APA expects $2.9 billion in free cash flow for 2026
APA•APA forecasts $2.9 billion in 2026 free cash flow and $2.1 billion in upstream capital spending. It raised full-year U.S. oil production guidance to 124,000 barrels per day and expects about $650 million in share repurchases in November and December.
1. 2026 outlook
APA forecasts 2026 free cash flow of $2.9 billion, with upstream capital spending of $2.1 billion. It raised full-year U.S. oil production guidance to 124,000 barrels per day after third-quarter output exceeded guidance by 4,000 barrels per day. The company expects about $650 million in share repurchases in November and December, and projects year-end net debt of about $3 billion.
2. Savings and 2027 plans
Annualized savings remain on track to exceed $680 million, including more than $180 million in achieved interest savings. Preliminary 2027 upstream capital spending is $2.5 billion, targeting similar year-over-year production in the U.S. and Egypt.
