secwatch.observer — SEC 8-K summary
======================================

Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001193125-22-211978
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA Q2 net income $926M, free cash flow $814M; acquires Permian assets for $505M
--------------------------------------------------------------------------------

- Net income $926M ($2.71 diluted EPS); adj. EPS $2.37; net cash ops $1.535B; EBITDAX $1.957B; FCF $814M (double YoY).
- Repurchased 7M shares in Q2 at $41.59; additional 6.9M in July at $33.87; 52.3M total since Oct 2021 at avg $31.19.
- Acquired Texas Delaware Basin properties for $505M (closed $555M); production expected 12-14k BOE/d for remaining 5 months.
- Full-year capex unchanged $1.725B; LOE raised $50M to $1.470B; adjusted production guidance reduced ~2%.
- Net debt $5B (down from $6.7B); expect ~$3B FCF in 2022, at least $1.8B returned to shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522211978/0001193125-22-211978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522211978/d378559d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-211978

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