APA Corp Q1 2026: Strong Results & Growth Ahead

APA Corporations Q1 2026 earnings showcase solid results with net income of $446 million, or $1.26 per share, driven by robust operations. Free cash flow reached $477 million, with $88 million returned to shareholders. Operations in the Permian basin and Egypt performed well, with increased production and reliability. Full-year U.S. oil production outlook is now 122,000 barrels per day, while upstream capital remains steady at $2.1 billion. Despite geopolitical tensions, APA maintains safe operations in Egypt and focuses on long-term strategy. Cost cuts aim for $450 million in run-rate savings, and they target $2.2 billion in full-year free cash flow, with Surinames Grand Morgue project set to reach first oil in 2028. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ff498d4c24ee5a91