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 reports developments from an independent oil and gas exploration and production business with consolidated subsidiaries operating in the United States, Egypt and the United Kingdom, and exploration activity offshore Suriname and elsewhere. Company news commonly covers financial and operating results, production trends, realized prices for oil, natural gas liquids and natural gas, capital spending, cost initiatives and commodity-price effects on U.S. natural gas and NGL activity.
Recurring updates also include common-stock dividends, debt and shareholder-return commentary, conference-call materials, supplemental operating data and listing matters. The company’s disclosures link operating performance to its upstream asset base, including U.S. oil activity, international production and offshore exploration programs.
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.
APA Corporation (Nasdaq: APA) has entered a multi-year partnership with the Clean Cooking Alliance (CCA) to enhance access to clean cooking solutions globally. This initiative aims to support early-stage entrepreneurs in the clean cooking sector through technical support, funding, and networking opportunities. The program, expected to launch by Q1 2023, aligns with the United Nations Sustainable Development Goal 7, focusing on affordable and sustainable energy access. The partnership highlights APA's commitment to social investment and addressing energy poverty for 2.4 billion people reliant on non-clean cooking methods.