APA Corp (APA) Form 8-K — Nov 4, 2026
APA Corporation reported strong third-quarter 2026 results, with net income of $698 million ($2.00 per diluted share) and adjusted earnings of $1.94 per share, roughly double the prior-year quarter. Reported production of 450,000 BOE/d and adjusted production of 381,000 BOE/d both exceeded guidance, and U.S. oil output of 128,000 b/d came in 4,000 b/d above guidance. The company generated $1.38 billion of operating cash flow and $699 million of free cash flow in the quarter, returning $537 million to shareholders including $450 million of buybacks.
Key figures
- Eps
- 2
- Revenue
- 2769000000
- Guidance
- FY2026 free cash flow raised to ~$2.9B (+$600M vs August update); Q4 upstream capex ~$525M; FY abandonment spend lowered to $285M; LOE guidance raised $25M to $1,525M; preliminary 2027 upstream capital budget of $2.5B
- Net Income
- 698000000
- Total Debt
- 3295000000
- Revenue Yoy
- 31% (total revenues $2,769M vs $2,115M in 3Q25)
- Total Assets
- 17883000000
- Cash Position
- 75000000
- Net debt
- $3.2 billion
- Adjusted eps
- $1.94
- Free cash flow
- $699 million
- Net debt target
- $2.0 billion (lowered from $3 billion)
- October buyback
- 4.5 million shares at avg $47.32
- Adjusted ebitdax
- $1.86 billion
- Q3 debt repayment
- $451 million
- Us oil production
- 128,000 b/d (4,000 b/d above guidance)
- Ytd free cash flow
- $1.91 billion
- Adjusted net income
- $676 million
- Adjusted production
- 381,000 BOE/d
- Operating cash flow
- $1.38 billion
- Reported production
- 450,000 BOE/d
- Shareholder returns
- $537 million (incl. $450 million buybacks)
- Ytd share repurchases
- 17.8 million shares
- Total debt reduction since 2024
- $2.8 billion
AI analysis
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