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APA Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
Cost-Savings Target RaisedThrough the first half of 2026, APA generated more than $1.2 billion in free cash flow, Rodgers said.
Rodgers said APA expects lease operating expense for the full year to total $1.5 billion, $25 million below prior guidance.
APA expects its gas trading portfolio, including basis hedges, to generate about $950 million of pretax cash flow in 2026.
Gross gas production increased during the quarter, and APA said about half of its gas production now benefits from the revised pricing agreement.
About APA (NASDAQ:APA)APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources.