APA Corp (APA)

Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component

$49.44 ▼ -0.19 (0.38%)

At close 22 Oct 2026 · USD · Volume 5,355,406

Compare with COP

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$55 +11.8% to fair value

$28fair band $47–$67$83

Day's range

$47.86 – $50.12

52-week range

$21.63 – $50.50

About APA Corp

APA Corporation is an independent company that explores for and produces crude oil, natural gas and natural gas liquids. Its operations include assets in the United States, Egypt and the North Sea, and exploration activity offshore Suriname. Revenue comes from selling the oil and gas it produces at market prices, so results depend on commodity prices, production volumes and the cost of drilling and operating.

Return on invested capital is 29%. Net debt to EBITDA is 0.5 times. It pays a dividend with a yield of 2.5%. The X-Ray Score is 62 out of 100. Return on invested capital describes how much profit the business earns relative to the money put into it. The X-Ray Score is a summary rating of the company's financial profile, expressed out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $21.63 – $50.50Volume 5,355,406Daily, split-adjusted

Vitals

Market cap$17.5B

52-week range$21.63 – $50.50

Volume (last day)5,355,406

P/E (TTM)10.5

EBIT / EV yield18.4%

Free-cash-flow yield–

Dividend yield2.5%

Revenue (TTM)–

Net income (TTM)$1.7B

Operating margin–

Return on capital29.2%

Debt incl. leases$3.7B

Cash & securities$444M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$55middle half of models $46 – $58

Fair +11.8% to fair value

Average of the 6 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $49

Undervalued < $47Fair $47 – $67Overvalued > $67

P/E multiple

$46

P/B multiple

$47

EV/EBITDA multiple

$59

EV/EBIT multiple

$56

Dividend discount, stable

$46

Dividend discount, multi-stage

$77

Growth the price implies

-12.2%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Strong business at a fair price

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better ✓ 71 The price is not above fair value $55 fair value Debt looks manageable 0.5× EBITDA Revenue has been growing Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Fair

64/100

Priced about in line with its sector.

See the numbers →

EBIT / EV yield18.4%

Fair value vs price1.1×

Growth Weak

29/100

Growing slower than most of its sector.

See the numbers →

EPS growth (3y)-28.7%

Profitability Strong

94/100

Earns high returns on the capital it uses.

See the numbers →

Return on invested capital29.2%

Financial health Weak

48/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA0.5×

Interest cover13.4×

Dividends Strong

71/100

Dividend is high and well covered by cash flow.

See the numbers →

Dividend yield2.5%

Dividend growth20.3%

Quarterly results: last 6 quarters

–

Mar '25

–

Jun '25

–

Sep '25

–

Dec '25

–

Mar '26

–

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue –, diluted EPS $2.11.

Compare with peers

EXE EXPAND ENERGY Corp67 EOG Eog Resources Inc66 EQT EQT Corp63 COP Conocophillips58

Other Oil & Gas Exploration & Production companies by X-Ray Score.

SWOT analysis: APA Corp

Strengthsinside the company

Return on invested capital is 29.2%, against a median of 11.4% for industry peers.
Operating profit covers interest 13x, so debt costs are a small drag.

Weaknessesinside the company

Earnings per share have declined 28.7% a year over three years.

Opportunitiesvaluation and setting

Trades at 10.4x earnings, 22% below the 13.4x median of industry peers.
Our Market Compass rates the backdrop for Energy as favourable.
Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

Earnings in Oil & Gas Exploration & Production follow the industry cycle, so margins and profits can swing from year to year.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare APA with peers and sector

Medians of 8 Oil & Gas Exploration & Production peers and of 19 Energy stocks in our universe. Largest peers (X-Ray Score): COP 58, EOG 66, OXY 36, FANG 36, DVN 49, EQT 63.

Metric	APA	Peers	Sector
X-Ray Score (out of 100)	62	54	50
Valuation	64	73	47
Growth	29	55	53
Profitability	94	52	49
Financial health	48	58	55
Dividends	71	38	49

Sector leaders: highest X-Ray Score in Energy

APA ranks #4 of 20 in Energy and #4 of 9 in Oil & Gas Exploration & Production by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 EXE EXPAND ENERGY Corp	67
#2 EOG Eog Resources Inc	66
#3 EQT EQT Corp	63
#4 APA APA Corp (this stock)	62
#5 COP Conocophillips	58

Metric	APA	Peers	Sector
P/E ratio	10.4x	13.4x	17.4x
PEG ratio	–	–	2.22
Price / book	2.5x	1.5x	2.6x
Price / sales	–	3.0x	2.3x
EV / EBITDA	3.5x	6.6x	9.9x
Price / free cash flow	–	9.5x	15.8x
Dividend yield	2.5%	2.2%	2.3%
Gap to our fair value	+11.8%	+25.0%	+13.5%

Metric	APA	Peers	Sector
Price change, 1 month	+16.9%	+7.2%	+7.6%
Price change, 3 months	+36.7%	+5.4%	+4.8%
Price change, 6 months	+30.8%	+4.3%	+10.6%
Price change, 1 year	+121.0%	+47.3%	+51.5%

Metric	APA	Peers	Sector
Market value	$17.5B	$50.8B	$74.6B
Revenue (last 12 months)	–	$18.7B	$22.4B
EBITDA (last 12 months)	$6.0B	$7.8B	$7.7B
Net income (last 12 months)	$1.7B	$3.0B	$3.5B
Free cash flow (last 12 months)	–	$4.2B	$3.8B

Metric	APA	Peers	Sector
Revenue growth, last year	–	+10.5%	+3.9%
Revenue growth, 3 years a year	–	−4.4%	−5.7%
EPS growth, 3 years a year	−28.7%	−26.5%	−22.4%
Free cash flow growth, 3 years a year	–	−13.4%	−17.7%
Dividend growth	+20.3%	−12.8%	+2.3%

Metric	APA	Peers	Sector
Gross margin	–	–	35.2%
EBITDA margin	–	49.7%	39.3%
Operating margin	–	25.7%	23.0%
Net margin	–	22.9%	13.5%
Return on invested capital	29.2%	11.4%	12.0%
Return on equity	23.9%	14.3%	14.6%

Metric	APA	Peers	Sector
Net debt / EBITDA	0.5x	0.8x	1.4x
Interest cover	13.4x	41.5x	27.7x
Current ratio	0.9x	1.2x	1.3x
Piotroski F-score (0 to 9)	6	5	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for APA

Each factor is rated by where APA stands among the 20 Energy stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 7 Good · 4 Average · 1 Bad of 12 Growth: 0 · 0 · 1 Profitability: 2 · 0 · 0 Financial strength: 1 · 3 · 0 Valuation: 2 · 1 · 0 Cash flow: 2 · 0 · 0

Factor	APA	Rating	Sector median	Own 5-year median	Against own history
Growth
EPS growth, 3 years a year	−28.7%	Bad beats 29%	−22.6%	–	–
Profitability
Return on invested capital	29.2%	Good beats 92%	12.3%	–	–
Return on equity	23.9%	Good beats 78%	15.2%	65.5%	▼ Worse
Financial strength
Net debt / EBITDA	0.5x	Good beats 69%	1.1x	1.0x	▲ Better
Interest cover	13.4x	Average beats 34%	22.5x	9.6x	▲ Better
Current ratio	0.95	Average beats 38%	1.19	1.02	≈ In line
Piotroski F-score	6 / 9	Average beats 57%	6 / 9	–	–
Valuation
P/E ratio	10.4x	Good beats 88%	17.4x	6.1x	▼ Worse
Price / book	2.5x	Average beats 63%	2.6x	2.9x	▲ Better
EV / EBITDA	3.5x	Good beats 97%	9.4x	3.1x	≈ In line
Cash flow
Cash from operations / net income	2.70	Good beats 93%	1.95	3.17	▼ Worse
Accruals (lower is better)	−15.9%	Good beats 98%	−6.6%	–	–

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 4 Good · ● 4 Average · ● 2 Bad

Cash quality

Earnings backed by cashGood

Risk models

Altman Z''Bad

Piotroski F-ScoreAverage

Growth

EPS growth (3y)Bad

Balance sheet

Current ratioAverage

Net debt / EBITDAGood

Interest coverAverage

Valuation

Fair value vs priceAverage

EBIT / EV yieldGood

Profitability

Return on invested capitalGood

Each check is graded against the company's sector, not a fixed number. Checklist score 65/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	–	–	–	–	–
Operating income	$2.9B	$5.6B	$3.7B	$2.4B	$3.1B
Net income	$973M	$3.7B	$2.9B	$804M	$1.4B
Operating cash flow	$3.5B	$4.9B	$3.1B	$3.6B	$4.5B
Operating margin	–	–	–	–	–
Free cash flow	–	–	–	–	–
Diluted EPS	$2.59	$11.02	$9.25	$2.27	$3.99

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bullish

12 bullish · 2 neutral · 2 bearish

Weekly

Strongly bullish

11 bullish · 0 neutral · 1 bearish

Monthly

Strongly bullish

7 bullish · 0 neutral · 1 bearish

Moving averages (daily)

SMA 10	48.27	Bullish
EMA 10	48.22	Bullish
SMA 20	45.79	Bullish
EMA 20	46.77	Bullish
SMA 50	44.39	Bullish
EMA 50	44.17	Bullish
SMA 100	39.86	Bullish
EMA 100	41.29	Bullish
SMA 200	36.68	Bullish
EMA 200	37.10	Bullish

Oscillators (daily)

RSI (14)	67.97	Neutral
MACD (12, 26)	1.72	Bullish
Momentum (12)	12.11	Bullish
Stochastic %K (14)	86.43	Bearish
Williams %R (14)	-13.57	Bearish
CCI (20)	93.62	Neutral

Pivot points (classic, last session)

45.90

46.88

48.16

Pivot

49.14

50.42

51.40

52.68

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

1.00 USD

Yield on today's price

2.02%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
22 Oct 2026	0.2500
22 Jul 2026	0.2500
22 Apr 2026	0.2500
22 Jan 2026	0.2500
22 Oct 2025	0.2500
22 Jul 2025	0.2500
22 Apr 2025	0.2500
22 Jan 2025	0.2500
22 Oct 2024	0.2500
22 Jul 2024	0.2500
19 Apr 2024	0.2500
19 Jan 2024	0.2500

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold APA

ETF	Share of the fund
FXN First Trust Energy AlphaDEX	4.99%
FCG First Trust Natural Gas	3.29%
XOP SPDR S&P Oil & Gas Exploration & Produ...	2.33%
IEO iShares U.S. Oil & Gas Exploration & P...	2.17%
GUSH Direxion Daily S&P Oil & Gas Exp. & Pr...	1.58%
SPYD SPDR Portfolio S&P 500 High Dividend	1.47%
CALF Pacer US Small Cap Cash Cows 100	1.45%
DVY iShares Select Dividend	1.04%

The eight funds with the largest weight in APA among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.