APA Corp. reports Q4 adjusted EPS $1.15, consensus $1.35

Reports Q4 revenue $2.17B, consensus $2.05B. “The continuation of our exceptional well performance and execution in the Permian Basin drove APA‘s strong results in 2023,” said John J. Christmann IV, APA’s chief executive officer. “We generated nearly $1 billion in free cash flow and returned 66% to shareholders. On the exploration front, our successful appraisal program in Suriname identified an estimated recoverable oil resource of 700 million barrels for Sapakara and Krabdagu, and we added onshore acreage in Alaska and two offshore blocks in Uruguay, which expands and diversifies our exploration portfolio.”