APA Corp. Estimates Q1 2026 Oil Price at $72.50
APA Corp. provided supplemental information regarding certain first-quarter 2026 financial and operational results. The company estimates average realized prices oil in the U.S. in Q1 of $72.50 per barrel and $85.70 per barrel internationally. APA curtailed approximately 88 MMcf/d of U.S. natural gas production and 6,800 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak or negative Waha hub prices. During the first quarter, APA incurred general and administrative expenses totaling $115 million. This includes approximately $25 million of higher-than-expected stock-based compensation, reflecting mark-to-market impacts of APA's share price increase during the quarter.
