APA Stock Recent News

APA Corporation's stock experienced a ~30% drop due to subdued oil prices, but Q1 2025 results exceeded expectations, driving an 8% post-earnings jump. Management's focus on cost cuts and improved drilling efficiencies in the Permian and Egypt gas assets are positive indicators for future performance. Despite risks like debt and volatile oil prices, APA is undervalued compared to peers, presenting a speculative buy opportunity for patient investors.

APA's first-quarter production averaged 468,978 BOE/d (67% liquids), up 20.5% year over year and above our estimate of 465,009 BOE/d.

APA Corporation (NASDAQ:APA ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Ben Rodgers - Senior Vice President of Finance & Treasurer John Christmann - Chief Executive Officer Steve Riney - President & Chief Financial Officer Tracey Henderson - Executive Vice President of Exploration Conference Call Participants John Freeman - Raymond James Doug Leggate - Wolfe Research Scott Gruber - Citigroup Arun Jayaram - JPMorgan Securities Betty Jiang - Barclays Paul Cheng - Scotiabank Leo Mariani - ROTH Oliver Huang - TPH & Company Operator Good day. Thank you for standing by.

While the top- and bottom-line numbers for APA (APA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

APA (APA) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.78 per share a year ago.

HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced first-quarter 2025 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com.

Strong domestic production is likely to have boosted APA's profit levels in the first quarter of 2025.

APA Corporation's $9 billion Suriname project with TotalEnergies and recent Callon Petroleum acquisition promise significant cost synergies and efficiency improvements, making the stock undervalued at $16. The company's diversified asset base in the U.S., Egypt, and the U.K. reduces revenue volatility compared to competitors operating solely in the U.S. Stock repurchases at $23-$24 indicate substantial undervaluation at $16 per share.

Shares of large-cap oil and gas majors Chevron (CVX 1.61%), APA Corporation (APA 1.57%), and oilfield service provider Halliburton (HAL 3.29%) fell hard in April, down 18.7%, 26.1%, and 21.9%, respectively, according to data from S&P Global Market Intelligence.

APA Corporation screens as a value opportunity, with exploration upside, but its high leverage and commodity price exposure require a high tolerance for risk. APA's areas of operation include the Permian Basin, Egypt, and the North Sea, with exploration upside in Alaska, Suriname, and Uruguay. Key risks include high leverage, unhedged commodity exposure, and dependence on the GranMorgu development in Suriname.