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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

财务数据和关键指标变化 - 公司在第一季度实现了合并净收益1.32亿美元,每股收益0.44美元 [25] - 剔除非经常性项目后,公司第一季度调整后净收益2.37亿美元,每股收益0.78美元 [25] - 第一季度公司在阿拉斯加勘探项目上计提了5900万美元的干井费用,并在苏里南勘探项目上写销了4200万美元的剩余账面价值 [26] 各条业务线数据和关键指标变化 - 美国业务油产量同比增长16%,创下连续5个季度达到或超过指引的纪录 [7] - 埃及业务产量基本符合预期,但由于油价高于预期的PSC影响,调整后产量略低于指引 [8] - 北海业务第一季度受到巴瑞尔设施运行时间下降的影响 [10] 各个市场数据和关键指标变化 - 美国业务方面,公司在3月份主动减产了大量阿尔派恩高产区的天然气产量,以应对瓦哈价差极度疲软的情况 [8] - 埃及业务方面,公司正在调整钻机和修井机的比例,以优化资本效率 [8][9] - 北海业务方面,由于管理晚期资产的特点,此类资产的停产时间更频繁且不太可预测 [10] 公司战略和发展方向及行业竞争 - 公司完成了对卡伦公司的收购,并正在进行整合,预计年度协同效益从1.5亿美元提高到2.25亿美元 [13][29] - 公司将把重点放在提高卡伦资产的资本效率上,包括调整井距、减少着陆带、增加压裂液量等 [15][16] - 公司将把珀米恩盆地的产量占比从39%提高到46%,并将该区域的资本支出占比提高到75% [21] 管理层对经营环境和未来前景的评论 - 公司对阿拉斯加勘探项目的前景感到非常兴奋,已经证实了该区域存在可行的油气系统 [11][113] - 公司对埃及业务的前景保持乐观,认为埃及经济和财政状况正在改善,有望获得更多支持 [84][85][86] - 公司将继续保持60%的自由现金流分红比例,同时也将通过非核心资产出售来偿还债务 [27][57] 问答环节重要的提问和回答 问题1 **John Freeman 提问** 提问的内容1 [41][42][43] **John Christmann 回答** 回答的内容1 [44] 问题2 **Neal Dingmann 提问** 提问的内容2 [53][54] **John Christmann 回答** 回答的内容2 [55][56] 问题3 **David Deckelbaum 提问** 提问的内容3 [62][63][64][65] **Steve Riney 回答** 回答的内容3 [64][65][66][67]

业绩总结 - 2024年第一季度报告的生产量为389 Mboe/d，调整后的生产量为320 Mboe/d[7] - 2024年第一季度的净现金流为3.68亿美元，自由现金流为9900万美元[7] - 2024年第一季度的调整后EBITDAX为12.35亿美元，稀释每股收益为0.44美元，调整后每股收益为0.78美元[7] - 2024年第一季度的净收入（包括非控股权益）为2.12亿美元，稀释每股收益为0.70美元[59] - 2024年第一季度的调整后EBITDAX为12.35亿美元，2023年第四季度为13.61亿美元[61] - 2024年第一季度的自由现金流为9900万美元，较2023年第一季度的2.72亿美元显著下降[63] - 2024年第一季度的股东回报总额为176百万美元，较2023年第一季度的637百万美元下降[41] 用户数据 - 2024年第一季度的报告生产为135,140 BOE/D，其中油占64%，NGL占0%，天然气占36%[33] - 2024年第一季度的平均钻井成功率为74%，共完成23口井中的17口[32] - 2024年第一季度的油气资产更新显示，Permian地区的报告生产量为214,050 BOE/D[30] 未来展望 - 预计2024年第二季度美国的总调整油生产量将平均为203 Mbo/d[21] - 预计2024年第二季度的上游资本投资为8.9亿美元，全年预计为27亿美元[21] - 预计到2024年底，每季度的运行率将达到1.1亿美元[21] - 预计到2024年第四季度，生产将全面恢复[35] 新产品和新技术研发 - 通过收购Callon Petroleum，预计将实现225百万美元的成本协同效应[14][19] 资本投资与债务 - 2024年第一季度的上游资本投资总额为568百万美元，其中美国的投资为419百万美元[42] - 2024年第一季度的总债务为51.80亿美元，净债务为50.78亿美元[69] - 2024年第一季度的未偿债务为5.08亿美元，2023年第一季度为5.10亿美元[69] 负面信息 - 由于3月份设施运行时间减少，第一季度的生产略低于预期[35] - 2024年第一季度的自由现金流为9900万美元，较2023年第一季度的965百万美元显著下降[41] - 埃及的报告生产在2024年第一季度为135,140 BOE/D，较2023年第四季度的144,001 BOE/D有所下降[44]

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 ...