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APA Corporation

APA · Oil & gas E&P sector group
Guidance from APA Corporation’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
14 items
Releases tracked
8
Latest release
Aug 5, 2026
Data checked
Aug 5, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Aug 5, 2026 release

Each item compared with the same item in the previous release (Apr 14, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewExit run-rate cost savingsfor FY2026—“approximately $500 million”Filing ↗
NewLease operating expensesfor FY2026—“lowered by $25 million to $1.5 billion”Filing ↗
NewReturn of free cash flow to shareholdersfor FY2026—“at least 60% of free cash flow”Filing ↗
NewReturn to shareholders (capital returns)for FY2026—“at least 60% of free cash flow”Filing ↗
NewTotal company upstream capital investmentfor FY2026—“$2.07 billion”Filing ↗
NewU.S. capitalfor FY2026—“$1.3 billion”Filing ↗
NewU.S. oil production outlookfor FY2026—“123,000 barrels of oil per day”Filing ↗
Show 6 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedFirst oil timing, Suriname Block 58for FY2028“mid-2028”—Filing ↗
Not restatedGranMorgu project first oilfor FY2028“first oil in 2028”—Filing ↗
Not restatedRun-rate cost savings targetfor FY2027“$350 million”—Filing ↗
Not restatedSustainable annual cost savings targetfor FY2027“at least $350 million”—Filing ↗
Not restatedRun-rate savingsfor FY2026“$350 million”—Filing ↗
Not restatedLong-term net debt targetfor the long term“$3 billion”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Exit run-rate cost savings“approximately $500 million”for FY2026Company-definedAug 5, 20261Filing ↗
Lease operating expenses“lowered by $25 million to $1.5 billion”for FY2026GAAP-tiedAug 5, 20261Filing ↗
Return of free cash flow to shareholders“at least 60% of free cash flow”for FY2026Company-definedAug 5, 20261Filing ↗
Return to shareholders (capital returns)“at least 60% of free cash flow”for FY2026Company-definedAug 5, 20261Filing ↗
Run-rate savings“$350 million”for FY2026Company-definedAug 6, 20251Filing ↗
Three-year cost reduction run-rate savings target“$350 million in run-rate savings in 2026”for FY2026Company-definedAug 6, 20251Filing ↗
Total company upstream capital investment“$2.07 billion”for FY2026Company-definedAug 5, 20261Filing ↗
U.S. capital“$1.3 billion”for FY2026Company-definedAug 5, 20261Filing ↗
U.S. oil production outlook“123,000 barrels of oil per day”for FY2026Company-definedAug 5, 20261Filing ↗
Next year and medium term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
First oil timing, Suriname Block 58“mid-2028”for FY2028Company-definedAug 6, 20251Filing ↗
GranMorgu project first oil“first oil in 2028”for FY2028Company-definedFeb 26, 20251Filing ↗
Run-rate cost savings target“$350 million”for FY2027Company-definedFeb 26, 20251Filing ↗
Sustainable annual cost savings target“at least $350 million”for FY2027Company-definedFeb 26, 20251Filing ↗
Long term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Long-term net debt target“$3 billion”for the long termCompany-definedAug 6, 20251Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Return of free cash flow to shareholders through base dividends and share repurchases“60%”—Declared actionAug 6, 20251Filing ↗

How your Oil & gas E&P sector group guides

12 companies in Oil & gas E&P. What they guide on, and who reported this season.

Most-guided metric families
Production volumes
11
Buybacks
10
Free cash flow
9
Capex
9
Dividends
9
Revenue
6
Adjusted EBITDA
3
Tax rate
3
This season’s releases
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APA CorporationAug 5, 20267 changes
Chord EnergyAug 5, 202651 changes
Matador ResourcesAug 5, 202639 changes
Murphy OilAug 5, 202634 changes
Permian ResourcesAug 5, 202612 changes
Devon EnergyAug 4, 20267 changes
Diamondback EnergyAug 3, 202623 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2028FY2027FY2026FY2025FY2024Long-termNo period
Adjusted BOE production growth———1 statement———
Annualized run-rate savings——————1 statement
Annualized run-rate savings target by end of year———1 statement———
Capital allocated to other exploration, primarily in Alaska———1 statement———
Capital allocated to Suriname development activity———1 statement———
The full record for APA Corporation and its Oil & gas E&P peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Aug 5, 2026FY2026 Q20001841666-26-0000507Open filing ↗
Apr 14, 2026FY2026 Q10001841666-26-0000210Open filing ↗
Jan 20, 2026FY2025 Q40001841666-26-0000030Open filing ↗
Oct 8, 2025FY2025 Q30001841666-25-00002310Open filing ↗
Aug 6, 2025FY2025 Q20001841666-25-00001216Open filing ↗
May 7, 2025FY2025 Q10001673379-25-00001315Open filing ↗
Feb 26, 2025FY2024 Q40001193125-25-03800817Open filing ↗
Nov 6, 2024FY2024 Q30001193125-24-25275211Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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