APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids.
It is a $16.1B energy company. Revenue grew 79.3% over the last year, it keeps 18¢ of every dollar of sales as profit, and its net debt equals ~0.9 years of free cash flow. It trades at 9.6× earnings — in the most expensive third of its own history.
- Website
- apacorp.com
- Location
- Houston, TX
- Employees
- 1 791
- Sector
- Energy
- Founded
- 1954
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and profitability; Health lags behind.
Valuation75
- P/E vs own history83th pct · 0/25
- FCF yield28.1% · 25/25
- P/S1.8x · 25/25
- EV/EBITDA3.4x · 25/25
Growth58
- Revenue CAGR2.8% · 6/25
- Net income CAGR10.2% · 20/25
- EPS CAGR ~5Y11.4% · 20/25
- Fwd implied growth8.9% · 12/25
Profitability82
- ROIC14.2% · 12/25
- ROE26.3% · 25/25
- Net margin17.8% · 20/25
- Operating margin40.2% · 25/25
Health46
- Altman Z1.93 · 10/25
- Current ratio0.95 · 6/25
- Interest coverage9.9x · 18/25
- Net cash / debtD/A 22% · 12/25
Quality65
- Piotroski F5/9 · 15/25
- Beneish M-3.58 · 25/25
- FCF conversion125% · 25/25
- Margin stabilityσ 144.7% · 0/25
Moat63
- ROIC >12% years4/5 yrs · 20/25
- Median gross margin83.3% · 25/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst 8.3% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2024AcquisitionThe company acquired Callon Petroleum for $4.5 billion in stock
- FY2022FinancialRevenue crossed $10B$11.1B for the year
- FY2022FinancialBest year on record$3.67B net income
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $1B$7.99B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2021MilestoneThe company restructured its agreement with the Egyptian General Petroleum Corporation
- 2010AcquisitionThe company acquired assets in the Gulf of Mexico from Devon Energy for $1.05 billion, in June 2010
- 2003AcquisitionThe company acquired the Forties oilfield, the largest field ever discovered in the United Kingdom North…
- 2001AcquisitionThe company acquired operations in the Libyan Desert of Egypt from Repsol for $410 million, drilling its…
- 1984MilestoneThe 32-story imitation of the Washington Monument, became the company's headquarters from the early 1960s until 1984
- 1981ProductThe company created Apache Petroleum Company (APC), the first public master limited partnership in the…
- 1969IPOAPA became a public company via an initial public offering
- 1960AcquisitionThe company acquired interests in the Foshay Tower, a Minneapolis landmark
- 1954FoundedThe Apache Oil Corporation was founded in 1954, in Minneapolis, Minnesota, by Truman Anderson, Raymond Plank and…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (80.8%)
- Revenue growing 79.3% year over year
- Strong cash conversion — FCF is 48.2% of revenue
- Could repay net debt from ~1.6 years of free cash flow
- Interest covered 9.9× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+79.3% YoY
- Profitable — makes more than it spends$1.68B TTM
- Profit growing — earnings are higher than last year-28.7% YoY
- Generates cash — cash left after running and investing$4.53B TTM
- Debt under control — could handle its obligations~0.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$16.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-4.3% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.9 — grey
- Pays a dividend — returns cash to shareholdersyield 2.21%
- Valuation not extreme — price not wildly above earningsP/E 9.6
Peer comparisonAPA Corporation vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| APA this company | $16.1B | 9.6 | +79.3% | 17.8% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: APA vs XOM · APA vs CVX · APA vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/APA
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Deeper analysis of APA on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $46.03 · market cap $16.1B.