APA Corporation (APA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the APA Corporation Fourth Quarter and Full Year 2025 Financial and Operational Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Stephan Aka, Managing Director of Investor Relations. Please go ahead. Good morning, and thank you for joining us on APA Corporation's fourth quarter and full year 2025 Financial and Operational Results Conference Call. We will begin the call with an overview by CEO John Chrisman. Steve Reine, President, will then provide an update on our Permian inventory, and Ben Rogers, CFO, will share further color on our results and outlook. Tracy Henderson, Executive Vice President of Exploration, is also on the call and available to answer questions. We will start the call with prepared remarks and allocate the remainder of time to Q&A. In conjunction with yesterday's press release, I hope you have had the opportunity to review our financial and operational supplement, which can be found on our investor relations website at investor.apacorp.com. Please note that we may discuss certain non-GAAP financial measures. A reconciliation of the differences between these measures and the most directly comparable GAAP financial measures can be found in the supplemental information provided on our website. Consistent with previous reporting practices, adjusted produ...