---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-128563"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:53:18.907047+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# APA Corp Q1 net income $132M ($0.44/diluted); adjusted EPS $0.78; raises Callon cost synergies to $225M

## Summary
- Net income $132M ($0.44 diluted EPS); adjusted earnings $237M ($0.78 diluted EPS) on production of 389K BOE/d.
- Completed Callon Petroleum acquisition; increased expected annual cost synergies by 50% to $225M.
- Permian strength drove U.S. oil volumes above guidance for fifth consecutive quarter; Permian to represent >70% of 2024 capex.
- Alaska King Street #1 well discovered high-quality oil; two other wells did not reach targets due to delays.
- Generated $368M net cash from operations, $1.24B adjusted EBITDAX; returned $176M to shareholders via dividends and buybacks.

## SEC filing metadata
- accession: 0001193125-24-128563
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312524128563/0001193125-24-128563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312524128563/d812659d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-128563
- JSON: https://secwatch.observer/filing/0001193125-24-128563.json
- Plain text: https://secwatch.observer/filing/0001193125-24-128563.txt

## Key facts
- Earnings Releases
  APA Corp reported first quarter of 2024 results: net income net income attributable to common stock of $132 million, EPS $0.44 per diluted share. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Net income: net income attributable to common stock of $132 million
  - EPS: $0.44 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: APA reported net income attributable to common stock of $132 million, or $0.44 per diluted share. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $237 million, or $0.78 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841666/000119312524128563/0001193125-24-128563-index.htm

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