APA Corporation provides second-quarter 2026 supplemental information and schedules results conference call for Aug. 6 at 10 a.m. Central time
Rhea-AI Summary
APA (Nasdaq: APA) released supplemental estimates for second-quarter 2026 and set its earnings call for Aug. 6 at 10 a.m. Central.
Key data include estimated realized prices, Egypt tax barrels of 36 MBoe/d, a $345 million net gain on oil and gas transactions, U.S. production curtailments, share repurchases, and $65 million in G&A expenses.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Estimated net gain on oil and gas purchases and sales of $345 million before tax
- 2.8 million shares repurchased in Q2 at an average price of $35.25
- International oil realized price estimated at $99.90 per barrel in Q2 2026
- Estimated weighted-average basic shares outstanding of 353 million in Q2 2026
Negative
- Approximately 137 MMcf/d of U.S. natural gas production curtailed in Q2 2026
- Approximately 12,300 bbl/d of U.S. NGL production curtailed in Q2 2026
- Estimated dry hole costs of $41 million before tax in Q2 2026
- Net gain figure includes a $109 million realized loss from commodity derivatives
Market reaction: APA -5.05% on 2Q26 supplemental earnings information
On the day this news was published, APA declined 5.05%, reflecting a notable negative market reaction. Argus tracked a trough of -6.0% from its starting point during tracking. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $639M from the company's valuation, bringing the market cap to $12.02B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Conferences,earnings date Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 14 | Supplemental Q1 2026 data | Neutral | -1.2% | Released Q1 2026 realized-price estimates and set May 7 earnings call. |
| Jan 20 | 4Q25 supplemental data | Neutral | +4.7% | Shared 4Q25 realized prices and set Feb 26, 2026 earnings webcast. |
| Oct 08 | 3Q25 supplemental data | Neutral | -3.8% | Provided 3Q25 estimate tables and announced Nov 6, 2025 earnings call. |
| Jul 09 | 2Q25 supplemental data | Neutral | -0.2% | Issued Q2 2025 prelims, asset sale details and August 7 call timing. |
| Apr 09 | Q1 2025 supplemental data | Neutral | +19.1% | Outlined Q1 2025 realized prices, curtailments, buybacks and call schedule. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Past APA earnings-date notices have triggered mixed, sometimes sharply opposite reactions, showing no consistent directional pattern around these supplemental updates.
Key Terms
commodity derivatives financial
mark-to-market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, July 08, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain second-quarter 2026 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second quarter of 2026. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect second-quarter 2026 results. Actual results and the impact of factors identified here may vary and are subject to finalization of the financial reporting process for the second quarter of 2026.
| Estimated Average Realized Prices – 2Q26 | |||||
| Oil (bbl) | NGL (bbl) | Natural Gas (Mcf) | |||
| United States | ( | ||||
| International | |||||
| Egypt tax barrels: | 36 MBoe/d |
| Dry hole costs (before tax): | |
| Net gain on oil and gas purchases and sales (before tax)*: |
*Includes
Production update
APA curtailed approximately 137 MMcf/d of U.S. natural gas production and 12,300 barrels per day of U.S. natural gas liquids production in the second quarter in response to weak or negative Waha hub prices.
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the second quarter are 353 million. APA repurchased 2.8 million shares at an average price of
General and administrative
During the second quarter, APA incurred general and administrative expenses totaling
Second-quarter 2026 earnings call
APA will host a conference call to discuss its second-quarter 2026 results at 10 a.m. Central time, Thursday, Aug. 6. The conference call will be webcast on APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.
About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-looking statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depends on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2025, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
| Contacts | |
| Investor: | (281) 302-2286 | ir@apachecorp.com |
| Media: | (713) 296-7276 | media@apachecorp.com |
| Website: | www.apacorp.com |
APA-F
