earnings
confidence high
sentiment neutral
materiality 0.50
APA guides 3Q26 US oil realized price $87.50/bbl; repurchased 10.5M shares at $42.78
APA Corp
- 3Q26 estimated realized prices: US oil $87.50/bbl, NGL $26.00/bbl, gas $1.45/Mcf; international oil $98.50/bbl, NGL $155.00/bbl, gas $5.00/Mcf.
- Net gain on oil and gas purchases and sales (pre-tax) of $190 million, including $8 million realized gain on commodity derivatives; dry hole costs $25 million pre-tax.
- Repurchased 10.5 million shares in 3Q26 at an average $42.78/share; estimated weighted-average basic shares 348 million.
- G&A of approximately $115 million, including $56 million of stock-based compensation, mostly mark-to-market on APA's share price; Egypt tax barrels 36 MBoe/d.
- Third-quarter 2026 results conference call scheduled for Nov. 5 at 10 a.m. Central time; figures are management estimates subject to finalization.