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.
Apache Corporation (Nasdaq: APA) has opened applications for its 2025-2026 Tree Grant Program in the United States. The program, which has donated over 5 million trees since 2005, is available to nonprofit organizations and government agencies in Texas and Louisiana. Last season, Apache donated 134,000 trees to 52 nonprofit partners. Recipients must request a minimum of 50 one-gallon to five-gallon trees per project or 1,000 bareroot seedlings, receive them in a single delivery, and maintain them.
The application deadline is July 13, 2025, with grant awards announced on October 1, 2025. Trees must be planted by May 31, 2026. The program recently expanded internationally to Scotland and has partnered with organizations like Houston Wilderness for carbon mitigation efforts and Texas Parks and Wildlife Department for wildlife and parkland protection.
APA Corporation (Nasdaq: APA) has announced its financial and operational results for the first quarter of 2025. The company has made the detailed results available on their corporate website at www.apacorp.com and investor.apacorp.com. A conference call is scheduled for May 8 at 10 a.m. Central time to discuss these results, with a webcast link available on the company website. The call recording will be accessible for one year on the company's "Investors" page.
Kinetik Holdings has announced the upcoming retirement of Anne Psencik, Chief Strategy Officer, effective June 30, 2025. Psencik will maintain her current responsibilities until her retirement date and will transition to a consulting role afterward.
During her six-year tenure, Psencik has been instrumental in managing risk and advising on commercial and investment opportunities. She has served as Chief Strategy Officer since 2019, bringing over 35 years of experience in the oil and gas industry, with expertise in:
- Midstream business development
- Trading operations
- Engineering and construction
Jamie Welch, Kinetik's President & CEO, acknowledged Psencik's valuable leadership and significant contributions to the company's long-term growth strategy.
APA and partners Lagniappe Alaska and Santos have announced successful flow test results from the Sockeye-2 exploratory well in Alaska's North Slope. The well, drilled to approximately 10,500 feet, encountered a high-quality Paleocene-aged clastic reservoir with 20% average porosity.
The vertical well, completed in a single 25-foot interval at 9,200 feet TVD without stimulation, averaged 2,700 barrels of oil per day during the final flow period of the 12-day production test, without artificial lift. APA holds a 50% working interest in the 325,411-acre exploratory block, while Lagniappe and Santos each hold 25%.
The test results indicate significantly higher reservoir quality compared to similar topset discoveries to the west, extending the Brookian topset play first established with the Pikka discovery in 2013.
Kinetik Holdings (NYSE: KNTK) has announced a quarterly cash dividend of $0.78 per share ($3.12 annualized), payable on May 2, 2025, to shareholders of record as of April 25, 2025. The company will release its first quarter 2025 earnings after market close on May 7, 2025, followed by a conference call on May 8, 2025.
The company has implemented a Dividend Reinvestment Plan (DRIP) available to all shareholders. Shareholders can register for the DRIP through Broadridge's website or by contacting Broadridge Corporate Issuers, , the Plan Administrator.
APA (Nasdaq: APA) has announced significant executive leadership changes effective May 2025. Ben Rodgers has been promoted to Executive Vice President and Chief Financial Officer, overseeing all financial activities including Accounting, Audit, Investor Relations, Planning, Tax and Treasury. Rodgers, who joined APA in 2018, previously served as SVP, Finance and Treasurer.
The company has also strengthened its operational leadership with two key appointments: Shad Frazier as Senior Vice President of U.S. Onshore Operations, bringing nearly 30 years of industry experience from Endeavor Energy Resources, and Donald Martin as Vice President of Decommissioning, with 20 years of operations and decommissioning portfolio experience from Spirit Energy E&P.
Steve Riney will continue as president, overseeing asset development and operations.
APA has released supplemental information for Q1 2025, revealing key financial and operational metrics. The company's average realized prices showed variations between U.S. and international operations, with U.S. oil at $72.40/bbl and international at $75.10/bbl. Natural gas prices were notably different, with U.S. at $2.00/Mcf and international at $4.15/Mcf.
During Q1, APA curtailed approximately 8 MMcf/d of U.S. natural gas production and 500 barrels per day of natural gas liquids due to weak Waha hub prices. The company reported Egypt tax barrels at 32-33 MBoe/d and a net gain of $120 million on oil and gas purchases and sales. General and administrative expenses stood at $115 million.
Notable shareholder activity included the repurchase of 4.4 million shares at an average price of $22.87, bringing the weighted-average basic common shares to 364 million for Q1 2025, down from 369 million in Q4 2024. The company will discuss detailed results in a conference call scheduled for May 8 at 10 a.m. Central time.
APA (NYSE, Nasdaq: APA) and partners Lagniappe Alaska and Oil Search have announced a significant oil discovery at the Sockeye-2 exploratory well in Alaska's North Slope. The well, drilled to approximately 10,500 feet, revealed a high-quality reservoir with 25 feet of net oil pay in a Paleocene-aged sand formation, featuring an impressive 20% average porosity.
The Sockeye prospect spans 25,000 to 30,000 acres, with APA holding a 50% working interest, while operator Lagniappe and Santos each hold 25%. Additional potential pay zones were discovered in the shallower Staines Tongue formation. This marks the partnership's second successful exploratory well on their 325,411-acre position, following the King Street-1 discovery which found oil in two separate Brookian Zones.
The partners are currently conducting further evaluation, including core acquisition and flow testing, with updates to follow upon completion of these tests.