Cost Savings Target Raised
The Company has raised its expected annualized savings target to $500 million by the end of 2026, an increase of $50 million from its previous guidance.
APA Corp is expected to release its Q3 2026 10-Q filing on November 3, 2026, after market close. Last quarter: APA's Q2 FY2026 results reflected surging oil prices driving earnings growth, offsetting lower output as the company progresses on cost savings and debt reduction.
EPS Estimate
$1.65
Revenue Estimate
$2.39B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the APA page.
Drawn from management commentary in the Q2 2026 10-Q:
The Company has raised its expected annualized savings target to $500 million by the end of 2026, an increase of $50 million from its previous guidance.
APA significantly curtailed natural gas production in the Permian Basin during Q2, including at Alpine High, in response to extreme negative Waha basis differentials, which led to a 74% drop in realized natural gas prices.
The Company entered into an agreement to acquire Savant Alaska, LLC for approximately $70 million, expected to add 104,000 gross acres and approximately 1,500 b/d of oil production, closing by year-end 2026.
EPS (Diluted)
$2.11
+26.35% YoY
Operating Income
$1.28B
+73.21% YoY
Add APA to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.