secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001841666-26-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA Q1 prelim: U.S. natural gas realized price negative ($0.35/Mcf); curtailments continue
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000184166626000021/0001841666-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000184166626000021/apa8k-20260414.htm
  HTML page:      https://secwatch.observer/filing/0001841666-26-000021

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