NASDAQ$APA
APA Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced financial and operational results for Q4 2021.
APA Corporation reported a net income of $382 million, or $1.05 per share, and an adjusted earnings of $468 million, or $1.29 per share. Net cash from operating activities was $1.1 billion and adjusted EBITDAX was $1.3 billion.
- Reported production of 386,000 barrels of oil equivalent (BOE) per day; adjusted production was 331,000 BOE per day.
- Net cash from operating activities was $1.1 billion and adjusted EBITDAX was $1.3 billion.
- Initiated a 60% capital return framework for shareholders, raised dividend for the second time in 2021, and repurchased $847 million of stock.
- Modernized production sharing contracts in Egypt, which will result in production and free cash flow uplift.
Headline financials
Revenue & EPS history
APA · Revenue · Quarterly
$2.4B
Forward guidance
APA is expecting to generate approximately $6.5 billion of FCF over the next three years based on a WTI price of $78/barrel (3-year strip) and is budgeting 2022 upstream capital investment of $1.6 billion.
Tailwinds
- Expecting to generate approximately $6.5 billion of FCF over the next three years based on a WTI price of $78/barrel (3-year strip).
- Budgeting 2022 upstream capital investment of $1.6 billion, of which $200 million is dedicated to exploration and appraisal activities, primarily in Suriname.
- Continuing to streamline portfolio; $805 million mineral rights sales package in the Delaware Basin to close by the end of February.
- Establishing new short-term incentive compensation-linked ESG goals for 2022 including reducing upstream routine flaring in Egypt by 40%.
- Introducing a long-term incentive compensation ESG goal to reduce carbon dioxide emissions by 1 million tonnes annually from projects by 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
-0.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.8%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+20.2%
Q2 2020
Best reaction
-14.6%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.7% | -11.5% | -11.8% | |
| Q4 2025 | +0.0% | +14.4% | +59.4% | |
| Q3 2025 | +9.1% | +13.5% | +25.1% | |
| Q2 2025 | +8.0% | +13.2% | +26.0% | |
| Q1 2025 | +4.5% | +19.3% | +19.5% | |
| Q4 2024 | -7.2% | -15.6% | -5.0% | |
| Q3 2024 | -7.0% | -5.9% | -9.1% | |
| Q1 2024 | -7.2% | -4.8% | -2.9% | |
| Q4 2023 | -2.5% | -4.4% | +8.0% | |
| Q3 2023 | -0.1% | -1.1% | -8.9% | |
| Q2 2023 | +3.5% | +4.8% | +12.0% | |
| Q1 2023 | -6.1% | -3.7% | -2.0% | |
| Q4 2022 | +2.8% | +3.1% | -9.3% | |
| Q3 2022 | +3.3% | +8.1% | +2.9% | |
| Q2 2022 | -14.6% | -10.4% | +8.0% | |
| Q1 2022 | -2.9% | -11.7% | +13.6% | |
| Q4 2021 | -3.5% | +4.7% | +26.6% | |
| Q3 2021 | +6.6% | +12.3% | -6.3% | |
| Q2 2021 | -3.8% | -4.6% | +4.7% | |
| Q1 2021 | +6.2% | +8.5% | +16.1% | |
| Q4 2020 | +1.9% | -1.2% | -4.9% | |
| Q3 2020 | +2.7% | +11.7% | +73.9% | |
| Q2 2020 | +20.2% | +18.0% | +13.0% | |
| Q1 2020 | +0.8% | +2.1% | +36.4% | |
| Q4 2019 | -1.7% | +0.1% | -80.9% | |
| Q3 2019 | -1.8% | +11.2% | +1.0% | |
| Q2 2019 | +0.1% | -3.5% | -10.5% | |
| Q1 2019 | -9.5% | -6.5% | -20.8% | |
| Q4 2018 | +0.3% | +1.8% | +4.7% | |
| Q3 2018 | -2.8% | +0.3% | -6.2% | |
| Q2 2018 | -3.5% | -0.8% | -4.7% | |
| Q1 2018 | -4.7% | -2.4% | -3.7% | |
| Q4 2017 | -2.9% | -6.5% | -0.5% | |
| Q3 2017 | +1.2% | +7.0% | +4.7% | |
| Q2 2017 | -5.6% | -7.9% | -17.6% | |
| Q1 2017 | +1.0% | +3.4% | -3.7% | |
| Q4 2016 | -2.7% | -4.2% | -8.5% | |
| Q3 2016 | -5.6% | -4.3% | +9.5% | |
| Q2 2016 | -4.0% | -2.9% | -0.9% | |
| Q1 2016 | +6.1% | — | — | |
| Q4 2015 | +2.3% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | +1.5% | — | — | |
| Q2 2013 | +2.2% | — | — | |
| Q1 2013 | +7.2% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -4.7% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -1.7% | — | — | |
| Q2 2011 | -4.3% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q1 2010 | +2.4% | — | — |
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