Apa Corp

Energy
Oil & Gas Production
www.apacorp.com

Earnings Score
Safety Score

Market Cap $7.73B
PE 3
Debt $6.37B
Cash $64.00M
EV $14.04B
FCF $895.00M

Earnings

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Sales & Net Margins

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Earnings	$2.22B
EBIT	$2.50B
ROE	36%
ROA	13%
FCF	$895.00M
Equity	$6.16B
Growth Stability	1
PE	3.48
PEG	0.05
PB	1.26
P/FCF	8.64
Price/Cash	0.01
Debt/Equity	1.03
Debt/FCF	7.12
Earnings CAGR	66%
FCF CAGR	7%
Equity CAGR	36%
Earnings Stability	-0.33
Earnings Growth YoY	-149%
Earnings Growth QoQ	-141%
Earnings CAGR 5Y	66%

FCF CAGR 5Y	7%
Equity CAGR 5Y	36%
FCF CAGR 3Y	-44%
Equity CAGR 3Y	112%
Market Cap	$7.73B
Dividend Yield	4%
Payout Ratio	15%
Assets	$19.38B
Total Debt	$6.37B
Cash	$64.00M
Shares Outstanding	346.15M
EV	14.04B
Earnings Score	6%
Safety Score	79%
Working Capital	695M
Current Ratio	1.24
Shares Growth 3y	-2%
Equity Growth QoQ	-5%
Equity Growth YoY	192%

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-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 66%

Stability -33%

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Apa Corp Discounted Cash Flow

Fully customizable DCF calculator online for Apa Corp.

Years

Calculation mode

= $15B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$895M	$958M	$1B	$1.1B	$1.2B	$1.3B	$1.4B	$1.4B	$1.5B	$1.7B	$1.8B	$18B
DCF		$871M	$848M	$826M	$804M	$783M	$762M	$742M	$722M	$703M	$685M	$6.8B
Value	$15B

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	TTM
Net Margins	-	-	-	-	-	-
ROA	-	-32%	21%	46%	24%	13%
ROE	-	760%	-136%	273%	77%	36%

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	TTM
Debt over FCF	-	74.36	3.23	1.72	6.36	7.12
Debt over Equity	-	-13.6	-10.77	4.06	1.41	1.03
Growth Stability	-	-	-	-	-	1

Bad Debt/FCF ratio (7.12)

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

Neutral Debt/Equity ratio (1.03)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-
Earnings YoY growth	-	33%	-120%	278%	-22%	66%
Equity YoY growth	-	-114%	11%	-288%	174%	36%
FCF YoY growth	-	-57%	2K%	32%	-74%	7%