secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001841666-26-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA Q4 EPS $0.79 ($0.91 adjusted), free cash flow $425M; 2026 capex down 10%
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- Q4 net income $279M ($0.79 diluted EPS); adjusted EPS $0.91; free cash flow $425M.
- Full-year 2025 adjusted EBITDAX $5.4B, FCF $1.0B; returned $640M to shareholders.
- Year-end proved reserves +9% to 1,056M BOE; total debt <$4.5B, net debt <$4B.
- 2026 capex $2.1B (-10% YoY); adjusted production outlook 371k BOE/d (decline due to North Sea/U.S. gas/asset sales).
- Achieved $350M run-rate cost savings; new target $450M by year-end 2026. Permian inventory validated ~10 years economic.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000184166626000012/0001841666-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000184166626000012/apa8k-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001841666-26-000012

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