EarningsAPA had a strong quarter with production beating estimates and guidance in all three geographies and raised FY24 guidance for oil production despite asset sales.
Financial PerformanceFree cash flow of $99 million was slightly ahead of estimates, showcasing strong financial management and operational efficiency.
SynergiesThe CPE integration is progressing well with APA guiding to $250 million in annual synergies, up from $225 million previously, with most run-rate synergies expected by year-end 2024.