APA (NASDAQ:APA) Releases Earnings Results, Beats Expectations By $0.34 EPS

Key Points

• APA beat quarterly expectations: Earnings were $1.94 per share versus the $1.60 consensus, while revenue of $2.77 billion topped the $2.48 billion estimate and rose 30.9% year over year.
• Shares fell 6.9% during Wednesday trading despite the strong results, closing at $44.49.
• APA declared a quarterly dividend of $0.25 per share and has authorized a buyback of up to 40 million shares.

APA (NASDAQ:APA - Get Free Report) released its quarterly earnings data 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. APA had a return on equity of 24.84% and a net margin of 19.48%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.48 billion. During the same quarter in the previous year, the business posted $0.93 EPS. APA's revenue for the quarter was up 30.9% on a year-over-year basis.

APA Stock Down 6.9%

Shares of NASDAQ APA traded down $3.28 during midday trading on Wednesday, reaching $44.49. The company's stock had a trading volume of 8,414,648 shares, compared to its average volume of 5,332,244. 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 has a fifty-two week low of $21.63 and a fifty-two week high of $52.96. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.74 and a beta of 0.29. The stock has a 50 day simple moving average of $45.82 and a 200-day simple moving average of $37.89.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, October 22nd. APA's dividend payout ratio (DPR) is currently 21.14%.

More APA News

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.

Analysts Set New Price Targets

Several brokerages have commented on APA. The Goldman Sachs Group restated a "sell" rating and set a $43.00 target price on shares of APA in a report on Monday, September 7th. Royal Bank Of Canada upped their price target on shares of APA from $47.00 to $49.00 and gave the company a "sector perform" rating in a report on Thursday, October 15th. Citigroup increased their price objective on shares of APA from $38.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, August 20th. Benchmark increased their price objective on shares of APA from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Stephens restated an "equal weight" rating and set a $49.00 price objective on shares of APA in a report on Friday, October 9th. One 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $44.76.

APA declared that its Board of Directors has authorized a stock repurchase program on Wednesday, September 16th that allows the company to repurchase 40,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Share buyback programs are typically a sign that the company's board believes its shares are undervalued.

About APA

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.

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