APA Corporation provides third-quarter 2026 supplemental information and schedules results conference call for Nov. 5 at 10 a.m. Central time

Third-quarter estimates include a $190 million pretax net gain on oil and gas purchases and sales and $25 million in pretax dry hole costs.

Rhea-AI Summary

APA (APA) provided preliminary third-quarter 2026 financial and operational estimates ahead of its scheduled results conference call on Nov. 5.

Estimated U.S. realized prices were $87.50 per barrel of oil, $26.00 per barrel of natural gas liquids and $1.45 per thousand cubic feet of natural gas. International estimates were $98.50, $155.00 and $5.00, respectively. APA attributed the higher international natural gas liquids price versus prior quarters primarily to low volumes and revenue-recognition timing.

Estimates included $190 million in pretax net gains on oil and gas purchases and sales, $25 million in pretax dry hole costs and Egypt tax barrels of 36 thousand barrels of oil equivalent daily. General and administrative expenses totaled approximately $115 million. Estimated weighted-average basic shares were 348 million. Results remain subject to financial-reporting finalization.

1 point · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 2 points

How the balance works

Positive

• Moderate pointOil and gas purchases and sales generated an estimated $190 million pretax net gain, including commodity derivatives. 1.2% of market cap

Negative

• Minor pointDry hole costs were estimated at $25 million before tax.
• Minor pointGeneral and administrative expenses totaled approximately $115 million, including $56 million of stock-based compensation.

Key Figures

U.S. oil realized price: $87.50/bbl U.S. NGL realized price: $26.00/bbl U.S. natural gas realized price: $1.45/Mcf +5 more

U.S. oil realized price

$87.50/bbl

Estimated 3Q26 average realized price

U.S. NGL realized price

$26.00/bbl

Estimated 3Q26 average realized price

U.S. natural gas realized price

$1.45/Mcf

Estimated 3Q26 average realized price

International oil realized price

$98.50/bbl

Estimated 3Q26 average realized price

International NGL realized price

$155.00/bbl

Estimated 3Q26 average realized price; increase primarily reflected low volumes and revenue-recognition timing

International natural gas realized price

$5.00/Mcf

Estimated 3Q26 average realized price

Net gain on oil and gas purchases and sales

$190 million

Before tax; includes $8 million realized gain from commodity derivatives

Shares repurchased

10.5 million shares at an average price of $42.78 per share

During 3Q26

Key Terms

dry hole costs, commodity derivatives, stock-based compensation

3 terms

dry hole costs technical

"Dry hole costs (before tax): | $25 million"

Costs incurred drilling and testing a well that does not find commercially producible oil or natural gas. These expenses cover items such as rig time, labor, supplies and seismic adjustments related specifically to that unsuccessful well; because the well yields no saleable hydrocarbons the money cannot be recovered from production and is treated as an exploration loss for that project. Accounting treatment varies by reporting method—under the successful-efforts method dry hole costs are typically expensed when incurred, while under the full-cost method they may be capitalized within the cost pool for the capitalized oil-and-gas asset base—so the term describes the economic outcome (an unsuccessful well) rather than a single required accounting entry.

commodity derivatives financial

"Includes $8 million realized gain from commodity derivatives"

Commodity derivatives are financial contracts whose value is tied to the price of a physical raw material—such as oil, gold, wheat or copper—and they let parties lock in or bet on future prices without necessarily owning the actual goods. For investors, they matter because they offer ways to protect profits from wild price swings (like locking the price of fuel ahead of a trip) or to gain exposure and potential returns through leverage, but they also carry higher risk and require close attention to market supply, demand and storage factors.

stock-based compensation financial

"This includes $56 million of stock-based compensation"

Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.

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HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-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 third 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 third-quarter 2026 results. Actual results and the impact of factors identified here may vary materially and are subject to finalization of the financial reporting process for the third quarter of 2026.

Estimated Average Realized Prices – 3Q26
	Oil (bbl)		NGL (bbl)		Natural Gas (Mcf)
United States	$87.50		$26.00		$1.45
International	$98.50		$155.00*		$5.00

Egypt tax barrels:	36 MBoe/d
Dry hole costs (before tax):	$25 million
Net gain on oil and gas purchases and sales (before tax)**:	$190 million

*The increase compared to prior quarters primarily reflects low volumes and the timing of revenue recognition
**Includes $8 million realized gain from commodity derivatives

Weighted-average shares outstanding

The estimated weighted-average basic common shares for the third quarter are 348 million. APA repurchased 10.5 million shares at an average price of $42.78 per share during the third quarter.

General and administrative

During the third quarter, APA incurred general and administrative expenses totaling approximately
$115 million. This includes $56 million of stock-based compensation, most of which reflects the mark-to-market impacts of APA’s share price during the quarter.

Third-quarter 2026 earnings call

APA will host a conference call to discuss its third-quarter 2026 results at 10 a.m. Central time, Thursday, Nov. 5. The conference call will be webcast from 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 our estimated third-quarter 2026 results. 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, including as a result of the completion of quarter-end closing and financial reporting procedures, final determination of realized prices, final accruals and estimates for costs and taxes, and subsequent events. 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 developments or otherwise, except as may be required by law.

Contacts
Investor:  Media: Website:	(281) 302-2286 | ir@apachecorp.com (713) 296-7276 | media@apachecorp.com www.apacorp.com

APA-F

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did APA repurchase in the third quarter of 2026?

APA repurchased 10.5 million shares at an average price of $42.78 per share during the third quarter of 2026.

What drove APA's third-quarter 2026 stock-based compensation expense?

Most of APA's $56 million stock-based compensation expense reflected mark-to-market impacts of its share price during the quarter, meaning adjustments tied to changes in that price.

How much realized commodity derivative gain was included in APA's third-quarter 2026 net gain estimate?

The estimated net gain on oil and gas purchases and sales included an $8 million realized gain from commodity derivatives.