APA
Produces oil and gas across the Permian and Egypt while developing offshore Suriname.
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Profile
Produces and sells crude oil, natural gas and NGLs from a Permian-heavy U.S. base, Egypt’s Western Desert and the U.K. North Sea. Cash flow funds drilling and the sanctioned GranMorgu development in Suriname, while Egypt production-sharing contracts and the planned North Sea exit shape the portfolio.
Explores for, develops and produces crude oil, natural gas and natural gas liquids through operating subsidiaries. The core producing base spans the Permian Basin in West Texas, Egypt’s Western Desert and the U.K. North Sea; U.S. operations supply most production and the largest share of proved reserves.
A larger post-Callon footprint and subsequent asset sales have concentrated Permian drilling in the Midland and Delaware basins, while seismic-led prospect selection supports exploration and development in Egypt. Growth spending also supports the sanctioned GranMorgu project offshore Suriname. Egypt operates through production-sharing contracts with state oil company EGPC and a Sinopec joint venture, GranMorgu is operated by TotalEnergies, and North Sea investment is limited to safety and integrity ahead of a planned production exit.
Company facts
Key statistics
Year to date +67.7% · Average volume (30d) 5.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Argus Research | Upgrade | Hold | Buy | $48 | |
| Aug 12, 2026 | Wells Fargo | Reiterate | Positive | $39 | $49 | |
| Aug 12, 2026 | KeyBanc | Target | $45 | $46 | ||
| Aug 11, 2026 | Susquehanna | Reiterate | Positive | $45 | $47 | |
| Aug 6, 2026 | Roth Capital | Target | $38 | $39 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.90 | $1.89 | −0.5% | $2.46B | $2.40B | −2.5% | +5.40% |
| May 6, 2026Q1 FY26 | $1.11 | $1.38 | +24.3% | $2.13B | $2.22B | +3.8% | −5.38% |
| Feb 25, 2026Q4 FY25 | $0.64 | $0.91 | +41.3% | $1.76B | $1.98B | +12.1% | +4.53% |
| Nov 5, 2025Q3 FY25 | $0.79 | $0.93 | +17.3% | $2.06B | $2.12B | +2.7% | +9.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.64B | $2.18B | $2.12B | $1.99B | $2.33B | $2.40B | |
| Gross profit | $1.01B | $791.0M | $818.0M | $781.0M | $1.80B | $26.0M | |
| Operating income | $773.0M | $671.0M | $672.0M | $640.0M | $830.0M | −$1.10B | |
| Net income | $347.0M | $603.0M | $205.0M | $279.0M | $446.0M | $747.0M | |
| Diluted EPS | $0.95 | $1.67 | $0.57 | $0.79 | $1.26 | $2.11 | |
| Gross margin | 38.2% | 36.3% | 38.7% | 39.2% | 77.3% | 1.1% | |
| Operating margin | 29.3% | 30.8% | 31.8% | 32.1% | 35.7% | -45.7% |
Fiscal years (4-quarter sums)FY21 $7.99B · FY22 $11.08B · FY23 $8.28B · FY24 $9.74B · FY25 $8.92B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $444.0M · Total debt $3.88B · Total assets $17.97B · Shareholders' equity $7.02B
Dividends
Raised for 5 straight years — most recently to $0.25 from $0.125 in Oct 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 22, 2026 | Jul 22 | Aug 21 | $0.25 | |
| Apr 22, 2026 | Apr 22 | May 22 | $0.25 | |
| Jan 22, 2026 | Jan 22 | Feb 23 | $0.25 | |
| Oct 22, 2025 | Oct 22 | Nov 21 | $0.25 | |
| Jul 22, 2025 | Jul 22 | Aug 22 | $0.25 | |
| Apr 22, 2025 | Apr 22 | May 22 | $0.25 | |
| Jan 22, 2025 | Jan 22 | Feb 21 | $0.25 | |
| Oct 22, 2024 | Oct 22 | Nov 22 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 353.47M · Float 351.36M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 36.02M | 10.19% | 13F | Aug 7, 2026 |
| Hotchkis & Wiley Capital Management LLC | 31.70M | 8.97% | 13F | Aug 14, 2026 |
| State Street Corp | 25.18M | 7.12% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 23.10M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 17.33M | 4.90% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Mark D. Maddox | officer: Executive VP - Administration | −9,800 | $40.04 |
| Mar 18, 2026 | Matthew Regis Bob | director | −23,000 | $36.23 |
Peers
- Diamondback Energy
Permian oil-and-gas scale rival with deep horizontal inventory.
- Occidental Petroleum
Permian-heavy oil and gas producer with MENA upstream overlap.
- EOG Resources
Multi-basin U.S. shale peer for oil, NGL and gas execution.
- Devon Energy
Delaware-focused U.S. shale peer with oil and gas overlap.
- ConocoPhillips
Scale upstream peer spanning shale, Alaska and global exploration.
- Eni (ADR)
Egypt upstream and Mediterranean gas overlap
- ExxonMobil
Guyana offshore scale and global upstream capital rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| APA | $42.61 | +0.18% | $15.04B | 9.0 | 9.5 | 1.7 | +10.2% |
| Diamondback Energy | $197.67 | −0.03% | $55.61B | 38.6 | 10.7 | 3.3 | +32.1% |
| Occidental Petroleum | $59.23 | +0.23% | $58.78B | 9.1 | 13.2 | 2.3 | +27.7% |
| EOG Resources | $143.49 | +0.12% | $76.35B | 11.2 | 9.5 | 2.9 | +60.5% |
| Devon Energy | $47.48 | +0.26% | $52.09B | 11.2 | 9.5 | 2.6 | +83.2% |
| ConocoPhillips | $129.95 | −0.32% | $158.80B | 17.3 | 13.4 | 2.5 | +39.7% |
| Eni (ADR) | $53.50 | +1.23% | $76.51B | 13.2 | 8.3 | 0.8 | +26.1% |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| Median | 13.2 | 10.7 | 2.5 | +39.7% |