I previously reviewed APA Corporation (NASDAQ: APA ) in May 2024 and am now downranking it from buy to hold. APA’s production is either in challenged/slow markets (Permian dry gas whose price dips below zero) or is in what has becomeLaura Starks is the founder and CEO of Starks Energy Economics, LLC (since 2007). She has a degree in chemical engineering and an MBA with a concentration in finance which she has used for many years to invest personally and to share her ideas about energy companies. Her coverag ...

Oil prices surged on Tuesday, driven by heightened market speculation that OPEC+ will prolong its existing production cuts. The alliance, which manages roughly half of the world’s oil supply, is deliberating on extending these cuts through the first quarter of 2025, aiming to stabilize a market characterized by weak demand and geopolitical uncertainties.Despite the bullish sentiment surrounding a possible extension of OPEC+ cuts, the energy market remains volatile. The interplay between demand recovery, geo ...

It was a week when oil prices dropped while natural gas futures continued the northward journey.The headlines revolved around gas exporter Cheniere Energy’s (LNG) receipt of regulatory approval for its Corpus Christi expansion project and upstream operator APA Corporation’s (APA) technological collaboration with software player Palantir Technologies. Developments associated with EQT Corporation (EQT) , ExxonMobil (XOM) and BP plc (BP) also grabbed attention.Overall, it was a mixed seven-day period for the s ...

HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it has commenced offers to (i) exchange (the “Exchange Offers”) any and all validly tendered and accepted notes issued by Apache Corporation, its wholly-owned subsidiary (“Apache”), for new notes to be issued by APA as described in the table below titled “Exchange Offers” and (ii) purchase for cash (the “Tender Offers” and together with the Exchange Offers, the “Offers”) up to $1,000,000,000 aggregate princ ...

These three dividend-paying companies are on sale and all yield over 3%.The major stock market indexes are hovering around all-time highs, but there are plenty of industries that have had their fair share of struggles so far this year.Upstream exploration and production (E&Ps) like Devon Energy (DVN 0.29%) and APA (APA 0.58%) are down significantly on the year.Meanwhile, Target (TGT 1.71%) erased all of its year-to-date gains (and them some) by plunging after reporting its third-quarter earnings.Here's why ...

APA Corporation (APA) , a Houston, TX-based oil and gas exploration and production company, has expanded its partnership with Palantir Technologies Inc. (PLTR) . This move should deepen the company’s collaboration to integrate AI-driven solutions across its extensive operations.This multi-year, multimillion-dollar agreement shapes a relationship that started in 2021, marking a significant leap forward in the use of advanced artificial intelligence (AI) for optimizing production, operational planning and sup ...

Group 1 - Ring Energy's Q3 2024 total sales volumes exceeded the high-end of its guidance, driven primarily by non-oil sales volumes [2] - Oil sales volumes for Ring Energy were below the midpoint of its guidance, indicating a potential area of concern for the company [2] Group 2 - The article highlights the author's extensive experience in analytical roles, particularly in the energy sector, which adds credibility to the insights provided [2] - The author has a background in mobile gaming and has co-founded a company that was acquired, showcasing a diverse skill set that may influence investment analysis [2]

Core Viewpoint - APA Corporation reported third-quarter 2024 adjusted earnings of $1 per share, missing the Zacks Consensus Estimate of $1.03 and declining from the previous year's adjusted figure of $1.33, primarily due to lower commodity prices and higher costs [1] Financial Performance - Revenues for the quarter were $2.5 billion, representing a 10% increase from the same quarter last year and exceeding the Zacks Consensus Estimate by 11.7%, driven by the Callon Petroleum acquisition and higher-than-expected production [2] - The average realized crude oil price was $78.06 per barrel, down 9.4% from $86.15 a year ago, but above the projected $73.90. The average realized natural gas price fell to $1.43 per thousand cubic feet from $3.12 in the previous year, missing the estimate of $1.80 [6] Production and Costs - Oil and natural gas production averaged 467,480 BOE/d, up 13.4% year over year and surpassing expectations of 450,458 BOE/d [4] - U.S. output increased by 33.3% year over year to 300,709 BOE/d, while international production decreased by 10.6% to 166,771 BOE/d [5] - Total operating expenses nearly doubled to $2.9 billion from $1.7 billion, driven by increased lease operating expenses, higher equipment costs, and an asset impairment charge [7] Cash Flow and Shareholder Returns - The company generated $1.3 billion in cash from operating activities and incurred $698 million in upstream capital expenditures, resulting in an adjusted operating cash flow of $1.1 billion and free cash flow of $219 million, down from $307 million a year ago [8] - APA continued to reward shareholders with dividends and buybacks, repurchasing 102,305 shares at $29.32 each and paying out $92 million in dividends during the quarter [3] Guidance - APA expects adjusted production to average 415,000 BOE/d in Q4 and 384,000 BOE/d for the full year 2024, with oil volumes projected at 218,000 Bbl/d for Q4 and 198,000 Bbl/d for the year. The upstream capital expenditure for the year is pegged at $2.75 billion [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 1-40144 APA CORPORATION (Exact name of registrant as specified in its charter) Delaware 86-1430562 (State o ...

APA Corporation (NASDAQ:APA) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Gary Clark - Vice President, Investor Relations John Christmann - Chief Executive Officer Steve Riney - President & Chief Financial Officer Tracy Henderson - Executive Vice President, Exploration Conference Call Participants Doug Leggate - Wolfe research John Freeman - Raymond James Bob Brackett - Bernstein Research Roger Read - Wells Fargo Securities Paul Cheng - Scotiabank Neal Dingmann - Truist ...