APA Corporation (APA) - Company Profile - 2026-04-23
Company Overview
APA Corporation is an independent energy company engaged in the exploration for, development of, and production from natural gas, crude oil, and natural gas liquids. The company operates oil and gas assets in the United States, Egypt, and the North Sea, with exploration and appraisal activity in Suriname and interests in projects located in Uruguay and other international locations. APA was incorporated in 1954 and is headquartered in Houston, Texas.
Business and Operations
APA’s operations centre on upstream oil and gas activities, including the development and production of natural gas, crude oil, and natural gas liquids. Geographic diversification spans the United States, Egypt, and the North Sea, with additional exploration and appraisal programs in Suriname and project interests in Uruguay and other international locations. The company’s corporate profile positions it as a diversified, international E&P (exploration and production) player with a mix of operated and non-operated assets.
Fundamental Metrics
- Market cap: $13.45B
- Enterprise value: $18.65B
- P/E (trailing): 9.54
- P/E (forward): 9.56
- P/B: 2.20
- P/S: 1.55
- PEG: 1.01
- Profit margin: 16.51%
- Operating margin: 30.58%
- ROE: 25.32%
- ROA: 8.96%
- Debt/Equity: 68.69
- Current ratio: 0.82
- Revenue (TTM): $8.68B
- Revenue growth (YoY): -28.00%
- Earnings growth (YoY): -18.20%
- Free cash flow: $1.96B
- Dividend yield: 263.00%
- Payout ratio: 25.06%
- Beta: 0.48
Share Structure and Ownership
- Shares outstanding: 353,400,414.00
- Float: 351,040,122.00
- Insider held: 0.44%
- Institutional held: 99.63%
- Short ratio (days to cover): 2.81
- Short % of float: 10.60%
Top institutional holders:
- Vanguard Group Inc: 12.26% of shares
- Hotchkis & Wiley Capital Management, LLC: 10.03% of shares
- BlackRock Inc.: 6.92% of shares
- State Street Corporation: 6.86% of shares
- Dimensional Fund Advisors LP: 4.34% of shares
Trading Activity
- Last close: $38.06 on 2026-04-22
- 30-day avg volume: 9,614,350
- 90-day avg volume: 7,629,496
- Short ratio: 2.81 days to cover
- Short % of float: 10.60%
Recent Price Action
- 1-month change: -2.49%
- 3-month change: +47.63%
- YTD change: +50.08%
- 1-year change: not available in dataset
- 52-week high: $45.66
- 52-week low: $15.20
- [Drawdown](https://aksoycapital.com/glossary/drawdown.html) from 52W high: -16.64%
Strengths
- Diversified geographic footprint across the United States, Egypt, and the North Sea, with exploration activity in Suriname and project interests in Uruguay and other international locations.
- Profitability indicators: Profit margin 16.51% and operating margin 30.58%.
- Strong return metrics: ROE 25.32% and ROA 8.96%.
- Healthy free cash flow: $1.96B.
- Valuation and leverage indicators: P/E (trailing) 9.54, P/B 2.20, and Debt/Equity 68.69.
- Ownership and liquidity characteristics: Float of 351.0M shares and institutional ownership at 99.63%.
Considerations
- Revenue declined year over year: Revenue growth (YoY) -28.00%; Earnings growth (YoY) -18.20%.
- Current liquidity position shows a current ratio of 0.82.
- Leverage level: Debt/Equity at 68.69.
- Geographic and regulatory exposure associated with operations in multiple regions (US, Egypt, North Sea) and international exploration activities.
- Price and liquidity dynamics: 1-year price change data are not available in the provided dataset; price has shown substantial recent movement (3-month gain of 47.63% and YTD gain of 50.08%).
- Dividend yield appears exceptionally high in the provided data (263.00%), which may warrant verification against the official dividend policy and payout history.
Summary
APA Corporation is an independent E&P company with assets in the United States, Egypt, and the North Sea, plus exploration activity in Suriname and interests in Uruguay. The firm reports solid operating margins and ROE, along with substantial free cash flow, but also shows YoY revenue and earnings declines and a current ratio below 1.0. The stock exhibits notable recent price strength over a 3-month and year-to-date horizon and is characterized by high institutional ownership and a leveraged capital structure.