APA Corporation reported results
SEC 8-KRead source ↗
APA Corporation is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$120
Valuation models combined (3)
Base case. Range ~$40–$200. Weighted average of 3 models (forward price-to-earnings vs peers, residual income, justified price-to-book).
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
APA Corporation valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
- Funds422 adding, 367 cuttingOf 72 active managers that changed their stake, 40 added; quarter to June 30, 2026Fund buyers and sellers
- Congress0 purchases, 1 saleBy 1 member of Congress, last 12 months, as disclosedTrades by members of Congress
The Fundamentalytics view
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 2.7% while net income grew 55.1%: a 58pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Shrinking share count. Diluted shares fell 3.0% in a year, so each share owns more of the business.
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
- Estimates rising. Analysts' consensus for next year's earnings per share has risen 30.4% over 90 days.
Things to watch
- Volatile shares. Over the past year the shares showed annualised volatility of 45% and a beta of -1.0 against the S&P 500.
- Earnings expected to fall. The consensus expects earnings per share to fall 20% next year.
Latest results
- Earnings per share
- $1.89 against an average estimate of $1.87: beat by 1.0%
- Share reaction
- +3.1% in the first session after the results on October 7, 2026, against -0.7% for the S&P 500
- Next report
- November 4, 2026; average EPS estimate $1.59
Price chart
- 1 day-7.6%
- 1 week-5.5%
- 1 month+12.3%
- This year+105.3%
- 1 year+121.7%
- 5 years+106.1%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- EPS (TTM, diluted)
- $4.73
Growth
- Share count change
- −3.0%
Cash
- Free cash flow (TTM)
- $4.5B
Earnings
- Last results
- October 7, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
- Results
APA Corporation reported results
SEC 8-KRead source ↗ - Results
APA Corporation reported results
SEC 8-KRead source ↗
Valuation models
We value APA Corporation as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.65 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. | — | Does not apply: no recent revenue figures to date the balance sheet |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$40 ~$31–$63 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$200 ~$140–$290 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$120 ~$98–$150 | Included |
| Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$120 ~$40–$200 | 3 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare APA Corporation with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Next results: November 4, 2026, after the close. Analysts expect revenue of $2.5bn and EPS of $1.59 (range $0.91 to $2.01) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $6.76 | +79% | $9.7bn | +5% |
| Next | $5.38 | −20% | $8.6bn | −11% |
Next year's EPS estimate has moved +30.4% in 90 days, across 26 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +21.8% on 90 days ago. In the last 30 days, 9 analysts raised APA Corporation's forecast and 2 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $5.55 | $4.12 |
| 60 days ago | $5.75 | $4.20 |
| 30 days ago | $6.19 | $4.47 |
| 7 days ago | $6.61 | $5.13 |
| Now | $6.76 | $5.38 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $1.87 | $1.89 | +1.0% |
| Mar 2026 | $1.14 | $1.38 | +20.9% |
| Dec 2025 | $0.64 | $0.91 | +41.7% |
| Sept 2025 | $0.79 | $0.93 | +17.6% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 8.8% of tradable shares
- Days to cover
- 4 at average volume
- Short interest, 1 month
- −5% to October 15, 2026
- Held by institutions
- — of shares
- Held by insiders
- 0.4% of shares
- Employees
- 1,791 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| APA | +91% | +76% | −21% | −33% | +12% | +105% |
| Industry peers (median) | +86% | +54% | −8% | +2% | −15% | +17% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| APA | 75% | 67% | 33% | 25% | 58% | 55% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| APA | −32% | −40% | −32% | −42% | −44% | −28% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 94% from December 13, 2016 to April 1, 2020. Getting back needed a 1435% gain, reached on October 30, 2026, 2403 days after the low.
Price behaviour
- 52-week range
- $21.06 – $52.82
- From 52-week high
- −7.6%
- vs 50-day average
- +7.4%
- vs 200-day average
- +30.4%
- Volatility (1 year)
- 45%
- Beta vs S&P 500
- -0.96
Share price after results
- Next day
- 7 up, 5 down typical move ±5.8%
- After a week
- 8 up, 4 down typical move ±8.6%
- After a month
- 7 up, 4 down typical move ±17.1%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 7, 2026 | +3.1% | −0.7% | +7.4% | — |
| August 5, 2026 | +2.0% | −0.4% | +11.6% | +23.4% |
| July 8, 2026 | −2.1% | +0.5% | +0.8% | +8.2% |
| May 6, 2026 | −12.6% | +1.1% | −10.9% | −11.8% |
| April 14, 2026 | −7.3% | +2.0% | −4.8% | −5.8% |
| February 25, 2026 | +1.7% | +0.3% | +8.7% | +49.5% |
| January 20, 2026 | +2.9% | −0.9% | +1.1% | +13.9% |
| November 5, 2025 | +7.0% | −0.7% | +8.1% | +22.7% |
| October 8, 2025 | −5.7% | +0.3% | −7.3% | −4.7% |
| August 7, 2025 | +10.8% | +0.7% | +13.5% | +23.3% |
| May 8, 2025 | +8.0% | +0.6% | +14.7% | +20.3% |
| February 27, 2025 | −6.0% | −0.1% | −14.8% | −5.0% |
Fundamentals
Financial health
- Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $2.4bn of liabilities due within a year.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt $444m of cash against $3.7bn of debt.
- Debt below 40% of shareholders' equity Debt is 53% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt $4.5bn of operating cash flow against $3.7bn of debt.
- Operating profit covers interest at least five times over Operating income of $3.8bn against $285m of interest.
Dividends, buybacks and capital spending
- Dividends (TTM)
- $355M
- Returned to shareholders
- 8%
- of free cash flow
- Diluted share count
- −3.0%
- year over year
- Dividend payout ratio
- 21%
- of net income paid out
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Oil and Gas | $8.9B | ▼ 8.4% |
| Oil and Gas Excluding Purchased | $7.2B | ▼ 11.8% |
| Oil and Gas Purchased | $1.7B | ▲ 9.7% |
These categories overlap or exclude eliminations, so shares aren't shown.
From APA Corporation's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $11.7B
- Institutions reporting
- 808
- Shares held vs prior quarter
- ▲ 2.6%
- Positions opened / closed
- 120 / 119
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $1.2B | 36.0M | 10.1% | ▲ 6.6% |
| Hotchkis & Wiley Capital Management LLC | $1B | 31.7M | 8.8% | ▼ 1.0% |
| State Street Corp | $820M | 25.2M | 7.0% | ▲ 1.5% |
| Vanguard Capital Management LLC | $752M | 23.1M | 6.4% | ▲ 0.5% |
| Vanguard Portfolio Management LLC | $564M | 17.3M | 4.8% | ▲ 0.3% |
| Dimensional Fund Advisors LP | $548M | 16.8M | 4.7% | ▲ 2.8% |
| Invesco Ltd. | $499M | 15.3M | 4.3% | ▼ 2.8% |
| Charles Schwab Investment Management Inc | $433M | 13.3M | 3.7% | ▲ 7.7% |
| Geode Capital Management, LLC | $432M | 12.9M | 3.7% | ▲ 22.3% |
| FMR LLC | $320M | 9.8M | 2.7% | ▼ 23.0% |
| Morgan Stanley | $297M | 9.1M | 2.5% | ▲ 1.4% |
| Smead Capital Management, Inc. | $254M | 7.8M | 2.2% | ▼ 5.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not APA Corporation's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.2M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $1.2M net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Maddox Mark D Executive VP - Administration | May 20, 2026 | Sell | 9,800 | $40.04 | $392,392 |
| Bob Matthew Regis Director | March 18, 2026 | Sell | 23,000 | $36.23 | $833,373 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Trades by members of Congress
All 20 trades and filingsIn the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of APA Corporation shares.
- Gilbert Ray Cisneros, Jr.Sale (full), $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
- Gilbert Ray Cisneros, Jr.Purchase, $1,001 - $15,000, traded August 5, 2025, filed September 12, 2025
- Kathy E. ManningSale (full), $1,001 - $15,000, traded August 3, 2022, filed September 14, 2022
Earnings dates and SEC filings
Results announcements
- October 7, 2026
- August 5, 2026
- July 8, 2026
- May 6, 2026
- April 14, 2026
- February 25, 2026
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
APA Corporation in brief
- What does APA Corporation do?
- APA Corporation is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
- What is APA Corporation's stock ticker?
- APA Corporation trades under the ticker APA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are APA Corporation's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Hotchkis & Wiley Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Does APA Corporation pay a dividend?
- Yes: APA Corporation paid $355M in dividends over the trailing twelve months and a payout ratio of 21.2%.
- How much debt does APA Corporation have?
- APA Corporation's debt-to-equity ratio is 53.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
- Are insiders buying or selling APA Corporation stock?
- Over the last 12 months, APA Corporation's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
- When is APA Corporation's next earnings date?
- Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — APA Corporation announces its own schedule.
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