secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001673379-25-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA Q1 adj EPS $1.06 beats; cuts capex $150M; sells NM assets for $608M
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- Net income $347M ($0.96 dil EPS); adjusted earnings $385M ($1.06 dil EPS).
- Adjusted production 398K BOE/d; U.S. oil guidance maintained 125-127K bbl/d.
- 2025 development capital cut $150M; expected savings doubled to $130M; run-rate target $225M.
- Sold New Mexico Permian assets to Permian Resources for $608M; proceeds for debt reduction; close late Q2.
- Sockeye-2 Alaska discovery well; flow test showed better reservoir quality.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000167337925000013/0001673379-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000167337925000013/apa8k-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001673379-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer