APA (APA) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 11:45 AM CDT 28 min read

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DATE

Thursday, May 7, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — John J. Christmann

• Chief Financial Officer — Ben C. Rodgers

• President — Stephen J. Riney

• Executive Vice President of Exploration — Tracey K. Henderson

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Full Conference Call Transcript

Stephane Aka: And convey you for joining america connected APA Corporation’s archetypal 4th 2026 fiscal and operational results league call. We volition statesman the telephone with an overview by CEO, John J. Christmann. Ben C. Rodgers, CFO, volition stock further colour connected our results and outlook. Stephen J. Riney, president, and Tracey K. Henderson, enforcement vice president of exploration, are besides connected the telephone and disposable to reply questions. We volition commencement with prepared remarks and allocate the remainder of clip to Q&A. In conjunction with yesterday’s property release, I anticipation you person had the accidental to reappraisal our fiscal and operational supplement, which tin beryllium recovered connected our capitalist relations website astatine investor.apacorp.com.

Please enactment we whitethorn sermon definite non-GAAP fiscal measures. A reconciliation of the differences betwixt these measures and the astir straight comparable GAAP fiscal measures tin beryllium recovered successful the supplemental accusation provided connected our website. Consistent with erstwhile reporting practices, adjusted accumulation numbers cited successful today’s telephone are adjusted to exclude noncontrolling involvement successful Egypt and Egypt taxation barrels. I would similar to punctual everyone that today’s treatment volition incorporate forward-looking estimates and assumptions based connected our existent views and tenable expectations. However, a fig of factors could origin existent results to disagree materially from what we sermon connected today’s call. A afloat disclaimer is located with the supplemental accusation connected our website.

And with that, I volition crook the telephone implicit to John. Good morning, and convey you for joining us.

John J. Christmann: Today, I volition reappraisal our archetypal 4th 2026 results, item our execution against APA Corporation’s strategical priorities, and stock our outlook for the remainder of the year. I privation to archetypal admit the ongoing events successful the Middle East. The escalation successful geopolitical tensions and the quality interaction of the struggle are profoundly concerning. Our thoughts are with those affected. Our teams successful Egypt proceed to run safely and without disruption. We stay successful adjacent coordination with our partners and authorities stakeholders. We person a agelong way grounds of operating successful the country, and our precedence remains the information of our radical and the reliability of our operations.