Core Insights - APA Corporation and its partners have successfully conducted flow testing on the Sockeye-2 exploratory well, indicating a significant discovery in the eastern North Slope of Alaska [1][2]. Group 1: Well Performance and Reservoir Quality - The Sockeye-2 well was drilled to approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20% [2]. - During a 12-day production test, the well averaged 2,700 barrels of oil per day in the final flow period, demonstrating exceptional productivity without artificial lift [2]. - The flow test results suggest significantly higher reservoir quality compared to similar discoveries in the region [2]. Group 2: Future Prospects and Strategic Importance - The discovery from Sockeye-2 extends the Brookian topset play, which was first established with the Pikka discovery in 2013, indicating potential for further exploration [3]. - The results align with geological and geophysical models, reducing risk for additional prospects in the block, and further appraisal drilling will determine the ultimate size of the discovery [3]. Group 3: Company Overview - APA Corporation is involved in exploring and producing oil and natural gas in the United States, Egypt, the United Kingdom, and offshore Suriname [4].

APA (APA) closed the latest trading day at $15.65, indicating a -1.32% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.67%. Meanwhile, the Dow gained 1.07%, and the Nasdaq, a tech-heavy index, added 2.5%.Shares of the oil and natural gas producer have depreciated by 24.08% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.69% and the S&P 500's loss of 6.57%.The investment community will be paying close attention to t ...

APA Corporation (NASDAQ: APA ) is an independent E&P company that operates across various key regions, including the Permian Basin, Egypt, and the North Sea. Over the past year, the company has acquired CallonAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anythin ...

HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced key updates to its executive leadership team. Ben Rodgers has been named executive vice president and chief financial officer, effective May 12, 2025. In this role, he will oversee all financial activities and departments, including Accounting, Audit, Investor Relations, Planning, Tax and Treasury. Rodgers joined APA in 2018 and previously served as SVP, Finance and Treasurer. He also served as CFO of Altus Midstream a ...

APA (APA) shares ended the last trading session 19.1% higher at $16.71. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 26.9% loss over the past four weeks.APA Corporation, an American energy company that focuses on the exploration and production of oil and natural gas, saw a significant rise in its stock price. The increase was driven by a broader market rally that followed President Trump's decision to pause "rec ...

Core Insights - APA Corporation provided supplemental information regarding its first-quarter 2025 financial and operational results, indicating that actual results may vary based on unlisted factors [1] Financial Performance - Estimated average realized prices for Q1 2025 are as follows: - Oil: $72.40 per barrel in the U.S. and $75.10 internationally - NGL: $28.00 per barrel in the U.S. and $51.00 internationally - Natural Gas: $2.00 per Mcf in the U.S. and $4.15 internationally [2] - The company reported a net gain on oil and gas purchases and sales of $120 million before tax, with dry hole costs amounting to $12 million before tax and general and administrative expenses of $115 million [2] Production Update - APA curtailed approximately 8 million cubic feet per day (MMcf/d) of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in response to weak Waha hub prices, which was not anticipated in the February guidance [3] Shareholder Information - The estimated weighted-average basic common shares for Q1 2025 is 364 million, a decrease from 369 million shares in Q4 2024. The company repurchased 4.4 million shares at an average price of $22.87 per share during the first quarter [4] Upcoming Events - APA will host a conference call to discuss its first-quarter 2025 results on May 8 at 10 a.m. Central time, which will be available for replay on the company's website for one year [5] Company Overview - APA Corporation engages in the exploration and production of oil and natural gas in the U.S., Egypt, and the U.K., and also explores offshore Suriname and other locations [6]

Group 1 - The price performance of small to mid-cap Upstream Exploration & Production (E&P) companies has been significantly poor over the last 8-9 months, described as dreadful or calamitous [1] - The Daily Drilling Report provides investment analysis for the oil and gas industry, featuring a model portfolio that covers all segments of upstream oilfield activity, including weekly updates and technical analysis to identify catalysts [1] Group 2 - Fluidsdoc is an international oil industry veteran with 40 years of experience, specializing in the upstream oil sector and having worked in over twenty countries [2]

It has been about a month since the last earnings report for APA (APA) . Shares have added about 3.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is APA due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, estimat ...

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 ...