(APA) APA - NASDAQ
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NASDAQ (USA) | Market Cap: 13.085m USD | Total Return: 72.3% in 12m
Avg Turnover: 189M
EPS Trend: -81.5%
Qual. Beats: 2
Rev. Trend: 37.5%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader, Confidence
APA Corporation is an independent energy company engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. Its producing operations span the United States, Egypt, and the North Sea, while exploration and appraisal activities are concentrated in Suriname, supplemented by interests in Uruguay and other international projects. The company is headquartered in Houston, Texas, and was incorporated in 1954.
As an upstream oil and gas exploration and production (E&P) company, APA generates revenue primarily through the sale of produced hydrocarbons at market prices, making its earnings closely tied to commodity price cycles. Its geographically diversified asset base across North America, North Africa, and Europe is a common strategy among large E&Ps, intended to reduce exposure to any single regions geological, operational, or political risk.
- WTI crude and Henry Hub gas prices directly drive segment revenue
- Suriname Block 58 exploration drilling results catalyze reserve growth
- Post-Callon merger capital returns accelerate through debt reduction and buybacks
| Net Income: 1.53b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.52 > 1.0 |
| NWC/Revenue: -2.35% < 20% (prev -3.04%; Δ 0.70% < -1%) |
| CFO/TA 0.22 > 3% & CFO 4.00b > Net Income 1.53b |
| Net Debt (4.37b) to EBITDA (5.63b): 0.77 < 3 |
| Current Ratio: 0.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (354.0m) vs 12m ago -2.75% < -2% |
| Gross Margin: 53.91% > 18% (prev 41.97%; Δ 11.94% > 0.5%) |
| Asset Turnover: 47.04% > 50% (prev 56.24%; Δ -9.20% > 0%) |
| Interest Coverage Ratio: 13.25 > 6 (EBIT TTM 3.31b / Interest Expense TTM 250.0m) |
| A: -0.01 (Total Current Assets 2.29b - Total Current Liabilities 2.49b) / Total Assets 18.1b |
| B: -0.02 (Retained Earnings -275.0m / Total Assets 18.1b) |
| C: 0.18 (EBIT TTM 3.31b / Avg Total Assets 18.3b) |
| D: 0.60 (Book Value of Equity 6.46b / Total Liabilities 10.7b) |
| Altman-Z'' = 1.73 = BBB |
| DSRI: 0.97 (Receivables 1.46b/1.82b, Revenue 8.61b/10.4b) |
| GMI: 0.78 (GM 41.97% / 53.91%) |
| AQI: 0.92 (AQ_t 0.16 / AQ_t-1 0.18) |
| SGI: 0.83 (Revenue 8.61b / 10.4b) |
| TATA: -0.14 (NI 1.53b - CFO 4.00b) / TA 18.1b) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of June 21, 2026, the stock is trading at USD 33.03 with a total of 12,406,400 shares traded.
Over the past week, the price has changed by -10.20%,
over one month by -19.26%,
over three months by -12.63% and
over the past year by +72.29%.
APA has received a consensus analysts rating of 3.10. Therefore, it is recommended to hold APA.
- StrongBuy: 4
- Buy: 3
- Hold: 17
- Sell: 2
- StrongSell: 3
| Analysts Target Price | 43.2 | 30.9% |
P/E Trailing = 8.6294
P/E Forward = 5.5741
P/S = 1.5632
P/B = 2.0269
P/EG = 0.6195
Revenue TTM = 8.61b USD
EBIT TTM = 3.31b USD
EBITDA TTM = 5.63b USD
Long Term Debt = 4.28b USD (from longTermDebt, last quarter)
Short Term Debt = 256.0m USD (from shortTermDebt, last quarter)
Debt = 4.66b USD (from shortLongTermDebtTotal, last quarter) + Leases 122.0m
Net Debt = 4.37b USD (calculated: Debt 4.66b - CCE 293.0m)
Enterprise Value = 17.5b USD (13.1b + Debt 4.66b - CCE 293.0m)
Interest Coverage Ratio = 13.25 (Ebit TTM 3.31b / Interest Expense TTM 250.0m)
EV/FCF = 11.75x (Enterprise Value 17.5b / FCF TTM 1.49b)
FCF Yield = 8.51% (FCF TTM 1.49b / Enterprise Value 17.5b)
FCF Margin = 17.25% (FCF TTM 1.49b / Revenue TTM 8.61b)
Net Margin = 17.80% (Net Income TTM 1.53b / Revenue TTM 8.61b)
Gross Margin = 53.91% ((Revenue TTM 8.61b - Cost of Revenue TTM 3.97b) / Revenue TTM)
Gross Margin QoQ = none% (prev 39.23%)
Tobins Q-Ratio = 0.97 (Enterprise Value 17.5b / Total Assets 18.1b)
Interest Expense / Debt = 5.37% (Interest Expense 250.0m / Debt 4.66b)
Taxrate = 36.42% (1.04b / 2.86b)
NOPAT = 2.11b (EBIT 3.31b * (1 - 36.42%))
Current Ratio = 0.92 (Total Current Assets 2.29b / Total Current Liabilities 2.49b)
Debt / Equity = 0.72 (Debt 4.66b / totalStockholderEquity, last quarter 6.46b)
Debt / EBITDA = 0.77 (Net Debt 4.37b / EBITDA 5.63b)
Debt / FCF = 2.94 (Net Debt 4.37b / FCF TTM 1.49b)
Total Stockholder Equity = 6.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.37% (Net Income 1.53b / Total Assets 18.1b)
RoE = 25.11% (Net Income TTM 1.53b / Total Stockholder Equity 6.10b)
RoCE = 31.90% (EBIT 3.31b / Capital Employed (Equity 6.10b + L.T.Debt 4.28b))
RoIC = 13.54% (NOPAT 2.11b / Invested Capital 15.6b)
WACC = 7.48% (E(13.1b)/V(17.7b) * Re(8.93%) + D(4.66b)/V(17.7b) * Rd(5.37%) * (1-Tc(0.36)))
Discount Rate = 8.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.89 | Cagr: 6.54%
[DCF] Terminal Value 77.97% ; FCFF base≈1.39b ; Y1≈1.59b ; Y5≈2.34b
[DCF] Fair Price = 87.30 (EV 35.2b - Net Debt 4.37b = Equity 30.9b / Shares 353.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -81.50 | EPS CAGR: -10.44% | SUE: 4.0 | # QB: 2
Revenue Correlation: 37.47 | Revenue CAGR: 3.19% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.13 | Chg30d=+9.49% | Revisions=+62% | Analysts=21
EPS next Quarter (2026-09-30): EPS=1.64 | Chg30d=+10.84% | Revisions=+30% | Analysts=21
EPS current Year (2026-12-31): EPS=6.52 | Chg30d=+8.64% | Revisions=+65% | GrowthEPS=+73.0% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=4.33 | Chg30d=+4.13% | Revisions=+39% | GrowthEPS=-33.6% | GrowthRev=-12.7%
[Analyst] Revisions Ratio: +65%