APA Corp curtails U.S. gas output on weak Waha prices in second quarter
APA Corporation released supplemental second-quarter 2026 information, not full results, covering realized prices, production curtailments, share repurchases and expenses. The filing says the company curtailed U.S. natural gas and natural gas liquids output because Waha hub prices were weak or negative, and it will hold a results call on Aug. 6 at 10 a.m. Central time. Shareholders get a partial view of the quarter now, with the complete results still to come.
Key points
- Curtailed about 137 MMcf/d of U.S. natural gas and 12,300 barrels per day of U.S. natural gas liquids production in the second quarter
- Repurchased 2.8 million shares at an average price of $35.25 per share in the second quarter; estimated weighted-average basic shares were 353 million
- Net gain on oil and gas purchases and sales was $345 million before tax, including a $109 million realized loss from commodity derivatives
- Second-quarter results conference call scheduled for Thursday, Aug. 6 at 10 a.m. Central time
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 July 08, 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.