APA Q3 net income $422M ($1.28/sh), adjusted $651M ($1.97/sh); dividend doubled to $1.00 annualized

APA Corp

2022-Q3 EPS reported $9.51

Net income $422M ($1.28 diluted EPS); adjusted earnings $651M ($1.97/sh). Net cash from ops $1.104B, free cash flow $609M.
Production 382k BOE/d; adjusted 310k BOE/d. Permian exceeded expectations; North Sea hit by unplanned downtime.
Repurchased 10M shares at $33.85 avg during Q3; quarterly dividend doubled to annualized $1.00/sh.
First oil discovery on Block 53 offshore Suriname at Baja; appraisal/exploration continues on Block 58.
FY2022 capex unchanged at $1.725B; Q4 adjusted production guidance 328-332k BOE/d.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

APA Corp reported third-quarter 2022 results: net income $422 million, or $1.28 per diluted share, EPS $1.28 per diluted share. Guidance reaffirmed.

Period: third-quarter 2022
Net income: $422 million, or $1.28 per diluted share
EPS: $1.28 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

APA reported net income attributable to common stock of $422 million, or $1.28 per diluted share.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

APA Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-276503

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