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

APA (NASDAQ:APA) released its earnings results on Wednesday. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.48 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. APA’s revenue was up 30.9% on a year-over-year basis.

APA Stock Performance

NASDAQ:APA traded down $3.28 during mid-day trading on Wednesday, hitting $44.49. The stock had a trading volume of 8,414,648 shares, compared to its average volume of 5,332,244. APA has a twelve month low of $21.63 and a twelve month high of $52.96. The stock has a market cap 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 company’s 50 day simple moving average is $45.82 and its 200 day simple moving average is $37.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95.

APA Dividend Announcement

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

APA News Summary

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 announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 16th that permits the company to buy back 40,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APA. Weiss Ratings upgraded APA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $43.00 price target on shares of APA in a research report on Monday, September 7th. Raymond James Financial upped their price objective on APA from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Barclays cut their price objective on APA from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Zacks Research raised APA from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned 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 has an average rating of “Hold” and an average target price of $44.76.

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.