APA Corp Q4 net income $443M, FY $3.67B; reiterates 2023 capex $2.0-2.1B

APA Corp

2022-FY EPS reported $11.02

Q4 net income $443M ($1.38 diluted EPS); adjusted EPS $1.48. Full-year net income $3.67B ($11.02 diluted EPS), adjusted $2.56B ($7.68).
Full-year net cash from ops $4.94B, adjusted EBITDAX $6.84B, free cash flow $2.5B.
Returned $1.6B to shareholders: repurchased 36.2M shares, doubled annual base dividend; eliminated $1.4B debt.
2023 outlook: upstream capex $2.0-2.1B, adjusted BOE growth 4-5%, oil growth >10%; committed to returning ≥60% FCF to shareholders.
Year-end proved reserves 890M BOE (90% developed); Block 58 Suriname resource estimate >800M barrels oil-in-place.

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 the full-year 2022 results: net income $3.67 billion, EPS $11.02 per diluted common share. Guidance reaffirmed.

Period: the full-year 2022
Net income: $3.67 billion
EPS: $11.02 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the full-year 2022, APA reported net income of $3.67 billion, or $11.02 per diluted common share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

APA Corp reported the fourth-quarter 2022 results: net income $443 million, EPS $1.38 per share on a fully diluted basis. Guidance reaffirmed.

Period: the fourth-quarter 2022
Net income: $443 million
EPS: $1.38 per share on a fully diluted basis
Guidance: reaffirmed
Result: reported results

Exact text from the filing

During the fourth-quarter 2022, APA reported net income attributable to common stock of $443 million, or $1.38 per share on a fully diluted basis.

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Source: SEC EDGAR

accession 0001193125-23-045839

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