NASDAQ$APA

APA Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

APA reported stable Q4 2024 financial performance with increased revenues and strong earnings.

APA Corporation reported Q4 2024 revenue of $2.71 billion and net income attributable to common stock of $354 million. Adjusted EBITDAX was $1.55 billion, and the company generated free cash flow of $420 million. The quarter saw a strong performance despite some operational challenges.

  • Revenue reached $2.71 billion in Q4 2024.
  • Net income attributable to common stock was $354 million.
  • Adjusted EBITDAX stood at $1.55 billion.
  • Generated free cash flow of $420 million.

Headline financials

Total Revenue

$2.71B

Previous: $2.17B+25.1%
EPS (adj)

$0.79

Previous: $1.15-31.3%
Adjusted EBITDAX

$1.55B

Previous: $1.4B+10.7%
Free Cash Flow

$420M

No prior period
Net Cash from Operations

$1.04B

No prior period
Upstream Capital Investment

$568M

No prior period
Capital Expenditures

-$698M

Previous: -$575M-21.4%
Net Income

$354M

Previous: $1.86B-81.0%
Operating Income

$2.24B

Previous: $911M+145.7%
Gross Profit

$998M

Previous: $1.03B-3.1%

Revenue & EPS history

APA · Revenue · Quarterly

$2.71B

Q4 2024+25.1%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

APA Corporation expects stable financial performance in 2025, with capital expenditures of $2.5 to $2.6 billion and total adjusted production of 396,000 BOE per day, a 3% increase from 2024.

Tailwinds

  • Total adjusted production expected to rise to 396,000 BOE per day.
  • Planned upstream capital budget of $2.5 to $2.6 billion.
  • Investment-grade credit rating reaffirmed.
  • Cost-saving initiatives targeting $350 million in annual savings by 2027.
  • Increased investment in Suriname and Permian Basin projects.

Headwinds

  • Declining gross production in Egypt despite adjusted volume growth.
  • Higher capital expenditures required for 2025 expansion plans.
  • Potential fluctuations in commodity prices affecting revenues.
  • Operational challenges in maintaining cost reductions.
  • Geopolitical risks affecting international projects.

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 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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