153 0 Kommentare APA Corporation Provides Fourth-Quarter 2023 Supplemental Information and Schedules Results Conference Call for Feb. 22 at 10 a.m. Central Time

HOUSTON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain fourth-quarter 2023 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the fourth-quarter 2023. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect fourth-quarter 2023 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for fourth-quarter 2023.

Estimated Average Realized Prices – 4Q23
	Oil (bbl)	NGL (bbl)	Natural Gas (Mcf)
United States	$79.00	$20.00	$1.60
International	$83.00	$48.00	$4.50

Egypt tax barrels:	39 MBoe/d
Realized gain on commodity derivatives (before tax):	$5 million
Dry hole costs (before tax):	$21 million
Net gain on oil and gas purchases and sales (before tax): Includes gain on natural gas purchased and sold to Cheniere.	$98 million
General and Administrative Expense	$70 million

* G&A decrease relative to 4Q guidance is primarily the result of mark-to-market impacts on share-based compensation accruals associated with changes in APA’s stock price during the quarter.

Weighted-average shares outstanding

The estimated weighted-average basic common shares for the fourth quarter is 306.2 million, compared with a weighted average of 308 million shares in the third-quarter 2023. The company repurchased 3.2 million shares at an average price of $37.63 per share, during the period.

Year-end 2023 balance sheet items

On Dec. 31, 2023, APA’s net debt was $5.1 billion, down $389 million from the end of the third quarter 2023.