Cost ManagementAPA highlighted expectations to reduce its companywide cost structure by approximately 10-15% in 2025, primarily through interest expense savings and lower G&A costs.
Financial PerformanceGas trading activities driven by the Cheniere gas supply contract have been extremely profitable in FY24 and are expected to generate ~$500mm of FCF on the year.
International AgreementsIn Egypt, the company APA recently reached an agreement with the government to increase the contractual price for incremental natural gas volumes, and added a dedicated rig for gas exploration in the country.