APA Corp (APA) Reports Q2 2025: Improved Permian Efficiency and Steady Dividend Payouts

Core Insights - APA Corporation is a Texas-based energy company engaged in the exploration, development, and sale of natural gas, crude oil, and natural gas liquids, with operations in the United States, Egypt, and the North Sea [1] Group 1: Q2 2025 Performance - In Q2 2025, APA reduced its Permian rig count from eight to six, indicating improved drilling efficiency [2] - The company plans to maintain oil production in the Permian at six rigs, a decrease from the previously planned 6.5 rigs [2] - Capital efficiency improvements have led to a reduction in the original capital forecast by $130 million while maintaining oil production targets, following the disposal of a New Mexico asset in mid-June [2] Group 2: Dividend and Shareholder Returns - APA has a history of issuing cash dividends since 1965 and declared a quarterly dividend of $0.25 per share on September 9, 2025, payable on November 21 to shareholders as of October 22 [3] - In the June quarter, the company returned $140 million to shareholders through dividends and stock repurchase initiatives [3] - As of September 30, APA has a dividend yield of 4.05% [3]