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.
Kinetik Holdings (NYSE: KNTK) has announced the pricing of $250 million in sustainability-linked senior notes through its subsidiary Kinetik Holdings LP. The notes, priced at 101.25% of par, carry a 6.625% interest rate and will mature on December 15, 2028.
These new notes are an addition to the existing $800 million sustainability-linked notes issued under the same terms. Interest payments will be made semi-annually on June 15 and December 15, with the first payment scheduled for June 15, 2025. The offering is expected to close on March 19, 2025.
The interest rate is tied to Kinetik's performance against sustainability targets outlined in their Sustainability-Linked Financing Framework from May 16, 2022. The proceeds will be used for general corporate purposes, including repaying revolving credit facility borrowings.
Kinetik Holdings (NYSE: KNTK) has announced that its subsidiary, Kinetik Holdings LP, plans to offer $250 million in 6.625% sustainability-linked senior notes due 2028. These notes are additional to the previously issued $800 million aggregate principal amount under the same terms.
The new notes will be offered under Rule 144A and Regulation S of the Securities Act, exclusively to qualified institutional buyers and non-U.S. persons. The proceeds will be used for general corporate purposes, including repaying a portion of revolving credit facility borrowings.
The interest rate on these notes is linked to Kinetik's performance against sustainability targets outlined in their Sustainability-Linked Financing Framework from May 16, 2022, which received a second party opinion from ISS ESG.
Kinetik Holdings (NYSE: KNTK) reported strong financial results for Q4 and full-year 2024. The company achieved Q4 net income of $16.2 million and Adjusted EBITDA of $237.5 million. For the full year 2024, Kinetik posted net income of $244.2 million and record Adjusted EBITDA of $971.1 million, representing 16% year-over-year growth.
The company completed strategic expansions including the Durango Permian acquisition and Barilla Draw assets purchase. Q4 results were temporarily impacted by negative gas prices at Waha and maintenance activities, resulting in a $15 million headwind.
Looking ahead, Kinetik provided 2025 guidance with projected Adjusted EBITDA between $1.09-1.15 billion and capital expenditure guidance of $450-540 million. The company expects approximately 20% growth in gas processed volumes and projects Q4 2025 annualized Adjusted EBITDA to exceed $1.2 billion.
APA (Nasdaq: APA) has announced its fourth-quarter and full-year 2024 financial and operational results. The company will discuss these results during a conference call scheduled for February 27 at 10 a.m. Central time. The webcast will be accessible through the company's website at www.apacorp.com or investor.apacorp.com. A replay of the conference call will remain available for one year on the company's Investors page.
APA (Nasdaq: APA) has announced that its board of directors has declared a regular cash dividend of 25 cents per share on the company's common stock. The dividend will be payable on May 22, 2025, to stockholders of record as of April 22, 2025.
APA has released supplemental information for Q4 2024, highlighting key financial and operational metrics. Average realized prices in the US were $70.25/bbl for oil, $24.50/bbl for NGL, and $1.00/Mcf for natural gas. International prices were higher at $74.75/bbl for oil, $50.50/bbl for NGL, and $4.00/Mcf for natural gas.
The company reported Egypt tax barrels at 35 MBoe/d and curtailed approximately 23.5 MBoe/d in response to weak Waha hub prices, slightly above the November guidance of 22 MBoe/d. Notable financial items include a $1 million realized gain on commodity derivatives, $30 million in dry hole costs, and a $140 million net gain on oil and gas purchases and sales.
APA completed the previously announced Permian Basin non-core asset divestiture on December 31, 2024, receiving net proceeds of approximately $774 million after adjustments. During Q4, the company repurchased 4.6 million shares at an average price of $21.90 per share, with weighted-average basic common shares estimated at 369 million.
Kinetik Holdings (NYSE: KNTK) has announced its fourth quarter dividend of $0.78 per share ($3.12 annualized), payable on February 12, 2025, to shareholders of record as of February 3, 2025. The company will release its Q4 2024 earnings after market close on February 26, 2025, followed by a conference call on February 27, 2025.
The company maintains an active Dividend Reinvestment Plan (DRIP) that is open to all shareholders. Details of the plan are available in the company's S-3 registration statement filed with the SEC on July 12, 2024. Shareholders can register for the DRIP through Broadridge Corporate Issuers, , either online or through various contact methods.
APA announced the final results of its private exchange offers, tender offers, and consent solicitations for Apache notes. The offers, set to settle on January 10, 2025, include:
1. Exchange offers for Apache notes to new APA notes
2. Cash tender offers up to $1 billion for certain Apache notes
3. Consent solicitations for amendments to Apache notes indentures
The company has received significant participation across various note series, with tender rates ranging from 36% to 95.5%. APA also announced pricing of a private offering of $850 million in senior notes, waiving the Financing Condition. The new notes will be guaranteed by Apache on the same terms as the APA Notes to be issued in the Exchange Offers.
APA (Nasdaq: APA) has announced the pricing of a private notes offering totaling $850 million. The offering consists of $350 million of 6.10% notes due 2035 and $500 million of 6.75% notes due 2055. The gross proceeds are expected to be approximately $846 million.
The offering is scheduled to close on January 10, 2025. APA plans to use the net proceeds to purchase outstanding senior indebtedness from Apache , its wholly-owned subsidiary, through cash tender offers launched on December 3, 2024, with a maximum aggregate purchase price of $869 million. The Notes will be initially guaranteed by Apache until the aggregate principal amount of indebtedness under senior notes and debentures falls below $1 billion.
APA (Nasdaq: APA) has announced plans to offer senior notes due 2035 and 2055 through a private offering. The proceeds will be used to purchase outstanding senior indebtedness from its wholly-owned subsidiary Apache , with a maximum aggregate purchase price of $869 million (including accrued interest) through cash tender offers.
The settlement date for the tender offers and concurrent exchange offers is expected to be January 10, 2025. The Notes will initially be guaranteed by Apache until the aggregate principal amount of indebtedness under senior notes and debentures falls below $1 billion. The offering is to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.