HighGravityDataAPA Corporation — Aug 6, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001841666-25-000012
Showing in the filing
Run-rate savings
“$350 million”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 16
Run-rate savings for FY2026
“$350 million”
Three-year cost reduction run-rate savings t… for FY2026
“$350 million in run-rate savings in 2026”
Egypt new acreage drilling start for FY2025
“by the end of the year”
Permian rig count / flat volumes
“six rigs”
Permian capital reduction for FY2025
“$130 million reduction in original Permian capital guidance”
Long-term net debt target for the long term
“$3 billion”
Return of free cash flow to shareholders thr…
“60%”
Shareholder return commitment (% of free cas…
“60% of free cash flow”
In-year (realized) cost savings target for FY2025
“$200 million”
Realized savings target for FY2025
“$200 million”
Year-end run-rate savings target for FY2025
“$300 million”
Year-end run-rate savings target
“$300 million”
Capital for the development of the GranMorgu… for FY2025
“$275 million”
GranMorgu (Suriname) full-year capital for FY2025
“$275 million”
First oil timing, Suriname Block 58 for FY2028
“mid-2028”
First oil from Suriname Block 58
“mid-2028”
Exhibit 99.1 · the passage around this item
… earlier in the release
to a step change in drilling efficiencies; now expect to keep Permian volumes flat with six rigs, down from six and a half rigs mentioned in May; • Accelerated three-year cost reduction initiatives, targeting to achieve $350 million in run-rate savings in 2026 instead of by year-end 2027; raised 2025 in-year and year-end run-rate savings targets; • Reduced net debt by more than 15% during the quarter while returning $140 million to shareholders through dividends and share repurchases; and • Secured presidential approval for the direct award of approximately 2 million acres of additional leasehold in Egypt, increasing footprint by more than 35%. HOUSTON, Aug. 6, 2025 – APA Corporation (Nasdaq: APA) today announced its financial and operational results for the second quarter of 2025. APA reported net income attributable to common stock of $603 million, or $1.67 per diluted share. When adjusted for items that impact the comparability of results, APA’s second-quarter earnings were $313 million, or $0.87 per diluted share. Net cash provided by operating activities was $1.2 billion and adjusted EBITDAX was $1.3 billion. “Our strong second-quarter results reflect the continued momentum across our entire portfolio as a result of the hard work and dedication of the APA team,” said John J. Christmann IV, CEO of APA Corporation. “In the Permian, our progress is evident in the numbers, where we exceeded production guidan
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.