APA reported Q4 2025 net income attributable to common stock of USD 279 million (USD 0.79 per diluted share), with adjusted earnings of USD 324 million (USD 0.91 per diluted share). Q4 adjusted EBITDAX was USD 1.2 billion, net cash provided by operating activities was USD 808 million and free cash flow was USD 425 million; APA returned USD 154 million to shareholders via dividends and share repurchases. Q4 reported production was 460,000 BOE/day and adjusted production was 387,000 BOE/day; U.S. oil production averaged 132,000 bbl/day, and Egypt gross gas production rose about 10% year-over-year. For FY 2025, APA delivered net cash provided by operating activities of USD 4.5 billion, free cash flow of USD 1.0 billion and adjusted EBITDAX of USD 5.4 billion, and returned USD 640 million to shareholders. FY reported production averaged 464,000 BOE/day and adjusted production averaged 392,000 BOE/day (386,000 BOE/day excluding non-core U.S. asset sales). APA said it reduced total debt to less than USD 4.5 billion and net debt to less than USD 4.0 billion at year-end, achieved USD 350 million in run-rate controllable spend savings by year-end 2025, and is targeting USD 450 million by year-end 2026. The company also reported worldwide proved reserves up 9% to 1,056 million BOE at year-end 2025, including 734 million BOE proved developed, and said a Permian inventory review validated about 10 years of economic inventory with technical upside. For 2026, APA guided to total upstream capital of USD 2.1 billion (a 10% reduction versus 2025), including USD 230 million for GranMorgu development and USD 70 million for exploration in Suriname Block 58 and Alaska, with total adjusted production expected to average 371,000 BOE/day. U.S. oil production is expected at 120,000 to 122,000 bbl/day, while Egypt gross production is expected to slightly grow year-over-year with gas production expected to increase 13% to 15% and adjusted production expected to remain consistent at 72,000 BOE/day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. APA Corporation published the original content used to generate this news brief on February 25, 2026, and is solely responsible for the information contained therein.