---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-045839"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:20:26.318606+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-045839
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/0001193125-23-045839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/d466229d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-045839
- JSON: https://secwatch.observer/filing/0001193125-23-045839.json
- Plain text: https://secwatch.observer/filing/0001193125-23-045839.txt

## Key facts
- Earnings Releases
  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
  source text: For the full-year 2022, APA reported net income of $3.67 billion, or $11.02 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/0001193125-23-045839-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/0001193125-23-045839-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.