Debt ReductionAPA has reduced the LTD target to $3.0B, which compares to 2Q debt level of $4.4B, already the lowest in recent history.
Exploration SuccessAPA's exploration program drilled two discoveries in Alaska, with Sockeye-2 showing better reservoir properties than regional analog fields.
Operational EfficiencyShares outperformed because of capital efficiency, with run-rate efficiencies of $300m nearing the YE27 target of $350m.