secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001193125-22-276503
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522276503/0001193125-22-276503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522276503/d393280d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-276503

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