APA Corp — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
APA Corporation reported Q3 2026 net income of $698M ($2.00/diluted share); adjusted earnings of $676M ($1.94/share). Adjusted production was 381,000 BOE/day, exceeding guidance. The company generated $1.38B operating cash flow, $699M free cash flow, and $1.86B adjusted EBITDAX in the quarter. Full-year 2026 free cash flow outlook raised $600M to ~$2.9B. APA repaid $1.2B debt YTD (including $451M in Q3), reducing total debt $2.8B since year-end 2024 and annualized interest expense by $180M+. Net debt target lowered to $2B from $3B. Returned $537M to shareholders (Q3) including $450M share repurchases (17.8M shares YTD at avg $47.32). Preliminary 2027 capex set at $2.5B.
Why this rating
Strong operational execution, raised FCF guidance (+$600M), aggressive debt reduction ($2.8B since YE24), improved balance sheet trajectory material to a $6.6B company. Routine earnings beat and guidance raise.
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