APA Corp (US) Stock Price, News & Analysis

Apache Corporation, a subsidiary of APA Corporation (NASDAQ: APA), has chosen OneStream Software to enhance its financial operations through a unified corporate performance management platform. This partnership aims to streamline financial close, consolidation, cash flow, and reporting processes. Marcy Green, Director of Financial Reporting, emphasized OneStream's capability to modernize Apache's complex financial tasks, promising better decision-making and transparency across operations.

APA Corporation (Nasdaq: APA) released supplemental information regarding its first-quarter 2022 financial results, providing crucial estimates for analysts. The company reported estimated average realized prices of $96.00 per barrel for oil in the U.S. and $103.00 internationally. Production guidance was adjusted to 111 Mboe/d due to higher oil prices and maintenance downtime, while U.S. production is expected to be 211 Mboe/d. Notably, the company repurchased 7.2 million shares at an average price of $36.07, reducing average shares outstanding to 346 million. A conference call is scheduled for May 5, 2022.

Apache Corporation has modified its cash tender offers, increasing the maximum purchase amount from $500 million to $1.1 billion. The offers, which expired on March 18, 2022, allow for the purchase of outstanding notes. A total of $1,083.37 million in principal amount of notes were tendered and accepted, amounting to a purchase price of approximately $1.137 billion. Settlement for the accepted notes is anticipated on March 21, 2022, with additional settlements for guaranteed delivery on March 23, 2022.

APA Corporation (Nasdaq: APA) announced the closure of two significant transactions, generating approximately $1 billion in net proceeds. The first transaction involved the sale of a Delaware Basin mineral package for about $805 million, which includes non-operated properties with a production rate of approximately 7,000 barrels of oil equivalent per day. The second transaction was the sale of 4 million shares of Kinetik common stock for approximately $224 million. The company plans to allocate a portion of these proceeds for debt reduction and future drilling investments.

Apache Corporation has launched cash tender offers to purchase up to $500 million of its outstanding notes, establishing a Maximum Purchase Amount. The offers are set to expire on March 18, 2022, unless extended. The acceptance and purchase of notes will follow specified Acceptance Priority Levels. The principal amounts outstanding for various notes range from $235 million to $702 million, with purchase prices from $1,042.50 to $1,205.00 per $1,000 principal amount. Settlement for accepted notes is expected on March 21, 2022.

Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has expanded its partnership with LongPath Technologies for methane emissions monitoring in the Permian Basin. This initiative focuses on real-time monitoring to mitigate greenhouse gas emissions. The technology, adopted in Fall 2021, has effectively reduced emissions at multiple sites. With this expansion, approximately 60 Apache facilities will benefit from LongPath's innovative monitoring solutions, enhancing efficient emissions management and supporting sustainability goals.

APA Corporation (Nasdaq: APA) has appointed Dave Stover to its board of directors, where he will also serve on the Audit Committee. Stover brings over 40 years of experience in the oil and gas industry, including leadership roles at Noble Energy, where he served as Chairman and CEO until 2020. His extensive background includes key positions at BP and Vastar Resources. The board expressed confidence that Stover's expertise will enhance APA's mission to generate long-term value for shareholders.

APA Corporation (Nasdaq: APA) disclosed its financial results for the fourth quarter and full year 2021. The results detail the company's performance in oil and natural gas exploration and production across various regions, including the United States, Egypt, and the UK. A conference call to discuss these results is scheduled for February 22 at 10 a.m. Central time, accessible via webcast and telephone replay. For further information, stakeholders can visit the company's website, where additional updates and investor-related topics are also posted.