$APA (Apache Corp.)

$APA {{ '2016-06-03T16:37:23+0000' | timeago}} • SEC

$APA's net cash provided by operating activities for 1Q16 decreased to $276MM from $650MM in the previous year quarter, and net cash used in investing activities fell to $592MM from $2.12Bil last year. Net cash used in financing activities was $147MM compared to cash provided by financing activities of $928MM a year ago.

$APA {{ '2017-10-19T19:27:24+0000' | timeago}} • Announcement

Energy exploration company $APA has elected Margery Harris as EVP of Human Resources. Harris, who joined Apache in 2007 as VP of Human Resources, was promoted to SVP in 2011. Earlier, she had served Texas Genco as SVP of Human Resources.

$APA {{ '2017-10-17T15:48:18+0000' | timeago}} • Announcement

Energy exploration company $APA has completed the divestiture of its subsidiary Apache Canada to Paramount Resources. The deal consists of properties located principally in the provinces of Alberta and British Columbia. The company also finalized the sale of its Provost assets in Alberta to an undisclosed entity, marking a total exit from Canada.

$APA {{ '2017-09-13T14:13:47+0000' | timeago}} • Announcement

Energy exploration company $APA has declared a regular cash dividend of 25 cents per share on its common shares. The dividend is payable on November 22, 2017, to stockholders of record on October 23, 2017.

$APA {{ '2017-08-16T14:39:43+0000' | timeago}} • Announcement

$APA, an oil exploration company, completed sale of its subsidiary Apache Canada Ltd. to Paramount Resources Ltd., which includes properties in Alberta and British Columbia provinces. It also sold its Provost assets in Alberta to an undisclosed firm. Together with June 30 sale of assets at Midale and House Mountain, it has exited from Canada.

$APA {{ '2017-08-03T19:30:25+0000' | timeago}} • Webcast

$APA plans to use a combination of non-core asset sales and the balance sheet to fund its mid-stream build out at Alpine High while funding the expenditures and dividends with cash flow.

$APA {{ '2017-08-03T19:27:21+0000' | timeago}} • Webcast

$APA said that through the combination of expected cash flow from operations and proceeds from recent asset sales, it now has the ability to fund 2017 capital expenditures and dividend program without utilizing balance sheet.

$APA {{ '2017-08-03T19:17:00+0000' | timeago}} • Webcast

$APA's total production bottomed out in 2Q17 and the company has now shifted to a growth trajectory. It expects continued production volume increases at Alpine High and in the Midland Basin, as well as from international regions during the second half of 2017.

$APA {{ '2017-08-03T15:23:17+0000' | timeago}} • Infographic

$APA Apache Corp Earnings AlphaGraphic: Q2 2017 Highlights

$APA {{ '2017-08-03T15:05:51+0000' | timeago}} • Announcement

For 2Q17, $APA delivered production of 460 MBOE per day, down 14% from last year. The company updated its 2017 production guidance to reflect its exit from Canada and now expects production of 457-471 MBOE/D, compared to the previous forecast of 485-503 MBOE/D. The company said its $3.1Bil 2017 budget is not impacted by the Canada exit.

$APA {{ '2017-08-03T14:54:11+0000' | timeago}} • Announcement

$APA expects to complete its previously announced exit from Canada in August. In addition to the total $713MM sales price, the Canadian exit will result in several important financial benefits, including a reduction of approx. $800MM in asset retirement obligations from the balance sheet, said the company.

$APA {{ '2017-08-03T14:51:37+0000' | timeago}} • Announcement

$APA swung back to profit in 2Q17 as flat revenue was more than offset by lower expenses. Net earnings for 2Q17 were $572MM, or $1.50 per share, compared to net loss of $244MM, or $0.65 per share, a year ago. Excluding items, adjusted loss was $0.21 per share vs. $0.26 per share in the year-ago period. Operating expenses were down 17%.

$APA {{ '2017-07-07T11:02:11+0000' | timeago}} • Announcement

$APA said it would complete an exit from Canada upon the closing of three recent transactions. Upon completion of its exit, $APA will realize a significant reduction in asset retirement obligations and annual overhead costs. Total company revenues per BOE, cash margins per BOE, and EPS will also improve with the completion of these transactions.

$APA {{ '2017-07-07T10:55:58+0000' | timeago}} • Announcement

$APA said it would complete an exit from Canada upon the closing of three recent transactions. Aggregate proceeds from the three transactions are approx. US$713MM (C$ 927MM). $APA plans to use these proceeds to fund a portion of its 2017-2018 capital program, to reduce debt, or to improve overall liquidity.

$APA {{ '2017-05-04T19:37:17+0000' | timeago}} • Webcast

In terms of International performance, $APA drilled a couple of non-commercial wells and had couple of underperformed wells in North Sea during 1Q17. The company said it is excited about the Callater project that is coming on line at start of 3Q17. In Egypt, the company got 13 wells on line and more wells to come on line in 2Q17.

$APA {{ '2017-05-04T12:49:21+0000' | timeago}} • Announcement

During 1Q17, $APA operated an average of 30 rigs and drilled and completed 46 gross-operated wells worldwide.

$APA {{ '2017-05-04T12:47:31+0000' | timeago}} • Announcement

For FY17, $APA lowered its LOE guidance range to $8.25 to $8.75 per Boe and upgraded its North American production guidance to 256,000 to 264,000 Boe per day. Capex is expected to be approx $3.1Bil.

$APA {{ '2017-05-04T12:43:50+0000' | timeago}} • Announcement

Energy corporation $APA posted 78% surge in its revenue in 1Q17 to $1.87Bil, riding on improved oil revenues. This helped it swing to a profit of $213MM or $0.56 per share, from a loss of $372MM, or $0.98 per share in the year-ago period. Adjusted for special items, $APA earned $31MM, or $0.08 per share.

$APA {{ '2017-04-25T15:37:46+0000' | timeago}} • Announcement

$APA announced two executive appointments. Brian Freed has been named its SVP, Midstream and Marketing; and Robert Bourne has been named VP, Business Development - Midstream and Marketing.

$APA {{ '2017-02-23T20:25:50+0000' | timeago}} • Webcast

$APA expects the overall North American production to continue to decline into 2Q17 before shifting to a strong growth trend. During 2017, the company expects to average 15 rigs in the Permian Basin and drill approx. 250 wells.

$APA {{ '2017-02-23T20:10:36+0000' | timeago}} • Webcast

$APA said that if commodity prices further improve during 2017, incremental capital will be allocated primarily to the Midland and Delaware basins. For 2Q17, the company expects total production to decline to 372,000-384,000 BoE per day.

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