Exchange Offers and Tender Offers - APA Corporation announced the final results of its Exchange Offers and Tender Offers, which included the exchange of Apache Corporation's notes and debentures for new APA Notes and the purchase of up to $1,000,000,000 aggregate principal amount of Apache Tender Notes [1] - The Offers are expected to settle on January 10, 2025, with validly tendered and accepted Apache Notes being purchased, exchanged, retired, and cancelled on the Settlement Date [2] - The payment of each series of APA Notes issued in the Exchange Offers will be guaranteed by Apache, with guarantees effective until the aggregate principal amount of indebtedness under senior notes and debentures outstanding under Apache's existing indentures is less than $1,000,000,000 [3] Principal Amounts and Tender Rates - As of the Expiration Time, the aggregate principal amounts of Apache Notes tendered in the Exchange Offers and Tender Offers were as follows: - 7.70% Notes due 2026: $57,743,000 tendered (73.48% of outstanding) [6] - 7.95% Notes due 2026: $55,695,000 tendered (42.16% of outstanding) [6] - 4.875% Notes due 2027: $38,782,000 tendered (36.00% of outstanding) [8] - 4.375% Notes due 2028: $238,850,000 tendered (73.56% of outstanding) [8] - 7.75% Notes due 2029: $163,831,000 tendered (69.59% of outstanding) [8] - 4.250% Notes due 2030: $373,778,000 tendered (72.45% of outstanding) [8] - 6.000% Notes due 2037: $271,354,000 tendered (76.99% of outstanding) [8] - 5.100% Notes due 2040: $538,520,000 tendered (83.10% of outstanding) [8] - 5.250% Notes due 2042: $116,736,000 tendered (83.65% of outstanding) [8] - 4.750% Notes due 2043: $111,741,000 tendered (81.54% of outstanding) [8] - 4.250% Notes due 2044: $76,614,000 tendered (88.50% of outstanding) [8] - 7.375% Debentures due 2047: $126,160,000 tendered (84.11% of outstanding) [8] - 5.350% Notes due 2049: $330,094,000 tendered (85.35% of outstanding) [8] - 7.625% Debentures due 2096: $37,408,000 tendered (95.50% of outstanding) [8] Private Notes Offering - APA priced a private offering of senior notes in an aggregate principal amount of $850 million on January 7, 2025, with the net proceeds intended to purchase a portion of the Apache Tender Notes [15] - The notes issued in the Private Notes Offering will be guaranteed by Apache on the same terms as the APA Notes to be issued in the Exchange Offers, with the settlement date expected to be January 10, 2025 [15] Industry Context - APA Corporation, through its consolidated subsidiaries, explores for and produces oil and natural gas in the United States, Egypt, the United Kingdom, and offshore Suriname [19]

APA (APA) closed the latest trading day at $23.66, indicating no change from the previous session's end. This change was narrower than the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.Heading into today, shares of the oil and natural gas producer had gained 6.34% over the past month, outpacing the Oils-Energy sector's loss of 11.62% and the S&P 500's loss of 1.7% in that time.The upcoming earnings release of APA will be of gre ...

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it has priced $350 million in aggregate principal amount of 6.10% notes due 2035 and $500 million in aggregate principal amount of 6.75% notes due 2055 (collectively, the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). Gross proceeds, before deducting the initial purchasers’ discounts ...

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation ("APA") (Nasdaq: APA) announced today that it intends to offer, subject to market and other conditions, a series of senior notes due 2035 and a series of senior notes due 2055 (collectively, the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). This release contains forward-looking statements within the meaning of Section 27A of ...

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it intends to offer, subject to market and other conditions, a series of senior notes due 2035 and a series of senior notes due 2055 (collectively, the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). APA intends to use the net proceeds from the proposed offering to purchase certain out ...

HOUSTON, Jan. 06, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced key updates to its executive leadership and corporate officers. Clay Bretches, executive vice president, Operations, has announced plans to retire July 1, 2025. As part of its commitment to maintaining excellence in operations, the company has launched an internal and external search for a new leader to drive continued innovation and operational efficiency. Bretches will remain with the organization and help ensure a sm ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.APA Corporation (NASDAQ: NASDAQ: APA ) aka Apache Corporation is a mid-size oil company with a market capitalization of just over $7.5 billion. The compan ...

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today the pricing terms for the previously announced cash tender offers (the “Tender Offers”) to purchase up to $1,000,000,000 aggregate principal amount (the “Maximum Purchase Amount”) of validly tendered and accepted notes issued by Apache Corporation, its wholly-owned subsidiary (“Apache”), listed in the table below (collectively, the “Apache Tender Notes”). The applicable total consideration to be paid in the Tend ...

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- APA Corporation ("APA") (NASDAQ:APA) announced today the extended early results as of 5:00 p.m., New York City time, on December 20, 2024 (the "Extended Early Consent Date") of the previously announced (i) offers to exchange (the "Exchange Offers") any and all validly tendered and accepted notes and debentures listed in the table below issued by Apache Corporation, its wholly-owned subsidiary ("Apache"), for new notes to be issued by APA (the "APA Notes"), (ii) off ...

Key TakeawaysWall Street expected the energy sector to outperform every other sector this year after a rough 2023.Oilfield services providers SLB and Halliburton, along with oil producer APA Corp., were some of the S&P 500 stocks analysts forecast to rise the most this year. Instead, they all fell more than 28%.Oil prices were pressured in 2024 by record U.S. production and sluggish demand in China, one of the world's largest crude consumers. No one can predict the future, and Wall Street analysts, despite ...