APA CorporationNasdaq: APA
Energy · Oil & Gas Exploration & Production
$34.13
-1.84%
Vol: 1.9M
Research Digest
Tuesday, June 16, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 15APA rallied over the weekend as Israel-Iran strikes spiked Brent crude, before a Trump-brokered ceaseire call trimmed gains, leaving the unhedged producer leveraged to volatile oil.Positive▶
Over the weekend of June 13-14, 2026, direct Israel-Iran strikes pushed Brent crude briefly above $98 a barrel, the most significant test of the fragile ceasefire since April, and APA shares gained roughly 4% as investors repriced a geopolitical risk premium into producer earnings. The rally faded after President Trump publicly called for an immediate ceasefire and Iran declared its strike wave complete, pulling WTI back from overnight highs to around $91. APA is viewed as well positioned because it carries no oil hedges, giving it full upside to elevated prices. It recently closed the ~$70M Savant Alaska acquisition to expand its eastern North Slope footprint, and Q1 2026 net income was $446M ($1.26/sh). Bear case: the move is geopolitically driven and reversible, oil already retraced, and a ceasefire could quickly erase the premium; Roth assigned a Neutral rating with a $37 target on June 10.
Jun 14APA Corporation agreed to acquire Savant Alaska for about $70 million upfront, adding North Slope midstream infrastructure and roughly 92,000 net acres to expand its Alaska growth platform.Positive▶
APA Corporation announced (June 10, 2026, with follow-on coverage June 12) a deal to acquire Savant Alaska, picking up the 40,000-bopd Badami production facilities and the 80,000-bpd Nutaaq Pipeline that connects the Badami field to the Trans-Alaska Pipeline System. The transaction carries roughly $70 million in upfront consideration plus contingent payments tied to future development, and adds about 17,000 net acres in Badami and about 75,000 net acres in the Grey Owl field, lifting APA's total North Slope holdings to about 487,000 gross acres. APA plans a two-well drilling campaign in the 2026-2027 winter season, with the deal expected to close by year-end 2026. The bear case: it adds capital commitments and exploration risk in a high-cost Arctic basin at a time when crude has been volatile, and contingent payments mean total cost could rise if development succeeds.
May 21APA Corporation declared a regular quarterly cash dividend of $0.25 per share on May 20, 2026, payable August 21 to stockholders of record July 22.Positive▶
APA Corporation's board declared a regular quarterly cash dividend of 25 cents per share on May 20, 2026, with the payment date set for August 21, 2026, and a record date of July 22, 2026. The dividend declaration follows a strong Q1 2026 earlier in the month, where APA reported adjusted earnings of $489 million ($1.38 per diluted share) and nearly $500 million in free cash flow. U.S. oil production exceeded guidance at 124,000 barrels per day, driven by Permian Basin efficiency gains. The company continues to advance debt reduction and structurally lower its cost base. APA shares have benefited from recent oil price strength, with the consensus analyst price target around $41.92.
May 20APA Corp posted a Q1 2026 beat with EPS of $1.38 vs $1.08 expected and repaid $634M in near-term bond maturities, reducing annual interest expense by $60M+.Positive▶
APA Corporation announced Q1 2026 financial and operational results on May 6, reporting net income of $446 million ($1.26 GAAP EPS) and adjusted EPS of $1.38 - well above the $1.08 consensus by 28%. Revenue of $2.3 billion also exceeded the $2.1 billion expected. U.S. oil production averaged 124,000 barrels per day, exceeding February guidance from efficiency gains and improved uptime in the Permian Basin. The quarter generated nearly $500 million of free cash flow with disciplined cost management. Through April, APA repaid $634 million in near-term bond maturities, which combined with 2025 deleveraging is expected to reduce annual interest expense by over $60 million in 2026. APA returned $88 million to shareholders via dividends in Q1. Shares rose 3.2% on May 11 to $36.70 and another 4.3% on May 13 to $37.09. Consensus rating is Hold with a $41.92 average PT.
May 19APA opens 2026-27 Tree Grant applications May 18 after Q1 EPS beat ($1.38 vs $1.08) and shares rally on $634M debt paydownPositive▶
On May 18, 2026, APA's Apache subsidiary opened applications for the 2026-2027 Tree Grant Program planting season in the U.S. APA reported strong Q1 2026 results on May 6 with adjusted EPS of $1.38 (vs $1.08 consensus, 27.8% beat) and revenue of $2.3B versus $2.1B expected, supported by U.S. oil production averaging 124,000 bpd ahead of guidance. Through April, the company repaid $634M of near-term bond maturities, reducing annual interest expense by more than $60M. APA shares rose 3.2% on May 11 to $36.70 and another 4.3% on May 13 to $37.09; APA also entered the Zacks Rank #1 Strong Buy list on May 12. Mizuho raised its price target to $32 from $29 on May 7.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 15APA shares rose 4.3% on May 13 to $37.09 as oil rally and $634M bond paydown lower interest cost by $60M annuallyPositive▶
APA Corp shares climbed 4.3% on May 13, 2026 to $37.09, helped by WTI crude rising 2.5% to ~$97.89 amid geopolitical uncertainty. APA reported Q1 2026 net income of $446M ($1.26/share GAAP, $1.38 adjusted), beating the $1.14 consensus on stronger oil prices and cost management. Through April 2026, APA repaid $634M in near-term bond maturities, which will lower annual interest expense by more than $60M. The company returned $88M via dividends in Q1 and exceeded U.S. oil production guidance. Mizuho raised its price target to $32 from $29 on May 7. Risk: shares are still down 15.4% over the past week and analyst valuations remain mixed despite the bond-repayment tailwind.
May 14APA Corp shares slide on weak market reaction despite Q1 beat, with Bernstein raising PT to $40Mixed▶
APA Corporation reported Q1 2026 results that beat estimates with adjusted EPS of $1.38 vs $1.08 expected and revenue of $2.3B vs $2.1B projected, but the stock fell 12.63% in after-hours trading to $36.24. Net income attributable to common stock was $446M, or $1.26 per share fully diluted. On May 11, 2026, Bernstein raised its price target to $40 from $37, while Mizuho raised PT to $32 from $29 on May 7. APA is down 15.4% over the past week and trades around 11.7% below the $42 analyst consensus target. The energy company continues to face skepticism around its Suriname offshore production and valuation versus peers despite the operational beat.
May 13APA Corp jumped 3.2% on May 11 as oil prices climbed amid US rejection of Iran peace proposal, following Q1 net income of $446MPositive▶
APA reported Q1 2026 results on May 6, 2026, with net income of $446M ($1.26 diluted EPS), or $1.38 adjusted EPS, and free cash flow of $477M. The company raised guidance for U.S. oil production while Egyptian operations remained stable. On May 11, shares jumped 3.2% as crude rallied on geopolitical risk after the U.S. rejected Iran's peace proposal, though the stock is still down 15.4% over the past week. Mizuho raised its price target to $32 from $29 on May 7. A $0.25/share dividend is payable May 22. APA's annual meeting is May 21, where shareholders will vote on directors, EY as auditor, executive pay, and an extended compensation plan.
May 12APA shares rallied on May 11 alongside oil-services peers as crude rebounded, after the stock had slid post-Q1 on Permian gas curtailments.Mixed▶
APA jumped roughly 3.2% on May 11 as crude prices firmed, joining a broader rally in Cactus, Oceaneering and Borr Drilling. The move offset some of a 15.4% weekly drawdown that followed Q1 details showing APA curtailed ~88 MMcf/d of U.S. gas and 6,800 bpd of NGLs due to negative Waha hub pricing. Q1 net income was $446M with $477M free cash flow; the company is targeting $450M run-rate controllable savings by year-end. BofA raised its price target to $30 from $27 while keeping an Underperform rating. Bear case: persistent Waha weakness and BofA's continued Underperform suggest the gas-curtailment headwind is structural.
May 11APA Corp beat Q1 2026 estimates with EPS of $1.38 (20.9% above consensus) but stock fell on cautious outlook.Mixed▶
APA reported Q1 2026 net income of $446M ($1.26 GAAP, $1.38 adjusted per share) on revenue of $2.33B, up 8.8% YoY. The non-GAAP profit was 20.9% above consensus. U.S. oil production averaged 124,000 bpd, exceeding February guidance from Permian Basin efficiency gains. The company is targeting $450M in cumulative run-rate cost savings by year-end 2026. Free cash flow projected at ~$2.2B for full-year 2026. Despite the beat, shares declined 5.38% in aftermarket trading and consensus rating remains Hold.
May 8Q1 revenue up 8.8% to $2.33B with non-GAAP profit 20.9% above estimates; targeting $450M cost savingsMixed▶
APA Corporation reported Q1 2026 results on May 6 with sales up 8.8% YoY to $2.33 billion and non-GAAP profit of $1.38/share beating consensus by 20.9%. U.S. oil production averaged 124,000 barrels per day exceeding guidance. Company targets $450M in cumulative controllable spend savings by year-end 2026, building on $350M achieved in 2025; drilling/completion costs down 30% from $930 to projected $600-$650 per lateral foot. Stock declined 5.38% after-hours despite strong fundamentals.
May 7APA Corp beats Q1 earnings expectations with 20.9% above-consensus profit, analysts raise price targets to $36Positive▶
APA Corporation reported Q1 2026 sales of $2.33 billion, up 8.8% year-over-year, with non-GAAP profit of $1.38 per share, significantly outperforming consensus estimates by 20.9%. Bank of America and Scotiabank raised their price targets to $30 and $36 respectively in late April. The company also announced dual listing of its common stock on Nasdaq Texas in March 2026, expanding trading venues.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| APAAPA | $34.13 | -1.84% | -13.4% | 8.1x | 0.33 | $12.3B |
| COPCONOCOPHILLIPS | $110.60 | -1.48% | -9.9% | 12.2x | 0.11 | $136.8B |
| EOGEOG | $131.02 | -0.73% | -7.7% | 8.9x | 0.26 | $70.3B |
| OXYOCCIDENTAL | $53.70 | -1.39% | -8.8% | 13.5x | 0.12 | $54.2B |
| FANGDIAMONDBACK | $186.97 | -1.57% | -7.6% | 10.8x | 0.39 | $53.4B |
| DVNDEVON | $42.82 | -1.63% | -12.4% | 8.0x | 0.42 | $50.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.