secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-045839
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/0001193125-23-045839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312523045839/d466229d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-045839

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