APA Corporation (APA)
Sous-évaluéFondamental
82
Prix
$42.68
Capitalisation boursière
$15.30B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
APA Corporation explores for and produces crude oil, natural gas and natural gas liquids. It owns no refineries or pipelines beyond what it needs to move its own output: wells are drilled, hydrocarbons extracted, and sold as raw commodities at prevailing market prices. Operations concentrate in three areas — the Permian Basin and other U.S. onshore fields, Egypt's Western Desert, where APA has explored for decades, and the North Sea offshore the United Kingdom, from which the company plans to exit production before 2030.
Comment l'entreprise gagne de l'argent
Revenue comes from selling oil, natural gas and NGLs at spot or contracted prices tied to benchmark indices, so it moves with global commodity markets rather than with any pricing power of APA's own. In 2025 the U.S. supplied just over half of oil revenue and about a quarter of gas revenue; Egypt contributed over a third of oil revenue and the majority of gas revenue, produced under production-sharing terms with the Egyptian state; the smaller North Sea business is being wound down ahead of the planned exit.
Avantage concurrentiel
Aucun avantage identifié · AucunOil, gas and NGLs are fungible commodities sold at whatever the market pays that day. APA cannot charge more than a competitor for the same barrel, and its main lever is finding and lifting hydrocarbons more cheaply than others in the same basins — a cost position, not a durable advantage that keeps customers or blocks new supply from entering the market.
Ce qui stimule la demande
CycliqueResults swing with global oil and gas prices, which the company does not control and which are driven by OPEC+ supply decisions, global growth, and geopolitical shocks far outside its operations. A period of low prices squeezes cash flow and capital spending at the same time, since both are set by the same commodity cycle.
Principaux risques
- Commodity price volatility — The company states that oil, natural gas and NGL prices are highly volatile and driven by factors beyond its control, and that a prolonged period of low prices could materially affect its financial condition and its ability to fund capital spending.
- Concentration in Egypt — A large share of production and reserves sits in Egypt's Western Desert, operated under agreements with the Egyptian state. Political instability, contract renegotiation or a change in the fiscal terms there would affect results well beyond what a single well or field could explain.
- North Sea wind-down costs — APA is planning to cease North Sea production before 2030 and recorded a $796 million impairment on North Sea properties in 2024. Decommissioning obligations and further write-downs on a shrinking asset base can still weigh on results during the exit.
Les arguments en faveur
Buyers argue that a low-cost position in the Permian and decades of experience in Egypt let APA keep producing profitably through the cycle, that the North Sea exit removes a shrinking, capital-hungry asset, and that free cash flow can fund debt reduction once commodity prices stabilize.
Les arguments contre
Sellers fear that a downturn in oil and gas prices would hit a company with no pricing power directly on the bottom line, that political or fiscal changes in Egypt could reduce the share of production APA actually keeps, and that decommissioning the North Sea business absorbs cash without adding new reserves.
Written by the editors, published on 18 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 23 août 2026 with claude-opus-5 — shared with all users
Occidental is the closest structural match to APA: a large US independent that pairs a major Permian Basin oil position with international production-sharing contracts in the Middle East, so the two bid against each other for Permian acreage and for host-government licences abroad.
Diamondback is the largest pure-play Permian producer and competes head-on with APA's US segment — roughly 55% of APA's output — for the same West Texas acreage, the same drilling rigs and pressure-pumping crews, and the same crude buyers and pipeline capacity.
Devon, enlarged by its May 2026 merger with Coterra, is a multi-basin US shale operator anchored in the Delaware Basin, the same sub-basin where APA's Permian production and acquisition pipeline sit.
Ovintiv is a North American multi-basin independent of comparable size with a Permian core, competing with APA for the same drilling inventory, oilfield services and capital in the mid-cap E&P bracket.
Permian Resources is a Delaware Basin pure-play that competes directly with APA's US business for undeveloped acreage, bolt-on acquisitions and midstream takeaway capacity in exactly the same fairway.
Murphy follows the same hybrid model as APA — cash-generating onshore North American shale funding high-risk offshore exploration abroad — so the two compete for the same frontier exploration blocks and for the investors who buy that profile.
Bilan & Liquidités
Chiffre d'affaires
$8.72B
Exercice clos le 31/12/2025
Résultat net
$1.43B
Exercice clos le 31/12/2025
Flux de trésorerie libre
-
Capitaux propres totaux
$6.09B
Passif total
$10.76B
Ratio de liquidité général
0.95
Couverture des intérêts
13.40
Dette/EBITDA
0.72
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
Aucune donnée de résultat disponible
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$65.60
Prix actuel
$42.68
Marge de sécurité
+34.9%
Fourchette de juste valeur
$42.64 - $88.56
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
9.16
ROE
23.5%
Ratio P/B
2.16
P/FCF
-
Marge brute
-
ROIC
19.4%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
19.4%
WACC
7.7%
ROIC − WACC
+11.7 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (16)
- EPS shows upward trend
- ROIC 19.4%
- P/B Ratio 2.16
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- ROE 26.3%
- Revenue Growth 5Y 15.0%
- Earnings Surprise avg 19.5%
- Earnings Quality (OCF/NI) 2.70
- Share Dilution 1.5%
- Piotroski F-Score 5/9
Échoué (3)
- Price CAGR -3.66%
- DCF valuation (Unknown)
- Analyst Consensus 39% Buy
Indisponible (8)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- PEG Ratio (need PE > 0 and growth > 0)
- Net Margin Trend (invalid data)
Score F de Piotroski
Signaux mixtes : certains domaines nécessitent attention
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Le nombre d'actions est stable
Participations institutionnelles
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. John J. Christmann IV | CEO & Director | 58 |
| Mr. Stephen J. Riney | President | 64 |
| Mr. Ben C. Rodgers | Executive VP & CFO | 45 |
| Ms. Kimberly O. Warnica J.D. | Executive VP, Chief Legal Officer & Corporate Secretary | 51 |
| Ms. Tracey K. Henderson | Executive Vice President of Exploration | 58 |
| Mr. Robert P. Rayphole | VP, Chief Accounting Officer & Controller | 51 |
| Mr. Mandeep Walia | Vice President & Chief Information Officer | - |
| Mr. Mark D. Maddox | Executive Vice President of Administration | 58 |
| Mr. Stephane M. Aka | Managing Director of Investor Relations | - |
| Mr. Scott R. Grandt | Senior Vice President of U.S. Assets & Corporate Development | - |
Risque d'audit
5
Risque du conseil
2
Risque de rémunération
9
Risque droits des actionnaires
7
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Documents
- Voir le document
Rapport annuel (10-K)
Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.
Déposé le 2026-02-26
- Voir le document
Rapport trimestriel (10-Q)
Une mise à jour de la performance financière des trois derniers mois.
Déposé le 2026-08-06
- Voir le document
Rapport d'événement important (8-K)
Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.
Déposé le 2026-08-05
via SEC EDGAR
Historique des résultats
via SEC EDGAR
Latest News
Recent headlines for APA, sourced from Markets Gazette.
- 3/30/2026NEGATIVETop 2 Energy That May Collapse This Month
APA Corporation, an energy sector stock, is flashing warning signs for momentum investors. The Relative Strength Index (RSI) indicates that APA is highly overbought, suggesting a potential for a significant price correction. This technical indicator, which compares the magnitude of recent gains to recent losses, signals that the stock's price has risen too quickly and may be due for a pullback. Investors should be cautious of potential downside risk in the near term.
- 2/26/2026NEUTRALAPA (APA) Q4 2025 Earnings Call Transcript
Markets Gazette reports that APA Corporation (APA) held its Q4 2025 earnings call on February 26, 2026. While such events are standard for publicly traded companies, the detailed transcript content is currently unavailable. This prevents analysts from assessing the financial performance, future outlook, or any strategic announcements that could impact the stock's valuation. Investors are awaiting further information to form informed judgments on the company's trajectory within the energy sector and its portfolio implications. Without concrete data, the market remains in a holding pattern, awaiting clarity.
- 2/25/2026NEUTRALAPA Earnings Review: Q4 Summary
APA Corporation has announced its Q4 earnings review, yet specific financial details such as revenues, earnings per share, or future guidance have not been disclosed. This critical lack of information makes it challenging for investors to assess the company's current performance and its potential impact on share value. Without concrete data, the market remains in a holding pattern, with any stock movements likely driven by speculation rather than solid fundamentals. Analysts and investors will need to await the full report's publication to form informed judgments and make trading decisions.
via Markets Gazette