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APA (APA)
NASDAQ:APA
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.62Last Year’s EPS
1.17Same Quarter Last Year
Based on 23 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 14.73%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment due to strong first quarter results, significant cost savings, and strategic asset sales for debt reduction. However, there are some challenges, particularly in Egypt's oil volume decline and upward pressure on LOE costs in the Permian.Company Guidance
During APA Corporation's First Quarter 2025 Results Conference Call, significant guidance was provided regarding operational improvements and financial outlook. The company achieved strong first-quarter results, maintaining production within guidance while reducing capital investment. Key metrics highlighted include a $150 million reduction in development capital guidance for the year, and the expectation to sustain Permian oil volumes with only 6.5 rigs, down from the previous requirement of 8 rigs. APA also reported a substantial $800,000 cost reduction per well, contributing to an updated target of $130 million in realized savings and a $225 million annualized run rate savings by year-end. Additionally, the company announced the divestiture of New Mexico Permian properties for $608 million, with proceeds intended for debt reduction. As part of its cost optimization strategy, APA aims to achieve top quartile operational performance, especially in the Permian, and expects its cost and capital efficiency initiatives to underpin free cash flow growth through 2027.Strong First Quarter Results
APA Corporation delivered strong first quarter results with in-line production and lower capital investment relative to guidance, achieving significant improvements in drilling performance.
Cost Reduction Initiatives
APA is making significant progress on cost reduction initiatives, increasing the 2025 savings target to $130 million and annualized run rate savings to $225 million by year-end. Permian drilling efficiencies are the largest driver of capital savings.
Egypt Gas Production
First quarter gas production in Egypt exceeded guidance due to outperformance from the development program and efforts to optimize existing infrastructure. Gas development is now economically attractive relative to oil drilling.
Asset Sale for Debt Reduction
APA signed an agreement to monetize New Mexico Permian properties for $608 million, intending to allocate most of the proceeds toward debt reduction.
Permian Well Cost Savings
Achieved $800,000 in cost savings per well in the Permian, with significant improvements in drilling efficiencies.
Positive Progress in Egypt Receivables
Significant progress in normalizing past due receivables from the Egyptian government, reaching the lowest levels since the end of 2022.
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APA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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APA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $15.48 | $16.18 | +4.52% |
Feb 26, 2025 | $21.66 | $20.09 | -7.25% |
Nov 06, 2024 | $24.07 | $21.35 | -11.30% |
Jul 31, 2024 | $30.06 | $29.95 | -0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does APA (APA) report earnings?
APA (APA) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is APA (APA) earnings time?
APA (APA) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APA EPS forecast?
APA EPS forecast for the fiscal quarter 2025 (Q2) is 0.62.
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