APA Q4 net income $1.8B ($5.78/sh); 2024 guides flat production, 8% US oil growth

APA Corp

2023-FY EPS reported $9.25

Q4 net income $1.8B ($5.78 diluted EPS); adjusted net income $352M ($1.15 diluted EPS).
Full-year 2023 net cash from ops $3.1B, adjusted EBITDAX $5.3B, free cash flow $965M.
Returned $637M to shareholders (66% of FCF) via $329M buybacks and $308M dividends.
US oil production up 12% Q4 vs Q4 2022; total company oil up 8% YoY; 2024 capex $1.9-2.0B.
Identified 700M barrels recoverable at Sapakara/Krabdagu in Suriname; pending Callon acquisition accretive.

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 fourth-quarter and full-year 2023 results: net income net income of $2.9 billion, or $9.25 per diluted common share, EPS $9.25 per diluted common share.

Period: the fourth-quarter and full-year 2023
Net income: net income of $2.9 billion, or $9.25 per diluted common share
EPS: $9.25 per diluted common share
Result: reported results

Exact text from the filing

During the fourth-quarter 2023, APA reported net income attributable to common stock of $1.8 billion, or $5.78 per share on a fully diluted basis.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APA Corp reported the fourth-quarter and full-year 2023 results: net income net income of $2.9 billion, or $9.25 per diluted common share, EPS $9.25 per diluted common share.

Period: the fourth-quarter and full-year 2023
Net income: net income of $2.9 billion, or $9.25 per diluted common share
EPS: $9.25 per diluted common share
Result: reported results

Exact text from the filing

For the full-year 2023, APA reported net income of $2.9 billion, or $9.25 per diluted common share.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-24-042211

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