Earnings Releases·Nov 4, 2026, 4:34 PM ET

APA Corporation — Third Quarter 2026 Earnings Summary

Reported net income of $698 million ($2.00 per diluted share) and adjusted earnings of $676 million ($1.94 per diluted share), representing significant year-over-year growth against prior year results of $205 million and $332 million, respectively.
Raised full-year 2026 free cash flow guidance to approximately $2.9 billion (up $600 million) and U.S. oil production guidance to 124,000 barrels per day, while establishing a preliminary 2027 upstream capital budget of $2.5 billion.
Returned $537 million to shareholders via $450 million in share repurchases and $87 million in dividends, while reducing total debt by $2.8 billion since year-end 2024 to a net debt position of $3.2 billion.
Lowered net debt target to $2 billion and reiterated a $500 million run-rate cost savings target by year-end 2026, with expectations to return at least 60% of 2026 free cash flow to shareholders.