APA Corp Q1 2026 update: $244 million net gain, U.S. gas output curtailed
APA Corporation released supplemental first-quarter 2026 figures ahead of full results, which it will discuss on a May 7 conference call. The company reported a $244 million net gain on oil and gas purchases and sales before tax, which includes a $66 million realized loss from commodity derivatives, and general and administrative expenses of $115 million. It also curtailed U.S. natural gas and natural gas liquids output in response to weak or negative Waha hub prices, and the filing gives no revenue or earnings per share figures.
Key points
- Net gain on oil and gas purchases and sales was $244 million before tax, including a $66 million realized loss from commodity derivatives.
- General and administrative expenses were $115 million, including about $25 million of higher-than-expected stock-based compensation tied to the share price increase.
- APA curtailed about 88 MMcf/d of U.S. natural gas and 6,800 barrels per day of U.S. natural gas liquids production in the first quarter due to weak or negative Waha hub prices.
- Full first-quarter 2026 results will be discussed on a conference call on Thursday, May 7, at 10 a.m. Central Time.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.