APA Corp (US) Stock Price, News & Analysis

APA Corporation (Nasdaq: APA) has announced a regular cash dividend of 12.5 cents per share on its common stock. The dividend is payable on August 22, 2022, to stockholders of record as of July 22, 2022. This initiative reflects the company's commitment to returning value to its shareholders and underscores its operational stability in the energy sector, where APA engages in oil and natural gas exploration and production in the U.S., Egypt, the U.K., and offshore Suriname.

APA Corporation (Nasdaq: APA) reported its first-quarter 2022 results on May 4, 2022. Detailed financial performance can be accessed on the company's website. A conference call will be held on May 5 at 10 a.m. Central time to discuss these results, with a replay available for one week. APA Corporation engages in the exploration and production of oil and natural gas across multiple regions, including the U.S., Egypt, the U.K., and offshore Suriname. Further updates and investor information are also available online.

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.