APA Chart
About

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas E&P Market Cap 10.24B
Enterprise Value 15.20B Income 1.51B Sales 9.38B
Book/sh 16.77 Cash/sh 1.34 Dividend Yield 3.48%
Payout 23.92% Employees 2305 IPO —
P/E 6.85 Forward P/E 13.28 PEG —
P/S 1.09 P/B 1.71 P/C —
EV/EBITDA 2.61 EV/Sales 1.62 Quick Ratio 0.58
Current Ratio 0.78 Debt/Eq 66.89 LT Debt/Eq —
EPS (ttm) 4.18 EPS next Y 2.15 EPS Growth —
Revenue Growth -16.40% Earnings 2026-02-25 ROA 9.93%
ROE 27.43% ROIC — Gross Margin 66.54%
Oper. Margin 27.28% Profit Margin 16.09% Shs Outstand 354.67M
Shs Float 352.43M Short Float 10.93% Short Ratio 5.64
Short Interest — 52W High 30.08 52W Low 13.58
Beta 0.70 Avg Volume 5.94M Volume 3.97M
Target Price $26.71 Recom Hold Prev Close $28.72
Price $28.62 Change -0.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$26.71
Mean price target
2. Current target
$28.62
Latest analyst target
3. DCF / Fair value
$160.84
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.62
Low
$21.00
High
$40.00
Mean
$26.71

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 main Stephens & Co. Equal-Weight → Equal-Weight $24
2026-01-26 main RBC Capital Sector Perform → Sector Perform $26
2026-01-23 main Morgan Stanley Underweight → Underweight $21
2026-01-21 down Barclays Equal-Weight → Underweight —
2026-01-05 main Bernstein Market Perform → Market Perform $25
2025-12-12 main UBS Neutral → Neutral $30
2025-12-12 main Mizuho Underperform → Underperform $22
2025-12-05 up Johnson Rice Hold → Accumulate $40
2025-11-26 main Citigroup Neutral → Neutral $25
2025-11-26 init William Blair — → Outperform $32
2025-11-21 main Goldman Sachs Sell → Sell $21
2025-11-18 main Piper Sandler Neutral → Neutral $23
2025-11-17 main RBC Capital Sector Perform → Sector Perform $25
2025-11-12 main Susquehanna Positive → Positive $32
2025-11-10 main UBS Neutral → Neutral $26
2025-10-16 main Mizuho Underperform → Underperform $20
2025-10-15 main UBS Neutral → Neutral $25
2025-10-14 main Morgan Stanley Underweight → Underweight $22
2025-10-13 main RBC Capital Sector Perform → Sector Perform $24
2025-10-09 main Scotiabank Sector Perform → Sector Perform $26
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4314 — — Stock Gift at price 0.00 per share. CHRISTMANN JOHN J IV Chief Executive Officer — 2026-01-30 00:00:00 D
1 26717 nan — — CHRISTMANN JOHN J IV Chief Executive Officer — 2026-01-30 00:00:00 D
2 6158 nan — — MADDOX MARK D Officer — 2026-01-30 00:00:00 D
3 6158 nan — — HENDERSON TRACEY K Officer — 2026-01-30 00:00:00 D
4 15202 nan — — RINEY STEPHEN J President — 2026-01-30 00:00:00 D
5 5981 nan — — WARNICA KIMBERLY O Officer — 2026-01-30 00:00:00 D
6 4222 nan — — RODGERS BEN C Chief Financial Officer — 2026-01-30 00:00:00 D
7 72170 nan — — CHRISTMANN JOHN J IV Chief Executive Officer — 2026-01-28 00:00:00 D
8 15374 nan — — MADDOX MARK D Officer — 2026-01-28 00:00:00 D
9 18682 nan — — HENDERSON TRACEY K Officer — 2026-01-28 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-350.71M-36.12M235.09M-189.20M
TaxRateForCalcs0.270.210.290.31
NormalizedEBITDA5.46B4.92B6.46B4.28B
TotalUnusualItems-1.29B-172.00M816.00M-619.00M
TotalUnusualItemsExcludingGoodwill-1.29B-172.00M816.00M-619.00M
NetIncomeFromContinuingOperationNetMinorityInterest804.00M2.85B3.60B1.14B
ReconciledDepreciation2.27B1.54B1.23B1.36B
ReconciledCostOfRevenue5.43B4.05B4.82B4.45B
EBITDA4.17B4.75B7.28B3.66B
EBIT1.91B3.21B6.05B2.30B
NetInterestIncome-367.00M-321.00M-312.00M-410.00M
InterestExpense373.00M327.00M314.00M410.00M
InterestIncome12.00M10.00M10.00M8.00M
NormalizedIncome1.74B2.99B3.02B1.56B
NetIncomeFromContinuingAndDiscontinuedOperation804.00M2.85B3.60B1.14B
TotalExpenses6.54B4.92B5.99B5.29B
DilutedAverageShares353.00M309.00M333.00M375.00M
BasicAverageShares353.00M308.00M332.00M374.00M
DilutedEPS2.279.2511.022.59
BasicEPS2.289.2611.052.60
DilutedNIAvailtoComStockholders804.00M2.85B3.67B973.00M
AverageDilutionEarnings0.00
NetIncomeCommonStockholders804.00M2.85B3.67B973.00M
OtherunderPreferredStockDividend0.000.00-70.00M162.00M
NetIncome804.00M2.85B3.60B1.14B
MinorityInterests-314.00M-352.00M-478.00M-178.00M
NetIncomeIncludingNoncontrollingInterests1.12B3.21B4.08B1.31B
NetIncomeContinuousOperations1.12B3.21B4.08B1.31B
TaxProvision417.00M-324.00M1.65B578.00M
PretaxIncome1.53B2.88B5.73B1.89B
OtherIncomeExpense-1.30B-154.00M964.00M-391.00M
OtherNonOperatingIncomeExpenses-6.00M18.00M148.00M228.00M
SpecialIncomeCharges-1.01B-59.00M1.09B-267.00M
GainOnSaleOfPPE-212.00M-157.00M-446.00M
GainOnSaleOfBusiness289.00M8.00M1.18B67.00M
OtherSpecialCharges-9.00M67.00M104.00M
WriteOff1.13B61.00M0.00208.00M
ImpairmentOfCapitalAssets0.000.00
RestructuringAndMergernAcquisition168.00M15.00M26.00M22.00M
GainOnSaleOfSecurity-283.00M-113.00M-271.00M-352.00M
NetNonOperatingInterestIncomeExpense-367.00M-321.00M-312.00M-410.00M
TotalOtherFinanceCost6.00M4.00M8.00M8.00M
InterestExpenseNonOperating373.00M327.00M314.00M410.00M
InterestIncomeNonOperating12.00M10.00M10.00M8.00M
OperatingIncome3.20B3.36B5.08B2.69B
OperatingExpense1.10B869.00M1.17B848.00M
OtherOperatingExpenses461.00M311.00M422.00M268.00M
OtherTaxes270.00M207.00M268.00M204.00M
SellingGeneralAndAdministration372.00M351.00M483.00M376.00M
GeneralAndAdministrativeExpense372.00M351.00M483.00M376.00M
OtherGandA372.00M351.00M483.00M376.00M
GrossProfit4.30B4.23B6.25B3.54B
CostOfRevenue5.43B4.05B4.82B4.45B
TotalRevenue9.74B8.28B11.07B7.99B
OperatingRevenue9.74B8.28B11.07B7.99B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber126.18M117.02M108.31M72.15M
OrdinarySharesNumber365.40M303.58M311.56M346.93M
ShareIssued491.58M420.60M419.87M419.08M
NetDebt5.42B5.10B5.21B7.21B
TotalDebt6.16B5.30B5.62B7.61B
TangibleBookValue5.28B2.65B423.00M-1.59B
InvestedCapital11.32B7.84B5.88B5.92B
WorkingCapital449.00M58.00M-208.00M263.00M
NetTangibleAssets5.28B2.65B423.00M-1.59B
CapitalLeaseObligations118.00M116.00M167.00M99.00M
CommonStockEquity5.28B2.65B423.00M-1.59B
TotalCapitalization11.27B7.84B5.87B5.70B
TotalEquityGrossMinorityInterest6.36B3.69B1.34B-717.00M
MinorityInterest1.08B1.04B922.00M878.00M
StockholdersEquity5.28B2.65B423.00M-1.59B
GainsLossesNotAffectingRetainedEarnings12.00M15.00M14.00M22.00M
OtherEquityAdjustments12.00M15.00M14.00M22.00M
TreasuryStock6.04B5.79B5.46B4.04B
RetainedEarnings-2.15B-2.96B-5.81B-9.49B
AdditionalPaidInCapital13.15B11.13B11.42B11.64B
CapitalStock307.00M263.00M262.00M262.00M
CommonStock307.00M263.00M262.00M262.00M
TotalLiabilitiesNetMinorityInterest13.03B11.55B11.80B14.02B
TotalNonCurrentLiabilitiesNetMinorityInterest10.07B9.15B8.89B11.90B
OtherNonCurrentLiabilities548.00M466.00M443.00M573.00M
PreferredSecuritiesOutsideStockEquity0.00712.00M
NonCurrentDeferredLiabilities14.00M371.00M314.00M148.00M
NonCurrentDeferredTaxesLiabilities14.00M371.00M314.00M148.00M
LongTermDebtAndCapitalLeaseObligation5.99B5.19B5.45B7.29B
LongTermDebt5.99B5.19B5.45B7.29B
LongTermProvisions3.52B3.13B2.68B3.17B
CurrentLiabilities2.96B2.40B2.92B2.12B
OtherCurrentLiabilities168.00M338.00M292.00M168.00M
CurrentDebtAndCapitalLeaseObligation171.00M118.00M169.00M314.00M
CurrentCapitalLeaseObligation118.00M116.00M167.00M99.00M
CurrentDebt53.00M2.00M2.00M215.00M
OtherCurrentBorrowings53.00M2.00M2.00M215.00M
PensionandOtherPostRetirementBenefitPlansCurrent223.00M390.00M514.00M292.00M
CurrentProvisions191.00M136.00M505.00M141.00M
PayablesAndAccruedExpenses2.20B1.42B1.44B1.20B
CurrentAccruedExpenses757.00M626.00M575.00M443.00M
InterestPayable93.00M93.00M97.00M107.00M
Payables1.45B796.00M861.00M759.00M
TotalTaxPayable221.00M138.00M90.00M28.00M
IncomeTaxPayable221.00M138.00M90.00M28.00M
AccountsPayable1.22B658.00M771.00M731.00M
TotalAssets19.39B15.24B13.15B13.30B
TotalNonCurrentAssets15.99B12.78B10.44B10.92B
OtherNonCurrentAssets637.00M549.00M764.00M1.22B
NonCurrentDeferredAssets2.70B1.76B39.00M583.00M
NonCurrentDeferredTaxesAssets2.70B1.76B39.00M
InvestmentsAndAdvances0.00437.00M624.00M1.36B
LongTermEquityInvestment0.00437.00M624.00M1.36B
NetPPE12.65B10.04B9.01B8.34B
AccumulatedDepreciation-33.23B-36.12B-34.61B-34.44B
GrossPPE45.88B46.16B43.62B42.77B
OtherProperties745.00M851.00M819.00M1.35B
CurrentAssets3.40B2.46B2.71B2.38B
OtherCurrentAssets211.00M224.00M481.00M156.00M
PrepaidAssets184.00M88.00M89.00M55.00M
Inventory425.00M453.00M427.00M473.00M
Receivables1.96B1.61B1.47B1.39B
AccountsReceivable1.96B1.61B1.47B1.39B
AllowanceForDoubtfulAccountsReceivable-123.00M-114.00M-117.00M-109.00M
GrossAccountsReceivable2.08B1.72B1.58B1.50B
CashCashEquivalentsAndShortTermInvestments625.00M87.00M245.00M302.00M
CashAndCashEquivalents625.00M87.00M245.00M302.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow709.00M772.00M2.54B2.39B
RepurchaseOfCapitalStock-329.00M-1.42B-847.00M
RepaymentOfDebt-2.71B-65.00M-1.49B-1.79B
IssuanceOfDebt1.50B0.000.00425.00M
CapitalExpenditure-2.91B-2.36B-2.40B-1.11B
InterestPaidSupplementalData372.00M329.00M322.00M442.00M
IncomeTaxPaidSupplementalData1.10B1.27B1.43B633.00M
EndCashPosition625.00M87.00M245.00M302.00M
BeginningCashPosition87.00M245.00M302.00M262.00M
ChangesInCash538.00M-158.00M-57.00M40.00M
FinancingCashFlow-2.16B-1.15B-3.49B-2.62B
CashFlowFromContinuingFinancingActivities-2.16B-1.15B-3.49B-2.62B
NetOtherFinancingCharges-306.00M-253.00M-390.00M-321.00M
CashDividendsPaid-353.00M-308.00M-207.00M-52.00M
PreferredStockDividendPaid-11.00M-46.00M
CommonStockDividendPaid-353.00M-308.00M-207.00M-52.00M
NetCommonStockIssuance-246.00M-329.00M-1.42B-847.00M
CommonStockPayments-329.00M-1.42B-847.00M
NetIssuancePaymentsOfDebt-1.25B-259.00M-1.47B-1.40B
NetShortTermDebtIssuance-40.00M-194.00M24.00M392.00M
ShortTermDebtIssuance24.00M425.00M
NetLongTermDebtIssuance-1.21B-65.00M-1.49B-1.79B
LongTermDebtPayments-2.71B-65.00M-1.49B-1.79B
LongTermDebtIssuance1.50B0.000.000.00
InvestingCashFlow-924.00M-2.14B-1.51B-833.00M
CashFlowFromContinuingInvestingActivities-924.00M-2.14B-1.51B-833.00M
NetOtherInvestingChanges1.56B-9.00M806.00M277.00M
NetInvestmentPurchaseAndSale228.00M224.00M0.00
SaleOfInvestment228.00M224.00M0.00
NetBusinessPurchaseAndSale428.00M228.00M81.00M0.00
SaleOfBusiness428.00M228.00M224.00M0.00
PurchaseOfBusiness0.000.00-143.00M0.00
NetPPEPurchaseAndSale-2.91B-2.36B-2.40B-1.11B
PurchaseOfPPE-2.91B-2.36B-2.40B-1.11B
OperatingCashFlow3.62B3.13B4.94B3.50B
CashFlowFromContinuingOperatingActivities3.62B3.13B4.94B3.50B
ChangeInWorkingCapital-535.00M-417.00M121.00M37.00M
ChangeInOtherWorkingCapital-224.00M-58.00M-69.00M-11.00M
ChangeInPayablesAndAccruedExpense-140.00M-484.00M299.00M372.00M
ChangeInAccruedExpense-221.00M-400.00M303.00M127.00M
ChangeInPayable81.00M-84.00M-4.00M245.00M
ChangeInAccountPayable81.00M-84.00M-4.00M245.00M
ChangeInPrepaidAssets-56.00M269.00M-15.00M71.00M
ChangeInInventory-11.00M13.00M-1.00M-9.00M
ChangeInReceivables-104.00M-157.00M-93.00M-386.00M
OtherNonCashItems659.00M468.00M408.00M684.00M
AssetImpairmentCharge1.13B61.00M0.00208.00M
DeferredTax-736.00M-1.66B145.00M-74.00M
DeferredIncomeTax-736.00M-1.66B145.00M-74.00M
DepreciationAmortizationDepletion2.27B1.54B1.23B1.36B
OperatingGainsLosses-281.00M-68.00M-1.05B-32.00M
GainLossOnInvestmentSecurities8.00M-51.00M67.00M-69.00M
GainLossOnSaleOfBusiness-289.00M-8.00M-1.18B-67.00M
NetIncomeFromContinuingOperations1.12B3.21B4.08B1.31B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for APA
Date User Asset Broker Type Position Size Entry Price Patterns