APA Corp (US) Stock Price, News & Analysis

APA Corporation (Nasdaq: APA) has announced the promotion of Aneil Kochar to the position of vice president and treasurer, effective May 22, 2025. In his new role, Kochar will lead APA's Treasury department, overseeing global capital structure analysis, financing strategies, risk insurance, banking policies, and cash management. He succeeds Ben C. Rodgers, who was recently promoted to CFO.

Kochar brings significant financial experience in oil and gas, having served as APA's assistant treasurer since 2022 and director of Finance since 2020. His prior experience includes roles as VP Finance and treasurer at Chisholm Oil and Gas, investment professional at EIG Global Energy Partners, and energy investment banking at Morgan Stanley. He holds accounting degrees from the University of Texas at Austin.

APA Corporation (Nasdaq: APA) has announced its board of directors has declared a regular cash dividend of $0.25 per share on the company's common stock. The dividend will be paid on August 22, 2025, to shareholders who are recorded as stockholders as of July 22, 2025. This dividend declaration represents the company's commitment to returning value to its shareholders through regular cash distributions.

Apache Corporation (Nasdaq: APA) has opened applications for its 2025-2026 Tree Grant Program in the United States. The program, which has donated over 5 million trees since 2005, is available to nonprofit organizations and government agencies in Texas and Louisiana. Last season, Apache donated 134,000 trees to 52 nonprofit partners. Recipients must request a minimum of 50 one-gallon to five-gallon trees per project or 1,000 bareroot seedlings, receive them in a single delivery, and maintain them.

The application deadline is July 13, 2025, with grant awards announced on October 1, 2025. Trees must be planted by May 31, 2026. The program recently expanded internationally to Scotland and has partnered with organizations like Houston Wilderness for carbon mitigation efforts and Texas Parks and Wildlife Department for wildlife and parkland protection.

Kinetik Holdings (NYSE: KNTK) reported solid Q1 2025 financial results with net income of $19.3 million and Adjusted EBITDA of $250.0 million, up 7% year-over-year. The company achieved gas processed volumes of 1.80 Bcf/d, a 17% increase from the previous year. Kinetik is progressing with the construction of its 220 Mmcf/d Kings Landing Complex in New Mexico, expected to start operations in early Q3 2025. The company affirmed its 2025 guidance with Adjusted EBITDA of $1.09-1.15 billion and Capital Guidance of $450-540 million. Notably, the Board authorized an increase in the share repurchase program to $500 million. Despite macroeconomic uncertainties and lower energy commodity prices, management remains confident in the company's growth trajectory, supported by fee-based contracts and strategic positioning in the Permian Basin.

APA Corporation (Nasdaq: APA) has announced its financial and operational results for the first quarter of 2025. The company has made the detailed results available on their corporate website at www.apacorp.com and investor.apacorp.com. A conference call is scheduled for May 8 at 10 a.m. Central time to discuss these results, with a webcast link available on the company website. The call recording will be accessible for one year on the company's "Investors" page.

Permian Resources (NYSE: PR) reported strong Q1 2025 results with record adjusted free cash flow of $460 million. The company achieved crude oil production of 175.0 MBbls/d and total production of 373.2 MBoe/d. PR announced a strategic $608 million acquisition of Northern Delaware Basin assets, including 13,320 net acres and 8,700 net royalty acres, expected to add ~12 MBoe/d production. The company reduced its 2025 capital budget mid-point by $50 million to $1.95 billion while maintaining production guidance. Financial highlights include reduced drilling costs to $750 per foot, strong balance sheet with 0.8x leverage, and $3.2 billion in liquidity. PR declared a base dividend of $0.15 per share (5.0% yield) and repurchased 4.1 million shares at $10.52 per share. The company maintains a strong hedging position with 25% of oil production hedged, positioning it well for market volatility.

Kinetik Holdings has announced the upcoming retirement of Anne Psencik, Chief Strategy Officer, effective June 30, 2025. Psencik will maintain her current responsibilities until her retirement date and will transition to a consulting role afterward.

During her six-year tenure, Psencik has been instrumental in managing risk and advising on commercial and investment opportunities. She has served as Chief Strategy Officer since 2019, bringing over 35 years of experience in the oil and gas industry, with expertise in:

• Midstream business development
• Trading operations
• Engineering and construction

Jamie Welch, Kinetik's President & CEO, acknowledged Psencik's valuable leadership and significant contributions to the company's long-term growth strategy.

APA and partners Lagniappe Alaska and Santos have announced successful flow test results from the Sockeye-2 exploratory well in Alaska's North Slope. The well, drilled to approximately 10,500 feet, encountered a high-quality Paleocene-aged clastic reservoir with 20% average porosity.

The vertical well, completed in a single 25-foot interval at 9,200 feet TVD without stimulation, averaged 2,700 barrels of oil per day during the final flow period of the 12-day production test, without artificial lift. APA holds a 50% working interest in the 325,411-acre exploratory block, while Lagniappe and Santos each hold 25%.

The test results indicate significantly higher reservoir quality compared to similar topset discoveries to the west, extending the Brookian topset play first established with the Pikka discovery in 2013.

Kinetik Holdings (NYSE: KNTK) has announced a quarterly cash dividend of $0.78 per share ($3.12 annualized), payable on May 2, 2025, to shareholders of record as of April 25, 2025. The company will release its first quarter 2025 earnings after market close on May 7, 2025, followed by a conference call on May 8, 2025.

The company has implemented a Dividend Reinvestment Plan (DRIP) available to all shareholders. Shareholders can register for the DRIP through Broadridge's website or by contacting Broadridge Corporate Issuers, , the Plan Administrator.