APA (NASDAQ:APA) Announces Earnings Results

APA (NASDAQ:APA) issued its earnings results on Wednesday. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.34, Zacks reports. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.48 billion. APA had a return on equity of 24.84% and a net margin of 19.48%. The business’s revenue was up 30.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS.

APA Stock Performance

Shares of APA stock traded up $1.09 during trading hours on Thursday, reaching $45.58. 505,160 shares of the company’s stock were exchanged, compared to its average volume of 6,588,020. 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 has a fifty-two week low of $22.81 and a fifty-two week high of $52.96. The business has a fifty day moving average price of $45.82 and a 200-day moving average price of $37.89. The stock has a market capitalization of $15.97 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.74 and a beta of 0.29.

APA Announces Dividend

The company also recently announced 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. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, October 22nd. APA’s dividend payout ratio (DPR) is 21.14%.

APA declared that its board has approved a share repurchase program on Wednesday, September 16th that allows the company to buy back 40,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APA. UBS Group lifted their target price on shares of APA from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, October 12th. Weiss Ratings raised shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. Benchmark upped their price objective on shares of APA from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Argus raised shares of APA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, August 19th. Finally, Roth Capital set a $39.00 target price on shares of APA in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.83.

Key Headlines Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: APA earned $1.94 per share, beating the $1.60 consensus estimate, while revenue of $2.77 billion topped the $2.48 billion estimate and rose 30.9% year over year. Earnings also increased from $0.93 per share a year earlier. The sizable earnings and revenue beats are the clearest positive catalyst in the recent news. APA Corporation third-quarter 2026 results
• Neutral Sentiment: Stephens raised its APA price target to $51 from $49 but maintained an “equal weight” rating. The higher target is supportive, while the unchanged rating suggests the analyst sees relatively balanced risk and return. Stephens stock recommendations

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.