APA Corporation - APA STOCK NEWS

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.

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.

APA Corporation (Nasdaq: APA) announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, located 4.6 kilometers south of the SPS-1 well. SPS-2 encountered approximately 36 meters of net oil pay in a high-quality reservoir, indicating over 200 million barrels of incremental connected resource in place. CEO John J. Christmann IV emphasized that these results align with pre-drill expectations and bolster potential development. Rig activity continues with two appraisal wells being drilled at the Krabdagu discovery, with Krabdagu-2 currently underway and Krabdagu-3 expected to spud in February.

The board of directors of APA Corporation (Nasdaq: APA) has announced a regular cash dividend of 25 cents per share on its common stock. This dividend is scheduled for payment on May 22, 2023, to shareholders recorded on April 21, 2023. APA Corporation is engaged in the exploration and production of oil and natural gas across several regions including the United States, Egypt, the United Kingdom, Suriname, and the Dominican Republic. For more information, visit www.apacorp.com.

APA Corporation (Nasdaq: APA) provided updates on its fourth-quarter 2022 financial results. Key highlights include an estimated average realized oil price of $84.00 per barrel in the U.S. and $88.00 internationally. The company reported a realized loss of $23 million on commodity derivatives and dry hole costs estimated between $75 million and $85 million. However, there were net gains of $75 million on oil and gas purchases. APA repurchased 12.1 million shares at an average price of $44.40, with a weighted average of 324 million shares outstanding. A conference call to discuss further details is scheduled for February 23, 2023.

APA Corporation (Nasdaq: APA) has declared a regular cash dividend of 25 cents per share on its common stock. This dividend is payable on February 22, 2023, to shareholders recorded as of January 23, 2023. The company focuses on the exploration and production of oil and natural gas in the U.S., Egypt, and the U.K., and also explores offshore Suriname and in the Dominican Republic. For further details on operational updates and investor information, visit www.apacorp.com.

APA Corporation (Nasdaq: APA) updated its exploration activities in Block 58 offshore Suriname, where it holds a 50% interest alongside TotalEnergies. Drilling concluded at the Awari exploration prospect, which was deemed noncommercial. The company will commence flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, with results expected next month. SPS-2 is located 4.6 kilometers from Sapakara South-1. APA continues to explore oil and natural gas across several regions, including the US, Egypt, and the UK.