APA Corporation released supplemental information on October 7, 2026, providing estimated financial and operational figures for its third quarter of 2026. The Houston-based company, listed on the Nasdaq under the ticker APA, stated that these estimates are intended to assist investors and analysts in formulating their own projections, noting that actual results may vary materially pending the finalization of its financial reporting process.
In its estimated average realized prices for the third quarter, APA projected that United States oil would fetch $87.50 per barrel, natural gas liquids (NGL) would average $26.00 per barrel, and natural gas would reach $1.45 per million cubic feet. For its international operations, the company estimated oil prices at $98.50 per barrel and natural gas at $5.00 per million cubic feet. The estimated NGL price for international markets was listed at $155.00, a figure the company attributed primarily to low volumes and the timing of revenue recognition.
APA also disclosed specific operational costs and gains for the period. The company estimated dry hole costs before tax at $25 million. Additionally, it projected a net gain on oil and gas purchases and sales before tax of $190 million, which includes an $8 million realized gain from commodity derivatives. The firm also noted tax barrels in Egypt totaling 36 MBoe/d.
On the capital allocation front, APA reported repurchasing 10.5 million shares during the third quarter at an average price of $42.78 per share. The company estimated its weighted-average basic common shares outstanding for the quarter to be 348 million.
General and administrative expenses for the third quarter were estimated at approximately $115 million. A significant portion of this total, $56 million, was attributed to stock-based compensation, which the company explained mostly reflects the mark-to-market impacts of its share price during the quarter.
APA Corporation has scheduled a conference call to discuss its third-quarter 2026 results for Thursday, November 5, at 10 a.m. Central time. The call will be webcast from the company's website at www.apacorp.com and investor.apacorp.com, with a replay available for one year on the Investors page following the event.
The company cautioned that its release includes forward-looking statements as defined by federal securities regulations. APA stated that these statements are subject to risks and uncertainties, including the completion of quarter-end closing procedures, final determination of realized prices, and subsequent events that could cause actual results to differ from its expectations.