Group 1: Stock Performance - APA's stock closed at $20.84, reflecting a +1.12% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 1.77% [1] - Over the past month, APA shares have depreciated by 9.57%, underperforming the Oils-Energy sector's gain of 0.43% and the S&P 500's loss of 5.73% [1] Group 2: Financial Forecast - APA is forecasted to report an EPS of $0.81, showcasing a 3.85% increase from the corresponding quarter of the prior year, with a revenue estimate of $2.2 billion, up 15.47% from the prior-year quarter [2] - For the full year, the Zacks Consensus Estimates project earnings of $3.69 per share and revenue of $8.65 billion, reflecting changes of -2.12% and -11.12% from the preceding year [3] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for APA indicate positive sentiment towards the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks APA at 3 (Hold), with an average annual return of +25% for stocks rated 1 since 1988 [6] Group 4: Valuation Metrics - APA has a Forward P/E ratio of 5.59, which is a discount compared to the average Forward P/E of 8.31 for its industry [7] - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries [7]

APA Corporation (APA) has joined the wave of oil and energy companies cutting jobs to rationalize operations and maintain competitiveness. It recently reduced its workforce by 10-15%, affecting around 300 employees globally. These cuts align with the company’s broader strategy to lower costs and sustain long-term profitability in an evolving energy landscape.Why the Job Cuts?APA has long been looking for cost-cut measures targeting $350 million in annualized savings by 2027 to drive efficiency. Its revenues ...

Core Insights - APA Corporation, in partnership with Lagniappe Alaska, LLC and Oil Search (Alaska), LLC, announced preliminary results from the Sockeye-2 exploratory well, indicating significant potential in the North Slope region [1][4]. Group 1: Joint Venture and Exploration - The North Slope project is a joint venture where APA Corporation holds a 50% working interest, while Lagniappe Alaska, LLC and Santos each hold 25% [2]. - The joint venture began its exploration campaign in 2023 but faced challenges in meeting drilling objectives, leading to a renewed effort in 2024 with plans for three exploratory wells, including King Street-1, which resulted in a new field discovery [3]. Group 2: Sockeye-2 Well Results - The Sockeye-2 well, drilled to a depth of 10,500 feet, encountered a high-quality reservoir with approximately 25 feet of net oil pay in a Paleocene-aged sand formation, with an average porosity of 20% [5]. - The success of Sockeye-2 validates the partnership's geological models and confirms a working hydrocarbon system, de-risking additional prospects in the area [6]. Group 3: Future Steps and Commercial Viability - Following wireline logging, the next steps include flow testing to confirm permeability and reservoir performance, which are critical for assessing the well's commercial viability [7]. - The partnership remains optimistic about the potential of the Sockeye-2 play and plans to provide further updates as evaluations progress [7].

Core Insights - APA Corporation and its partners announced preliminary results from the Sockeye-2 exploratory well, with APA holding a 50% working interest and partners Lagniappe Alaska and Santos each holding 25% [1][4]. Exploration Results - The Sockeye-2 well was drilled to approximately 10,500 feet, encountering a high-quality reservoir with about 25 feet of net oil pay in a Paleocene-aged sand, featuring an average porosity of 20% [2]. - Compared to recent regional field analogues in the Brookian play, the porosity and permeability were better than expected, with permeability to be confirmed through a planned flow test [2]. - Additional potential pay zones were found in the shallower Staines Tongue formation [2]. Geological and Geophysical Insights - The Sockeye prospect spans 25,000 to 30,000 acres and supports the partners' geological and geophysical models, reducing risk for numerous additional prospects in the area [3]. - Wireline logging is complete, and further data collection, including core acquisition and flow testing, is underway [3]. Strategic Importance - The Sockeye-2 well is the second successful exploratory well drilled by the partnership on a 325,411-acre position on state lands, following the King Street-1 well, which was a new field discovery [4]. - The results from Sockeye-2 highlight the potential of the play and present significant opportunities in an active area of the North Slope with existing infrastructure [4]. Company Statements - The CEO of APA Corporation expressed encouragement regarding the Sockeye-2 results, indicating confirmation of a working hydrocarbon system and anticipation for flow test results [5].

HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation ((NYSE, NASDAQ:APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary results of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25%. The Sockeye-2 well was drilled to a depth of approximately 10,500 feet and successfully encountered a high-quality reservoir with approximately 25 f ...

For the quarter ended December 2024, APA (APA) reported revenue of $2.5 billion, up 32.2% over the same period last year. EPS came in at $0.79, compared to $1.15 in the year-ago quarter.The reported revenue represents a surprise of +9.98% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $0.97, the EPS surprise was -18.56%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next m ...

Group 1 - APA Corporation is a diversified oil and gas producer operating both domestically and internationally [1] - The company was last covered in January 2024 following the Callon acquisition, indicating ongoing strategic developments [1] - The author has a professional background in the Nuclear Power industry, which aids in evaluating potential equities for long-term investment [1] Group 2 - The article serves as a platform for presenting the underlying fundamentals and long-term potential of each equity/business [1]

Core Insights - The oil and gas market has experienced a significant drop due to multiple factors impacting the energy industry simultaneously [1][8] - OPEC+ has announced an increase in production, which is expected to exert downward pressure on oil prices [3][8] - Concerns about a potential recession in the U.S. are growing, with weak consumer data and predictions of a GDP decline [5][8] - The uncertainty surrounding U.S. tariffs and their potential impact on trade and economic momentum is contributing to negative sentiment in the oil and gas sector [7][8] OPEC+ Production Increase - OPEC+ plans to increase production by approximately 138,000 barrels per day starting in April [3] - This decision is aimed at protecting market share and providing flexibility to support the oil market [3][4] U.S. Economic Concerns - There are fears of an impending recession in the U.S., with weak consumer data and a predicted nearly 3% drop in GDP for the first quarter of 2025 [5] - Auto sales are declining, and retailers have a cautious outlook for 2025, which is not favorable for oil and gas demand [5] Tariff Uncertainties - U.S. tariffs are fluctuating, with indications that higher prices for goods will occur this year [7] - Countries like China and Canada are prepared to engage in a trade war, which could negatively impact oil and gas demand [7] Market Dynamics - The oil and gas markets are influenced by supply and demand, with OPEC+'s production increase likely leading to lower prices [8] - Economic growth concerns in the U.S. and potential trade war implications could further affect global oil demand [8] Caution in the Energy Sector - The prevailing trends suggest that caution is advisable in the energy sector, as headwinds are strengthening [9] - Without lower interest rates or OPEC+ reducing supply, energy companies may face significant challenges due to lower oil prices [9]

Oil prices fell sharply on Monday, reaching their lowest levels in 2025, following the unexpected decision by OPEC+ to restart some of its previously halted production. WTI crude fell 2% to settle at $68.37 per barrel, while Brent crude slipped 1.6% to $71.62 per barrel, marking their lowest levels since December.The news sent shockwaves through energy stocks, with the sector experiencing widespread losses. The Energy Select Sector SPDR, which tracks the largest U.S. energy companies, sank 3.5% on Monday, m ...

Core Viewpoint - APA Corporation reported a decline in adjusted earnings for Q4 2024, primarily due to lower commodity prices and increased costs, despite a significant rise in revenues driven by acquisitions and production increases [1][2]. Financial Performance - Adjusted earnings per share for Q4 2024 were 79 cents, missing the Zacks Consensus Estimate of 97 cents and down from $1.15 in the previous year [1]. - Revenues reached $2.5 billion, a 32% increase from the same quarter last year, and exceeded the Zacks Consensus Estimate by 10% [2]. - The company generated $1 billion in cash from operating activities and reported a free cash flow of $420 million, up from $292 million a year ago [7]. Production & Selling Prices - Average production of oil and natural gas was 488,308 BOE/d, a 17.8% increase year-over-year, surpassing expectations [3]. - U.S. output increased by 37% year-over-year to 313,227 BOE/d, while international production decreased by 5.7% to 175,081 BOE/d [4]. - The average realized crude oil price was $72.42 per barrel, down 11% from $81.36 a year ago, but above the projected $68 [5]. Costs & Financial Position - Lease operating expenses totaled $474 million, a 31.7% increase from $360 million in the previous year [6]. - Total operating expenses surged 48.1% year-over-year to $2 billion, significantly higher than the model estimate of $2.9 billion [6]. - As of December 31, APA had approximately $625 million in cash and cash equivalents and $6 billion in long-term debt, resulting in a debt-to-capitalization ratio of 53.2% [8]. Guidance - APA expects adjusted production to average 399,000 BOE/d in Q1 2025 and 396,000 BOE/d for the full year, representing a 3% year-over-year increase [9]. - The company has set its upstream capital expenditure for the year at $2.5-$2.6 billion [9].