APA Corporation Provides Fourth-Quarter 2024 Supplemental Information and Schedules Results Conference Call for February 27 at 10 a.m. Central Time
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 ha pubblicato informazioni supplementari per il quarto trimestre del 2024, evidenziando i principali indicatori finanziari e operativi. I prezzi medi realizzati negli Stati Uniti erano di $70,25/barile per il petrolio, $24,50/barile per i liquidi di gas naturale (NGL) e $1,00/Mcf per il gas naturale. I prezzi internazionali erano più elevati, a $74,75/barile per il petrolio, $50,50/barile per gli NGL, e $4,00/Mcf per il gas naturale.
La società ha riportato barili tassati in Egitto a 35 MBoe/giorno e ha limitato circa 23,5 MBoe/giorno in risposta ai deboli prezzi del hub Waha, leggermente superiori alla guida di novembre di 22 MBoe/giorno. Gli elementi finanziari significativi includono un guadagno realizzato di $1 milione su derivati commodities, $30 milioni in costi per pozzi non produttivi, e un guadagno netto di $140 milioni sugli acquisti e vendite di petrolio e gas.
APA ha completato il divestimento di attivi non core nel Bacino Permiano precedentemente annunciato il 31 dicembre 2024, ricevendo proventi netti di circa $774 milioni dopo rettifiche. Durante il quarto trimestre, la società ha riacquistato 4,6 milioni di azioni a un prezzo medio di $21,90 per azione, con un numero medio ponderato delle azioni ordinarie stimato a 369 milioni.
APA ha publicado información suplementaria para el cuarto trimestre de 2024, destacando los principales indicadores financieros y operativos. Los precios promedio realizados en EE. UU. fueron de $70.25/bbl para el petróleo, $24.50/bbl para NGL y $1.00/Mcf para gas natural. Los precios internacionales fueron más altos, alcanzando $74.75/bbl para el petróleo, $50.50/bbl para NGL y $4.00/Mcf para gas natural.
La compañía reportó barriles fiscales de Egipto a 35 MBoe/día y redujo aproximadamente 23.5 MBoe/día en respuesta a los débiles precios del hub Waha, ligeramente por encima de la guía de noviembre de 22 MBoe/día. Entre los elementos financieros notables se incluyen una ganancia realizada de $1 millón en derivadas de materias primas, $30 millones en costos por pozos secos y una ganancia neta de $140 millones en compras y ventas de petróleo y gas.
APA completó el desinversión de activos no centrales en la Cuenca Permiana previamente anunciada el 31 de diciembre de 2024, recibiendo ingresos netos de aproximadamente $774 millones tras ajustes. Durante el cuarto trimestre, la empresa recompró 4.6 millones de acciones a un precio promedio de $21.90 por acción, con un número de acciones ordinarias ponderadas estimado en 369 millones.
APA는 2024년 4분기에 대한 보충 정보를 발표하며 주요 재무 및 운영 지표를 강조했습니다. 미국의 평균 실현 가격은 원유 $70.25/barrel, NGL $24.50/barrel, 천연가스 $1.00/Mcf였습니다. 국제 가격은 원유 $74.75/barrel, NGL $50.50/barrel, 천연가스 $4.00/Mcf로 더 높았습니다.
회사는 이집트 세금 배럴을 하루 35 MBoe로 보고하며, 약 23.5 MBoe를 약한 Waha 허브 가격에 대응하여 축소했으며, 이는 11월 지침인 22 MBoe보다 약간 높습니다. 주목할 만한 재무 항목으로는 상품 파생상품에서 $1백만의 실현된 이익, 유휴 구멍 비용으로 $30백만, 석유 및 가스 구매 및 판매에서 $140백만의 순이익이 포함됩니다.
APA는 2024년 12월 31일에 Permian 분지 비핵심 자산 매각을 완료하며 조정 후 약 $774백만의 순수익을 얻었습니다. 4분기 동안 회사는 평균 $21.90의 주가로 460만 주를 재매입했으며, 가중 평균 보통주 수는 3억 6900만 주로 추정됩니다.
APA a publié des informations complémentaires pour le quatrième trimestre 2024, mettant en avant les principales mesures financières et opérationnelles. Les prix réalisés moyens aux États-Unis étaient de 70,25 $/baril pour le pétrole, 24,50 $/baril pour les NGL et 1,00 $/Mcf pour le gaz naturel. Les prix internationaux étaient plus élevés à 74,75 $/baril pour le pétrole, 50,50 $/baril pour les NGL et 4,00 $/Mcf pour le gaz naturel.
L'entreprise a rapporté barils de taxes en Égypte à 35 MBoe/jour et a réduit d'environ 23,5 MBoe/jour en réponse aux prix faibles du hub Waha, légèrement au-dessus de l'orientation de novembre de 22 MBoe/jour. Les éléments financiers notables incluent un gain réalisé de 1 million de dollars sur les dérivés de matières premières, 30 millions de dollars en coûts de puits secs, et un gain net de 140 millions de dollars sur les achats et ventes de pétrole et de gaz.
APA a achevé la cesssion d'actifs non stratégiques dans le bassin permien précédemment annoncée le 31 décembre 2024, recevant des recettes nettes d'environ 774 millions de dollars après ajustements. Au cours du quatrième trimestre, la société a racheté 4,6 millions d'actions à un prix moyen de 21,90 $ par action, avec un nombre moyen pondéré d'actions ordinaires estimé à 369 millions.
APA hat ergänzende Informationen für das 4. Quartal 2024 veröffentlicht, in denen die wichtigsten finanziellen und betrieblichen Kennzahlen hervorgehoben werden. Die durchschnittlich realisierten Preise in den USA lagen bei $70,25/bbl für Öl, $24,50/bbl für NGL und $1,00/Mcf für Erdgas. Die internationalen Preise lagen höher bei $74,75/bbl für Öl, $50,50/bbl für NGL und $4,00/Mcf für Erdgas.
Das Unternehmen berichtete von Ägypten Steuerfässern mit 35 MBoe/d und beschränkte rund 23,5 MBoe/d aufgrund der schwachen Preise am Waha-Hub, was leicht über der Novemberprognose von 22 MBoe/d liegt. Bedeutende Finanzposten umfassen einen realisierten Gewinn von $1 Million aus Rohstoffderivaten, $30 Millionen an Kosten für trockene Bohrungen und einen Nettogewinn von $140 Millionen aus dem Kauf und Verkauf von Öl und Gas.
APA hat die zuvor angekündigte Veräußerung von nicht zum Kernbereich gehörenden Vermögenswerten im Permian Basin am 31. Dezember 2024 abgeschlossen und erhielt nach Anpassungen Nettomittel in Höhe von etwa $774 Millionen. Im 4. Quartal hat das Unternehmen 4,6 Millionen Aktien zu einem durchschnittlichen Preis von $21,90 pro Aktie zurückgekauft, wobei die gewichtete durchschnittliche Anzahl der ausstehenden Stammaktien auf 369 Millionen geschätzt wird.
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HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain fourth-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the fourth-quarter 2024. 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 fourth-quarter 2024 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 fourth-quarter 2024.
| Estimated Average Realized Prices – 4Q24 | ||||||
| Oil (bbl) | NGL (bbl) | Natural Gas (Mcf) | ||||
| United States | ||||||
| International | ||||||
| Egypt tax barrels: | 35 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 23.5 MBoe/d in the fourth quarter in response to weak or negative Waha hub prices. Fourth-quarter 2024 guidance issued in November contemplated curtailments of 22 MBoe/d.
Asset sale update
In September, APA announced an agreement to divest non-core assets in the Permian Basin. This divestiture closed on Dec. 31, 2024. After a deposit of
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the fourth quarter is 369 million, compared with a weighted average of 370 million shares in the third-quarter 2024. APA repurchased 4.6 million shares at an average price of
Fourth-quarter 2024 earnings call
APA will host a conference call to discuss its fourth-quarter 2024 results at 10 a.m. Central time, Thursday, February 27. 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, 2023, 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 | Ben Rodgers |
| Media: | (713) 296-7276 | Alexandra Franceschi |
| Website: | www.apacorp.com | |
APA-F
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