APA
APA Corp
Next earnings Aug 4, 2026 (after close) · consensus $2.14 EPS, $2.66B rev
Last earnings -7.7% on 2026-05-06
$32.36
▼ -1.82%$32.36▲ +81.61%
over 1Y
L $17.41H $44.09
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.8%
1W-3.2%
1M-14.4%
3M-22.5%
YTD+29.7%
1Y+81.6%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 32 analysts
Hold
Cheap, cash-gushing E&P at 8.3x with 23.5% ROE, $4.5B operating cash flow, deep cost cuts and 60%-of-FCF returns — geopolitics is the catch.
P/E (price / FY diluted EPS) 8.3 · FY2025 EPS
The read
Quality fundamentals and an attractive price line up (~369% below fair value) — the rarer case where both the business and the entry look good.
APA is a classic deep-value E&P. The stock trades at just 8.3x FY2025 EPS of $3.99, against a 23.5% ROE and $4.54B of operating cash flow (up 25.6% YoY). Net income jumped 78.4% to $1.43B, though management is candid that much of the improvement was the absence of $1.1B of 2024 impairments ($796M North Sea, $315M US) plus genuine cost savings. The operational story is real: APA hit $350M of annualized cost savings by year-end 2025 and targets $450M by end-2026, while trimming its rig count from 22 to 19 and cutting capex to $2.7B as it streamlines the Permian portfolio.
Capital discipline is the thesis. Management commits to returning 60% of free cash flow via dividends and buybacks, paid $360M in dividends and repurchased $280M (12.9M shares) in 2025, and has bought back 98.2M shares since late 2021 with 21.9M still authorized. Crucially, it is also deleveraging — fully repaying its $900M term loan, retiring fixed-rate Apache notes, and ending the year with no commercial paper or revolver borrowings. Equity grew 15.4% to $6.09B. The diversified asset base (US Permian, Egypt, UK North Sea) plus exploration optionality in Suriname provides scale and flexibility to reallocate capital as prices move.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:46 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | $2.86B | $5.57B | $3.70B | $2.44B | $3.09B |
| Net income | — | — | $2.85B | $804M | $1.43B |
| Diluted EPS | $2.59 | $11.02 | $9.25 | $2.27 | $3.99 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$11.1B
EV / EBITDA2.1
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)0.10
Earnings yield12.5%
FCF yield—
Quality & risk
ROIC (est.)38.7%
Free cash flow—
Total debt$213M
Net cash$303M
Piotroski F-Score5/6
Capital returns
Buyback yield—
Dividend yield (est.)3.1%
Shareholder yield3.1%
Shares Δ YoY-3.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗4Period ending 2026-06-302026-07-01open ↗S-8Filing2026-06-01open ↗4Period ending 2026-05-262026-05-27open ↗8-KPeriod ending 2026-05-212026-05-26open ↗
Frequently asked
- Is APA Corp (APA) a buy?
- APA currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Cheap, cash-gushing E&P at 8.3x with 23.5% ROE, $4.5B operating cash flow, deep cost cuts and 60%-of-FCF returns — geopolitics is the catch.
- What is APA's fair value?
- A Modified-Graham model based on APA's SEC fundamentals estimates a fair value of about $151.62. It is an estimate from reported earnings, not a price target.
- Is APA overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, APA currently appears undervalued relative to its SEC-grounded earnings power.
- What is APA Corp's quality score?
- APA scores 84.35859467111105/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001841666, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/21/2026, 8:46:20 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.