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APA Announces Sale of Non-Core Producing Texas Properties
zacks.com· 2024-05-21 11:46
APA Corporation (APA) has announced the sale of non-core-producing properties by its unit, Apache Corporation and other associated subsidiaries. These transactions, executed in two separate deals, have garnered aggregate proceeds exceeding $700 million before customary closing adjustments.These deals involve properties with an estimated net production in the first quarter of 2024 of 13,000 barrels of oil equivalent per day (Mboe/d), with slightly over one-third being oil. The primary aim of the sale of thes ...
APA Announces over $700 Million in Asset Sales from Two Transactions for Non-core Texas Properties
Newsfilter· 2024-05-20 20:15
HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of more than $700 million, prior to customary closing adjustments. Combined, the properties represent estimated net production in the first-quarter 2024 of 13,000 barrels of oil equivalent per day (Mboe/d), of which just over one-third is oil. Proceeds from these asset sales ...
Should Value Investors Buy APA (APA) Stock?
Zacks Investment Research· 2024-05-15 14:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
APA Q4 Earnings Miss on Lower Production, Revenues Beat
Zacks Investment Research· 2024-05-10 13:00
U.S. energy operator APA Corporation (APA) reported first-quarter 2024 adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of 90 cents and declining from the year-ago adjusted figure of $1.19. The underperformance primarily reflects lower production.Revenues of $1.9 billion were down 6.3% from the year-ago quarter’s sales but came ahead of the Zacks Consensus Estimate by 1.6% due to higher-than-expected commodity price realizations. Meanwhile, APA continues to reward shareholders w ...
3 Profitable Dividend Stocks to Buy at Near-Lows
InvestorPlace· 2024-05-09 17:55
Undervalued dividend stocks present two return routes: price appreciation or dividend payments that add to income. As of this writing, the market has some attractive dividend opportunities you buy.Indeed, several undervalued dividend stocks are near lows. Some deserve their underperformance due to their declining fundamentals. Buying them would be akin to catching a falling knife.However, this article will focus on companies with significant upside potential. Yes, they are trading at lows due to short-term ...
Apache Corporation Tree Grant Program Opens U.S. Applications for 2024-2025 Planting Season
Newsfilter· 2024-05-06 16:13
HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Apache Corporation, a subsidiary of APA Corporation (NASDAQ:APA), today announced the opening of applications for the Apache Corporation Tree Grant Program's 2024-2025 planting season. To receive tree grants, applicants must be based in the United States. Since 2005, the program has partnered with more than 1,000 nonprofit organizations and government agencies across the company's U.S. operating areas. Last year, the program surpassed a significant milestone of dona ...
APA(APA) - 2024 Q1 - Quarterly Report
2024-05-02 19:07
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 March 31, 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 or ot ...
APA(APA) - 2024 Q1 - Earnings Call Transcript
2024-05-02 17:47
APA Corporation (NASDAQ:APA) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Gary Clark – Vice President-Investor Relations John Christmann – Chief Executive Officer Steve Riney – President and Chief Financial Officer Conference Call Participants John Freeman – Raymond James Neal Dingmann – Truist Securities David Deckelbaum – TD Cowen Betty Jiang – Barclays Leo Mariani – ROTH MKM Neil Mehta – Goldman Sachs Paul Cheng – Scotiabank Operator Good day and thank you for standing by ...
APA(APA) - 2024 Q1 - Earnings Call Presentation
2024-05-02 16:39
First-Quarter 2024 Financial and Operational Supplement May 1, 2024 Notice to Investors Certain statements in this earnings supplement contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including, without limitation, expectations, beliefs, plans, and objectives regarding anticipated financial and operating results, asset divestitures, estimated reserves, drilling locations, capital expenditures, price es ...
APA(APA) - 2024 Q1 - Quarterly Results
2024-05-02 13:38
Exhibit 99.1 NEWS RELEASE Key Takeaways • Reported production of 389,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 320,000 BOE per day; • Generated net cash from operating activities of $368 million, adjusted EBITDAX of $1.24 billion; • Returned $176 million to shareholders in the first quarter through dividends and share buybacks; • Continued Permian strength drove U.S. oil volumes above guidance, marking the fifth consec ...