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APA (APA) reported earnings 30 days ago. What's next for the stock?
APA (APA) reachead $20.84 at the closing of the latest trading day, reflecting a +1.12% change compared to its last close.
APA reduces its workforce by 10-15% to cut costs and enhance competitiveness amid declining oil prices and rising automation.
APA and its partners announce promising results from the Sockeye-2 well, confirming a high quality reservoir and unlocking potential in Alaska.
HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation (NYSE, Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary results of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25%.
While the top- and bottom-line numbers for APA (APA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
APA had strong FCF generation in Q4, significantly improving the company's full year performance. I expect FCF generation to reduce in 2025 due to weaker oil prices but offset by improving natural gas fundamentals and lower CAPEX expenses. The company is beginning the four-year journey to bring online the Suriname asset. This asset is expected to product very healthy margins with breakeven levels below $20/barrel.
The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.
Energy stocks like APA, FANG and COP may face near-term volatility, but long-term fundamentals remain intact.
APA bought back 4.6 million shares at $21.90 apiece during the fourth quarter. The company also shelled out $93 million in dividend payments.