secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001193125-22-141546
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522141546/0001193125-22-141546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522141546/d316831d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-141546

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer