APA Corporation has executed a strategic deleveraging, cutting total debt from $6.8B in Q2 2024 to $3.9B in Q2 2026 and improving its debt-to-equity ratio to 0.49, while rebuilding equity to $7.0B. However, the Q2 2026 gross margin collapse to 1.1%—driven by a...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue contracted 8.4% year-over-year in Q2 2026, and gross margin swung from 77.3% in Q1 2026 to 1.1% in Q2 2026 due to a $2.4B COGS impairment, though net income of $747M was boosted by non-operating gains.
APA's valuation is supported by a sum-of-the-parts approach, highlighting the potential undervaluation of its diverse assets.
APA benefits from a trading business with infrastructure-like characteristics, providing stable cash flows and reduced volatility.
APA holds significant optionality in Suriname, offering potential upside from exploration and development opportunities in the region.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $1.89-0.5% vs $1.90 | $2.4B-2.5% vs $2.5B |
Q2 2026 May 6, 2026 | $1.38+24.3% vs $1.11 | $2.2B+3.8% vs $2.1B |
Q1 2026 Feb 25, 2026 | $0.91+41.3% vs $0.64 | $2.0B+12.1% vs $1.8B |
Q4 2025 Nov 5, 2025 | $0.93+17.3% vs $0.79 | $2.1B+2.7% vs $2.1B |
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The latest trading day saw APA (APA) settling at $44.79, representing a -5.53% change from its previous close.
HOUSTON, Sept. 16, 2026 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's common shares.
APA Corporation (NASDAQ:APA) shares are trading lower on Wednesday after gaining more than 5% on Tuesday and breaking a long-term resistance level.
Benchmark APA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for APA Corporation (APA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $42.30 | $14.95B | 10.60 | -8.39% | 16.08% | 21.46% | 2.37% | |
| $46.93 | $32.86B | 11.17 | 7.83% | 16.67% | 14.9% | — | |
| $125.27 | $152.62B | 19.73 | 7.51% | 14.87% | 14.32% | — | |
| $58.82 | $16.27B | 12.31 | -4.55% | 9.55% | 8.27% | — | |
| $32.56 | $24.72B | 14.47 | 40.07% | 21.68% | 11.26% | — | |
| $21.29 | $17.83B | 16.63 | 1.29% | 21.52% | 10.7% | — |
APA Corporation (APA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
APA Corporation (APA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 8, 2026·SEC
May 26, 2026·SEC
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APA Corporation (APA) stock FAQ — growth, dividends, profitability & financials explained
APA Corporation (APA) reported $8.83B in revenue for fiscal year 2025. This represents a 805% increase from $976.0M in 1996.
APA Corporation (APA) saw revenue decline by 8.4% over the past year.
Yes, APA Corporation (APA) is profitable, generating $1.68B in net income for fiscal year 2025 (16.1% net margin).
Yes, APA Corporation (APA) pays a dividend with a yield of 2.37%. This makes it attractive for income-focused investors.
APA Corporation (APA) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.
APA Corporation (APA) generated $2.11B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
