APA Corporation, parent of Apache, reported that natural gas production from Apache’s Egyptian operations averaged 381 million cubic feet per day (mmcf/d) in the first quarter (Q1) of 2026, up 20% from the same period in 2025.

Meanwhile, Apache’s Egypt assets contributed 86,736 barrels per day (bbl/d) to APA’s oil output in Q1 2026, compared with 86,173 bbl/d in the corresponding quarter of 2025.

As for the volume of barrels of oil equivalent (boe) during the first three months of 2026, Egypt’s output averaged 71,000 boe/d, 8 % higher than the corresponding quarter of 2025. This, according to the APA’s press release, “reflects production sharing contract (PSC) impacts associated with higher oil prices.”

Apache is APA’s operating company, responsible for oil and gas production across Egypt, the United States, the North Sea, and Suriname

As for the second quarter (Q2), Apache’s gross gas production in Egypt is expected to rise to 540 mmcf/d, “driven by continued success in the gas-focused drilling program”, noted the press release.

For the full-year 2026, the company reaffirmed its prior guidance range of 540–550 mmcf/d for Egypt’s gross gas production.

In general, APA’s net income before income taxes in the first quarter of 2026 came at $ 830 million compared to $763 million in the same period of 2025.

For the second quarter (Q2), Apache’s gross gas production in Egypt is expected to rise to 540 mmcf/d, driven by continued success in the gas-focused drilling program. The company anticipates US oil production of 121,000 bbl/d. Upstream capital investment is projected at approximately $575 million.

For the full-year 2026, the company reaffirmed its prior guidance range of 540–550 mmcf/d for Egypt’s gross gas production. Additionally, Apache has raised its US oil production outlook to 122,000 bbl/d, reflecting strong uptime and continued efficiency gains in the Permian Basin.