Estimated Average Realized Prices – 4Q23 | ||||||
Oil (bbl) | NGL (bbl) | Natural Gas (Mcf) | ||||
International |
39 MBoe/d | |
Realized gain on commodity derivatives (before tax): | |
Dry hole costs (before tax): | |
Net gain on oil and gas purchases and sales (before tax): Includes gain on natural gas purchased and sold to Cheniere. | |
General and Administrative Expense |
* G&A decrease relative to 4Q guidance is primarily the result of mark-to-market impacts on share-based compensation accruals associated with changes in APA’s stock price during the quarter.
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the fourth quarter is 306.2 million, compared with a weighted average of 308 million shares in the third-quarter 2023. The company repurchased 3.2 million shares at an average price of
Year-end 2023 balance sheet items
On
Fourth-quarter 2023 earnings call
APA will host a conference call to discuss its fourth-quarter 2023 results at
About APA
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended
Contacts
Investor: (281) 302-2286 Gary Clark
Media: (713) 296-7276 Alexandra Franceschi
Website: www.apacorp.com
APA-F
Source:
2024 GlobeNewswire, Inc., source