APA Corporation issued supplemental operating results for the third quarter of 2026, highlighting significant share repurchase activity and a substantial net gain from oil and gas transactions. The company realized average oil prices of $87.50 per barrel in the U.S. and $98.50 per barrel internationally, while natural gas prices remained bifurcated with U.S. realizations at $1.45 per Mcf versus $5.00 per Mcf internationally.
Key Highlights
- Recorded a $190 million pre-tax net gain on oil and gas purchases and sales, including an $8 million realized gain from commodity derivatives.
- Repurchased 10.5 million shares of common stock at an average price of $42.78 per share during the third quarter.
- Estimated Egypt tax barrels at 36 MBoe/d for the period.
- Incurred $115 million in general and administrative expenses, which includes $56 million in stock-based compensation largely tied to mark-to-market share price impacts.