Welcome to our dedicated page for APA (US) SEC filings (Ticker: APA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
APA Corporation filings document the financial results, operating data and governance matters of an upstream oil and gas company with production in the United States, Egypt and the United Kingdom and exploration offshore Suriname and elsewhere. Form 8-K reports furnish quarterly and annual operating results, supplemental price and production data, commodity-derivative effects, cost items, capital spending, debt activity and other material corporate updates.
Proxy materials cover annual meeting matters, director and board governance topics, executive compensation and shareholder voting items. Other current reports document executive officer appointments and related compensatory arrangements, while the filing record also provides capital-structure and disclosure controls context for APA’s publicly traded common stock.
Peter A. Ragauss, a director of APA Corp (APA), received 1,057 shares of common stock equivalent on 08/22/2025 under the companys Outside Directors Deferral Program. The filing reports these shares as an exempt acquisition of phantom stock units that convert one-for-one into common shares, recorded at an implied value of $21.64 per share. Following the transaction the reporting person beneficially owns 92,563 shares, held directly. The acquisition was made pursuant to deferred compensation arrangements and is exempt under Rule 16b-3(d).
Lamar McKay, a director of APA Corp (APA), acquired 505 shares of common stock through the companys phantom stock program on 08/22/2025. Each phantom stock unit converted to one share at no purchase price, the acquisition is reported as exempt under Rule 16b-3(d) because it accrued under APAs Outside Directors Deferral Program, and the reporting form shows Mr. McKay holds 44,201 shares following the transaction. The report was filed individually and signed by an attorney-in-fact on 08/25/2025.
Chansoo Joung, a director of APA Corp (APA), reported an exempt acquisition of 1,086 phantom stock units on 08/22/2025. Each phantom unit is payable in one share of common stock, so the transaction corresponds to 1,086 shares with a reported per-share value of $21.64, resulting in 95,096 shares beneficially owned after the transaction. The filing states the acquisition was exempt under Rule 16b-3(d) and accrued under APA's Outside Directors' Deferral Program. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Joung on 08/25/2025.
Charles W. Hooper, a director of APA Corp (APA), received 276 phantom stock units that converted to 276 shares of APA common stock on 08/22/2025 under the companys Outside Directors' Deferral Program. The acquisition is reported as exempt under Rule 16b-3(d) and was executed by an attorney-in-fact. The filing shows a price reference of $21.64 and, after the transaction, Mr. Hooper beneficially owns 24,158 shares directly. The report documents a routine, deferred-compensation-based issuance to a director rather than an open-market purchase or sale.
Kenneth M. Fisher, a director of APA Corp (APA), reported the issuance of 78 shares of common stock on 08/22/2025 under APA's Outside Directors' Deferral Program. The shares reflect a conversion of 78 restricted stock units (one share per unit) and were recorded as an exempt acquisition under Rule 16b-3(d). The report lists a transaction price of $21.64 and shows Mr. Fisher beneficially owns 6,891 shares following the reported transaction. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Fisher on 08/25/2025. No derivative exercises, disposals, or additional transactions are disclosed in this filing.
Juliet S. Ellis, a director of APA Corp (APA), reported the acquisition of 779 shares of APA common stock on 08/22/2025. The shares resulted from the conversion of 779 phantom stock units under APA's Outside Directors' Deferral Program, with one share issued per phantom unit. The filing shows the acquisition was coded as exempt under Rule 16b-3(d) for deferred compensation and reports 68,220 shares beneficially owned by Ellis following the transaction. The Form 4 was signed by an attorney-in-fact on 08/25/2025.
Bob Matthew Regis, a director of APA Corp (APA), reports an internal compensation-related acquisition dated 08/22/2025. He received 130 phantom stock units that converted to 130 shares of APA common stock, recorded at a price of $21.64 per share, increasing his direct beneficial ownership to 11,395 shares. The acquisition is disclosed as exempt under Rule 16b-3(d) and arose from APA's Outside Directors' Deferral Program. The filing was signed on behalf of Mr. Regis by an attorney-in-fact on 08/25/2025.
Insider acquisition of 1,077 shares via deferred compensation; routine director transaction. Annell R. Bay, an APA Corp director, was credited with 1,077 phantom stock units that convert one-for-one into common shares under APA's Outside Directors' Deferral Program. The acquisition was recorded as an exempt transaction under Rule 16b-3(d) and dated 08/22/2025. After the transaction Ms. Bay beneficially owned 94,382 shares of APA common stock. The Form 4 was filed by a single reporting person and signed by an attorney-in-fact on 08/25/2025.
APA Corporation has filed a Form S-4 to register an offer to exchange $3.06 billion aggregate principal amount of previously issued, unregistered senior notes and debentures (maturing 2026-2096, coupons 4.25-7.95%) for identical registered notes. The exchange is being made to satisfy registration-rights agreements signed at the 10 Jan 2025 private offerings/ exchanges that refinanced Apache Corporation debt. No new cash is raised and total debt stays flat; original notes surrendered will be cancelled.
Key terms: (1) one-for-one principal exchange; (2) expiry 5:00 p.m. NYC time on a date to be announced in 2025, withdrawable any time before expiry; (3) not subject to a minimum tender but subject to customary legal conditions; (4) registered notes carry new CUSIPs, no transfer restrictions, no penalty-rate provisions and—except 2035/2055 series—will be issued under a different trustee; (5) Apache guarantees have lapsed—new notes are unsecured obligations solely of APA, ranking pari passu with its other senior debt and structurally subordinated to subsidiary liabilities.
Investor considerations: failure to tender leaves holders with illiquid, unregistered securities; no exchange listing is planned, so secondary liquidity may remain limited. Risk factors highlight subordination, limited covenants, market-rate exposure and geopolitical/commodity volatility. Completing the exchange avoids up to 100 bp step-up interest penalties if registration defaults occurred.
APA Corp. Q2 2025 10-Q highlights:
- Revenue softened: Total Q2 sales fell 14% YoY to $2.18 bn on lower commodity prices; six-month sales up 7% to $4.81 bn.
- Profitability improved: Net income attributable to common stock rose 11% YoY to $603 m (EPS $1.67) and 41% YTD to $950 m (EPS $2.62), aided by $282 m gain on New Mexico Permian divestiture and $138 m derivative gains.
- Cost discipline: Lease operating expense down 20% YoY; G&A down 22%; transaction/reorg costs normalized (-90% YoY).
- Cash flow & leverage: Operating cash flow jumped to $2.28 bn (+83% YoY). Long-term debt cut to $4.29 bn from $5.99 bn; net debt/OCF now ≈1.9×. Cash balance declined to $107 m after $954 m bond repurchases and $181 m dividends.
- Balance-sheet shifts: Equity climbed to $5.91 bn (vs $5.28 bn) as accumulated deficit narrowed and treasury share buybacks continued.
- Capital allocation: Upstream capex $1.44 bn; management used divestiture proceeds and new APA notes to refinance Apache debt, lowering interest expense (financing costs $66 m vs $100 m).
Guidance not updated, but filing reiterates focus on debt reduction, disciplined Permian investment and shareholder returns amid price volatility.