APA Corporation Provides Third-Quarter 2025 Supplemental Information and Schedules Results Conference Call for Nov. 6 at 10 a.m. Central Time

HOUSTON, Oct. 08, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2025 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2025. 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 third-quarter 2025 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 third-quarter 2025.

Estimated Average Realized Prices – 3Q25
	Oil (bbl)		NGL (bbl)		Natural Gas (Mcf)
United States	$66.00		$20.00		$0.70
International	$68.50		$40.00		$4.20

Egypt tax barrels:	37 - 38 MBoe/d
Dry hole costs (before tax):	$4 - $6 million
Net gain on oil and gas purchases and sales (before tax)*:	$177 million

        *Includes the impact of realized gain/loss from commodity derivatives

Egypt payments and impact on net debt and free cash flow

Based on the strong, longstanding partnership with the Government of Egypt, APA received substantial payments from the Egyptian General Petroleum Corporation (EGPC) during the third quarter. Egypt receivables have now returned to normalized levels.

Following the payments from EGPC, APA made proportional distributions to its non-controlling interest partner in Egypt. Total distributions to the partner were $173 million during the third quarter, compared to $126 million and $91 million in the first and second quarters respectively. As a reminder, APA’s definition of free cash flow excludes changes in working capital, thus, these payments from Egypt do not increase APA’s free cash flow for the quarter. However, the definition of free cash flow does include partner distributions, which reduces free cash flow. As a result of these positive developments, net debt and free cash flow were both lower than previously expected.