APA Corporation — Aug 5, 2026 release

In Uruguay, we’re pleased to welcome Eni as a strategic partner in OFF-6.” Cost reduction initiatives update Cost reduction initiatives continued to build momentum during the quarter. APA now expects to exit 2026 with approximately $500 million of run-rate savings, an increase from the company's prior $450 million target. This improvement results from continued strong execution across the portfolio, including field-level operating efficiencies, well cost reductions, and ongoing corporate streamlining, all of which are lowering the company's underlying cost structure. Full-year guidance update For full-year 2026, APA is raising its U.S. oil production outlook to 123,000 barrels of oil per day while maintaining U.S. capital at $1.3 billion. Total company upstream capital investment is expected to be $2.07 billion, reflecting slightly lower exploration spend due to a shift in timing of Suriname Block 58 exploration activity. Lease operating expenses guidance has been lowered by $25 million to $1.5 billion, reflecting ongoing cost savings. APA CORPORATION ANNOUNCES SECOND-QUARTER 2026 FINANCIAL AND OPERATIONAL RESULTS — PAGE 4 of 6 Conference call APA will host a conference call to discuss its second-quarter 2026 results at 10 a.m. Central time, Thursday, Aug. 6. 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 o