APA said it generated full-year 2023 net cash from operating activities of $3.1 billion, adjusted EBITDAX of $5.3 billion and free cash flow (FCF) of $965 million. The company also said it returned $637 million, or 66% of FCF, to shareholders.

1. 01

   APA said it generated full-year 2023 net cash from operating activities of $3.1 billion, adjusted EBITDAX of $5.3 billion and free cash flow (FCF) of $965 million. The company also said it returned $637 million, or 66% of FCF, to shareholders.

2. 02

   APA Corporation reported net income attributable to common stock of $1.8 billion ($5.78 per diluted share) for Q4 2023, and adjusted earnings of $352 million ($1.15 per diluted share) after certain items.

3. 03

   The company said it plans an upstream capital budget of $1.9 to $2.0 billion for 2024 and will return at least 60% of FCF to shareholders.

4. 04

   APA said it announced the acquisition of Callon Petroleum Company in January to expand its Delaware Basin operations. It also said it estimated recoverable oil resources of about 700 million barrels at Sapakara and Krabdagu on Block 58 offshore Suriname.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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