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APA Corporation - APA STOCK NEWS

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.

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APA Corporation appoints Scott Grandt as senior vice president of Corporate Development. Grandt will lead APA's corporate development team and oversee potential transaction opportunities.
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APA Corporation (Nasdaq: APA) announces first-quarter 2023 results. Conference call scheduled for May 4 to discuss the results.
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APA Corporation (Nasdaq: APA) released supplemental information regarding its first-quarter 2023 financial results, aimed at assisting investors with current estimates. The estimated average realized prices for oil, NGL, and natural gas in the United States are $75.00, $24.00, and $2.40 per unit, respectively. International prices are higher, with oil at $81.00 and NGL at $73.00. The company reported an average production of 41 MBoe/d from Egypt, with a realized gain on commodity derivatives of $20 million, while dry hole costs are estimated to be between $30 million and $40 million. General and administrative expenses are projected at $75 million. The weighted-average shares outstanding for Q1 2023 is estimated at 311 million, compared to 321 million in Q4 2022. A conference call to discuss these results will be held on May 4.

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APA Corporation (Nasdaq: APA) has joined the Oil and Gas Methane Partnership 2.0, a United Nations initiative aimed at reducing methane emissions in the oil and gas sector. This partnership enhances transparency and accuracy in emissions reporting. CEO John J. Christmann IV highlighted the company's commitment to a cleaner energy future and noted significant progress in reducing emissions over the past five years. Key achievements include eliminating routine flaring in U.S. operations since 2021 and a 40% reduction in flaring in Egypt in 2022. APA aims to eliminate 1 million tonnes of CO2e emissions by the end of 2024, with ongoing efforts to upgrade pneumatic devices.

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Kinetik Holdings reported a strong financial performance for the full year 2022, with net income of $250.7 million and Pro Forma Adjusted EBITDA of $822.2 million. For Q4 2022, net income was $48.5 million and Pro Forma Adjusted EBITDA reached $211.1 million. Kinetik issued guidance for 2023 Adjusted EBITDA between $800 million and $860 million, projecting a 15% increase in processed gas volumes. The company announced a $100 million share repurchase program and is expanding its operations into Lea County, New Mexico, underpinned by a long-term gathering agreement. Capital expenditures for 2023 are estimated at $490 million to $540 million.

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APA Corporation (Nasdaq: APA) has reported its fourth-quarter and full-year 2022 financial results. Details of these results are accessible on the company's website. A conference call is scheduled for February 23 at 10 a.m. Central time to discuss these outcomes. The call will also be available for replay for one year. APA Corporation specializes in exploring and producing oil and natural gas across various regions, including the United States, Egypt, the United Kingdom, Suriname, and the Dominican Republic. For further information, visit their official site.

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FAQ

What is the current stock price of APA Corporation (APA)?

The current stock price of APA Corporation (APA) is $21.04 as of December 20, 2024.

What is the market cap of APA Corporation (APA)?

The market cap of APA Corporation (APA) is approximately 7.8B.

What does APA Corporation do?

APA Corporation explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates in the United States, Egypt, the North Sea, and Suriname.

What are APA Corporation's core areas of operation?

APA Corporation operates primarily in the United States, Egypt, the North Sea, and Suriname.

What was APA Corporation's production capacity at the end of 2023?

As of year-end 2023, APA Corporation's net daily production was 405 thousand barrels of oil equivalent, with the majority being oil and natural gas liquids.

How has APA Corporation enhanced its operations recently?

APA recently acquired Callon Petroleum Company, enhancing its presence in the Delaware Basin and increasing its production capacity and operational efficiencies.

What sustainability initiatives does APA Corporation have?

APA Corporation runs the Apache Corporation Tree Grant Program, which has donated over 5 million trees to support large-scale conservation projects and enhance public greenspaces.

Who are the recent additions to APA Corporation's board?

The recent additions to APA's board are Matthew Bob and Anya Weaving, who bring extensive experience in the oil and gas sector.

What is APA Corporation's financial strategy?

APA Corporation actively manages its portfolio, selling non-core assets to generate proceeds for debt reduction and solidifying its financial standing.

How can investors stay updated with APA Corporation's latest news?

Investors can stay updated through APA’s official website, which posts announcements, financial results, and operational updates.

What was the impact of the Callon Petroleum acquisition on APA's daily production?

The acquisition of Callon Petroleum increased APA’s daily production to approximately 500,000 barrels of oil equivalent per day.

Where can I find more information about APA Corporation?

More information can be found on APA Corporation's official website at www.apacorp.com.

APA Corporation

Nasdaq:APA

APA Rankings

APA Stock Data

7.80B
368.34M
0.41%
86.47%
5.14%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
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