Disclosure and Internal Control Developments Since Annual Baseline
Based on the quarterly filings through March 31, 2026, there have been no material changes or new developments reported regarding APA Corp’s disclosure controls or internal control over financial reporting since the annual baseline established in December 2025.
Conclusion on Controls Effectiveness
Management has maintained its conclusion that both disclosure controls and procedures remain effective as of March 31, 2026. This assessment confirms that the company's existing controls are designed to ensure required information is accurately recorded, processed, summarized, reported within specified timeframes, and communicated timely for decision-making purposes.
Internal Control Over Financial Reporting (ICFR) Status
The status of internal financial reporting controls has remained stable:
- Material Weaknesses: No material weaknesses or significant deficiencies in the company's ICFR were identified as of March 31, 2026.
- Changes to Controls: The filing for the quarter ended March 31, 2026, reported no changes to internal controls that are reasonably likely to materially affect the ICFR.
In summary, all key areas—including control effectiveness, identified deficiencies, and material changes—remain consistent with the baseline established in the December 31, 2025 annual report.