APA Corporation

Latest Results (16.11.2025):

APA Corporation reported robust financial and operational performance for the third quarter of 2025, showcasing solid earnings, improved production metrics, disciplined cost management, and significant debt reduction. The company’s results demonstrated its ability to exceed production guidance and accelerate cost savings initiatives, setting a positive tone for the future.

Earnings and Cash Flow

APA Corporation achieved a net income attributable to common stock of $205 million, or $0.57 per diluted share, alongside adjusted earnings of $332 million (or $0.93 per diluted share). Additionally, net cash provided by operating activities reached $1.5 billion and adjusted EBITDAX was $1.3 billion.

Production Performance

The third-quarter reported production was 464,000 BOE per day, with adjusted production at 387,000 BOE per day and strong U.S. oil production of 121,000 barrels per day. Production in Egypt also outperformed expectations, underlining effective operational execution across regions.

Cost Reduction and Savings

APA Corporation accelerated its cost reduction initiatives with a target of achieving $350 million in run-rate controllable spend savings by the end of 2025—two years ahead of initial expectations—and anticipates an additional $50 million to $100 million in savings by the end of 2026, reflecting a strong commitment to operational efficiency.

Balance Sheet Improvement

The company reduced its net debt by approximately $430 million during the third quarter, contributing to a cumulative reduction of nearly $2.3 billion since the third quarter of 2024. Alongside this, APA returned $154 million to shareholders through dividends and share repurchases.

Fourth-Quarter Outlook

Looking ahead, APA Corporation raised its U.S. oil production guidance to 123,000 barrels per day and increased Egypt natural gas production guidance, with an anticipated fourth-quarter upstream capital investment of approximately $440 million, signaling continued operational strength.