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.
Kinetik Holdings reported a strong third quarter for 2022, achieving a net income of $49.4 million and an Adjusted EBITDA of $212.4 million. The company processed a record 1.2 Bcf/d of natural gas. Kinetik has reaffirmed its 2022 guidance for Pro Forma Adjusted EBITDA of $820 to $840 million and capital expenditures of $280 to $300 million. The acquisition of the Brandywine NGL pipeline enhances Kinetik's system. Kinetik declared a quarterly dividend of $0.75 per share, with a significant number of shares reinvested.
APA Corporation (Nasdaq: APA) has entered a multi-year partnership with the Clean Cooking Alliance (CCA) to enhance access to clean cooking solutions globally. This initiative aims to support early-stage entrepreneurs in the clean cooking sector through technical support, funding, and networking opportunities. The program, expected to launch by Q1 2023, aligns with the United Nations Sustainable Development Goal 7, focusing on affordable and sustainable energy access. The partnership highlights APA's commitment to social investment and addressing energy poverty for 2.4 billion people reliant on non-clean cooking methods.
APA Corporation (Nasdaq: APA) announced its third-quarter 2022 financial and operational results on November 2, 2022. The detailed results are accessible on its websites. A conference call is scheduled for November 3 at 10 a.m. Central time to discuss these results, with a replay available for one year thereafter. The company operates in oil and natural gas exploration and production across the U.S., Egypt, the U.K., Suriname, and the Dominican Republic.
Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has donated over 245,000 trees to 40 nonprofit organizations through its annual Tree Grant Program.
Since 2005, the program has provided over 5 million trees to more than 900 partners across the U.S. The initiative celebrates its 5 millionth tree delivery this year, promoting environmental stewardship through various community projects.
Planting will occur between October 2022 and May 2023, enhancing habitats and beautifying communities in states like Texas, New Mexico, Louisiana, and Wyoming.
APA Corporation (Nasdaq: APA) released supplemental information on its estimated financial and operational results for Q3 2022, highlighting average realized prices for oil, NGL, and natural gas. U.S. production is expected to exceed previous guidance, while international volumes are anticipated to fall short due to North Sea production issues. The report also notes a realized loss on derivatives of $2 million and dry hole costs of $75 million. APA will discuss these results in a conference call scheduled for November 3, 2022.
APA Corporation (Nasdaq: APA) has engaged GHD, a global professional services firm, to verify and support its sustainability initiatives, particularly the goal of eliminating at least 1 million tonnes of CO2e by 2024. This collaboration enhances APA's commitment to emissions reduction, with Jessica Jackson, VP of EHS, emphasizing the importance of third-party validation. GHD's expertise will facilitate accurate emissions data reporting and the evaluation of environmental projects, addressing both emissions reduction and the need for increased energy production globally.
APA Corporation has increased its dividend from an annualized rate of 50 cents per share to $1.00 per share, reflecting a strong commitment to returning value to shareholders. The next quarterly dividend of 25 cents per share will be paid on November 22, 2022, to stockholders of record as of October 21, 2022. The company aims to return at least 60% of free cash flow through dividends and stock repurchases. Additionally, a new share repurchase authorization of 40 million shares has been approved, emphasizing continued confidence in cash flow sustainability.
APA Corporation (Nasdaq: APA) announced an oil discovery offshore Suriname at Baja-1 in Block 53, reaching a depth of 5,290 meters and encountering 34 meters of net oil pay. The preliminary analysis indicates light oil with a favorable gas-oil ratio. This marks the sixth oil discovery in the region, confirming APA's geologic model. Additionally, the company received regulatory approval for a four-year extension of the Block 53 Production Sharing Contract. Operations on the Dikkop exploration well in Block 58 concluded with water-bearing sandstones found.
APA Corporation (Nasdaq: APA) reported its second-quarter 2022 financial and operational results on August 3, 2022. The results, along with additional insights, are accessible via the company's website. A conference call is scheduled for August 4 at 10 a.m. Central time to discuss these results, with a replay available for one year post-call. APA engages in oil and natural gas exploration and production across the U.S., Egypt, U.K., Suriname, and the Dominican Republic. For further announcements and investor information, stakeholders can visit www.apacorp.com.
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