APA (NASDAQ:APA) Issues Earnings Results, Beats Expectations By $0.34 EPS

APA (NASDAQ:APA) announced its quarterly earnings data on Wednesday. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.34, Zacks reports. APA had a net margin of 23.08% and a return on equity of 28.97%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 30.9% compared to the same quarter last year.

APA Price Performance

NASDAQ APA traded up $1.03 during mid-day trading on Friday, hitting $44.52. The stock had a trading volume of 4,434,204 shares, compared to its average volume of 6,612,810. APA has a 52-week low of $23.06 and a 52-week high of $52.96. The company has a market cap of $15.60 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 0.69 and a beta of 0.29. The company has a 50 day simple moving average of $45.87 and a 200 day simple moving average of $37.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, October 22nd will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. APA’s dividend payout ratio is currently 21.14%.

APA announced that its board has authorized a share repurchase program on Wednesday, September 16th that permits the company to buy back 40,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

APA has been the subject of a number of analyst reports. Morgan Stanley increased their target price on APA from $41.00 to $43.00 and gave the stock an “underweight” rating in a research note on Thursday, October 15th. Scotiabank began coverage on APA in a report on Wednesday, October 14th. They set a “sector perform” rating and a $44.00 price objective on the stock. Stephens upped their price objective on APA from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday. Mizuho increased their price objective on APA from $36.00 to $44.00 and gave the stock an “underperform” rating in a research report on Thursday, October 15th. Finally, Susquehanna raised their target price on APA from $47.00 to $58.00 and gave the company a “positive” rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.97.

Trending Headlines about APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: APA’s third-quarter adjusted earnings more than doubled year over year, beating analyst expectations, while revenue also exceeded estimates and rose 30.9%. The company cited stronger oil prices and U.S. production as key drivers. APA Q3 Earnings Beat on Strong Oil Prices and U.S. Output
• Positive Sentiment: APA raised its 2026 free-cash-flow outlook by $600 million to $2.9 billion, strengthening its capacity to reduce debt and support shareholder returns. APA Q3 Earnings Call Highlights Higher Cash Flow and 2027 Plans
• Positive Sentiment: APA is advancing exploration in Uruguay and discussing the potential for a second floating production vessel in Suriname, offering possible longer-term production growth. APA charters rig for Uruguay well and hints at second Suriname FPSO
• Neutral Sentiment: Barclays and Stephens raised their price targets to $44 and $51, respectively, but both maintained equal-weight ratings—suggesting measured rather than strongly bullish analyst views. Barclays rating information Stephens rating information
• Neutral Sentiment: Higher 2027 spending to advance Suriname development and exploration may build future growth, though it also means greater investment requirements. APA Q3 Earnings Call Highlights Higher Cash Flow and 2027 Plans

APA Company Profile

APA Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying hydrocarbon resources, drilling and completing wells, operating producing properties, and managing related infrastructure.

APA’s principal producing areas include the Permian Basin in the United States and Egypt’s Western Desert, where it operates through joint ventures with the Egyptian General Petroleum Corporation.