APA Q3 net income $459M ($1.49 diluted); confirms 700M bbl Suriname resource

APA Corp

2023-Q3 EPS reported $3.50

Net income $459M ($1.49/diluted); adjusted earnings $410M ($1.33/diluted).
Production 412k BOE/d; adjusted 340k BOE/d; U.S. oil volumes up 16% YoY.
Free cash flow $307M; returned 65% of FCF via dividends and buybacks.
Confirmed 700M bbl recoverable oil at Sapakara/Krabdagu in Suriname Block 58.
Q4 capex ~$500M; production expected down slightly due to North Sea downtime.

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 0.9

APA Corp reported the third quarter of 2023 results: net income $459 million, or $1.49 per diluted share, EPS $1.33 per diluted share.

Period: the third quarter of 2023
Net income: $459 million, or $1.49 per diluted share
EPS: $1.33 per diluted share
Result: reported results

Exact text from the filing

APA reported net income attributable to common stock of $459 million, or $1.49 per diluted share. When adjusted for items that impact the comparability of results, APA’s third-quarter earnings were $410 million, or $1.33 per diluted share.

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Source: SEC EDGAR

accession 0001193125-23-269009

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