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
Capital for the development of the GranMorgu project
“$275 million”
Period
FY2025
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
Given the magnitude of these opportunities, it is clear we have upside to our three-year goal.” GranMorgu project update In Suriname, full-year 2025 capital guidance for the development of the 220,000 barrels of oil per day GranMorgu project was raised to $275 million, reflecting additional milestone payments expected in the second half of the year; total project costs remain unchanged. APA’s carried interest structure continues to support favorable project economics. APA and its partner, TotalEnergies, remain on track for first oil from Suriname Block 58 in mid-2028. “I would like to commend our partner, TotalEnergies, on their execution of the GranMorgu project since announcing FID last fall,” Christmann said. “Project costs remain unchanged, and we remain on track for first oil by the middle of 2028,” he concluded. APA CORPORATION ANNOUNCES SECOND-QUARTER 2025 FINANCIAL AND OPERATIONAL RESULTS — PAGE 4 of 6 2025 Sustainability Report The company recently released its 2025 Sustainability Publications . This year, APA simplified its reporting into two documents: “Our Approach to Sustainability” details the ongoing sustainability programs and initiatives, and the “2025 Sustainability Progress Report” contains progress on 2024 goals, annual highlights, key performance data and new goals for 2025. Conference call APA will host a conference call to discuss second-quarter 2025 results at 10 a.m. Central time, Thursday, Aug. 7. The conference call w
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.