APA — APA Corporation
Energy · Oil & Gas E&P
About APA Corporation
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has oil and gas operations in the United States, Egypt, and North Sea. It also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.
The shale & E&P industry
Exploration & production companies are the pure upstream bet: they own acreage, drill wells, and sell oil and gas at whatever the market pays. Shale wells produce most of their oil in the first couple of years, so these companies must keep drilling just to hold output flat — which makes cost per barrel, acreage quality, and the hedging program the whole game. Some names here are mostly natural gas (EQT, Antero) — a different commodity with its own cycle, increasingly tied to LNG exports and power demand. The sector has consolidated hard — Pioneer, Hess and Marathon Oil were all swallowed by majors — and the survivors are larger and more disciplined. Expect these to amplify every move in the underlying commodity, in both directions. APA pairs US shale with production in Egypt and the North Sea, plus high-stakes exploration offshore Suriname.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | APA |
| Company | APA Corporation |
| Price | $37.32 |
| Market cap | $13.2B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $42 (24 analysts, hold) |
Valuation read
What the price implies: the market is pricing in roughly ~-5%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($4.12). Run your own assumptions in the fair-value calculator.
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