APA bought back 10.5 million shares in the third quarter, flags $190 million trading gain
APA Corporation repurchased 10.5 million of its own shares during the third quarter at an average price of $42.78, roughly $449 million in buybacks, the oil and gas producer said in a preliminary update filed Wednesday.
The Houston-based company also expects to book a $190 million pre-tax net gain on oil and gas purchases and sales for the quarter, including an $8 million realized gain from commodity derivatives.
APA released the figures ahead of its full third-quarter report to help investors and analysts with their own estimates. The company cautioned that actual results could vary materially as it finishes its quarter-end closing.
What APA got for its oil and gas
APA's estimated average realized prices for the quarter:
- U.S. oil: $87.50 a barrel; international oil: $98.50
- U.S. natural gas liquids: $26.00 a barrel; international: $155.00
- U.S. natural gas: $1.45 per thousand cubic feet; international: $5.00
The company said the international natural gas liquids price was higher than in prior quarters mainly because of low volumes and the timing of revenue recognition.
Other moving parts
APA estimated weighted-average basic shares of 348 million for the quarter. It incurred about $115 million in general and administrative expenses during the quarter, including $56 million of stock-based compensation, most of it tied to mark-to-market effects of APA's share price.
The update also listed $25 million in pre-tax dry hole costs and 36,000 barrels of oil equivalent per day in Egypt tax barrels.
APA will discuss full results on a conference call at 10 a.m. Central time on Thursday, Nov. 5.
By the numbers
- Shares repurchased in Q3: 10.5 million at an average $42.78
- Approximate buyback spend: $449 million
- Net gain on oil and gas purchases and sales: $190 million (pre-tax)
- General and administrative expense: about $115 million
- Weighted-average basic shares: 348 million
- Results call: Nov. 5, 10 a.m. CT
Sources
- APA Corporation Form 8-K, filed Oct. 7, 2026, accession 0001841666-26-000058
- Exhibit 99.1, APA Corporation press release dated Oct. 7, 2026
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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