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Apache Corp (APA.N)

APA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Apache Corp qtrly adjusted earnings per share $0.04
Thursday, 2 Nov 2017 08:11am EDT 

Nov 2 (Reuters) - Apache Corp ::Apache corp qtrly earnings per share $0.16.Apache corp qtrly adjusted earnings per share $0.04.Qtrly oil and gas production revenues $1,389‍​ million versus $1,439 million.Qtrly total production was 448,235‍​ boe per day versus 520,115 boe per day.Qtrly total average oil price $49.34 per barrel versus $44.35 per barrel.Capital guidance for 2017 of $3.1 billion remains on track with for the full year‍​.Qtrly total average natural gas price $2.75 per mcf versus $2.59 per mcf."on track to achieve fourth-quarter production targets and end the year with less debt and considerably more cash than the start of 2017"‍​.During q3, averaged 36 operated rigs worldwide, with 17 in Permian, 4 in other North America areas, 12 in Egypt, 3 in North Sea‍​.With recent Canadian divestment, "our portfolio is now increasingly weighted to our permian assets including alpine high".“Across the Permian basin, we are benefiting from the testing and optimization initiatives we put in place during 2016".Third-quarter production in the Permian basin averaged 161,000 boe per day, an 11 percent increase quarter over quarter.Q3 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S.  Full Article

Apache reports Q2 earnings per share $1.50
Thursday, 3 Aug 2017 08:01am EDT 

Aug 3 (Reuters) - Apache Corp ::Reported earnings of $572 million or $1.50 per diluted common share for the second quarter of 2017‍​.Qtrly ‍​adjusted loss per share $0.21.Qtrly total revenue $1,384 million versus $1,382 million last year.Q2 revenue view $1.41 billion -- Thomson Reuters I/B/E/S.Qtrly oil and gas production revenues $1,346 million versus $1,386 million last year.Qtrly production of 460,000 barrels of oil equivalent (boe) per day and qtrly adjusted production of 388,000 boe per day.Qtrly ‍​ adjusted earnings include the effect of dry-hole costs of $0.08 per share, after tax.Capital and lease operating expenses (loe) tracking at or below guidance for the full year.$3.1 billion 2017 budget not impacted by canada exit.Qtrly total average oil price $46.89‍​ per barrel versus $43.14 per barrel.Qtrly total average natural gas price $‍​2.60 per mcf versus $2.04 per mcf.Sees fy general and administrative expenses $425 million.Sees 2017 daily production for north america (ex-canada) 206 mboe/d - 211 mboe/d‍​.2017 total porduction & exploration capex outlook unchanged at $3.10 billion.Sees 2017 total reported production 457 mboe/d - 471 mboe/d.  Full Article

Apache Corp files for potential mixed shelf offering
Wednesday, 19 Jul 2017 06:15pm EDT 

July 19 (Reuters) - Apache Corp :Apache Corp files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Parkway announces short-term renewal with Apache at Post Oak Central
Monday, 12 Jun 2017 08:45am EDT 

June 12 (Reuters) - Parkway Inc ::Parkway announces short-term renewal with Apache Corporation at Post Oak Central.Parkway Inc - has signed a 26-month lease extension with Apache Corporation at Post Oak Central.Parkway Inc - renewal extends all 524,000 square feet currently occupied by apache through February 28, 2022.Parkway - renewal preserves apache's existing 5-year, 10-year renewal options, which would supersede terms of amendment if exercised prior to December 31, 2017.  Full Article

W&T Offshore receives final trial court judgment
Thursday, 1 Jun 2017 04:15pm EDT 

June 1 (Reuters) - W&T Offshore Inc ::W&T Offshore receives final trial court judgment in lawsuit.Received judgment directing company to pay Apache Corp $43.2 million, plus $4.4 million..Court ‍judgment stems from a previously disclosed lawsuit that Apache filed in Dec. 2014 regarding dispute about Apache's use of drilling rigs​.  Full Article

Apache Corp declares cash dividend on common shares
Friday, 12 May 2017 08:30am EDT 

May 12 (Reuters) - Apache Corp :Apache corp - declared regular cash dividend on company's common shares at a rate of 25 cents per share.  Full Article

Apache posts Q1 earnings per share of $0.56
Thursday, 4 May 2017 08:00am EDT 

May 4 (Reuters) - Apache Corp ::Q1 production was 481,110 barrels of oil equivalent (boe) per day versus 541,208 boe per day.Qtrly earnings per share $0.56.Apache’S 2017 capital expenditures are tracking in line with its guidance of $3.1 billion.Q1 oil and gas production revenues $1,512 million versus $1,087 million.Announcing delivery of first gas at alpine high midstream, two months ahead of schedule.Lowered LOE per BOE guidance for full-year 2017.Raising north american production guidance to 256,000 to 264,000 boe per day for full-year 2017.Q1 total revenue $1,878 million versus $1,083 million.Q1 total average oil price $51.20 per barrel versus $31.62 per barrel.LOE is tracking below plan, and the company is reducing full-year 2017 LOE guidance range to $8.25 to $8.75 per boe.Q1 total average natural gas price $2.74 per MCF versus $2.14 per MCF.Qtrly adjusted earnings per share $0.08.Q1 earnings per share view $0.13, revenue view $1.52 billion -- Thomson Reuters I/B/E/S.  Full Article

Apache qtrly net loss of $244 million, or $0.65 per share
Thursday, 4 Aug 2016 08:37am EDT 

Apache Says : Under The Full-Cost method, qtrly net loss would have been $1.58 per share . Now expects to spend at the high end of its 2016 capital guidance range of $1.4 to $1.8 billion. . When adjusted for certain additional items that impact comparability of results, q2 loss was $0.26 per share . In North America onshore, production of 282,000 BOE per day while pro forma international, offshore production was 179,000 BOE per day in quarter . "refrained" from significant development drilling in low commodity-price environment; turned focus to capital efficiency improvements . Apache Corp qtrly revenue $1,382 million versus $2,246 million; qtrly oil and gas production revenue $1,386 million versus $1,991 million . Q2 total average natural gas price $2.04 per MCF versus $2.14 per MCF in q1 . Apache says qtrly net loss of $244 million, or $0.65 per share . Apache says qtrly total worldwide production of 535,000 boe per day and pro forma production of 461,000 boe per day . "as oil prices have begun to show modest signs of improvement relative to the first quarter, apache is slowly deploying incremental capital " . Recently added a rig in midland basin, is maintaining operations on two platform rigs in north sea, and accelerating strategic testing initiatives . "on track to deliver production in line with the increased guidance provided last quarter".  Full Article

Apache says changed method of accounting for oil and gas exploration during Q2
Wednesday, 3 Aug 2016 06:58am EDT 

Apache Corp : During Q2, changed method of accounting for oil and gas exploration and development activities from full-cost to successful-efforts method .Second-Quarter 2016 results, which will be released August 4, 2016, will reflect change.  Full Article

Apache declared regular cash dividend of 25 cents/share
Thursday, 12 May 2016 04:33pm EDT 

Apache Corp :Declared regular cash dividend of 25 cents per share.  Full Article

BRIEF-Apache Corp qtrly adjusted earnings per share $0.04

* Qtrly oil and gas production revenues $1,389‍​ million versus $1,439 million