APA Corporation Provides First-Quarter 2025 Supplemental Information and Schedules Results Conference Call for May 8 at 10 a.m. Central Time
APA has released supplemental information for Q1 2025, revealing key financial and operational metrics. The company's average realized prices showed variations between U.S. and international operations, with U.S. oil at $72.40/bbl and international at $75.10/bbl. Natural gas prices were notably different, with U.S. at $2.00/Mcf and international at $4.15/Mcf.
During Q1, APA curtailed approximately 8 MMcf/d of U.S. natural gas production and 500 barrels per day of natural gas liquids due to weak Waha hub prices. The company reported Egypt tax barrels at 32-33 MBoe/d and a net gain of $120 million on oil and gas purchases and sales. General and administrative expenses stood at $115 million.
Notable shareholder activity included the repurchase of 4.4 million shares at an average price of $22.87, bringing the weighted-average basic common shares to 364 million for Q1 2025, down from 369 million in Q4 2024. The company will discuss detailed results in a conference call scheduled for May 8 at 10 a.m. Central time.
APA ha rilasciato informazioni supplementari per il primo trimestre del 2025, rivelando metriche finanziarie e operative chiave. I prezzi medi realizzati dall'azienda hanno mostrato variazioni tra le operazioni statunitensi e internazionali, con il prezzo del petrolio negli Stati Uniti a $72.40/bbl e quello internazionale a $75.10/bbl. I prezzi del gas naturale erano notevolmente diversi, con quelli statunitensi a $2.00/Mcf e quelli internazionali a $4.15/Mcf.
Durante il primo trimestre, APA ha ridotto di circa 8 MMcf/d la produzione di gas naturale negli Stati Uniti e 500 barili al giorno di liquidi di gas naturale a causa dei deboli prezzi del hub Waha. L'azienda ha riportato barili tassati in Egitto a 32-33 MBoe/d e un guadagno netto di $120 milioni su acquisti e vendite di petrolio e gas. Le spese generali e amministrative si sono attestate a $115 milioni.
Un'attività significativa degli azionisti ha incluso il riacquisto di 4.4 milioni di azioni a un prezzo medio di $22.87, portando il numero medio ponderato delle azioni ordinarie a 364 milioni per il primo trimestre del 2025, in calo rispetto ai 369 milioni del quarto trimestre del 2024. L'azienda discuterà i risultati dettagliati in una conferenza telefonica programmata per il 8 maggio alle 10:00 ora centrale.
APA ha publicado información complementaria para el primer trimestre de 2025, revelando métricas financieras y operativas clave. Los precios promedio realizados por la compañía mostraron variaciones entre las operaciones de EE. UU. e internacionales, con el petróleo de EE. UU. a $72.40/bbl y el internacional a $75.10/bbl. Los precios del gas natural fueron notablemente diferentes, con el de EE. UU. a $2.00/Mcf y el internacional a $4.15/Mcf.
Durante el primer trimestre, APA redujo aproximadamente 8 MMcf/d de producción de gas natural en EE. UU. y 500 barriles por día de líquidos de gas natural debido a los débiles precios del hub Waha. La compañía reportó barriles fiscales de Egipto a 32-33 MBoe/d y una ganancia neta de $120 millones en compras y ventas de petróleo y gas. Los gastos generales y administrativos se situaron en $115 millones.
La actividad notable de los accionistas incluyó la recompra de 4.4 millones de acciones a un precio promedio de $22.87, llevando el promedio ponderado de acciones comunes a 364 millones para el primer trimestre de 2025, en comparación con 369 millones en el cuarto trimestre de 2024. La compañía discutirá los resultados detallados en una llamada de conferencia programada para el 8 de mayo a las 10 a.m. hora central.
APA는 2025년 1분기 보충 정보를 발표하여 주요 재무 및 운영 지표를 공개했습니다. 회사의 평균 실현 가격은 미국 및 국제 운영 간에 변동을 보였으며, 미국의 원유는 $72.40/bbl, 국제는 $75.10/bbl로 나타났습니다. 천연가스 가격은 미국이 $2.00/Mcf, 국제가 $4.15/Mcf로 현저하게 달랐습니다.
1분기 동안 APA는 약 8 MMcf/d의 미국 천연가스 생산량과 500배럴의 천연가스 액체를 Waha 허브 가격의 약세로 인해 감축했습니다. 이 회사는 이집트 세금 배럴을 32-33 MBoe/d로 보고했으며, 석유 및 가스 구매 및 판매에서 1억 2천만 달러의 순이익을 기록했습니다. 일반 및 관리 비용은 1억 1천5백만 달러로 집계되었습니다.
주요 주주 활동으로는 평균 가격 $22.87에 440만 주를 재매입하여 2025년 1분기 기준 가중 평균 보통주 수를 3억 6400만 주로 줄였으며, 이는 2024년 4분기의 3억 6900만 주에서 감소한 수치입니다. 회사는 5월 8일 오전 10시 중앙 표준시로 예정된 컨퍼런스 콜에서 자세한 결과를 논의할 예정입니다.
APA a publié des informations complémentaires pour le premier trimestre 2025, révélant des indicateurs financiers et opérationnels clés. Les prix moyens réalisés par l'entreprise ont montré des variations entre les opérations américaines et internationales, avec le pétrole américain à 72,40 $/bbl et le prix international à 75,10 $/bbl. Les prix du gaz naturel étaient notablement différents, avec les États-Unis à 2,00 $/Mcf et l'international à 4,15 $/Mcf.
Au cours du premier trimestre, APA a réduit d'environ 8 MMcf/d sa production de gaz naturel aux États-Unis et 500 barils par jour de liquides de gaz naturel en raison des prix faibles du hub Waha. L'entreprise a rapporté des barils fiscaux en Égypte à 32-33 MBoe/d et un gain net de 120 millions de dollars sur les achats et ventes de pétrole et de gaz. Les frais généraux et administratifs se sont élevés à 115 millions de dollars.
L'activité notable des actionnaires a inclus le rachat de 4,4 millions d'actions à un prix moyen de 22,87 $, portant le nombre moyen pondéré d'actions ordinaires à 364 millions pour le premier trimestre 2025, en baisse par rapport à 369 millions au quatrième trimestre 2024. L'entreprise discutera des résultats détaillés lors d'une conférence téléphonique prévue le 8 mai à 10 heures, heure centrale.
APA hat ergänzende Informationen für das erste Quartal 2025 veröffentlicht, die wichtige finanzielle und operationale Kennzahlen offenbaren. Die durchschnittlichen realisierten Preise des Unternehmens wiesen Unterschiede zwischen den US-amerikanischen und internationalen Operationen auf, wobei der US-Ölpreis bei $72.40/bbl und der internationale bei $75.10/bbl lag. Die Preise für Erdgas waren bemerkenswert unterschiedlich, mit $2.00/Mcf in den USA und $4.15/Mcf international.
Im ersten Quartal reduzierte APA die Produktion von Erdgas in den USA um etwa 8 MMcf/d und 500 Barrel pro Tag von Erdgasflüssigkeiten aufgrund schwacher Preise am Waha-Hub. Das Unternehmen berichtete von Steuerbarrels in Ägypten mit 32-33 MBoe/d und einem Nettogewinn von $120 Millionen aus Käufen und Verkäufen von Öl und Gas. Die allgemeinen und administrativen Ausgaben beliefen sich auf $115 Millionen.
Bemerkenswerte Aktivitäten der Aktionäre umfassten den Rückkauf von 4,4 Millionen Aktien zu einem durchschnittlichen Preis von $22.87, was die gewichtete durchschnittliche Anzahl der Stammaktien auf 364 Millionen für das erste Quartal 2025 senkte, im Vergleich zu 369 Millionen im vierten Quartal 2024. Das Unternehmen wird die detaillierten Ergebnisse in einer für den 8. Mai um 10 Uhr zentraler Zeit geplanten Telefonkonferenz besprechen.
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HOUSTON, April 09, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain first-quarter 2025 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2025. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect first-quarter 2025 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for first-quarter 2025.
| Estimated Average Realized Prices – 1Q25 | ||||||
| Oil (bbl) | NGL (bbl) | Natural Gas (Mcf) | ||||
| United States | ||||||
| International | ||||||
| Egypt tax barrels: | 32 - 33 MBoe/d |
| Realized gain on commodity derivatives (before tax): | |
| Dry hole costs (before tax): | |
| Net gain on oil and gas purchases and sales (before tax): | |
| General and administrative expense: |
Production update
APA curtailed approximately 8 MMcf/d of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak or negative Waha hub prices. First-quarter 2025 guidance issued in February did not contemplate any curtailments.
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the first quarter is 364 million, compared with a weighted average of 369 million shares in the fourth-quarter 2024. APA repurchased 4.4 million shares at an average price of
First-quarter 2025 earnings call
APA will host a conference call to discuss its first-quarter 2025 results at 10 a.m. Central time, Thursday, May 8. The conference call will be webcast from APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.
About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2024, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
Contacts
Investor: (281) 302-2286
Media: (713) 296-7276
Website: www.apacorp.com
APA-F
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