APA Corp Q2 net income $381M ($1.23 EPS); cuts 2023 capex guidance to $1.9B

APA Corp

2023-Q2 EPS reported $2.01

Net income $381M ($1.23 diluted EPS); adjusted earnings $264M ($0.85 diluted EPS).
Reported production 399K BOE/d; adjusted 325K BOE/d; free cash flow $94M.
Returned 131% ($123M) of free cash flow to shareholders in Q2.
Full-year upstream capex guidance reduced to $1.9B; LOE outlook lowered to $1.4B.
Suriname Krabdagu-3 appraisal confirms oil resource extension 14 km from discovery.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APA Corp reported second quarter of 2023 results: net income $381 million, EPS $1.23 per diluted share. Guidance lowered.

Period: second quarter of 2023
Net income: $381 million
EPS: $1.23 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

APA reported net income attributable to common stock of $381 million, or $1.23 per diluted share.

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Source: SEC EDGAR

accession 0001193125-23-202399

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