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APA Corporation — Nov 6, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-24-252752
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Adjusted BOE production growth
“mid-single digit adjusted BOE growth”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 11
Upstream capital investment for Q4 FY2024
“approximately $645 million”
Upstream capital investment for Q4 FY2024
“approximately $645 million”
Incremental capital for Suriname, Alaska and… for Q4 FY2024
“$80 million”
Capital budget for FY2025
“$2.5 to $2.6 billion”
Capital allocated to Suriname development ac… for FY2025
“$200 million”
Suriname development activity allocation for FY2025
“$200 million”
Capital allocated to other exploration, prim… for FY2025
“$100 million”
Exploration allocation, primarily in Alaska for FY2025
“$100 million”
Permian Basin rig program for FY2025
“eight-rig”
Egypt rig program for FY2025
“12-rig”
Adjusted BOE production growth for FY2025
“mid-single digit adjusted BOE growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
At this investment level, the company expects to run an eight-rig program in the Permian Basin and a 12-rig program in Egypt, which includes one rig dedicated to natural gas following the signing of a new gas pricing agreement. The company expects this program will roughly sustain adjusted oil production in the U.S. and Egypt, while delivering mid-single digit adjusted BOE growth. APA CORPORATION ANNOUNCES THIRD-QUARTER 2024 FINANCIAL AND OPERATIONAL RESULTS — PAGE 3 of 5   Conference Call APA will host a conference call to discuss its third-quarter 2024 results at 10 a.m. Central time, Thursday, Nov. 7. The conference call will be webcast from APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com . Additional Information Additional information follows, including reconciliations of adjusted earnings, adjusted EBITDAX, upstream capital investment, net debt, cash flows from operations before changes in operating assets and liabilities and free cash flow (non-GAAP financial measures) to GAAP measures and information regarding adjusted production. APA’s quarterly suppl
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.