APA Corp repurchases 10.5M shares in Q3 2026
APA estimated 10.5 million third-quarter share repurchases at an average $42.78 per share and approximately $115 million in G&A.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
APA Corp (APA) provided supplemental estimates for the quarter ended September 30, 2026, subject to completion of quarter-end reporting, final realized prices, cost and tax accruals, and subsequent events; actual results may vary materially. Estimated average realized prices were U.S. oil $87.50 per barrel, NGL $26.00 per barrel and natural gas $1.45 per Mcf; international oil was $98.50 per barrel, NGL $155.00 per barrel and natural gas $5.00 per Mcf. The international NGL estimate primarily reflects low volumes and the timing of revenue recognition.
Other estimates included Egypt tax barrels of 36 MBoe/d, dry-hole costs before tax of $25 million and a $190 million net gain on oil and gas purchases and sales before tax, including an $8 million realized gain from commodity derivatives. Estimated weighted-average basic common shares were 348 million. APA repurchased 10.5 million shares at an average $42.78 per share. General and administrative expenses were approximately $115 million, including $56 million of stock-based compensation, most of which reflected mark-to-market impacts of APA’s share price during the quarter. The results call is scheduled for November 5, 2026, at 10 a.m. Central time.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Estimated U.S. average realized prices: Oil $87.50 per barrel; NGL $26.00 per barrel; natural gas $1.45 per Mcf
Estimated international average realized prices: Oil $98.50 per barrel; NGL $155.00 per barrel; natural gas $5.00 per Mcf
Egypt tax barrels: 36 MBoe/d
+5 more
8 metrics
Estimated U.S. average realized prices
Oil $87.50 per barrel; NGL $26.00 per barrel; natural gas $1.45 per Mcf
Third quarter 2026
Estimated international average realized prices
Oil $98.50 per barrel; NGL $155.00 per barrel; natural gas $5.00 per Mcf
Third quarter 2026
Egypt tax barrels
36 MBoe/d
Third quarter 2026 estimate
Net gain on oil and gas purchases and sales
$190 million before tax, including an $8 million realized gain from commodity derivatives
Third quarter 2026 estimate
Weighted-average basic common shares
348 million shares
Third quarter 2026 estimate
Share repurchases
10.5 million shares at an average price of $42.78 per share
Third quarter 2026
General and administrative expenses
Approximately $115 million
Third quarter 2026
Stock-based compensation
$56 million
Included in third-quarter 2026 general and administrative expenses
Key Terms
realized prices, Egypt tax barrels, dry hole costs, mark-to-market, +1 more
5 terms
realized prices financial
"Estimated Average Realized Prices"
Egypt tax barrels financial
"Egypt tax barrels: 36 MBoe/d"
dry hole costs financial
"Dry hole costs (before tax): $25 million"
Costs incurred drilling and testing a well that does not find commercially producible oil or natural gas. These expenses cover items such as rig time, labor, supplies and seismic adjustments related specifically to that unsuccessful well; because the well yields no saleable hydrocarbons the money cannot be recovered from production and is treated as an exploration loss for that project. Accounting treatment varies by reporting method—under the successful-efforts method dry hole costs are typically expensed when incurred, while under the full-cost method they may be capitalized within the cost pool for the capitalized oil-and-gas asset base—so the term describes the economic outcome (an unsuccessful well) rather than a single required accounting entry.
mark-to-market financial
"mark-to-market impacts of APA’s share price"
"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.
Earnings Snapshot
Estimated U.S. average realized prices: Oil $87.50 per barrel; NGL $26.00 per barrel; natural gas $1.45 per Mcf
Third quarter 2026
Estimated U.S. average realized prices
Oil $87.50 per barrel; NGL $26.00 per barrel; natural gas $1.45 per Mcf
Estimated international average realized prices
Oil $98.50 per barrel; NGL $155.00 per barrel; natural gas $5.00 per Mcf
Egypt tax barrels
36 MBoe/d
Dry-hole costs
$25 million before tax
Net gain on oil and gas purchases and sales
$190 million before tax, including an $8 million realized gain from commodity derivatives
Share repurchases
10.5 million shares at an average price of $42.78 per share
General and administrative expenses
Approximately $115 million, including $56 million of stock-based compensation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were APA’s estimated third-quarter 2026 realized prices?
Estimated average U.S. prices were $87.50 per barrel for oil, $26.00 per barrel for NGL and $1.45 per Mcf for natural gas. International estimates were $98.50 per barrel for oil, $155.00 per barrel for NGL and $5.00 per Mcf for natural gas. The estimates are subject to finalization.
When is APA’s third-quarter 2026 results call, and how can I listen?
The call is scheduled for November 5, 2026, at 10 a.m. Central time. It will be webcast from APA’s website and investor.apacorp.com, and a replay will be available for one year on the Investors page.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 7, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (713 ) 296-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Name of each exchange | |||||||||||||||||
Title of each class | Trading Symbol(s) | on which registered | |||||||||||||||
| Nasdaq Texas, LLC | |||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On October 7, 2026, APA Corporation issued a press release announcing supplemental information regarding certain financial and operating results for the fiscal quarter ended September 30, 2026. The full text of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.
The information included herein and in Exhibit 99.1 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | ||||||||||
| 99.1 | Press Release of APA Corporation dated October 7, 2026. | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
APA CORPORATION
| Date: | October 7, 2026 | By: | /s/ Robert P. Rayphole | ||||||||
| Robert P. Rayphole | |||||||||||
| Vice President, Chief Accounting Officer, and Controller | |||||||||||
| (Principal Accounting Officer) | |||||||||||
APA Corporation provides third-quarter 2026 supplemental information and
schedules results conference call for Nov. 5 at 10 a.m. Central time
HOUSTON, Oct. 07, 2026 -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2026 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third quarter of 2026. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2026 results. Actual results and the impact of factors identified here may vary materially and are subject to finalization of the financial reporting process for the third quarter of 2026.
| Estimated Average Realized Prices – 3Q26 | |||||||||||
Oil (bbl) | NGL (bbl) | Natural Gas (Mcf) | |||||||||
United States | $87.50 | $26.00 | $1.45 | ||||||||
International | $98.50 | $155.00* | $5.00 | ||||||||
Egypt tax barrels: | 36 MBoe/d | ||||
Dry hole costs (before tax): | $25 million | ||||
Net gain on oil and gas purchases and sales (before tax)**: | $190 million | ||||
*The increase compared to prior quarters primarily reflects low volumes and the timing of revenue recognition
**Includes $8 million realized gain from commodity derivatives
APA CORPORATION PROVIDES THIRD-QUARTER 2026 SUPPLEMENTAL INFORMATION AND SCHEDULES RESULTS CONFERENCE CALL FOR NOV. 5 AT 10 A.M. CENTRAL TIME
— PAGE 2 of 3
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the third quarter are 348 million. APA repurchased 10.5 million shares at an average price of $42.78 per share during the third quarter.
General and administrative
During the third quarter, APA incurred general and administrative expenses totaling approximately $115 million. This includes $56 million of stock-based compensation, most of which reflects the mark-to-market impacts of APA’s share price during the quarter.
Third-quarter 2026 earnings call
APA will host a conference call to discuss its third-quarter 2026 results at 10 a.m. Central time, Thursday, Nov. 5. The conference call will be webcast from APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.
About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-looking statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about our estimated third-quarter 2026 results. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depends on a number
APA CORPORATION PROVIDES THIRD-QUARTER 2026 SUPPLEMENTAL INFORMATION AND SCHEDULES RESULTS CONFERENCE CALL FOR NOV. 5 AT 10 A.M. CENTRAL TIME
— PAGE 3 of 3
of risks and uncertainties which could cause our actual results, performance and financial condition to differ materially from our expectations, including as a result of the completion of quarter-end closing and financial reporting procedures, final determination of realized prices, final accruals and estimates for costs and taxes, and subsequent events. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2025, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contacts
Investor: (281) 302-2286 | ir@apachecorp.com
Media: (713) 296-7276 | media@apachecorp.com
Website: www.apacorp.com
APA-F