APA Corporation (APA)
Energy · $14.8B market cap · SEC CIK 0001841666
$42.30
▼-3.45% on the day
close of Sep 22, 2026
73
Screens strongly
fundamentals score out of 100
fundamentals score out of 100
Next reports on Nov 3, 2026, after the close, with analysts expecting $1.35 in earnings per share.
The case for APA
- Cheap on earnings at 8.8×, well under the market's usual 20×.
- Earns 26% back on shareholder equity.
- Earnings per share up 58.7%.
- Pays a 2.7% dividend while you wait.
- A PEG of 0.15: a P/E of 8.8× is low for EPS growing 59%.
- Has compounded revenue at 15.0% a year over five years.
The case against
- Revenue fell 12.4% year over year.
- Current liabilities exceed current assets (ratio 0.95).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 87 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 45 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 79 |
| Momentumhow the price has behaved lately | 88 |
| Stabilityhow violently it moves, what it owes and what it pays you | 65 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 8.8× |
|---|---|
| Price / book | 1.64× |
| Price / sales | 1.7× |
| Revenue growth (YoY) | -12.4% |
| EPS growth (YoY) | +58.7% |
| Gross margin | 81% |
| Operating margin | 40% |
| Net margin | 19% |
| Return on equity | 26% |
| Debt / equity | 0.53× |
| Current ratio | 0.95 |
| Dividend yield | 2.71% |
| Beta | 0.34 |
| 52-week range | $21.63 – $47.44 |
| Position in that range | 80% of the way up |
| 3-month return | +32.6% |
| 1-year return | +86.6% |
Five years of financials, as filed
Pulled from APA Corporation's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating income | $3.1B | $2.4B | $3.7B | $5.6B | $2.9B |
| Net income | $1.4B | $804M | $2.9B | $3.7B | $973M |
| Operating cash flow | $4.5B | $3.6B | $3.1B | $4.9B | $3.5B |
| Total assets | $17.8B | $19.4B | $15.2B | $13.1B | $13.3B |
| Shareholder equity | $6.1B | $5.3B | $2.7B | $423M | -$1.6B |
| Cash | $516M | $625M | $87.0M | $245M | $302M |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Diluted shares | 359M | 353M | 309M | 333M | 375M |
Share count is down 4.3% over 4 years. Buybacks have been shrinking the pie.
Risk factors APA lists in its 10-K
- Crude oil, natural gas, and NGL prices and their volatility could adversely affect the Company’s operating results and the price of APA’s common stock
- Public health events, workforce disruptions, or similar global or regional events have previously and may in the future adversely impact the Company’s business, financial condition, and results of operations
- The Company’s operations involve a high degree of operational risk, particularly risk of personal injury, damage to or loss of property, and environmental accidents
- The Company has previously not realized, and may in the future not realize, an adequate return on wells that it drills
- The Company’s insurance policies do not cover all of the risks the Company faces, which could result in significant financial exposure
- A cyberattack targeting systems and infrastructure used by the Company or others in the oil and gas industry may adversely impact the Company’s operations
- Material differences between the estimated and actual timing of critical events or costs may affect the completion and commencement of production from development projects
- Discoveries or acquisitions of additional reserves are needed to avoid a material decline in reserves and production
- The Company may fail to fully identify potential problems related to acquired reserves or to properly estimate those reserves
- Crude oil, natural gas, and NGL reserves are estimates, and actual recoveries may vary significantly
- Certain of the Company’s undeveloped leasehold acreage is subject to leases that will expire over the next several years unless production is established on units containing the acreage
- The credit risk of financial institutions could adversely affect the Company and result in a significant loss
- The Company does not always control decisions made under joint operating agreements or joint ventures, and the parties to such agreements or ventures may fail to meet their obligations
- A downgrade in the Company’s credit rating could negatively impact its cost of and ability to access capital