earnings
confidence high
sentiment negative
materiality 0.65
APA Q1 prelim: U.S. natural gas realized price negative ($0.35/Mcf); curtailments continue
APA Corp
2026-Q1 EPS reported
$1.26
- U.S. oil realized $72.50/bbl, NGL $19.80/bbl; natural gas negative $(0.35)/Mcf.
- International oil $85.70/bbl, NGL $49.20/bbl; natural gas $4.60/Mcf.
- Curtailed 88 MMcf/d of U.S. natural gas and 6,800 bpd of NGL due to weak Waha prices.
- Dry hole costs $11M before tax; net gain on oil/gas purchases & sales $244M (incl. $66M realized derivative loss).
- G&A $115M; includes $25M higher stock-based comp from share price increase.
item 2.02item 9.01