Rebecca A. Hoyt
On June 17, 2025, Rebecca A. Hoyt, senior vice president, Chief Accounting Officer, and Controller, informed APA Corporation (the “Company”) of her intention to retire from the Company.
Highest-materiality recent filing
APA Q2 2026 supplemental: $41M dry hole costs, $345M net gain, gas curtailments
Estimated US oil realized price $93.20/bbl, international $99.90/bbl; US natural gas negative $2.20/Mcf.
APA shareholders approve compensation plan amendment: +24.16M shares, extended to 2036
Third Amendment to 2016 Omnibus Compensation Plan approved; increases authorized shares by 24,160,000.
APA Q1 net income $446M ($1.26 EPS); raises US oil outlook to 122K bbl/d
Adjusted EPS $1.38; revenue and production details not broken out in release.
APA Q1 prelim: U.S. natural gas realized price negative ($0.35/Mcf); curtailments continue
U.S. oil realized $72.50/bbl, NGL $19.80/bbl; natural gas negative $(0.35)/Mcf.
APA Q4 EPS $0.79 ($0.91 adjusted), free cash flow $425M; 2026 capex down 10%
Q4 net income $279M ($0.79 diluted EPS); adjusted EPS $0.91; free cash flow $425M.
APA Q4 supplemental: oil realized $59.90/bbl US; curtailments & $193M net gain on trades
US oil realized price $59.90/bbl, NGL $20.40/bbl, natural gas $0.15/Mcf in Q4 2025.
APA appoints Robert P. Rayphole as VP, Chief Accounting Officer and Controller
Appointment effective Nov. 15, 2025; Rayphole previously Assistant Controller since 2011.
APA beats Q3 2025 production guidance, raises Q4 outlook; net debt down $431M
Net income $205M ($0.57 diluted EPS); adjusted earnings $332M ($0.93 adjusted diluted EPS).
Estimated US oil realized price $66/bbl, NGL $20/bbl, gas $0.70/Mcf; International oil $68.50/bbl.
APA Q2 net income $603M ($1.67 EPS); beats guidance, reduces debt 15%
Net income $603M ($1.67 diluted EPS); adjusted earnings $313M ($0.87).
APA Corp CAO Rebecca Hoyt to retire in 2026; successor search underway
Rebecca A. Hoyt, SVP, Chief Accounting Officer & Controller, announced retirement from APA Corp.
APA terminates EVP of Operations D. Clay Bretches
EVP of Operations D. Clay Bretches employment terminated effective June 4, 2025.
APA shareholders elect all 11 directors, ratify auditor, approve say-on-pay
All 11 director nominees elected; for votes ranged from ~264M to ~280M shares.
APA Q1 adj EPS $1.06 beats; cuts capex $150M; sells NM assets for $608M
Net income $347M ($0.96 dil EPS); adjusted earnings $385M ($1.06 dil EPS).
APA Corp promotes Ben Rodgers to EVP & CFO effective May 12, 2025; adds two operational VPs
Ben Rodgers promoted to executive VP and CFO effective May 12, 2025, from SVP Finance and Treasurer.
APA Corp reports FY2024 adj. EPS $3.77, FCF $841M; 2025 capex $2.5-$2.6B
Q4 net income $354M ($0.96 diluted); adjusted net income $290M ($0.79 per share).
APA Corp enters $2B USD and £1.5B GBP five-year revolving credit facilities
New unsecured USD facility: $2.0B commitments (up from $1.8B prior), matures Jan 15, 2030.
APA Corp approves 2025 executive LTI awards with TSR/CROIC metrics
Committee approved new Performance Share Program (60% relative TSR, 40% CROIC) and Stock Option Award forms.
APA Corp issues $850M new notes, completes $3.74B exchange & $869M tender of Apache debt
Issued $350M 6.10% notes due 2035 and $500M 6.75% notes due 2055; net proceeds ~$839M funded cash tender.
APA EVP of Operations D. Clay Bretches announces retirement effective July 1, 2025
Bretches notified APA on Jan 6, 2025, of his intention to retire as Executive Vice President of Operations.
APA files Callon historical financials and pro forma combined results for securities offerings
Callon Q1 2024 revenue $563.6M, net income $14.9M ($0.22 EPS), down from $220.6M ($3.58 EPS) a year earlier.
APA Q3 2024: adjusted EPS $1.00 beats; GAAP loss $0.60 on impairments; FID on Suriname
Adjusted earnings $370M ($1.00/diluted share); GAAP net loss $223M ($0.60/sh) from U.K. and Permian impairments.
APA Corp appoints Kenneth M. Fisher to board, expands to 11 directors
Board expanded from 10 to 11 directors; Kenneth M. Fisher appointed effective Oct. 24, 2024.
APA Q2 net income $541M; adjusted EPS $1.17; raises production guidance
Net income $541M ($1.46 diluted EPS); adjusted earnings $434M ($1.17 adjusted EPS).
APA provides pro forma financials for Callon acquisition, combined 2023 revenue $10.6B, EPS $10.63
Completed merger with Callon on Apr 1, 2024; Callon shareholders received 1.0425 APA shares/share, total consideration ~$2.44B.
APA Corp shareholders elect all 10 directors, approve auditor and say-on-pay at annual meeting
All 10 director nominees elected; top vote-getter Anya Weaving with 224.9M for, lowest Annell Bay with 218.2M for.
Net income $132M ($0.44 diluted EPS); adjusted earnings $237M ($0.78 diluted EPS) on production of 389K BOE/d.
APA Corp EVP of Development David Pursell leaves due to restructuring
David A. Pursell left his role as EVP of Development effective April 9, 2024.
APA closes Callon acquisition; issues ~70M shares, adds 120K net Delaware acres
Each Callon share converted to 1.0425 APA shares; ~70M APA shares issued.
APA shareholders approve stock issuance for Callon Petroleum merger; close expected April 1
Shareholders voted 226.0M for, 2.0M against, and 2.4M abstentions at March 27 special meeting.
APA supplements proxy for Callon merger; stockholders filed 5 lawsuits over disclosures
APA received 2 demand letters; Callon received 13 demand letters and 5 complaints alleging proxy disclosure deficiencies.
APA Q4 net income $1.8B ($5.78/sh); 2024 guides flat production, 8% US oil growth
Q4 net income $1.8B ($5.78 diluted EPS); adjusted net income $352M ($1.15 diluted EPS).
APA Corp enters $2.0B delayed-draw term loan to refinance Callon debt upon acquisition close
Credit agreement provides $1.5B 3-year tranche and $500M 364-day tranche, dated Jan 30, 2024.
APA adopts 2024 Performance Share Program with TSR, CROIC, and methane intensity metrics
Performance measures: relative TSR (40%), CROIC (40%), and reduction in global methane intensity (20%).
APA appoints Stephen J. Riney as President and CFO, effective Jan 1, 2024
Stephen J. Riney, formerly EVP and CFO, promoted to President and CFO effective January 1, 2024.
APA Corp acquires Callon Petroleum in $4.5B all-stock deal; 1.0425x exchange ratio
Each Callon share exchanged for 1.0425 APA shares; implied value ~$38.31/sh based on APA close Jan 3, 2024.
APA establishes $1.8B commercial paper program guaranteed by Apache Corp
Program allows up to $1.8B in unsecured short-term notes; maturities up to 397 days.
APA Q3 net income $459M ($1.49 diluted); confirms 700M bbl Suriname resource
Net income $459M ($1.49/diluted); adjusted earnings $410M ($1.33/diluted).
APA Corp Q2 net income $381M ($1.23 EPS); cuts 2023 capex guidance to $1.9B
Net income $381M ($1.23 diluted EPS); adjusted earnings $264M ($0.85 diluted EPS).
APA shareholders approve charter amendment to limit officer liability for duty of care
Amendment adds Officer Exculpation Provision to charter, effective May 24, 2023.
APA Q1 net income $242M ($0.78/diluted); cuts 2023 capex by $100M to $1.9-2.0B
Net income $242M ($0.78/diluted); adjusted earnings $372M ($1.19/diluted).
APA Corp Q4 net income $443M, FY $3.67B; reiterates 2023 capex $2.0-2.1B
Q4 net income $443M ($1.38 diluted EPS); adjusted EPS $1.48. Full-year net income $3.67B ($11.02 diluted EPS), adjusted $2.56B ($7.68).
APA Corp amends bylaws Feb 2, 2023: Universal Proxy, exclusive forum, remote meetings
Updated bylaws include compliance with SEC Universal Proxy Rule and recent DGCL amendments.
APA Corp adopts 2023 Performance Share Program with ESG and TSR metrics
New program weights: Relative TSR 40%, Cash Return on Invested Capital 40%, GHG intensity reduction 10%, biodiversity reclamation 10%.
APA Q3 net income $422M ($1.28/sh), adjusted $651M ($1.97/sh); dividend doubled to $1.00 annualized
Net income $422M ($1.28 diluted EPS); adjusted earnings $651M ($1.97/sh). Net cash from ops $1.104B, free cash flow $609M.
APA Q2 net income $926M, free cash flow $814M; acquires Permian assets for $505M
Net income $926M ($2.71 diluted EPS); adj. EPS $2.37; net cash ops $1.535B; EBITDAX $1.957B; FCF $814M (double YoY).
APA Corp Chair John E. Lowe to retire; H. Lamar McKay to succeed as non-executive chair
John E. Lowe to retire from the board effective September 1, 2022.
David L. Stover appointed to Management Development & Compensation Committee; Juliet S. Ellis appointed chair.
APA Corp Q1 net income $1.9B ($5.43 EPS); adj EPS $1.92; debt reduced by $1.3B
Net income $1.9B ($5.43 diluted EPS); adjusted earnings $668M ($1.92 diluted EPS).
New $1.8B USD and £1.5B GBP five-year revolving credit facilities due April 2027.
On June 17, 2025, Rebecca A. Hoyt, senior vice president, Chief Accounting Officer, and Controller, informed APA Corporation (the “Company”) of her intention to retire from the Company.
On June 4, 2025, the employment of D. Clay Bretches, Executive Vice President of Operations of APA Corporation, was terminated.
appointed Ben C. Rodgers to the role of executive vice president and chief financial officer, effective as of May 12, 2025
Stephen J. Riney, who currently holds the role of president and chief financial officer, will continue to serve as the Company’s president on the Effective Date.
On January 6, 2025, D. Clay Bretches, Executive Vice President of Operations, notified APA Corporation (the “Company”) of his intention to retire from the Company, effective July 1, 2025.
On October 24, 2024, the board of directors (the “Board”) of APA Corporation (the “Company”) expanded the Board to eleven directors and appointed Kenneth M. Fisher as a new director of the Company’s Board.
Effective April 9, 2024, David A. Pursell, Executive Vice President of Development, has left APA Corporation (the “Company”) as a result of the restructuring of the Company’s development function.
the Board appointed Anya Weaving as a member of the Board, effective immediately following the Effective Time.
the Board appointed Matthew R. Bob, the former chair of the board of directors of Callon, as a member of the Board, effective immediately following the Effective Time.
On January 7, 2024, the Management Development and Compensation Committee (the “MD&C Committee”) of the Board of Directors (the “Board”) of APA Corporation (the “Company”), through authority delegated to the MD&C Committee by the full Board, appointed Stephen J. Riney, 63, to the role of president and chief financial officer of the Company, effective as of January 1, 2024.
On July 14, 2022, John E. Lowe, non-executive chair of the board of directors (the “Board”) of APA Corporation (the “Company”), provided notice of his decision to retire from the Board effective September 1, 2022
Current Board member H. Lamar McKay has been elected to succeed Mr. Lowe as non-executive chair effective as of the Retirement Date.
Max materiality 0.90 · Median 0.65 · Most common event earnings