APA Corp (NASDAQ: APA)

APA Corporation is an independent energy company that explores for develops and produces crude oil natural gas and natural gas liquids. The company conducts operations in the United States Egypt and the offshore United Kingdom North Sea while maintaining exploration interests in Suriname Uruguay Alaska and other international locations. APA Corporation seeks to provide affordable reliable and responsibly produced energy to meet global demand.

APA Corporation generates revenue primarily from the sale of crude oil natural gas and natural gas liquids. In the United States the company sells natural gas to local distribution utilities midstream companies end users marketers and integrated major oil companies at market based indices. Crude oil is sold to integrated major oil companies marketing and transportation companies and refiners based on WTI pricing. Natural gas liquids are sold under contracts tied to Gulf Coast supply and demand. In Egypt substantially all natural gas production is sold to EGPC under a gas sales agreement. Crude oil production in Egypt is sold to third parties in the export market or to EGPC for domestic demand. In the North Sea crude oil and natural gas are sold under term and spot contracts with market based index pricing plus a differential.

APA Corporation operates in a highly competitive industry that includes national oil companies major integrated oil and gas companies other independent oil and gas companies and participants in other energy sectors. The company believes its diversified portfolio of core assets which spans large acreage positions across multiple geographic areas gives it a strong competitive position. Its balanced production mix between oil and gas and its experienced personnel further enhance its competitiveness. APA Corporation’s global footprint provides a broad inventory of geologic opportunities allowing it to reallocate capital in response to price changes and reducing the risk of being materially impacted by events in any single region.

A significant portion of APA Corporation’s revenue comes from sales to the Egyptian General Petroleum Corporation EGPC which accounted for approximately fifteen percent of worldwide revenue in 2025. In the United States the company sells natural gas to local distribution utilities midstream companies end users marketers and integrated major oil companies. Crude oil is sold to integrated major oil companies marketing and transportation companies and refiners. Natural gas liquids are sold under contracts linked to Gulf Coast supply and demand. In Egypt crude oil is sold to third parties in the export market or to EGPC for domestic demand. In the North Sea crude oil and natural gas are sold under term and spot contracts with market based index pricing plus a differential.