APA
APA Corporation
APA's fundamentals are mixed, but it looks expensive: trading at 7.7x earnings, above its usual 6.0x. Analysts expect earnings growth, though they disagree widely on how much.
APA Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Strong |
APA's profitability and balance sheet are currently strong. There isn't enough data to rate its revenue and cash flow.
APA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.3x | $20.49 | -57% |
| Fair | 6x | $37.05 | -22% |
| Current | 7.7x | $47.66 | — |
| Forward | 7.8x | $47.66 | — |
| Expensive | 8.6x | $53.17 | +12% |
Historical ranges are pointers, not guarantees.
APA's PE is in its expensive range at 7.7x. On analysts' estimates for next year's earnings, today's price would be 7.8x.
APA Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect APA's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
APA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.12 | -0.7% |
| Q3 2026 | $6.16 | +48% |
| Q2 2026 | $4.73 | +58% |
| Q1 2026 | $4.29 | +54% |
| Q4 2025 | $3.99 | +76% |
| Q3 2025 | $4.17 | -41% |
| Q2 2025 | $3.00 | -67% |
| Q1 2025 | $2.79 | -69% |
| Q4 2024 | $2.27 | -75% |
APA's earnings per share have fallen from their peak: $6.16 over the past year, against $11.02 in late 2022.
APA Quarterly Revenue
APA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | -5.8% |
| Q2 2026 | $1.7B | +44% |
| Q1 2026 | $554M | -49% |
| Q4 2025 | $808M | -22% |
| Q3 2025 | $1.5B | +9% |
| Q2 2025 | $1.2B | +35% |
| Q1 2025 | $1.1B | +198% |
| Q4 2024 | $1B | +0.6% |
APA's free cash flow has been positive every quarter since early 2021: $4.4B over the past year, down 6.9% from the year before.
APA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -4M shares |
| 1 year | -2.2% | -8M shares |
| 3 years | +14% | +42M shares |
| 5 years | -7.7% | -29M shares |
APA has 350M diluted shares, down 2.2% from a year ago.
APA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.7x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 1.2x | Healthy |
APA's net debt is less than a year of its operating earnings (EBITDA).
APA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 72.7 | Neutral |
APA's weekly RSI is 60 (neutral) and its Stochastic is 73 (neutral).
APA PE vs Energy Sector
| Metric | APA | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 13x | 41% below |
| PE % | 74 | 61 | 13 pts above |
APA is trading at 7.7x earnings, a 41% discount to the Energy sector's median of 13x.
APA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $47.3 | 0.7% above |
| 20 week MA | $42.5 | 12% above |
| 50 week MA | $36.6 | 30% above |
| 100 week MA | $28.7 | 66% above |
| 200 week MA | $31.1 | 53% above |
APA has climbed back above all five of its weekly moving averages, and it's now 53% above its 200-week average.
APA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.1 | $14.4 | -45% |
| 2021 | $14.4 | $26.1 | +81% |
| 2022 | $26.1 | $47.3 | +81% |
| 2023 | $47.3 | $35.9 | -24% |
| 2024 | $35.9 | $22.1 | -38% |
| 2025 | $22.1 | $24.2 | +9.5% |
| 2026 YTD | $24.2 | $47.7 | +97% |
APA is up 97% so far in 2026, after finishing lower in three of the previous six years.