secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K/A
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001193125-24-160708
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA provides pro forma financials for Callon acquisition, combined 2023 revenue $10.6B, EPS $10.63
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- Completed merger with Callon on Apr 1, 2024; Callon shareholders received 1.0425 APA shares/share, total consideration ~$2.44B.
- Pro forma combined 2023 revenue $10.58B, net income $4.02B, diluted EPS $10.63.
- Nonrecurring transaction costs of $114M; APA issued new $1.5B term loan at ~7.1% interest.
- Purchase price allocation: oil & gas properties fair value $4.5B, total assets acquired $5.37B, liabilities assumed $2.93B.
- Pro forma basic shares outstanding 377M, reflecting 69M APA shares issued as consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524160708/0001193125-24-160708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524160708/d815238d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-160708

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