APA (NASDAQ:APA) Issues Earnings Results

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

APA Stock Performance

APA stock traded down $3.28 during trading on Wednesday, reaching $44.49. The company had a trading volume of 8,414,648 shares, compared to its average volume of 5,332,244. APA has a 52 week low of $21.63 and a 52 week high of $52.96. The firm’s 50-day simple moving average is $45.82 and its 200 day simple moving average is $37.89. The firm has a market capitalization of $15.59 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.

APA Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on APA. Wall Street Zen raised APA from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings raised APA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 17th. Roth Capital set a $39.00 target price on APA in a report on Thursday, August 6th. Truist Financial raised their target price on APA from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, October 12th. Finally, UBS Group boosted their price target on APA from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.76.

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

Key Headlines Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: APA earned $1.94 per share, above analysts’ estimates (reported as $1.44–$1.60), and up from $0.93 a year earlier. Revenue of $2.77 billion also topped the $2.48 billion estimate. The earnings beat is a positive signal for investors. APA Corporation third-quarter 2026 results Zacks Q3 earnings summary
• Neutral Sentiment: Despite the earnings and revenue beats, APA shares traded lower. The provided reports do not point to a specific negative catalyst or provide enough detail on the company’s outlook to explain the decline.

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.