APA (APA) Q3 adj. EPS $1.94 vs $1.57 est.
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APA Corp. reported third-quarter 2026 adjusted earnings of $1.94 per diluted share, beating the $1.57 consensus estimate, on net income attributable to common stock of $698 million. The company returned $537 million to shareholders, including $450 million of buybacks, and repaid $451 million of debt, bringing total debt reduction to $2.8 billion since year-end 2024. APA raised its full-year 2026 free cash flow outlook to roughly $2.9 billion and lowered its net debt target to $2 billion while reiterating $500 million of run-rate cost savings by year-end. Investors will watch execution against the newly set preliminary 2027 capital budget of $2.5 billion, with exploration and the GranMorgu development driving about 60% of the year-over-year increase.
Muhabbit's AI wrote this summary in its own words from SEC EDGAR's report. It can get details wrong, so check the source.
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APA Corporation, APA (APA)
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