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 ...

The most recent trading session ended with APA (APA) standing at $20.84, reflecting a +1.12% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.77%. Elsewhere, the Dow saw an upswing of 1.42%, while the tech-heavy Nasdaq appreciated by 2.28%.Shares of the oil and natural gas producer have depreciated by 9.57% over the course of the past month, underperforming the Oils-Energy sector's gain of 0.43% and the S&P 500's loss of 5.73%.Market participants ...

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].

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 ...

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 ...