APA (APA) stock
Energy · Oil & Gas Exploration & Production
APA (APA) is an Oil & Gas Exploration & Production company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, APA closed at $51.90, a market capitalization of $18.18 billion, the 422nd largest company in the S&P 500. Over the last twelve months it generated $8.57 billion in revenue (+9% year over year) and $2.10 billion in free cash flow. The stock trades at 11.0x trailing earnings and 9.9x forward earnings.
- 1-year total return: +116.8% (dividends reinvested)
- 5-year return: +16.9% a year
- 52-week range: $21.63 – $52.39
- Gross margin 78.3%, operating margin 56.3%
- Dividend yield: 1.93%
- FI Handbook report card: B+ across 10 metrics
- 21st largest of 21 Energy stocks in the S&P 500
APA price chart
1Y price change: +110.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| APA | +19.4% | +118.3% | +116.8% | +12.2% | +16.9% | +0.7% | +7.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1979.
APA key statistics
- Market cap
- $18.2B
- #422 in S&P 500
- P/E (TTM)
- 11.0x
- Forward P/E
- 9.9x
- EPS (TTM)
- $4.71
- Revenue (TTM)
- $8.6B
- +9%
- Free cash flow
- $2.1B
- Gross margin
- 78.3%
- Operating margin
- 56.3%
- Return on equity
- 26.7%
- Dividend yield
- 1.93%
- 52-week range
- $21.63 – $52.39
- Beta
- 0.42
- Price / sales
- 2.1x
- EV / EBITDA
- 3.9x
- Debt / equity
- 0.49x
- Employees
- 1,791
APA report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth9.2%C
- Gross margin78.3%A
- Operating margin56.3%A
- FCF margin24.5%B
- Return on equity26.7%A
- Net debt / EBITDA0.6xB
- Forward P/E9.9xA
- PEG ratio1.2xB
- Shareholder yield1.9%C
- Share count change / yr-1.0%B
APA financials
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating income | -$2.2B | -$4.1B | $2.9B | $5.6B | $3.7B | $2.4B | $3.1B |
| Net income | -$3.7B | -$4.9B | $1.3B | $4.1B | $2.9B | $804.0M | $1.4B |
| EPS (diluted) | $-9.43 | $-12.86 | $2.59 | $11.02 | $9.25 | $2.27 | $3.99 |
| Dividends paid | $376.0M | $123.0M | $52.0M | $207.0M | $308.0M | $353.0M | $360.0M |
| Diluted shares | 377.0M | 378.0M | 375.0M | 333.0M | 309.0M | 353.0M | 359.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into APA?
A reverse DCF asks what growth the current price requires. With an enterprise value of $21.6B and $2.1B of trailing free cash flow, APA needs to grow free cash flow about -5.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 13.0x vs. median 8.3x (10th–90th percentile 2.7x–15.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
APA dividend
- Dividend yield
- 1.93%
- Annual dividend
- $1.00
- Years of increases
- —
- 5-yr dividend growth
- 67.9%
- per year
- Payout ratio
- 21%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
APA analyst price targets
25 analysts' average 12-month target is $48.72 (-6% vs. $51.90). Targets range from $37.00 to $63.00. 36% rate it a buy.
APA earnings
Next report: November 4, 2026. APA has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $2.4B (+9% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $1.87 | $1.89 | +1.0% |
| May 6, 2026 | $1.14 | $1.38 | +20.9% |
| Feb 25, 2026 | $0.64 | $0.91 | +41.7% |
| Nov 5, 2025 | $0.79 | $0.93 | +17.6% |
| Aug 5, 2025 | $0.48 | $0.87 | +79.5% |
| May 6, 2025 | $0.82 | $1.06 | +29.2% |
| Feb 25, 2025 | $0.95 | $0.79 | -16.7% |
| Nov 7, 2024 | $0.99 | $1.00 | +1.5% |
Stocks like APA
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 EOG EOG Resources | +3.21% | +56% | $85.5B | 12.7x | Compare |
 OXY Occidental Petroleum Corporatio | +2.67% | +53% | $64.1B | 18.2x | Compare |
 FANG Diamondback Energy | +4.37% | +43% | $57.6B | 40.0x | Compare |
 DVN Devon Energy | +4.49% | +58% | $56.5B | 11.2x | Compare |
 EQT EQT | +1.76% | +5% | $34.8B | 12.9x | Compare |
 TPL Texas Pacific Land | +1.38% | +9% | $23.3B | 43.1x | Compare |
 EXE Expand Energy | +0.29% | -9% | $21.6B | 8.0x | Compare |
APA news
- Earnings Preview: What To Expect From APA Corporation's Report · Oct 23, 2026
- APA Plans to Keep Forties Charlie Operational Amid Strike Threat · Oct 22, 2026
- 5 Dividend Stocks Going Ex-Dividend This Week. Which Payouts Are Safest? · Oct 19, 2026
- The Zacks Analyst Blog Highlights Ross Stores, Roku, APA, Corcept Therapeutics and Halozyme Therapeutics · Oct 19, 2026
- APA Corporation (APA) Hit a 52 Week High, Can the Run Continue? · Oct 14, 2026
APA stock FAQ
What is APA's market cap?
APA's market capitalization is $18.18 billion as of October 23, 2026, ranking 422nd in the S&P 500.
What is APA's P/E ratio?
APA trades at a trailing price-to-earnings ratio of 11.0x and a forward P/E of 9.9x. Its median P/E over the period we track is 8.3x.
Does APA pay a dividend?
Yes. APA pays $1.00 per share a year, a 1.93% yield. Dividends grew 67.9% a year over the last five years.
How much has APA stock returned?
Including reinvested dividends, APA returned +116.8% over one year, +16.9% a year over five years, +0.7% a year over ten years through October 23, 2026.
Is APA stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies APA must grow free cash flow about -6% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the APA price target?
25 analysts cover APA with an average 12-month price target of $48.72, -6% from the current price. 36% of them rate it a buy.
When does APA report earnings?
APA is expected to report earnings on November 4, 2026. It has beaten EPS estimates 6 quarters in a row.
How many employees does APA have?
APA has about 1,791 full-time employees, or $4.8 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology