In Q2 FY2021 (ended June 30, 2021), APA Corp reported net income of $446 million, operating income of $1,055 million, and diluted EPS of $1.26. Revenue data was not available. Long-term debt stood at $8,715 million as of March 31, 2021.
•Net income of $446 million, up 28.5% year-over-year.
•Operating income of $1,055 million, up 22.0% year-over-year.
•Diluted EPS of $1.26, up 31.3% year-over-year.
•Long-term debt of $8,715 million as of March 31, 2021.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
APA Corporation, an independent energy company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has oil and gas operations in the United States, Egypt, and North Sea.
It also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and globally. Incorporated in 1954, APA is headquartered in Houston, Texas.
APA Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company's operations are primarily focused in three key regions: the United States, Egypt, and the North Sea. Additionally, APA has exploration and appraisal activities in Suriname and holds interests in projects located in Uruguay and other global locations. As an independent energy company, APA does not have integrated downstream operations like refining or marketing; instead, it focuses on the upstream segment of the oil and gas industry, which involves finding and extracting hydrocarbons. The company was incorporated in 1954 and is headquartered in Houston, Texas.
Where is APA Corporation listed and what currency does it trade in?
APA Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol APA. The company trades in U.S. dollars (USD), which is the currency of its home country, the United States. As a publicly traded company on a major U.S. exchange, APA's stock is accessible to investors worldwide, and its financial reporting is conducted in accordance with U.S. generally accepted accounting principles (GAAP). The listing on NasdaqGS provides liquidity and visibility, making it easier for investors to buy and sell shares. The company's market capitalization and trading volumes are influenced by global energy prices and operational performance.
What sector and industry does APA Corporation belong to?
APA Corporation operates in the Energy sector, specifically within the Oil & Gas Exploration and Production (E&P) industry. This means the company is primarily involved in the exploration, development, and production of crude oil and natural gas. Unlike integrated oil companies that also engage in refining and marketing, APA focuses on the upstream segment of the energy value chain. The E&P industry is capital-intensive and subject to fluctuations in commodity prices, geopolitical risks, and technological advancements. As an independent E&P company, APA's financial performance is closely tied to the prices of oil and natural gas, as well as its ability to efficiently manage its resource base and operational costs.
Where is APA Corporation headquartered and what are its main geographic areas of operation?
APA Corporation is headquartered in Houston, Texas, United States. The company has oil and gas operations in three main regions: the United States, Egypt, and the North Sea. In the U.S., APA focuses on onshore and offshore assets, including the Permian Basin and Gulf of Mexico. In Egypt, the company has a significant presence through its subsidiary, with production from the Western Desert. In the North Sea, APA operates in the UK sector. Additionally, APA has exploration and appraisal activities in Suriname, where it is involved in offshore drilling, and holds interests in projects in Uruguay and other global locations. This geographic diversification helps mitigate risks associated with any single region.
How does APA Corporation generate revenue?
APA Corporation generates revenue primarily through the sale of natural gas, crude oil, and natural gas liquids (NGLs) that it produces from its upstream operations. The company's revenue is derived from its production activities in the United States, Egypt, and the North Sea. APA sells its production at market prices, which are influenced by global supply and demand dynamics, geopolitical events, and seasonal factors. The company also generates revenue from its exploration and appraisal activities, such as in Suriname, where successful discoveries can lead to future production. Additionally, APA may earn income from the sale of non-core assets or through joint venture agreements. The company's financial results are highly sensitive to changes in commodity prices.