APA Corp. said first-quarter 2026 average realized prices came in at $72.50 a barrel for U.S. oil, $19.80 a barrel for U.S. natural gas liquids and negative $0.35 per thousand cubic feet for U.S. natural gas. Internationally, the company reported realized prices of $85.70 a barrel for oil, $49.20 a barrel for NGLs and $4.60 per mcf for natural gas.
The company also reported Egypt tax barrels of 43 mboe/d for the quarter.
APA said it curtailed about 88 mmcf/d of U.S. natural gas production and 6,800 barrels per day of U.S. NGL production in the quarter because of weak or negative Waha hub prices.
On costs, APA said dry hole costs before tax totaled $11 million, while net gain on oil and gas purchases and sales before tax reached $244 million. That figure included a $66 million realized loss from commodity derivatives.
General and administrative expenses totaled $115 million in the quarter. APA said about $25 million of that increase came from higher-than-expected stock-based compensation tied to mark-to-market effects from the company’s share price increase during the period.
APA is scheduled to report first-quarter 2026 results on May 7 at 10 a.m. Central time. The market has reacted to these announcements by moving the company's shares 3.58% to a price of $42.80. For the full picture, make sure to review APA Corp's 8-K report.
