Welcome to our dedicated page for APA (US) news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA (US) stock.
APA Corporation (NASDAQ: APA) is an upstream oil and natural gas company whose news flow reflects its role in the crude petroleum and natural gas extraction industry. The company regularly issues press releases and SEC filings that cover exploration and production activities, regional developments and financial performance across its portfolio.
According to APA, its subsidiaries explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom, and explore for oil and natural gas offshore Suriname and elsewhere. News about APA often highlights operational updates in these regions, including realized prices by area, production curtailments in response to regional price conditions and payments related to its longstanding partnership with the Egyptian General Petroleum Corporation.
Investors following APA news can expect updates on quarterly financial and operating results, supplemental information on realized prices and regional metrics, and announcements of regular cash dividends on common shares. The company also reports on governance developments, such as the appointment of a new vice president, Chief Accounting Officer and Controller, along with details of that role’s responsibilities and compensation structure as disclosed in Form 8-K filings.
APA’s subsidiary Apache Corporation contributes additional news related to environmental and community initiatives, including the Apache Tree Grant Program, which donates trees to nonprofit organizations and government agencies in the company’s operational areas. These stories provide context on how APA associates its upstream business with environmental stewardship and community engagement.
This news page aggregates APA-related press releases, regulatory disclosures and other coverage so readers can review the company’s latest announcements on operations, regional developments, dividends, governance changes and community programs in one place.
Kinetik Holdings reported a strong financial performance for the full year 2022, with net income of $250.7 million and Pro Forma Adjusted EBITDA of $822.2 million. For Q4 2022, net income was $48.5 million and Pro Forma Adjusted EBITDA reached $211.1 million. Kinetik issued guidance for 2023 Adjusted EBITDA between $800 million and $860 million, projecting a 15% increase in processed gas volumes. The company announced a $100 million share repurchase program and is expanding its operations into Lea County, New Mexico, underpinned by a long-term gathering agreement. Capital expenditures for 2023 are estimated at $490 million to $540 million.
APA Corporation (Nasdaq: APA) has reported its fourth-quarter and full-year 2022 financial results. Details of these results are accessible on the company's website. A conference call is scheduled for February 23 at 10 a.m. Central time to discuss these outcomes. The call will also be available for replay for one year. APA Corporation specializes in exploring and producing oil and natural gas across various regions, including the United States, Egypt, the United Kingdom, Suriname, and the Dominican Republic. For further information, visit their official site.
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APA Corporation (Nasdaq: APA) announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, located 4.6 kilometers south of the SPS-1 well. SPS-2 encountered approximately 36 meters of net oil pay in a high-quality reservoir, indicating over 200 million barrels of incremental connected resource in place. CEO John J. Christmann IV emphasized that these results align with pre-drill expectations and bolster potential development. Rig activity continues with two appraisal wells being drilled at the Krabdagu discovery, with Krabdagu-2 currently underway and Krabdagu-3 expected to spud in February.
The board of directors of APA Corporation (Nasdaq: APA) has announced a regular cash dividend of 25 cents per share on its common stock. This dividend is scheduled for payment on May 22, 2023, to shareholders recorded on April 21, 2023. APA Corporation is engaged in the exploration and production of oil and natural gas across several regions including the United States, Egypt, the United Kingdom, Suriname, and the Dominican Republic. For more information, visit www.apacorp.com.
APA Corporation (Nasdaq: APA) provided updates on its fourth-quarter 2022 financial results. Key highlights include an estimated average realized oil price of $84.00 per barrel in the U.S. and $88.00 internationally. The company reported a realized loss of $23 million on commodity derivatives and dry hole costs estimated between $75 million and $85 million. However, there were net gains of $75 million on oil and gas purchases. APA repurchased 12.1 million shares at an average price of $44.40, with a weighted average of 324 million shares outstanding. A conference call to discuss further details is scheduled for February 23, 2023.
APA Corporation (Nasdaq: APA) has declared a regular cash dividend of 25 cents per share on its common stock. This dividend is payable on February 22, 2023, to shareholders recorded as of January 23, 2023. The company focuses on the exploration and production of oil and natural gas in the U.S., Egypt, and the U.K., and also explores offshore Suriname and in the Dominican Republic. For further details on operational updates and investor information, visit www.apacorp.com.
APA Corporation (Nasdaq: APA) updated its exploration activities in Block 58 offshore Suriname, where it holds a 50% interest alongside TotalEnergies. Drilling concluded at the Awari exploration prospect, which was deemed noncommercial. The company will commence flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, with results expected next month. SPS-2 is located 4.6 kilometers from Sapakara South-1. APA continues to explore oil and natural gas across several regions, including the US, Egypt, and the UK.
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Kinetik Holdings reported a strong third quarter for 2022, achieving a net income of $49.4 million and an Adjusted EBITDA of $212.4 million. The company processed a record 1.2 Bcf/d of natural gas. Kinetik has reaffirmed its 2022 guidance for Pro Forma Adjusted EBITDA of $820 to $840 million and capital expenditures of $280 to $300 million. The acquisition of the Brandywine NGL pipeline enhances Kinetik's system. Kinetik declared a quarterly dividend of $0.75 per share, with a significant number of shares reinvested.
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