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APA Corporation(APA)Earnings, Financials & Key Ratios
APA•NASDAQ
$32.46
8.1× P/E·Price updated Jul 6, 2026
AboutAPA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. APA Corporation was founded in 1954 and is based in Houston, Texas.Show more
- Revenue$8.92B-8.4%
- EBITDA$5.28B-3.4%
- Net Income$1.43B+78.4%
- EPS (Diluted)3.99+75.0%
- Gross Margin37.32%-15.5%
- EBITDA Margin59.2%+5.5%
- Operating Margin30.83%-6.2%
- Net Margin16.08%+94.7%
- ROE21.46%+34.2%
APA Price & Volume
APA Corporation (APA) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Challenges Capital Structure Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Geopolitical and Commodity Volatility
Key Thesis Takeaways
- APA Corporation faces a complex transition as it balances aggressive debt reduction with the high capital intensity required to sustain its diverse international and domestic production assets.
- While management has successfully lowered total debt from $6.8 billion in 2024Q2 to $4.4 billion in 2026Q1, the company remains vulnerable to commodity price volatility and inflationary pressures on field-level operating expenses.
- Investors should monitor the sustainability of cash flows, as the company's reliance on non-cash DD&A charges to mask earnings quality and the persistent negative retained earnings of $275 million in 2026Q1 warrant a cautious outlook.
Verdict Logic
while the company has improved its debt-to-equity ratio to 0.60, the persistent volatility in free cash flow and the 11.7% revenue contraction in 2026Q1 suggest that operational risks remain elevated.
APA Growth Metrics
APA Corporation (APA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.4%
5 Years15%
3 Years-6.96%
TTM-17.38%
Profit CAGR
10 Years-
5 Years-
3 Years-26.92%
TTM50.44%
EPS CAGR
10 Years-
5 Years-
3 Years-28.73%
TTM54.87%
Return on Capital
10 Years15.58%
5 Years27.79%
3 Years22.57%
Last Year16.74%
APA Recent Earnings
APA Corporation (APA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.38+24.3%
$1.11
Rev
$2.2B+3.8%
$2.1B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.91+41.3%
$0.64
Rev
$2.0B+12.1%
$1.8B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.93+17.3%
$0.79
Rev
$2.1B+2.7%
$2.1B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.87+93.3%
$0.45
Rev
$2.2B+5.6%
$2.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.38vs $1.11+24.3% | $2.2Bvs $2.1B+3.8% |
| Q1 2026 | Feb 25, 2026 | $0.91vs $0.64+41.3% | $2.0Bvs $1.8B+12.1% |
| Q4 2025 | Nov 5, 2025 | $0.93vs $0.79+17.3% | $2.1Bvs $2.1B+2.7% |
| Q3 2025 | Aug 6, 2025 | $0.87vs $0.45+93.3% | $2.2Bvs $2.1B+5.6% |
Based on last 12 quarters of dataView full earnings history →
Latest APA News
Recent stock market news and headlines for APA Corporation (APA)
Zacks Investment Research·Jun 26, 2026
APA (APA) Suffers a Larger Drop Than the General Market: Key InsightsIn the most recent trading session, APA (APA) closed at $33.01, indicating a -1.23% shift from the previous trading day.
Seeking Alpha·Jun 24, 2026
APA Corporation: Valuation Offers Growth At Bargain LevelsIn its current form, APA trades at a significant discount to Permian focused companies. This discount is not reflective of the growth potential held by both Suriname or Alaskan development programs. The company continues to trade at double digit free cash flow yields. This figure should only improve after the GranMorgu project is online.
Zacks Investment Research·Jun 24, 2026
Zacks Industry Outlook APA , W&T and RingAPA , W&T and Ring have been highlighted in this Industry Outlook article.
Zacks Investment Research·Jun 23, 2026
3 US E&P Stocks Backed by Rising 2026 Earnings OutlooksFollowing a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise tracking shares of APA, WTI and REI.
Peers Comparison
Key metrics vs top competitors for APA Corporation (APA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.46 | $11.47B | 8.14 | -8.39% | 16.08% | 21.46% | 3.09% | |
| $40.36 | $25.08B | 9.61 | 10.01% | 17.55% | 18.6% | — | |
| $103.58 | $126.25B | 16.31 | 7.51% | 12.56% | 11.29% | — | |
| $53.30 | $14.98B | 11.15 | -4.55% | 8.62% | 7.11% | — | |
| $32.56 | $24.72B | 14.47 | -49.62% | 25.71% | 11.26% | — | |
| $18.19 | $15.06B | 14.21 | 1.29% | 17.61% | 5.77% | — |
Compare APA vs Peers
APA Corporation (APA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
APA SEC Filings & Documents
APA Corporation (APA) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 14, 2026·SEC
Material company update
Feb 25, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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APA Frequently Asked Questions
APA Corporation (APA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is APA Corporation's revenue?
APA Corporation (APA) reported $8.61B in revenue for fiscal year 2025. This represents a 782% increase from $976.0M in 1996.
How fast is APA Corporation growing?
APA Corporation (APA) saw revenue decline by 8.4% over the past year.
Is APA profitable?
Yes, APA Corporation (APA) is profitable, generating $1.53B in net income for fiscal year 2025 (16.1% net margin).
Dividend & Returns
Does APA pay dividends?
Yes, APA Corporation (APA) pays a dividend with a yield of 3.09%. This makes it attractive for income-focused investors.
What is APA's return on equity?
APA Corporation (APA) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.
What is APA Corporation's free cash flow?
APA Corporation (APA) generated $1.49B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.