APA Q1 net income $242M ($0.78/diluted); cuts 2023 capex by $100M to $1.9-2.0B

APA Corp

2023-Q1 EPS reported $0.78

Net income $242M ($0.78/diluted); adjusted earnings $372M ($1.19/diluted).
Adjusted EBITDAX $1.3B; free cash flow $272M; returned 81% of FCF to shareholders.
Reported production 394K BOE/d; adjusted production 318K BOE/d; oil beat expectations.
Cut 2023 upstream capex by $100M to $1.9-2.0B due to weak Permian gas; lean gas drilling reduced.
Suriname appraisal at Krabdagu progressing in line with expectations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APA Corp reported the first quarter of 2023 results: net income $242 million, or $0.78 per diluted share, EPS $0.78 per diluted share. Guidance lowered.

Period: the first quarter of 2023
Net income: $242 million, or $0.78 per diluted share
EPS: $0.78 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

APA reported net income attributable to common stock of $242 million, or $0.78 per diluted share.

View on SEC.gov

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

APA Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-135255

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.