APA Corp (APA) stock
APANasdaqCrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 10/3037% below fair value
$52.82+1.31 (+2.54%)
Close on Oct 30, 2026Market cap $18.51BP/E 11.2Yield 1.89%
Earnings
APA's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 24, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$2.37B
+9.0% on a year earlier
Adjusted earnings, Q2 FY2026
$1.89
$0.87 a year earlier
Latest guidance
Raised
Aug 5, 2026 · 4 items
Quarterly results
Revenue and earnings per share from each of APA's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 24, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 7, 2026after the close | – | – | – | – | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 5, 2026after the close | $2.37B | +9.0% | $2.11 | $1.89 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026after the close | $2.33B | -11.7% | $1.26 | $1.38 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 25, 2026after the close | $1.99B | -26.6% | $0.79 | $0.91 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 8, 2025after the close | – | – | – | – | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 7, 2025during market hours | $2.18B | -14.4% | $1.67 | $0.87 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025during market hours | $2.64B | +35.1% | $0.96 | $1.06 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 27, 2025during market hours | $2.71B | +25.1% | $0.96 | $0.79 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 7, 2024during market hours | $2.53B | +9.7% | -$0.60 | $1.00 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024during market hours | $2.54B | +41.6% | $1.46 | $1.17 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024during market hours | $1.95B | -2.8% | $0.44 | $0.78 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 22, 2024before the open | $2.17B | -12.3% | $5.78 | $1.15 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 2, 2023during market hours | $2.31B | -20.1% | $1.49 | $1.33 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 3, 2023during market hours | $1.80B | – | $1.23 | $0.85 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 4, 2023before the open | $2.01B | -24.8% | $0.78 | $1.19 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 23, 2023during market hours | $2.47B | +7.5% | $1.38 | $1.48 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022during market hours | $2.89B | +40.2% | $1.28 | $1.97 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 4, 2022during market hours | – | – | $2.71 | $2.37 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022during market hours | $2.67B | – | $5.43 | $1.92 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 22, 2022during market hours | $2.30B | – | $1.05 | $1.29 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 4, 2021during market hours | $2.06B | – | -$0.30 | $0.98 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 5, 2021during market hours | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 6, 2021before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
APA's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Total company upstream capital investmentnon-GAAP | FY2026 | $2.07B | $2.10B | Lowered | Aug 5, 2026 |
| U.S. capital | FY2026 | $1.30B | $1.20B | Raised | Aug 5, 2026 |
| Adjusted productionnon-GAAP | FY2026 | 72,000 | – | Lowered | Feb 25, 2026 |
| Egypt gross gas production | FY2026 | 540 – 550 | – | Lowered | May 6, 2026 |
| gas production | FY2026 | +13% – +15% | – | New | Feb 25, 2026 |
| Lease operating expensesGAAP | FY2026 | $1.50B | – | New | Aug 5, 2026 |
| LOE | FY2026 | $1.50B | – | New | May 6, 2026 |
| run-rate savings | FY2026 | $350.00M | – | New | Aug 7, 2025 |
| Total adjusted productionnon-GAAP | FY2026 | 371,000 | – | New | Feb 25, 2026 |
| U.S. oil production | FY2026 | 123,000 | 122,000 | Raised | Aug 5, 2026 |
Guidance history
Every forecast APA put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 5, 2026 | U.S. capital | FY2026 | $1.30B | Raised |
| Aug 5, 2026 | Total company upstream capital investment | FY2026 | $2.07B | Lowered |
| Aug 5, 2026 | U.S. oil production | FY2026 | 123,000 | Raised |
| Aug 5, 2026 | Lease operating expenses | FY2026 | $1.50B | New |
| May 6, 2026 | Upstream capital investment | Q2 FY2026 | $575.00M | New |
| May 6, 2026 | upstream capital investment | FY2026 | $2.10B | Reaffirmed |
| May 6, 2026 | U.S. oil production | Q2 FY2026 | 121,000 | New |
| May 6, 2026 | gross gas production | Q2 FY2026 | 540 | Lowered |
| May 6, 2026 | U.S. oil production | FY2026 | 122,000 | Raised |
| May 6, 2026 | Egypt gross gas production | FY2026 | 540 – 550 | Lowered |
| May 6, 2026 | LOE | FY2026 | $1.50B | New |
| Feb 25, 2026 | Permian development capital | FY2026 | $1.20B | New |
| Feb 25, 2026 | total upstream capital | FY2026 | $2.10B | New |
| Feb 25, 2026 | U.S. oil production | FY2026 | 120,000 – 122,000 | New |
| Feb 25, 2026 | Total adjusted production | FY2026 | 371,000 | New |
| Feb 25, 2026 | Adjusted production | FY2026 | 72,000 | Lowered |
| Feb 25, 2026 | gas production | FY2026 | +13% – +15% | New |
| Aug 7, 2025 | capital guidance for the development of the 220,000 barrels of oil per day GranMorgu project | FY2025 | $275.00M | New |
| Aug 7, 2025 | realized savings target | FY2025 | $200.00M | New |
| Aug 7, 2025 | year-end run-rate savings target | FY2025 | $300.00M | Raised |
| Aug 7, 2025 | run-rate savings | FY2026 | $350.00M | New |
| May 8, 2025 | U.S. oil production | FY2025 | 125,000 – 127,000 | New |
| May 8, 2025 | income from third party oil and gas marketing activities | FY2025 | $575.00M | New |
| May 8, 2025 | annualized run-rate savings | FY2025 | $225.00M | New |
| May 8, 2025 | realized savings on controllable spend | FY2025 | $130.00M | Lowered |
| Feb 27, 2025 | upstream oil and gas capital | FY2025 | $2.50B – $2.60B | Reaffirmed |
| Nov 7, 2024 | upstream capital investment | Q4 FY2024 | $645.00M | New |
| Nov 7, 2024 | capital | FY2025 | $2.50B – $2.60B | New |
| Aug 1, 2024 | capital | FY2024 | $2.70B | Reaffirmed |
| Aug 1, 2024 | U.S. oil production | Q4 FY2024 | +8% | New |
| Aug 1, 2024 | net gain on third-party oil and gas purchases and sales | FY2024 | $350.00M | New |
| May 2, 2024 | upstream oil and gas capital | FY2024 | $2.70B | New |
| Feb 22, 2024 | upstream capital budget | FY2024 | $1.90B – $2.00B | New |
| Feb 22, 2024 | U.S. oil growth | FY2024 | +8% | New |
| Nov 2, 2023 | upstream capital investment | Q4 FY2023 | $500.00M | New |
| Aug 3, 2023 | upstream capital investment | FY2023 | $1.90B | Lowered |
| Aug 3, 2023 | LOE | FY2023 | $1.40B | New |
| May 4, 2023 | upstream capital investment | FY2023 | $1.90B – $2.00B | Lowered |
| Feb 23, 2023 | upstream oil and gas capital | FY2023 | $2.00B – $2.10B | New |
| Feb 23, 2023 | adjusted BOE growth | FY2023 | +4% – +5% | New |
| Nov 3, 2022 | capital investment | FY2022 | $1.73B | Reaffirmed |
| Nov 3, 2022 | free cash flow | FY2022 | $2.70B | Lowered |
| Nov 3, 2022 | adjusted production | Q4 FY2022 | 328,000 – 332,000 | New |
| Aug 4, 2022 | capital investment | FY2022 | $1.73B | Reaffirmed |
| May 5, 2022 | capital investment | FY2022 | $1.73B | Raised |
| May 5, 2022 | free cash flow | FY2022 | $2.90B | New |
| Feb 22, 2022 | upstream capital investment | FY2022 | $1.60B | New |
| Feb 22, 2022 | capital investment | from 2022 to 2024 | $5.00B | – |
| Feb 22, 2022 | FCF | the next three years | $6.50B | – |
| Nov 4, 2021 | Free Cash Flow | FY2021 | $2.00B | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases APA filed with the SEC as exhibits to Form 8-K or 6-K
- Results
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- Update
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