APA APA Corp
Price Chart
Executive Summary
APA Corp provided preliminary Q1 2026 operational and financial updates, including estimated average realized prices and higher-than-expected G&A expenses due to stock-based compensation. No final earnings or revenue figures were released, and the company reiterated its May 7 earnings call for full results.
Actionable Insight
Monitor the May 7 earnings call for finalized Q1 2026 results, particularly revenue and EPS relative to consensus ($2.20B revenue, $1.10 EPS). The negative realized natural gas price and G&A overage are near-term headwinds.
Key Facts
- APA issued a preliminary update for Q1 2026, disclosing estimated average realized prices: $72.50/bbl oil in the U.S., $85.70/bbl internationally, and negative $0.35/Mcf for U.S. natural gas.
- The company curtailed 88 MMcfd of U.S. natural gas and 6,800 bpd of NGLs due to weak Waha hub prices.
- General and administrative expenses were $115 million, including $25 million in higher-than-expected stock-based compensation due to share price appreciation.
- No actual EPS or revenue results were reported; full financials will be released on May 7.
- This filing supplements the prior 8-K with forward-looking estimates, not finalized financials.
Financial Impact
Supplemental guidance only — no finalized financials reported. Estimated average realized prices provided for oil, NGLs, and natural gas. G&A expenses noted as higher than expected due to mark-to-market on stock compensation.
Risk Factors
- Negative realized natural gas prices in the U.S. due to Waha hub weakness could pressure margins.
- Higher stock-based compensation costs may pressure G&A and overall profitability if share price remains elevated.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001841666-26-000021 |
| Document: a1q26supplementalguide-ear.htm | 0001841666-26-000021 |
| Document: 0001841666-26-000021-index-headers.html | 0001841666-26-000021 |
| Document: 0001841666-26-000021-index.html | 0001841666-26-000021 |
| Document: 0001841666-26-000021.txt | 0001841666-26-000021 |
| 8-K Data (Synthetic) | 0001841666-26-000021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 6, 2026
17d ago
|
8-K
| $36.21 $36.97 | ▲ +2.11% | ▲ +0.61% | $38.80 (+7.16%) |
|
Apr 14, 2026
5w ago
|
8-K
| $36.58 $38.05 | ▲ +4.02% | ▲ +2.38% | $38.80 (+6.08%) |
|
Mar 5, 2026
11w ago
|
Press Release
| $32.68 $34.45 | ▲ +5.42% | ▲ +6.95% | $38.80 (+18.74%) |
US Market Status
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