APA Corporation (APA) Stock

APA Corporation (APA) is a Energy stock trading at $44.38 (as of 2026-08-20), with a market capitalization of $15.69B and a trailing P/E of 10.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

APA Corporation, through subsidiaries, explores for, develops, and produces oil and gas, with operations in the United States, Egypt, and the United Kingdom and exploration activities offshore Suriname. It also operates oil and gas gathering, processing, and transmission assets in West Texas and has ownership interests in four Permian-to-Gulf Coast pipelines.

Understand APA Corporation: how it makes money

APA Corporation explores for, develops, and produces oil and gas, and it also gathers, processes, and transmits hydrocarbons (including pipeline ownership). It makes money primarily by selling oil, natural gas, and natural gas liquids generated from its upstream assets.

APA's profit engine is upstream production volume translating into sales of oil, natural gas, and natural gas liquids, which requires ongoing reinvestment as reflected in Upstream Capital Investment.

Business quality (Strong): Good: the dataset provides clear production and investment operating metrics. Limitation: reportable segment revenue breakdown does not reconcile with the provided total revenue_b value.

Valuation: At 9× earnings, APA trades 50% below the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Diversified hydrocarbon mix, with reported revenue streams for Oil, Natural Gas, and Natural Gas Liquids: Having multiple product sales can help reduce reliance on a single commodity within APA's upstream portfolio.
  • Scale and consistency of production across multiple geographies: Reported Production (Barrels of Oil Equivalent per Day) includes contributions across the United States, Egypt, the United Kingdom, and offshore Suriname activities.

Bear case

  • Commodity price and market sensitivity: Because revenue is tied to Oil Revenue, Natural Gas Revenue, and Natural Gas Liquids Revenue, adverse commodity pricing and realized prices can pressure results.
  • Capital intensity and execution risk: Upstream Capital Investment indicates a need for continued spending, which can create downside if projects underperform or costs run higher than expected.
Valuation — source: SEC EDGAR (first-party)
Price$44.38
Market Cap$15.69B
P/E Ratio10.7
EV / EBITDA2.8
Price / Book2.12
Price / Sales746.92
DCF Value (model)$658.16
DCF Upside vs Price1383.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$25.00M
Net Margin5736.0%
Revenue Growth (YoY)-100.0%
EPS Growth (YoY)31.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.36 (distress)
Valuation vs Sector & Industry
Stock P/E10.7
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector-36.1%
vs Industry-35.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.43B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOJohn J. Christmann
Employees2,305
CountryUS
IPO Date1979-05-15

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

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  • Permian Resources Corporation (PR)
  • Ovintiv Inc. (OVV)
  • Antero Resources Corporation (AR)
  • Range Resources Corporation (RRC)
  • SM Energy Company (SM)
  • Chord Energy Corporation (CHRD)
  • Viper Energy, Inc. (VNOM)
APA earnings history · APA institutional & insider holders · APA KPIs & operating metrics · APA financials · APA investor presentations & press releases · APA SEC filings · APA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.