. International prices were higher at $74.75/bbl for oil, $50.50/bbl for NGL, and $4.00/Mcf for natural gas.
The company reported Egypt tax barrels at 35 MBoe/d and curtailed approximately 23.5 MBoe/d in response to weak Waha hub prices, slightly above the November guidance of 22 MBoe/d. Notable financial items include a $1 million realized gain on commodity derivatives, $30 million in dry hole costs, and a $140 million net gain on oil and gas purchases and sales.
APA completed the previously announced Permian Basin non-core asset divestiture on December 31, 2024, receiving net proceeds of approximately $774 million after adjustments. During Q4, the company repurchased 4.6 million shares at an average price of $21.90 per share, with weighted-average basic common shares estimated at 369 million.
APA announced the final results of its private exchange offers, tender offers, and consent solicitations for Apache notes. The offers, set to settle on January 10, 2025, include:
1. Exchange offers for Apache notes to new APA notes
2. Cash tender offers up to $1 billion for certain Apache notes
3. Consent solicitations for amendments to Apache notes indentures
The company has received significant participation across various note series, with tender rates ranging from 36% to 95.5%. APA also announced pricing of a private offering of $850 million in senior notes, waiving the Financing Condition. The new notes will be guaranteed by Apache on the same terms as the APA Notes to be issued in the Exchange Offers.
APA (Nasdaq: APA) has announced the pricing of a private notes offering totaling $850 million. The offering consists of $350 million of 6.10% notes due 2035 and $500 million of 6.75% notes due 2055. The gross proceeds are expected to be approximately $846 million.
The offering is scheduled to close on January 10, 2025. APA plans to use the net proceeds to purchase outstanding senior indebtedness from Apache , its wholly-owned subsidiary, through cash tender offers launched on December 3, 2024, with a maximum aggregate purchase price of $869 million. The Notes will be initially guaranteed by Apache until the aggregate principal amount of indebtedness under senior notes and debentures falls below $1 billion.
APA (Nasdaq: APA) has announced plans to offer senior notes due 2035 and 2055 through a private offering. The proceeds will be used to purchase outstanding senior indebtedness from its wholly-owned subsidiary Apache , with a maximum aggregate purchase price of $869 million (including accrued interest) through cash tender offers.
The settlement date for the tender offers and concurrent exchange offers is expected to be January 10, 2025. The Notes will initially be guaranteed by Apache until the aggregate principal amount of indebtedness under senior notes and debentures falls below $1 billion. The offering is to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
APA (Nasdaq: APA) announced significant leadership changes and organizational restructuring. Clay Bretches, executive vice president of Operations, will retire on July 1, 2025, with the company conducting both internal and external searches for his replacement. The transition is expected to be completed in the first half of 2025.
Kimberly Warnica has been appointed as executive vice president and chief legal officer, effective January 13, 2025. Warnica joins from Marathon Oil , where she served as executive vice president, general counsel and secretary. She previously held leadership positions at Alta Mesa Resources, Inc. and Freeport-McMoRan Oil & Gas Company.
As part of its organizational restructuring, APA is streamlining its leadership structure, reducing officer-level positions by over 30% from 29 to 19 through planned retirements, departures, and role changes.
APA announced pricing terms for cash tender offers to purchase up to $1 billion aggregate principal amount of Apache notes. The tender offers include specific series of notes due in 2040, 2042, 2043, and 2044. The tender total consideration includes an early participation premium of $30 per $1,000 principal amount.
APA has set series caps for different notes: $700 million for 2040 Notes, $125 million for 2042 Notes, $196.043 million for 2043 Notes, and $110.002 million for 2044 Notes. Due to high tender volume, APA does not expect to accept any 2037 Notes. The settlement date is expected to be January 10, 2025.
Concurrently, APA is offering to exchange Apache Notes for new APA Notes, with any unaccepted tender offers being eligible for exchange. The offers include consent solicitations for proposed amendments to the indentures.
APA announced extended early results of its exchange offers, tender offers, and consent solicitations for Apache notes. The company increased the Series Cap for 2043 Notes to $196,043,000 and 2044 Notes to $110,002,000. As of December 20, 2024, significant portions of various note series were tendered, with participation rates ranging from 35.89% to 95.50%. The offers will expire on January 7, 2025, with settlement expected on January 10, 2025.
For notes tendered before the Extended Early Consent Date, eligible holders will receive the Exchange Total Consideration of $970 principal amount of APA Notes plus $1.00 in cash, and an additional $30 principal amount of APA Notes. Due to exceeding the Maximum Purchase Amount of $1,000,000,000, APA doesn't expect to accept tender offers made after the Extended Early Consent Date.
APA (Nasdaq: APA) announced early results of its private exchange offers, tender offers, and consent solicitations for Apache notes. The company extended the Early Consent Date to December 20, 2024, with offers expiring on January 7, 2025, and settlement expected on January 10, 2025.
The exchange offers allow eligible holders to exchange Apache notes for new APA notes, while tender offers propose to purchase up to $1 billion aggregate principal amount of certain Apache notes for cash. As of December 16, 2024, significant portions of various note series were tendered, with the 2049 Notes showing the highest participation at 71.96% and the 2040 Notes at 68.06%.
APA waived the Requisite Consents condition for certain offers and announced that Apache will guarantee the new APA Notes on terms similar to APA's 2022 syndicated credit facilities. The company will hold an investor call on December 17, 2024, to discuss the offers' terms.
APA (Nasdaq: APA) has announced that its board of directors has declared a regular cash dividend of 25 cents per share on the company's common stock. The dividend will be paid on February 21, 2025, to shareholders who are recorded as stockholders as of January 22, 2025.
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