APA Q3 Earnings Call Highlights Higher Cash Flow and 2027 Plans

APA Corporation raised its 2026 free cash flow forecast to $2.9 billion (up $600 million) and announced a new $2 billion net debt target. The company increased U.S. oil production guidance to 124,000 barrels daily, plans $2.5 billion in 2027 upstream spending, and reaffirmed the GranMorgu Suriname project remains on schedule for mid-2028 first oil. Management targets $500 million in annualized operating and capital savings by year-end 2026 while maintaining shareholder distributions.