APA Corporation Provides Third-Quarter 2024 Supplemental Information and Schedules Results Conference Call for November 7 at 10 a.m. Central Time
APA has released supplemental information for its third-quarter 2024 financial and operational results. Key highlights include:
- Estimated average realized prices for oil, NGL, and natural gas in the US and internationally
- Egypt tax barrels at 35 MBoe/d
- Realized gain on commodity derivatives of $3 million
- Dry hole costs between $10-$15 million
- Net gain on oil and gas purchases and sales of $178 million
- General and Administrative Expense of $100 million
APA curtailed approximately 103 MMcf/d of U.S. natural gas production and 10,000 barrels per day of natural gas liquids due to weak Waha hub prices. The company also announced a $950 million divestiture of non-core Permian Basin assets. APA repurchased 0.1 million shares at an average price of $29.32 per share during Q3. The company will host its Q3 2024 earnings call on November 7 at 10 a.m. Central time.
APA ha rilasciato informazioni supplementari sui risultati finanziari e operativi del terzo trimestre 2024. I punti salienti includono:
- Prezzi medi realizzati stimati per petrolio, NGL e gas naturale negli Stati Uniti e a livello internazionale
- Barili fiscali in Egitto a 35 MBoe/d
- Guadagno realizzato su derivati delle materie prime di 3 milioni di dollari
- Costi per pozzi asciutti tra 10 e 15 milioni di dollari
- Guadagno netto su acquisti e vendite di petrolio e gas di 178 milioni di dollari
- Spese generali e amministrative di 100 milioni di dollari
APA ha ridotto circa 103 MMcf/d di produzione di gas naturale negli Stati Uniti e 10.000 barili al giorno di liquidi di gas naturale a causa dei prezzi deboli del centro Waha. L'azienda ha anche annunciato una vendita di 950 milioni di dollari di asset non core nel bacino del Permian. Durante il terzo trimestre, APA ha riacquistato 0,1 milioni di azioni a un prezzo medio di 29,32 dollari per azione. L'azienda ospiterà la sua chiamata sugli utili del terzo trimestre 2024 il 7 novembre alle 10:00 ora centrale.
APA ha publicado información suplementaria sobre sus resultados financieros y operativos del tercer trimestre de 2024. Los aspectos destacados incluyen:
- Precios promedio realizados estimados para el petróleo, líquidos de gas natural (NGL) y gas natural en EE.UU. e internacionalmente
- Bariles fiscales en Egipto de 35 MBoe/d
- Ganancia realizada en derivados de materias primas de 3 millones de dólares
- Costos de pozos secos entre 10 y 15 millones de dólares
- Ganancia neta en compras y ventas de petróleo y gas de 178 millones de dólares
- Gastos generales y administrativos de 100 millones de dólares
APA redujo aproximadamente 103 MMcf/d de producción de gas natural en EE.UU. y 10,000 barriles por día de líquidos de gas natural debido a los precios débiles en el hub de Waha. La compañía también anunció una desinversión de 950 millones de dólares en activos no centrales de la cuenca de Permian. Durante el tercer trimestre, APA recompró 0,1 millones de acciones a un precio promedio de 29,32 dólares por acción. La compañía llevará a cabo su llamada de resultados del tercer trimestre de 2024 el 7 de noviembre a las 10 a.m. hora central.
APA는 2024년 3분기 재무 및 운영 결과에 대한 보충 정보를 발표했습니다. 주요 하이라이트는 다음과 같습니다:
- 미국 및 국제적으로 원유, NGL 및 천연가스의 예상 평균 실현 가격
- 이집트 세금 배럴은 35 MBoe/d
- 상품 파생상품에서 300만 달러의 실현 이익
- 건조 우물 비용은 1,000만 달러에서 1,500만 달러 사이
- 석유 및 가스 구매 및 판매에 대한 순이익은 1억 7,800만 달러
- 일반 및 관리 비용은 1억 달러
APA는 약 103 MMcf/d의 미국 천연 가스 생산량과 Waha 허브 가격 약세로 인해 하루 10,000 배럴의 천연가스 액체를 줄였습니다. 또한 회사는 비핵심 Permian Basin 자산을 9억 5천만 달러에 매각한다고 발표했습니다. 3분기 동안 APA는 주당 평균 29.32달러에 10만 주를 재구매했습니다. 회사는 11월 7일 오전 10시에 2024년 3분기 실적 발표 전화를 실시할 예정입니다.
APA a publié des informations complémentaires sur ses résultats financiers et opérationnels pour le troisième trimestre 2024. Les points clés incluent :
- Prix moyens réalisés estimés pour le pétrole, les liquides de gaz naturel (NGL) et le gaz naturel aux États-Unis et à l'international
- Barils fiscaux d'Égypte à 35 MBoe/d
- Bénéfice réalisé sur les dérivés de marchandises de 3 millions de dollars
- Coûts de puits secs entre 10 et 15 millions de dollars
- Bénéfice net sur les achats et ventes de pétrole et de gaz de 178 millions de dollars
- Dépenses générales et administratives de 100 millions de dollars
APA a réduit d'environ 103 MMcf/d sa production de gaz naturel aux États-Unis et de 10 000 barils par jour de liquides de gaz naturel en raison de faibles prix au hub de Waha. L'entreprise a également annoncé une cession de 950 millions de dollars d'actifs non stratégiques dans le bassin de Permian. APA a racheté 0,1 million d'actions à un prix moyen de 29,32 dollars par action au cours du troisième trimestre. L'entreprise organisera sa conférence sur les résultats du troisième trimestre 2024 le 7 novembre à 10 heures, heure centrale.
APA hat ergänzende Informationen zu ihren finanziellen und operativen Ergebnissen des dritten Quartals 2024 veröffentlicht. Wichtige Highlights sind:
- Geschätzte durchschnittliche realisierte Preise für Öl, NGL und Erdgas in den USA und international
- Ägyptische Steuerfässer bei 35 MBoe/d
- Realisierten Gewinn aus Rohstoffderivaten von 3 Millionen Dollar
- Kosten für trockene Bohrungen zwischen 10 und 15 Millionen Dollar
- Netto Gewinn aus Kauf und Verkauf von Öl und Gas von 178 Millionen Dollar
- Allgemeine und Verwaltungskosten von 100 Millionen Dollar
APA hat die Produktion von Naturgas in den USA um etwa 103 MMcf/d und von 10.000 Barrel pro Tag von Erdgasflüssigkeiten reduziert, aufgrund schwacher Preise im Waha-Hub. Das Unternehmen gab außerdem eine Veräußering von 950 Millionen Dollar für nicht zum Kerngeschäft gehörende Vermögenswerte im Permian-Basin bekannt. Im dritten Quartal hat APA 100.000 Aktien zu einem Durchschnittspreis von 29,32 Dollar pro Aktie zurückgekauft. Das Unternehmen wird am 7. November um 10 Uhr Central Time seinen Gewinnaufruf für das dritte Quartal 2024 veranstalten.
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HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-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 third-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 third-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 third-quarter 2024.
| Estimated Average Realized Prices – 3Q24 | ||||||
| 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): Includes gain on natural gas purchased and sold to Cheniere. | |
| General and Administrative Expense: |
Production update
APA curtailed approximately 103 MMcf/d of U.S. natural gas production in the third quarter in response to weak or negative Waha hub prices. APA also curtailed an estimated 10,000 barrels per day of natural gas liquids during the quarter, which were mostly associated with the voluntary gas curtailments. Previous third quarter guidance issued in July contemplated curtailments of ~90 MMcf/d of natural gas and ~7,500 barrels per day of NGLs.
Asset sales update
In September, APA announced an agreement to divest non-core assets in the Permian Basin for
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the third quarter is 370 million, compared with a weighted average of 371 million shares in the second-quarter 2024. APA repurchased 0.1 million shares at an average price of
Third-quarter 2024 earnings call
APA will host a conference call to discuss its third-quarter 2024 results at 10 a.m. Central time, Thursday, November 7. 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 | Gary Clark |
| Media: | (713) 296-7276 | Alexandra Franceschi |
| Website: | www.apacorp.com |
APA-F
FAQ
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