Short answer
APA Corporation (APA) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026.
Q1 2026 key financials · XBRL
- Net income
- $446M
- +28.5% YoY
- EPS (diluted)
- $1.26
- +31.3% YoY
Source: XBRL data from the APA Corporation (APA) Q1 2026 10-Q on SEC EDGAR. USD.
APA Corporation Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Exploration and development cash expenditures $542M, down from $777M YoY
- Drilling rigs averaged 17 vs 22 YoY, reflecting efficiency gains in Permian Basin and Egypt
- Cash $293M vs $516M at December 31, 2025; total debt $4.4B vs $4.493B
- Capital deployment: $79M debt repayment, $88M dividends, and $65M Sinopec distributions
- Headwind: $878M estimated contingent decommissioning liabilities for Legacy GOA Assets
Risk Factors
- New geopolitical risk: Iran conflict escalation could disrupt energy infrastructure, transit routes, and global commodity markets
- Most material update: Strait of Hormuz instability driving shipping delays, rerouting, and higher transportation and insurance costs
- Cybersecurity risk: State-sponsored actors targeting energy companies and critical infrastructure could cause operational disruptions or data loss
- Egypt exposure: Regional instability could restrict foreign-currency access, delay payments, and hinder fund repatriation
- Market risk: Conflict de-escalation could trigger a rapid commodity-price decline, reducing revenues and operating results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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