APA Apache Corp.
Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.
Company profile
Ticker
APA
Exchange
Website
CEO
John J. Christmann
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
APACHE OIL CORP
SEC CIK
Corporate docs
IRS number
410747868
Calendar
28 Feb 20
7 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 1.63B | 1.44B | 1.6B | 1.65B | |
| Net income | -2.98B | -170M | -360M | -47M | |
| Diluted EPS | -7.89 | -0.45 | -0.96 | -0.12 | |
| Net profit margin | -183% | -11.82% | -22.53% | -2.84% | |
| Operating income | -2.89B | 175M | 124M | 408M | |
| Net change in cash | 84M | -386M | 222M | -387M | |
| Cash on hand | 247M | 163M | 549M | 327M | |
| Cost of revenue | 76M | 66M | 76M | 88M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 6.41B | 7.42B | 6.42B | 5.35B | |
| Net income | -3.55B | 40M | 1.3B | -1.41B | |
| Diluted EPS | -9.43 | 0.11 | 3.41 | -3.71 | |
| Net profit margin | -55.42% | 0.54% | 20.30% | -26.24% | |
| Operating income | -2.19B | 1.82B | 1.19B | -803M | |
| Net change in cash | -467M | -954M | 291M | -90M | |
| Cash on hand | 247M | 714M | 1.67B | 1.38B | |
| Cost of revenue | 306M | 348M | 195M | 200M |
Financial data from Apache earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 31 Mar 20 | Joyce Rene R | Restricted Stock / Units Common Stock | Grant | Aquire A | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Bay Annell R | Restricted Stock / Units Common Stock | Option exercise | Dispose M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Bay Annell R | Phantom Stock Units Common Stock | Option exercise | Aquire M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Ellis Juliet S | Restricted Stock / Units Common Stock | Option exercise | Dispose M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Ellis Juliet S | Restricted Stock / Units Common Stock | Grant | Aquire A | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Ellis Juliet S | Phantom Stock Units Common Stock | Option exercise | Aquire M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Joyce Rene R | Restricted Stock / Units Common Stock | Option exercise | Dispose M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Bay Annell R | Restricted Stock / Units Common Stock | Grant | Aquire A | 0 | 0 | 0 | 0 |
| 31 Mar 20 | Joyce Rene R | Phantom Stock Units Common Stock | Option exercise | Aquire M | 0 | 0 | 0 | 0 |
| 31 Mar 20 | John E Lowe | Restricted Stock / Units Common Stock | Option exercise | Dispose M | 0 | 0 | 0 | 0 |
Institutional ownership Q4 2019
96.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 515 |
| Opened positions | 79 |
| Closed positions | 94 |
| Increased positions | 137 |
| Reduced positions | 220 |
13F shares |
Current |
|---|---|
| Total value | 9.47B |
| Total shares | 363.38M |
| Total puts | 12.14M |
| Total calls | 30.93M |
| Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
|---|---|---|
| Dodge & Cox | 55.09M | $1.41B |
| Vanguard | 44.1M | $1.13B |
| BLK BlackRock | 25.31M | $647.66M |
| STT State Street | 20.59M | $526.91M |
| Harris Associates L P | 20.56M | $526.22M |
| Davis Selected Advisers | 20.13M | $515.17M |
| BEN Franklin Resources | 17.42M | $445.79M |
| Baillie Gifford & Co | 16.67M | $426.68M |
| Orbis Allan Gray | 15.91M | $407.21M |
| Hotchkis & Wiley Capital Management | 15.86M | $405.78M |
Financial report summary
?Management Discussion
- Apache’s mission is to grow in an innovative, safe, environmentally responsible, and profitable manner for the long-term benefit of its stakeholders. Apache is focused on rigorous portfolio management, disciplined financial structure, and optimization of returns.
- Apache Corporation, a Delaware corporation formed in 1954, is an independent energy company that explores for, develops, and produces natural gas, crude oil, and NGLs. Apache currently has exploration and production operations in three geographic areas: the U.S., Egypt, and offshore the U.K. in the North Sea (North Sea). Apache also has exploration interests in Suriname and other international locations that may, over time, result in reportable discoveries and development opportunities. Apache’s midstream business is operated by Altus Midstream Company through its subsidiary Altus Midstream LP (collectively, Altus). Altus owns, develops, and operates a midstream energy asset network in the Permian Basin of West Texas. Additionally, Altus owns equity interests in a total of four Permian Basin pipelines that will access various points along the Texas Gulf Coast, providing it with fully integrated, wellhead-to-water connectivity.
- Apache’s U.S. unconventional assets are complemented by its conventional international assets in Egypt and the North Sea, each of which adds to the Company’s inventory of exploration and development opportunities and generates cash flows in excess of current capital investments, facilitating the Company’s ability to develop its onshore U.S. properties while maintaining financial flexibility in a volatile commodity price environment. Apache’s diverse portfolio and asset inventory allows for very flexible allocation of capital across the portfolio. Consistent with this strategy, Apache closely monitors hydrocarbon pricing fundamentals and will reallocate capital as part of its ongoing planning process. For additional detail on the Company’s forward capital investment outlook, refer to the “Capital and Operational Outlook” below.
Content analysis
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New words:
addressing, admitted, aggressively, Albert, allegedly, Allen, Alpha, alter, anniversary, back, Bahariya, bifurcated, bifurcation, Bigie, billable, bound, Breviloba, Campanian, capture, categorized, certified, Channel, compressor, contrary, corroborative, covenant, Crane, decentralized, disappointing, dispersant, divided, dock, EBITDA, EllisJuliet, embedded, emphasizing, employed, flaring, Flesch, floating, forma, Gardendale, GPT, Hobson, implicit, Inline, insufficient, intention, Interbank, invoice, JoyceRene, Juliet, junior, jury, led, Lee, leverage, magnitude, Maka, mathematical, membership, methane, MMbbl, NaN, Noncurrent, notification, operatorship, orderly, Orla, output, Overnight, package, Paramount, PHP, PIK, Port, prioritize, prioritizing, procure, professional, punitive, ran, rank, recommend, redesign, remand, remanded, rendered, repositioned, resell, Rhea, robust, ROU, Santonian, Sapakara, SCERP, Ship, Simplification, SOFR, solid, Sour, station, subsea, TCJA, tenure, thereunto, tied, TRS, twelve, unclear, uncontrolled, unconventional, upper, USD, verdict, WellCONTAINED, Wild, windstorm, Wink
Removed:
accomplished, accretive, American, Australia, Callater, Canyon, carrier, classify, Cleveland, context, Continuance, cyber, deep, delineation, delinquent, discontinued, earlier, efficiency, expanding, george, Granite, GTP, hereunto, imaging, indexed, intensive, interim, internationally, knowledge, lawrence, Lime, Marmaton, merger, mobilized, narrative, newer, nonvested, noted, pad, positioned, recording, refundable, retired, shallow, standby, subsalt, substrata, targeted, Tonkawa, traditionally, translating, unlocking, untested, vintage, Wash, westernmost
Financial reports
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
1 Mar 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
3 May 18
10-K
2017 FY
Annual report
23 Feb 18
10-Q
2017 Q3
Quarterly report
3 Nov 17
Current reports
8-K
Departure of Directors or Certain Officers
2 Apr 20
8-K
Departure of Directors or Certain Officers
4 Mar 20
8-K
Apache Corporation Announces Fourth-Quarter and Full-Year 2019
27 Feb 20
8-K
Departure of Directors or Certain Officers
10 Dec 19
8-K
Apache Corporation Announces Third-quarter 2019
31 Oct 19
8-K
Apache Corporation Announces Second-quarter 2019
1 Aug 19
8-K
Entry into a Material Definitive Agreement
10 Jun 19
8-K
Submission of Matters to a Vote of Security Holders
28 May 19
8-K
Apache Corporation Announces First-quarter 2019
2 May 19
8-K
Apache Corporation Announces Fourth-quarter and Full-year 2018
28 Feb 19
Registration and prospectus
FWP
Free writing prospectus
11 Jun 19
424B2
Prospectus for primary offering
6 Jun 19
FWP
Free writing prospectus
6 Jun 19
424B5
Prospectus supplement for primary offering
5 Jun 19
424B2
Prospectus for primary offering
16 Aug 18
FWP
Free writing prospectus
14 Aug 18
424B5
Prospectus supplement for primary offering
14 Aug 18
S-3ASR
Automatic shelf registration
19 Jul 17
S-8 POS
Registration of securities for employees (post-effective amendment)
12 Jul 16
S-8
Registration of securities for employees
24 Jun 16
Proxies
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
3 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 19
DEFA14A
Additional proxy soliciting materials
15 May 18
DEFA14A
Additional proxy soliciting materials
10 May 18
DEFA14A
Additional proxy soliciting materials
8 May 18
DEF 14A
Definitive proxy
9 Apr 18
DEFA14A
Additional proxy soliciting materials
9 Apr 18
DEF 14A
Definitive proxy
28 Mar 17
Other
UPLOAD
Letter from SEC
28 May 19
CORRESP
Correspondence with SEC
21 May 19
UPLOAD
Letter from SEC
8 May 19
UPLOAD
Letter from SEC
11 Oct 16
CORRESP
Correspondence with SEC
5 Oct 16
UPLOAD
Letter from SEC
22 Sep 16
UPLOAD
Letter from SEC
5 Oct 15
CORRESP
Correspondence with SEC
25 Sep 15
UPLOAD
Letter from SEC
11 Sep 15
CORRESP
Correspondence with SEC
28 Jul 15
Ownership
4
APACHE / Chansoo Joung ownership change
1 Apr 20
4
APACHE / Peter A Ragauss ownership change
1 Apr 20
4
APACHE / Daniel Wayne Rabun ownership change
1 Apr 20
4
APACHE / Amy H Nelson ownership change
1 Apr 20
4
APACHE / William C Montgomery ownership change
1 Apr 20
4
APACHE / JOHN E LOWE ownership change
1 Apr 20
4
APACHE / RENE R JOYCE ownership change
1 Apr 20
4
APACHE / Juliet S Ellis ownership change
1 Apr 20
4
APACHE / Annell R Bay ownership change
1 Apr 20
4
APACHE / David A Pursell ownership change
16 Mar 20
Patents
GRANT
Utility
Methods for statistical prediction of well production and reserves
22 Oct 19
A method for optimizing a well production forecast includes inputting into a computer: initial production rate measurements and probability distributions to estimate production forecast model parameters.
GRANT
Utility
Natural gas liquids recovery from pressure swing adsorption and vacuum swing adsorption
15 Oct 19
Methods and systems for continuous pressure swing adsorption separation of a pressurized feed gas stream, the method including separating hydrocarbons heavier than methane from the pressurized feed gas stream to produce at least two product streams, a first product stream being substantially pure methane, and a second product stream being substantially comprised of components with a greater molecular weight than methane.