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APA Corporation NEWS RELEASE APA Corporation Announces Third - Quarter 2021 Financial and Operational Results Key Takeaways Reported production of 389,000 barrels of oil equivalent ( BOE ) per day ; adjusted production , which excludes Egypt noncontrolling interest and tax barrels , was 336,000 BOE per day ; Generated net cash from operating activities of $ 771 million and adjusted EBITDAX of $ 1.16 billion ; Committing to return a minimum of 60 % of Free Cash Flow to shareholders through dividends and stock repurchases ; Increasing annualized dividend from $ 0.25 to $ 0.50 per share ; repurchased 14.7 million shares in October ; Completed $ 1.7 billion bond tender in August , significantly strengthening the balance sheet ; and Ended routine flaring onshore U.S. , achieving goal three months ahead of schedule . HOUSTON , Nov. 3 , 2021 - APA Corporation ( Nasdaq : APA ) today announced its financial and operational results for the third - quarter 2021 . APA reported a loss of $ 113 million , or $ 0.30 per diluted common share . When adjusted for items that impact the comparability of results , predominately a $ 446 million undiscounted net contingency recognized for asset retirement obligations associated with previously divested Gulf of Mexico properties , APA's third - quarter earnings were $ 372 million , or $ 0.98 per diluted share . Net cash provided by operating activities was $ 771 million , and adjusted EBITDAX was $ 1.16 billion , making it the strongest quarterly performance of the year . The company anticipates the fourth quarter will be even stronger . " APA delivered another excellent quarter , driven by strong U.S. well performance , continued capital and cost discipline , and better - than - expected commodity prices , " said John J. Christmann IV , APA's CEO and president . " We generated $ 1.3 billion of Free Cash Flow in the first three quarters of 2021 , and , at current strip pricing , we anticipate approximately $ 2 billion for the full - year . With the substantial strengthening of our balance sheet , a streamlined and more profitable enterprise and a planned capital program that will sustain or slightly grow production for the long term , we are committing to returning a minimum of 60 % of our Free Cash Flow to shareholders . This began with the repurchase of 14.7 million