APA

Houston, Texas-based APA Corporation (APA) is an independent energy company engaged in the exploration and production of oil and natural gas. With a market capitalization of about $12.1 billion, the company operates in the U.S., Egypt, the U.K., and offshore Suriname, focusing on responsible energy production, operational safety, sustainability, shareholder value, and meeting growing global energy demand. APA is set to report its Q2 earnings on Wednesday, August 5, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of $1.88, up 116.1% from $0.87 in the year-ago quarter. APA has exceeded Wall Street's EPS estimates in each of the last four quarters, which is impressive. Micron Stock Is Off 31% From Its High. Why This Could Be the Best Time to Buy. Michael Saylor’s Bitcoin Treasury Company Strategy Is Falling Apart This Red-Hot AI Infrastructure Stock Just Made a Game-Changing Move. How to Play NBIS Here. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts expect the company to report EPS of $4.98, up 32.1% from $3.77 in fiscal 2025. APA stock has delivered impressive gains over the past year, rising 89% over the past 52 weeks, outperforming both the S&P 500 Index ($SPX), which returned 20.3%, and the State Street Energy Select Sector SPDR ETF (XLE), which climbed 32.4% during the same period. On July 13, APA Corporation shares rose 2.9% after renewed U.S. military strikes on Iran and heightened tensions around the Strait of Hormuz lifted crude oil prices. The increased risk of supply disruptions improved the revenue outlook for exploration and production companies, boosting investor sentiment toward oil producers such as APA. However, analysts are taking a wait-and-see approach on APA, with an overall "Hold" rating. Among the 27 analysts covering the stock, six recommend a "Strong Buy," two rate it a "Moderate Buy," 16 suggest "Hold," and three recommend a "Strong Sell." The average price target of $41.44 implies a potential upside of 20.9% from the current share price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally publish...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. APA stock has logged a 127.5% return over the past five years, and the current valuation checks still point to it screening cheap rather than stretched. That combination of a strong long run and a positive valuation read is drawing attention to whether the recent share price now fully reflects the risks and opportunities around the business. Over five years, APA has returned 127.5%, which puts the current share price in the spotlight as investors assess how much of the story is already reflected. Higher realized oil prices and expanded activity in Alaska can support revenue and cash flow expectations, while exposure to weak or even negative U.S. natural gas pricing remains a key risk for earnings quality. On Simply Wall St’s broader checks, APA screens as undervalued in 6 of 6 valuation tests, suggesting the stock leans cheap across multiple lenses rather than relying on a single metric. The issue now is whether APA’s current price still leaves enough upside, relative to its risks, to justify that strong value signal. APA delivered 92.9% returns over the last year. See how this stacks up to the rest of the Oil and Gas industry. The P/E ratio is a useful cross check for APA because it ties the share price directly to the earnings power that supports dividends, buybacks and reinvestment. APA currently trades on a P/E of 8.0x, compared with an Oil and Gas industry average of about 13.7x and a broader peer group average of roughly 11.9x, so the stock is priced at a visible discount to many comparable producers. On Simply Wall St’s fair multiple framework, which looks at factors such as APA’s profitability profile, scale and sector risks, the stock would line up closer to a P/E of 14.3x. That is above the current 8.0x, suggesting the market is ascribing a lower earnings multiple than this model indicates. In light of recent news around stronger realized oil prices, curtailed U.S. gas output and the Savant Alaska acquisition, APA still trades at a P/E that points to a cheaper earnings tag than both peers and the tailored fair value marker. On the P/E multiple, APA stock currently appears undervalued compared with both sector norms and its modelled fair earnings ratio. See what the numbers say about this price — find out in our valuation breakdown. Sim...

HOUSTON, July 08, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain second-quarter 2026 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second quarter of 2026. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect second-quarter 2026 results. Actual results and the impact of factors identified here may vary and are subject to finalization of the financial reporting process for the second quarter of 2026. *Includes $109 million realized loss from commodity derivatives Production update APA curtailed approximately 137 MMcf/d of U.S. natural gas production and 12,300 barrels per day of U.S. natural gas liquids production in the second quarter in response to weak or negative Waha hub prices. Weighted-average shares outstanding The estimated weighted-average basic common shares for the second quarter are 353 million. APA repurchased 2.8 million shares at an average price of $35.25 per share during the second quarter. General and administrative During the second quarter, APA incurred general and administrative expenses totaling $65 million. This includes approximately $10 million in stock-based compensation, reflecting the mark-to-market impacts of APA’s share price during the quarter. Second-quarter 2026 earnings call APA will host a conference call to discuss its second-quarter 2026 results at 10 a.m. Central time, Thursday, Aug. 6. The conference call will be webcast on APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Forward-looking statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E o...

The Zacks Oil and Gas - Exploration and Production - United States industry remains closely tied to commodity prices, and firm crude prices are giving domestic producers a useful cash-flow lift. Higher oil realizations can support drilling, debt reduction and shareholder returns, especially as global supply concerns keep the value of reliable U.S. production in focus. Still, the picture is not without pressure. Rising service, labor, maintenance and decommissioning costs can limit upside, while weak natural gas prices may weigh on producers with meaningful gas exposure. Even so, the industry’s improving discipline is encouraging. Companies are focusing on better wells, controlled spending, workovers and free cash flow rather than growth at any cost. The group’s Zacks Industry Rank in the top 50% and rising 2026 earnings estimates point to a healthier near-term setup. Against this backdrop, APA Corporation APA, W&T Offshore WTI and Ring Energy REI stand out as attractive names to watch. About the Industry The Zacks Oil and Gas - US E&P industry consists of companies primarily based in the domestic market and focused on the exploration and production (E&P) of oil and natural gas. These firms find hydrocarbon reservoirs, drill oil and gas wells, and produce and sell these materials to be refined later into products such as gasoline, fuel oil, distillate, etc. The economics of oil and gas supply and demand are the fundamental drivers of this industry. In particular, a producer’s cash flow is primarily determined by the realized commodity prices. In fact, all E&P companies' results are vulnerable to historically volatile prices in the energy markets. A change in realizations affects their returns, causing them to alter their production growth rates. The E&P operators are also exposed to exploration risks where drilling results are comparatively uncertain. 4 Key Trends to Watch in the Oil and Gas - US E&P Industry Higher Oil Prices Can Quickly Lift Cash Flow: The U.S. exploration and production industry remains highly sensitive to oil prices. When crude prices rise, producers usually see a direct benefit because each barrel sold brings in more cash. That can improve margins, fund drilling, support debt reduction and leave more room for shareholder returns. Current geopolitical tensions also keep attention on energy security and a reliable domestic supply. This hel...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. APA Corporation (APA) has filed a shelf registration for up to US$880.1 million of common stock, covering 24,160,000 shares in an ESOP related offering. This provides investors with a new event to evaluate the stock’s recent move. See our latest analysis for APA. APA’s share price has pulled back 4.3% over the past day and 4.5% over the past month, but a 44.2% year to date share price return and 105.9% 1 year total shareholder return suggest momentum has been strong over a longer window. The new shelf registration adds a fresh angle to how investors weigh that move against the company’s recent fundamentals. If the ESOP related offering has you revisiting your energy exposure, it could also be a useful moment to broaden your search using a power grid and infrastructure focused list such as 33 power grid technology and infrastructure stocks. With APA stock up sharply over the past year, trading at US$36.57 with analyst targets implying some upside and intrinsic models flagging a 59% discount, you have to ask: is this a genuine opportunity, or is future growth already priced in? The most followed narrative currently pegs APA's fair value at $43.27, above the last close at $36.57, framing the ESOP related move against a wider long term story. Read the complete narrative. Read the complete narrative. Want to see what sits behind that confidence in free cash flow and margins? The narrative leans on tightly modeled earnings, flat topline assumptions, and a richer future earnings multiple. Result: Fair Value of $43.27 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are clear pressure points too, including APA’s reliance on oil and gas, along with higher decommissioning and compliance costs that could squeeze future margins and cash generation. Find out about the key risks to this APA narrative. With both risks and rewards in play, does the current mood around APA line up with your own read of the numbers and narrative? Take a closer look at the full balance of 4 key rewards and 3 important warning signs APA might be front of mind today, but some of the most interesting opportunities often sit just outside your current watchlist, so do not miss them. Spot potential bargains early by scanning s...

Earlier this week, APA Corporation filed an $880.15 million shelf registration for 24,160,000 common shares in an ESOP-related offering. This comes shortly after APA’s first-quarter 2026 earnings topped expectations on higher realized oil prices and lower expenses, highlighting how cost control is supporting profitability. Next, we’ll examine how stronger-than-expected earnings, underpinned by higher realized oil prices, influence APA’s existing investment narrative and risk profile. Invest in the nuclear renaissance through our list of 88 elite nuclear energy infrastructure plays powering the global AI revolution. To own APA, you need to believe that disciplined cost control, resilient free cash flow, and disciplined capital allocation can offset commodity price swings and long term transition risks. The new US$880.15 million ESOP related shelf registration looks incremental rather than a major shift, while the key near term swing factor remains how sustained higher realized oil prices and tight cost control flow through to earnings versus the ongoing risk of weaker gas pricing and regional operational disruptions. The most relevant recent announcement here is APA’s first quarter 2026 earnings beat, with adjusted EPS of US$1.38 supported by higher realized oil prices and lower expenses. That result reinforces the current catalyst narrative that cost efficiencies and disciplined spending are helping APA convert revenue into profits and free cash flow more effectively, even as production portfolios shift by region and natural gas curtailments highlight how exposed the company remains to local price volatility. Yet behind the recent earnings strength and ESOP related issuance, investors should be aware that concentrated exposure to Egypt and other international assets still leaves APA vulnerable to... Read the full narrative on APA (it's free!) APA’s narrative projects $8.4 billion revenue and $1.7 billion earnings by 2029. This implies fairly flat yearly revenue growth and about a $0.2 billion earnings increase from $1.5 billion today. Uncover how APA's forecasts yield a $43.27 fair value, a 18% upside to its current price. Some of the lowest analysts are far more cautious than the consensus, assuming revenues could fall to about US$6.4 billion and earnings to roughly US$941 million, so if you are weighing APA’s recent earnings beat and the ESOP shelf alongsi...

A month has gone by since the last earnings report for APA (APA). Shares have added about 5.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is APA due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for APA Corporation before we dive into how investors and analysts have reacted as of late. APA Corporation reported first-quarter 2026 adjusted earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.01. The bottom line rose from the year-ago adjusted profit of $1.06. The outperformance was primarily driven by higher realized oil prices and lower year-over-year expenses. Revenues of $2.2 billion were down 15.2% from the year-ago quarter’s sales but beat the Zacks Consensus Estimate by 4.8%. Meanwhile, APA continues to reward its shareholders, having paid out $88 million in dividends during the first quarter of 2026. Production of oil and natural gas averaged 442,352 BOE/d, which comprised 69% liquids. The figure was down 6% from the year-ago quarter but surpassed our expectation of 439,997 BOE/d. U.S. output (accounting for 60% of the total) fell 11% year over year to 264,720 BOE/d, but production from the company’s international operations increased 4.1% to 177,632 BOE/d. APA’s oil and natural gas liquids (NGLs) production was 304,947 barrels per day (Bbl/d). Natural gas output totaled 824,426 thousand cubic feet per day (Mcf/d). The average realized crude oil price during the first quarter was $78.69 per barrel, up 6.7% from the year-ago realization of $73.73. The number also significantly surpassed our projection of $56.74. The average realized natural gas price fell to $2.12 per thousand cubic feet (Mcf) from $2.81 in the year-ago period and missed our estimate of $3.62. APA’s first-quarter lease operating expenses totaled $362 million, down 11% from $407 million in the year-ago period. Moreover, an 84.2% drop in purchased oil/gas costs meant that total operating expenses decreased nearly 25% from the corresponding period of 2025 to $1.4 billion. The number was below our model projection of $1.5 billion. During the quarter under review, APA generated $554 million of cash from operating activities while it incurred $564 million in upstream capital expenditures. The...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. APA (APA) is back in focus after reporting first quarter 2026 earnings that topped analyst expectations, supported by higher realized oil prices, stronger international output, and tight cost control. See our latest analysis for APA. The earnings beat has landed against a strong price run, with the share price at $38.98 and a 90 day share price return of 42.58% feeding into a 1 year total shareholder return of 134.50%. Meanwhile, 3 and 5 year total shareholder returns of 30.50% and 115.99% show that recent momentum has outpaced longer term gains. If this kind of momentum has your attention, it could be a good time to widen your search and look at 34 elite gold producer stocks With earnings ahead of forecasts, a share price surge, and research firms calling APA undervalued based on metrics like P/E and P/CF, you have to ask: is there still a buying opportunity here, or is the market already pricing in future growth? APA's most followed narrative pegs fair value at $41.33, only modestly above the $38.98 last close. This places a lot of weight on future cash flow resilience under a 6.98% discount rate. Read the complete narrative. This narrative leans heavily on margin expansion, disciplined capital use and a tighter share count. The real swing factor lies in how steady earnings, flat revenues and a lower future P/E all fit together. Result: Fair Value of $41.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this view depends on sustained oil and gas demand and stable conditions in key regions like Egypt, where policy or geopolitical shocks could quickly change the story. Find out about the key risks to this APA narrative. With a mix of risks and rewards on the table, does this story line up with how you see APA right now? Consider acting promptly, review the underlying data for yourself, and weigh both sides by checking out the 4 key rewards and 3 important warning signs If APA is only one part of your watchlist, do not stop here. Broaden your opportunity set now or you risk overlooking some potentially compelling setups. Target potential value opportunities early by scanning 51 high quality undervalued stocks before the crowd catches on. Strengthen your income foc...

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how mixed or offshore upstream e&p stocks fared in Q1, starting with APA Corporation (NASDAQ:APA). This category includes smaller or niche E&P companies operating in specialized basins, geographies, or resource types outside major classifications. These firms may target unconventional resources, frontier regions, or specific commodity niches. Tailwinds include potential for outsized returns from successful exploration, acquisition opportunities during industry downturns, and specialized expertise commanding premium valuations. Headwinds include higher operational and geological risks, limited scale reducing negotiating power and cost efficiencies, and constrained capital market access during challenging commodity environments. Regulatory risks and ESG concerns may disproportionately affect smaller operators with fewer resources for compliance. The 21 mixed or offshore upstream e&p stocks we track reported a satisfactory Q1. As a group, revenues missed analysts’ consensus estimates by 5%. While some mixed or offshore upstream e&p stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.7% since the latest earnings results. Operating in three continents with a history stretching back to 1954, APA Corporation (NASDAQ:APA) explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the U.S., Egypt, and the U.K. North Sea. APA Corporation reported revenues of $2.14 billion, flat year on year. This print exceeded analysts’ expectations by 3%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS and EBITDA estimates. The stock is down 4.1% since reporting and currently trades at $36.75. Read why we think that APA Corporation is one of the best mixed or offshore upstream e&p stocks, our full report is free. Operating in water depths reaching 12,000 feet below the surface, Seadrill (NYSE:SDRL) owns and operates drillships and semi-submersible rigs that drill oil and gas wells in deepwater offshore locations. Seadrill reported revenues of $358 million, up 6.9% year on year, outperforming analysts’ expectations by 7.2%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. The market...

APA Corporation’s first quarter results were met with a negative market reaction, despite revenue and non-GAAP earnings per share both coming in above Wall Street expectations. Management attributed the quarter’s performance to capital efficiency in the Permian Basin and stable production in Egypt, achieved through targeted waterflood investments and improved operational uptime. CEO John J. Christmann noted, “Operational efficiencies and improved uptime drove oil production above guidance, while gas volumes were curtailed due to weak Waha pricing.” The company also highlighted successful cost management and a robust contribution from its gas trading business, which helped offset inflationary pressures, especially in power and diesel costs. Is now the time to buy APA? Find out in our full research report (it’s free). Revenue: $2.14 billion vs analyst estimates of $2.08 billion (flat year on year, 3% beat) Adjusted EPS: $1.38 vs analyst estimates of $1.14 (20.9% beat) Adjusted EBITDA: $1.56 billion vs analyst estimates of $1.42 billion (73% margin, 10.4% beat) Operating Margin: 41.9%, up from 34.8% in the same quarter last year Oil production per day: in line with the same quarter last year Market Capitalization: $13.11 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Doug Leggate (Wolfe Research) asked about the sustainability of gas trading profits given upcoming pipeline expansions. CFO Ben C. Rodgers explained that while pipeline expansions could narrow basis differentials, APA is exploring hedges and expects another strong year in 2027 based on current price strips. John Freeman (Raymond James) questioned how APA will allocate excess free cash flow with near-term debt maturities addressed. CEO John J. Christmann and Rodgers replied that the mix between debt reduction, dividends, and buybacks will be evaluated throughout the year, given ongoing market volatility. Chris Baker (Evercore ISI) sought details on cost-saving drivers and the impact of reaching the $3 billion net debt target. Rodgers highlighted contract-driven cost controls, especially in the Permian, and noted that achieving the debt target would...

U.S. energy operator APA Corporation APA reported first-quarter 2026 adjusted earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.01. The bottom line rose from the year-ago adjusted profit of $1.06. The outperformance was primarily driven by higher realized oil prices and lower year-over-year expenses. Revenues of $2.2 billion were down 15.2% from the year-ago quarter’s sales but beat the Zacks Consensus Estimate by 4.8%. APA Corporation price-consensus-eps-surprise-chart | APA Corporation Quote Meanwhile, APA continues to reward its shareholders, having paid out $88 million in dividends during the first quarter of 2026. Production of oil and natural gas averaged 442,352 BOE/d, which comprised 69% liquids. The figure was down 6% from the year-ago quarter but surpassed our expectation of 439,997 BOE/d. U.S. output (accounting for 60% of the total) fell 11% year over year to 264,720 BOE/d, but production from the company’s international operations increased 4.1% to 177,632 BOE/d. APA’s oil and natural gas liquids (NGLs) production was 304,947 barrels per day (Bbl/d). Natural gas output totaled 824,426 thousand cubic feet per day (Mcf/d). The average realized crude oil price during the first quarter was $78.69 per barrel, up 6.7% from the year-ago realization of $73.73. The number also significantly surpassed our projection of $56.74. The average realized natural gas price fell to $2.12 per thousand cubic feet (Mcf) from $2.81 in the year-ago period and missed our estimate of $3.62. APA’s first-quarter lease operating expenses totaled $362 million, down 11% from $407 million in the year-ago period. Moreover, an 84.2% drop in purchased oil/gas costs meant that total operating expenses decreased nearly 25% from the corresponding period of 2025 to $1.4 billion. The number was below our model projection of $1.5 billion. During the quarter under review, APA generated $554 million of cash from operating activities while it incurred $564 million in upstream capital expenditures. The Zacks Rank #1 (Strong Buy) company reported an adjusted operating cash flow of $1.2 billion. It also registered a free cash flow of $477 million compared to $126 million a year ago. You can see the complete list of today’s Zacks #1 Rank stocks here. As of March 31, APA had approximately $293 million in cash and cash equivalents and $4.3 billion in long-term debt, repres...

Interested in APA Corporation? Here are five stocks we like better. APA delivered strong Q1 results with adjusted net income of $489 million (or $1.38 per diluted share) and $477 million of free cash flow, returning $88 million to shareholders while prioritizing free cash flow over incremental activity. Operationally the Permian outperformed guidance and APA raised its full-year U.S. oil production outlook to 122,000 bpd, while Egypt activity is being optimized (50/50 rig split oil/gas) though adjusted volumes were lowered mainly due to PSC accounting effects from higher prices. APA ended the quarter with about $4.1 billion of net debt after repaying $634 million of near-term bonds, reiterated a $3 billion net-debt target, and expects to realize roughly $450 million of run-rate savings (about $600 million including interest) by the end of 2026. Why One Energy Expert Is Betting on These 3 Oil Stocks Now APA (NASDAQ:APA) reported first-quarter 2026 results highlighted by higher-than-guided Permian oil production, strong execution across its portfolio, and nearly $0.5 billion in free cash flow, while management reiterated a focus on capital discipline and balance sheet improvement amid heightened geopolitical and commodity-price volatility. APA posted GAAP consolidated net income of $446 million, or $1.26 per diluted share, for the first quarter. Adjusted net income was $489 million, or $1.38 per diluted share, after excluding items outside of core earnings, including $37 million of after-tax unrealized derivative losses, the operator said. → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? 3 Oil Stocks Rebounding Off Multi-Month Lows The company generated $477 million of free cash flow in the quarter, returning $88 million to shareholders, according to management’s prepared remarks. CEO John Christmann said operational performance enabled APA to deliver “capital spend and operating costs below guidance despite inflationary pressures,” and he emphasized that the company is prioritizing free cash flow generation “over incremental activity” in the current higher-price environment. → A Prada Payday: Is AMC Back in Style? Christmann said APA has “significantly improved capital efficiency” in the Permian while delivering “resilient oil production volumes” with fewer rigs and lower capital intensity. He added that improved execution is driving “cost leade...