---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-141546"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:59:33.796021+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# APA Corp Q1 net income $1.9B ($5.43 EPS); adj EPS $1.92; debt reduced by $1.3B

## Summary
- Net income $1.9B ($5.43 diluted EPS); adjusted earnings $668M ($1.92 diluted EPS).
- Free cash flow $675M (up 39% QoQ); expects ~$2.9B FCF for full-year 2022.
- Retired $1.3B of bonds, repurchased $260M+ shares; new $1.8B revolver and £1.5B LC facility.
- Production 404k BOE/d; adjusted 322k BOE/d. Capex guidance raised 8% to $1.725B.
- Announced Krabdagu discovery in Suriname Block 58; spud Rasper well on Block 53.

## SEC filing metadata
- accession: 0001193125-22-141546
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312522141546/0001193125-22-141546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312522141546/d316831d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-141546
- JSON: https://secwatch.observer/filing/0001193125-22-141546.json
- Plain text: https://secwatch.observer/filing/0001193125-22-141546.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.