Houston-based APA Corporation (APA) is an independent energy company that has been in the oil and gas business since 1954. It explores for, develops, and produces crude oil, natural gas, and natural gas liquids, with operations across the United States, Egypt, and the North Sea. Beyond its producing assets, APA is exploring and evaluating opportunities in Suriname and holds interests in projects in Uruguay and other international locations.
With a market capitalization of approximately $17.3 billion, the company operates across several important energy markets rather than relying on a single region. Its acquisitions, divestitures, and capital allocation decisions help shape its portfolio and long-term growth strategy.
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APA Corporation is all set to report its third-quarter 2026 earnings on Wednesday, Nov. 4, after market close. The company’s earnings conference call is scheduled for Thursday, Nov. 5, at 10 a.m. Central time.
Ahead of the announcement, analysts expect APA to deliver earnings of $1.33 per share, up 43% from $0.93 in the same quarter last year. The company has beaten Wall Street’s EPS estimates in each of the past four quarters. In its last reported quarter, adjusted EPS jumped 117.2% year over year (YOY) to $1.89, exceeding consensus expectations by 2.1%.
Looking further ahead to fiscal 2026, analysts expect APA Corporation to report an EPS of $6.10, up 61.8% from $3.77 in fiscal 2025. However, the outlook becomes less encouraging in fiscal 2027, when EPS is expected to decline 24.4% YOY to $4.61.
www.barchart.com Shares of APA Corporation have delivered impressive gains. APA stock has skyrocketed 116% over the past 52 weeks, substantially outperforming the S&P 500 Index’s ($SPX) 14.4% gains and the S&P 500 Energy Sector SPDR’s (XLE) 53.9% returns over the same time frame.
www.barchart.com APA Corporation’s stock has had a strong run over the past year, helped by a familiar friend in the energy business: rising oil prices. Middle East supply disruptions and tighter crude supplies have supported prices, giving the oil and gas producer a boost. On Oct. 21, APA's shares hit a 52-week high of $50.49.
The rally also gained support from company updates. After APA released supplemental estimates for Q3, its stock jumped last month. The company reported realized oil prices of $87.50 per barrel in the U.S. and $98.50 internationally, along with a $190 million pretax trading gain. It also repurchased 10.5 million shares at an average price of $42.78.
Earlier, APA shares rose following its Aug. 5 Q2 earnings report, which delivered an earnings beat and strong cash flow. Analyst optimism added another tailwind, with Susquehanna raising its price target to $58 from $47, citing higher oil-price assumptions and ongoing supply disruptions.
The consensus opinion on APA stock is a “Moderate Buy” rating, and that’s an upgrade from a “Hold” rating two months ago. Of the 30 analysts covering the stock, nine recommend a “Strong Buy,” two have a “Moderate Buy,” 16 suggest a “Hold,” and the remaining three advise a “Strong Sell” rating.
APA stock currently trades slightly above the average target price of $48.22. However, the mean price target of $63 indicates a potential upside of 27.4% from current price levels.
On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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