APA announced second-quarter 2026 financial and operational results
Reported production exceeded guidance, generated $738 million free cash flow, and advanced exploration via Savant acquisition and Eni partnership.
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Oil and gas exploration and production company
apacorp.comLast updated
In short: APA exceeded earnings estimates, raised its Permian oil production forecast, and advanced the GranMorgu project offshore Suriname.
Reported production exceeded guidance, generated $738 million free cash flow, and advanced exploration via Savant acquisition and Eni partnership.
It includes estimated realized prices, production curtailments, and share repurchases.
The deal includes Badami facility and Nutaaq Pipeline, supporting 2026-2027 exploration.
Production averaged 442,000 BOE/day; U.S. oil hit 124,000 bbl/day. Generated $477M free cash flow. Raised full-year U.S. oil outlook to 122,000 bbl/day.
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Some of the largest US oil companies are dialing back capital spending in the country’s shale basins as they use the windfall from high crude prices to boost shareholder returns and pay down debt rather than accelerate production growth.
APA's production in the Permian basin, Egypt, and the North Sea totaled 410,000 boe/d in second-quarter 2026, which was down from about 465,000 boe/d in...
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