APA Q2 profit rises to $747 million; raises U.S. oil production guidance
APA Corporation reported second-quarter 2026 net income attributable to common stock of $747 million, or $2.11 per diluted share, up from $603 million, or $1.67 per diluted share, a year earlier. The company raised its full-year 2026 U.S. oil production outlook to 123,000 barrels per day and lowered its lease operating expense guidance by $25 million, which points to higher expected output and lower costs for shareholders.
Key points
- Net income attributable to common stock was $747 million, or $2.11 per diluted share, in Q2 2026, versus $603 million, or $1.67 per diluted share, in Q2 2025.
- Adjusted second-quarter earnings were $669 million, or $1.89 per diluted share.
- Full-year 2026 U.S. oil production guidance was raised to 123,000 barrels per day, and lease operating expense guidance was lowered by $25 million to $1.5 billion.
- Expected 2026 exit run-rate cost savings were raised to $500 million from the prior $450 million target.
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 August 05, 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.