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.
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APA Corporation reported its third-quarter 2021 financial and operational results on October 15, 2021. The company provided estimates for average realized prices: $70.00 for U.S. oil and $73.00 for international oil. NGL prices were $30.75 in the U.S. and $55.25 internationally, while natural gas was priced at $3.70 and $4.10, respectively. The company also projected Egypt tax barrels at 23-24 MBoe/d and stated a realized loss of $37 million on commodity derivatives. The third-quarter earnings call is scheduled for November 4, 2021.
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APA Corporation (Nasdaq: APA) announced that its subsidiary, Apache Corporation, has successfully ended routine flaring in its U.S. onshore operations, achieving this significant ESG goal three months ahead of schedule. This accomplishment reflects the company’s commitment to reducing its environmental impact and includes investments exceeding $850 million in new natural gas pipelines. CEO John Christmann IV emphasized the importance of responsible energy production while maintaining high environmental standards. Additionally, APA is on track to meet other ESG targets for 2021.
APA Corporation announced the results of its Keskesi South-1 appraisal well in Block 58, offshore Suriname, revealing non-commercial quantities of hydrocarbons. Drilled 6.2 kilometers from Keskesi East-1, this well has been plugged and abandoned due to unsuitable reservoir quality sands. Data from this well will aid in refining the geological model for future assessments. The Maersk Developer has shifted focus to the Sapakara South-1 well for a flow test, with plans to continue exploration in the area. APA holds a 50% interest in Block 58 and has previously achieved four exploration discoveries in the last two years.
APA Corporation (Nasdaq: APA) announced an increase in its quarterly cash dividend from 2.5 cents to 6.25 cents per share, marking a substantial growth of 150% from the previous annualized rate of 10 cents.
The dividend is payable on Nov. 22, 2021, to stockholders of record on Oct. 22, 2021, returning an additional $57 million annually to shareholders. CEO John J. Christmann IV highlighted this move as part of a strategy to return more cash flow to investors while noting the positive impact of recent debt reduction efforts.
Apache Corporation has amended its cash tender offers to purchase up to $1.736 billion of its outstanding notes, increasing from the initial $1.5 billion. The Offers expired on August 13, 2021. A total of $1.663 billion of notes were validly tendered and accepted, with an aggregate purchase price of approximately $1.749 billion, excluding accrued interest. Settlement for these transactions is set for August 16, 2021, while those delivered via guaranteed delivery will settle on August 18, 2021.
Apache Corporation announced cash tender offers to purchase up to $1.5 billion of its outstanding notes, contingent on certain conditions. The offers will expire on August 13, 2021, unless extended. Holders can withdraw their notes until the expiration time. Acceptance of notes will be based on Acceptance Priority Levels. Settlement is expected on August 16, 2021. Key notes include 4.250% due 2044 and 4.750% due 2043 with significant principal amounts. Apache reserves the right to amend or terminate the offers at its discretion.
APA Corporation reported its second-quarter 2021 results on August 4, 2021. The financial outcomes can be accessed via their website. A conference call is scheduled for August 5 at 10 a.m. Central Time to discuss these results, available for later playback. APA focuses on oil and gas exploration and production across the United States, Egypt, the United Kingdom, and offshore Suriname. They provide continuous updates and announcements on their operations, alongside investor-specific information.
APA Corporation (Nasdaq: APA) announced successful appraisal drilling offshore Suriname in Block 58, highlighting the Sapakara South-1 well, which discovered approximately 30 meters of net black oil pay in a high-quality Campano-Maastrichtian reservoir. This significant result propels the company towards commercial oil development in the area. The Maersk Valiant will proceed to the Bonboni exploration prospect before returning for a flow test of Sapakara South-1. APA holds a 50% working interest in Block 58, partnered with TotalEnergies.