Apa Corp

Energy
Oil & Gas Production
www.apacorp.com

Earnings Score
Safety Score

Market Cap $5.57B
PE 7
Debt $6.10B
Cash $625.00M
EV $11.05B
FCF $769.00M

Earnings

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Sales & Net Margins

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Earnings	$804.00M
EBIT	$2.44B
ROE	13%
ROA	13%
FCF	$769.00M
Equity	$6.36B
Growth Stability	32%
PE	6.93
PEG	0.15
PB	0.88
P/FCF	7.25
Price/Cash	0.11
Debt/Equity	0.96
Debt/FCF	7.93
Earnings CAGR	43%
FCF CAGR	2%
Equity CAGR	41%
Earnings Stability	-0.45
Earnings Growth YoY	-80%
Earnings Growth QoQ	-259%
Earnings CAGR 5Y	45%

FCF CAGR 5Y	2%
Equity CAGR 5Y	118%
FCF CAGR 3Y	-47%
Equity CAGR 3Y	109%
Market Cap	$5.57B
Dividend Yield	6%
Payout Ratio	44%
Assets	$19.39B
Total Debt	$6.10B
Cash	$625.00M
Shares Outstanding	352.63M
EV	11.05B
Earnings Score	6%
Safety Score	50%
Working Capital	449M
Current Ratio	1.15
Shares Growth 3y	0%
Equity Growth QoQ	3%
Equity Growth YoY	72%

Assets & ROA

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Stockholders Equity & ROE

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APA Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). Its upstream business has exploration and production operations in three geographic areas: the United States (U.S.), Egypt, and offshore the United Kingdom (U.K.) in the North Sea (North Sea). It has exploration, and appraisal operations in Suriname, as well as interests in other international locations. The Company's midstream business (Altus Midstream) is operated by Altus Midstream Company through its subsidiary Altus Midstream LP (collectively, Altus). Altus owns, develops, and operates a midstream energy asset network in the Permian Basin of West Texas. It holds approximately 789,000 gross acres (451,000 net acres) in the Southern Midland Basin. The Company holds approximately 229,000 gross acres (131,000 net acres) in the Delaware Basin. It also holds approximately 2.5 million gross acres (1.1 million net acres) in legacy properties.

SEC Filings

Direct access to Apa Corp (APA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Apa Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Apa Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 43%

Stability -45%

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Apa Corp Discounted Cash Flow

Fully customizable DCF calculator online for Apa Corp.

Years

Calculation mode

= $8.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$769M	$782M	$795M	$808M	$822M	$836M	$850M	$864M	$879M	$893M	$908M	$9.1B
DCF		$711M	$657M	$607M	$561M	$519M	$480M	$443M	$410M	$379M	$350M	$3.5B
Value	$8.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-	-	-	-	-	-
ROA	-	-32%	21%	46%	24%	13%	13%
ROE	-	760%	-136%	273%	77%	13%	13%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	74.36	3.23	1.72	6.36	7.93	7.93
Debt over Equity	-	-13.6	-10.77	4.06	1.41	0.96	0.96
Growth Stability	-	-	-	-	-	32%	32%

Bad Debt/FCF ratio (7.93)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.96)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (32%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-
Earnings YoY growth	-	33%	-120%	278%	-22%	-72%	45%
Equity YoY growth	-	-114%	11%	-288%	174%	72%	118%
FCF YoY growth	-	-57%	2K%	32%	-74%	-6%	2%