---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-202399"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:22:20.538731+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-202399
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312523202399/0001193125-23-202399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312523202399/d502400d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-202399
- JSON: https://secwatch.observer/filing/0001193125-23-202399.json
- Plain text: https://secwatch.observer/filing/0001193125-23-202399.txt

## Key facts
- Earnings Releases
  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
  source text: APA reported net income attributable to common stock of $381 million, or $1.23 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312523202399/0001193125-23-202399-index.htm

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