Earnings Call Summary | Apache(APA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Apache(APA.US) Q1 2024 Earnings Conference
The following is a summary of the APA Corporation (APA) Q1 2024 Earnings Call Transcript:
以下是APA公司（APA）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
APA Corporation reported Q1 net income of $132 million or $0.44 per diluted share, with adjusted net income at $237 million or $0.78 per share.
The company showed upstream capital investment of $568 million, below the previous guidance due to deferred expenditure.
A total of $176 million was returned to shareholders through dividends and share repurchases.
After the Callon acquisition, yearly guidance includes Q1 APA standalone results, and three quarters of combined APA and Callon performance.
The company recognizes the need for debt reduction to avoid fluctuating between investment and non-investment grades, and intends to sell non-core assets and target the received proceeds for debt reduction.
APA公司公佈的第一季度淨收益爲1.32億美元，攤薄每股收益爲0.44美元，調整後淨收益爲2.37億美元，合每股收益0.78美元。
由於延期支出，該公司顯示上游資本投資爲5.68億美元，低於先前的預期。
通過分紅和股票回購共向股東返還了1.76億美元。
收購Callon後，年度指引包括APA第一季度的獨立業績，以及APA和Callon合併業績的四分之三。
該公司認識到需要減少債務，以避免投資和非投資級別之間的波動，並打算出售非核心資產，將收到的收益用於債務減免。
Business Progress:
業務進展：
The company highlighted its fifth consecutive quarter of meeting or exceeding U.S. oil production guidance, with a 16% increase in U.S. oil volumes from Q1 2023.
APA successfully completed the acquisition of Callon, expanding its Permian Basin footprint significantly and revising expected synergies from the acquisition upward to $225 million from $150 million.
The company is optimizing capital efficiency in Egypt by adjusting its drilling to workover rig ratio and planning to finalize the FEED study for its first development project in Suriname by year-end.
APA expects improved capital productivity in the second half of 2024 through workflow enhancements and other modifications.
Despite the inclusion of Callon's assets, the company anticipates strong momentum towards the end of 2024.
A strategic balance is sought by APA Corporation in terms of drilling new wells versus conducting more financially efficient workovers, aiming for a balance in their operations in Egypt and the Permian Basin. The company is targeting more progress on debt reduction by the end of the year alongside meeting its 60% shareholder return commitment.
該公司強調其連續第五個季度達到或超過美國的石油產量預期，與2023年第一季度相比，美國的石油產量增長了16％。
APA成功完成了對Callon的收購，大幅擴大了其二疊紀盆地的足跡，並將收購的預期協同效應從1.5億美元上調至2.25億美元。
該公司正在通過調整鑽井與修井機的比率來優化埃及的資本效率，並計劃在年底之前完成其在蘇里南的第一個開發項目的FEED研究。
APA預計，通過工作流程的改進和其他修改，2024年下半年資本生產率將得到提高。
儘管納入了Callon的資產，但該公司預計到2024年底將保持強勁勢頭。
APA Corporation在鑽探新油井與進行更具財務效率的修井方面尋求戰略平衡，目標是平衡其在埃及和二疊紀盆地的業務。該公司的目標是在年底之前在債務減免方面取得更多進展，同時兌現其60％的股東回報率承諾。
More details: Apache IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。