AI English summary of an SEC filing — figures as filed
APA APAThe company said net income attributable to common stock for Q1 2026 was $446 million ($1.26 per diluted share), compared with $347 million ($0.96 per share) a year earlier. It cited improved margins on third-party purchased oil and gas activity and lower operating expenses from prior-year cost savings as the main drivers.
Key points
AI summaryThe company said net income attributable to common stock for Q1 2026 was $446 million ($1.26 per diluted share), compared with $347 million ($0.96 per share) a year earlier. It cited improved margins on third-party purchased oil and gas activity and lower operating expenses from prior-year cost savings as the main drivers.
APA said operating cash flow for the first 3 months of 2026 was $554 million, $542 million (49%) lower than a year earlier. It attributed the decline to the collection of Egypt receivables in 2025 and timing differences in other working capital items.
The company said crude oil revenue for Q1 2026 was $1.6 billion, up $44 million from a year earlier, while natural gas revenue was $157 million, down $76 million, and NGL revenue was $141 million, down $65 million.
As of March 31, 2026, APA had total debt of $4.4 billion, the company said. It added that on March 15 it repaid $79 million of 7.70% Notes due 2026 at maturity. Since the end of the quarter, it said it paid a total of $425 million on April 6 to repay 2027 and 2028 maturing notes, and $132 million on April 15 to repay 7.95% Notes due 2026.
Key figures
Quarter ended March 31, 2026
- Operating income
- $1.1B
- Net income
- $446M
- EPS
- $1.26
- Operating cash flow
- $554M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
APA reports Q1 2026 net income
The company said net income attributable to common stock for Q1 2026 was $446 million ($1.26 per diluted share), compared with $347 million ($0.96 per share) a year earlier. It cited improved margins on third-party purchased oil and gas activity and lower operating expenses from prior-year cost savings as the main drivers.
Source · Based on the MD&A text of the filing
Operating cash flow declines
APA said operating cash flow for the first 3 months of 2026 was $554 million, $542 million (49%) lower than a year earlier. It attributed the decline to the collection of Egypt receivables in 2025 and timing differences in other working capital items.
Source · Based on the MD&A text of the filing
Crude oil, gas and NGL revenue changes in Q1
The company said crude oil revenue for Q1 2026 was $1.6 billion, up $44 million from a year earlier, while natural gas revenue was $157 million, down $76 million, and NGL revenue was $141 million, down $65 million.
Source · Based on the MD&A text of the filing
Debt repayment and subsequent events
As of March 31, 2026, APA had total debt of $4.4 billion, the company said. It added that on March 15 it repaid $79 million of 7.70% Notes due 2026 at maturity. Since the end of the quarter, it said it paid a total of $425 million on April 6 to repay 2027 and 2028 maturing notes, and $132 million on April 15 to repay 7.95% Notes due 2026.
Source · Based on the MD&A text of the filing
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.
Loading the filing text…