AI English summary of an SEC filing — figures as filed

APA said net income attributable to common stock for Q1 2024 was $132 million ($0.44 per diluted share), and adjusted earnings, which exclude items that affect comparability, were $237 million ($0.78 per diluted share).

8-KResults of Operations and Financial ConditionFiled May 2, 2024Period of report May 1, 2024Summary published (UTC) Oct 21, 2026

Key points

AI summary

APA said net income attributable to common stock for Q1 2024 was $132 million ($0.44 per diluted share), and adjusted earnings, which exclude items that affect comparability, were $237 million ($0.78 per diluted share).
APA said it completed its acquisition of Callon Petroleum Company and raised its expected annual cost synergies by 50% to $225 million. The company said it has set its 2024 upstream capital investment plan at $2.7 billion.
The company said reported production for Q1 2024 was 389,000 BOE per day and adjusted production was 320,000 BOE per day. It also said it returned $176 million to shareholders through dividends and share buybacks.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

Q1 Net Income and Adjusted Earnings

APA said net income attributable to common stock for Q1 2024 was $132 million ($0.44 per diluted share), and adjusted earnings, which exclude items that affect comparability, were $237 million ($0.78 per diluted share).

Source · Based on the filing body and exhibits

Callon Acquisition and Annual Cost Synergies

APA said it completed its acquisition of Callon Petroleum Company and raised its expected annual cost synergies by 50% to $225 million. The company said it has set its 2024 upstream capital investment plan at $2.7 billion.

Source · Based on the filing body and exhibits

Q1 Production and Shareholder Returns

The company said reported production for Q1 2024 was 389,000 BOE per day and adjusted production was 320,000 BOE per day. It also said it returned $176 million to shareholders through dividends and share buybacks.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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