APA Q1 net income rises to $446 million; revenue falls to $2.3 billion
APA Corporation reported first-quarter 2026 net income attributable to common stock of $446 million, or $1.26 per diluted share, up from $347 million, or $0.96, a year earlier. Total revenues fell to $2.33 billion from $2.64 billion, and the company raised its full-year 2026 U.S. oil production outlook to 122,000 barrels per day.
Key points
- Net income attributable to common stock was $446 million, or $1.26 per diluted share, versus $347 million, or $0.96, in the first quarter of 2025.
- Adjusted earnings were $489 million, or $1.38 per diluted share, versus $385 million, or $1.06, a year earlier.
- Total revenues were $2,327 million versus $2,636 million in the first quarter of 2025.
- Free cash flow was $477 million, and APA repaid $634 million in near-term bond maturities through April 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits 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 May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.