other material
confidence high
sentiment neutral
materiality 0.65
APA Q2 2026 supplemental: $41M dry hole costs, $345M net gain, gas curtailments
APA Corp
- Estimated US oil realized price $93.20/bbl, international $99.90/bbl; US natural gas negative $2.20/Mcf.
- Dry hole costs before tax $41M; net gain on oil and gas purchases and sales before tax $345M (includes $109M realized loss from derivatives).
- Curtailed ~137 MMcf/d US natural gas and 12,300 bbl/d NGL in Q2 due to weak Waha hub prices.
- Repurchased 2.8M shares at avg $35.25; weighted-average basic shares 353M.
- G&A expenses $65M including $10M stock-based compensation; conference call Aug. 6.