$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 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.

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

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.

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 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.

During 4Q16, $APA operated an average of 18 rigs and drilled and completed 29 gross-operated wells worldwide. At year-end 2016, worldwide estimated proved reserves totaled 1.3Bil barrels of oil equivalent (Boe), down from 1.6Bil Boe at year-end 2015.

$APA's budgeted oil and gas capital investment for 2017 is $3.1Bil. The company said approx. 65% of the investment will be directed to growth opportunities in the Permian Basin, of which $500MM will be for infrastructure at Alpine High. The company also provided a preliminary view into 2018 capital, with an expected budget for the year of $3.2Bil.

$APA narrowed its loss in 4Q16, helped by the 77% YoY decline in cost and expenses. The company posted net loss attributable to common stock of $182MM or $0.48 per diluted share, compared with a net loss of $4Bil or $10.62 per share in 4Q15. Excluding items, $APA posted loss of $0.06 per share. Revenue was $1.45Bil, down from $1.48Bil a year ago.

$APA BoD declared a regular cash dividend on the company's common shares of $0.25 per share, payable on Feb. 22, 2017, to stockholders of record on Jan. 22, 2017.

In 4Q16, $APA plans to increase development drilling activity in the Midland Basin with the addition of three rigs. This will bring the total number of rigs drilling in the Midland Basin to five and will help contribute to the Permian Region's return to a growth trajectory in 2H17.

$APA's 2016 capital expenditures are tracking in line with its guidance of $2Bil. $APA expects to end 2016 at high end of North American Onshore production guidance of 268,000-278,000 barrels of oil equivalent (Boe) per day and at midpoint of International and Offshore production estimate of 170,000-180,000 Boe per day.

In 3Q16, $APA reported global production of 520,000 barrels of oil equivalent (Boe) per day and adjusted production of 438,000 Boe per day, which excludes Egypt noncontrolling interest and tax barrels. In North America Onshore, production was 270,000 Boe per day while adjusted International and Offshore production was 168,000 Boe per day.

Oil and natural gas producer $APA reported a narrower 3Q16 loss driven by lower costs and expenses despite a decline in revenue. Net loss narrowed to $607MM or $1.60 per share from $4.14Bil or $10.95 per share last year. Revenue fell to $1.44Bil from $1.53Bil. Adjusted loss per share narrowed to $0.03 from $0.09.

$APA declared a regular cash dividend of $0.25 per share on the company's common shares, payable on Nov. 22, 2016, to stockholders of record on Oct. 21, 2016.