APA Q2 net income $747M, beats guidance; raises U.S. oil production outlook

APA Corp

Net income $747M ($2.11 diluted EPS); adjusted earnings $669M ($1.89 diluted EPS).
Adjusted production 347,000 BOE/d exceeded guidance; U.S. oil 123,500 bbl/d above guidance.
Generated $738M free cash flow; repaid $673M bond debt in Q2; total debt down $2.3B since YE2024.
Raised full-year U.S. oil production guidance to 123,000 bbl/d; maintained U.S. capex at $1.3B.
Increased expected 2026 exit run-rate cost savings to $500M from $450M; LOE guidance lowered $25M to $1.5B.

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