$APA · APA Corp
APA reported Q3 2026 net income of $698M ($2.00 diluted EPS) versus $205M ($0.57) a year earlier, driven by higher oil prices. Total revenue was $2.769B. The board authorized an additional 40M shares for repurchase; APA bought back 10.5M shares in Q3 at $42.78 average and has 44M shares remaining as of Oct 31, 2026. Total debt is down $4.2B since year-end 2021.
- Q3 net income tripled to $698M from $205M a year ago.
- Diluted EPS rose to $2.00 from $0.57.
- Total revenue was $2.769B, up from $2.115B.
- Board authorized 40M more shares; 44M remain as of Oct 31, 2026.
- Total debt reduced by $4.2B since year-end 2021.
Shares are down 0.17% since filing at $44.38, a muted reaction despite the strong earnings beat, suggesting the results were largely priced in.
N/A
APA's results reflect the broader upstream benefit from higher crude oil realizations, with U.S. production up 5% year-over-year and now 65% of worldwide output.
Egypt net production fell 12% year-over-year on higher prices and lower cost recovery under the production sharing contract; a $592M decommissioning contingency remains for sold Gulf of America properties.