APA (APA)
NASDAQ:APA
Want to see APA full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.9Last Year’s EPS
0.87Same Quarter Last Year
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, substantial free cash flow generation ($477M in 1Q; ~$2.2B full-year guidance), meaningful trading income (~$1.1B pretax in 2026), disciplined capital allocation, and clear cost-savings progress (targeting $450M run-rate savings and ~$600M run-rate cash cost reduction vs 2024). Offsets included a modest uptick in net debt to $4.1B driven by working capital and incentive payouts, accounting-driven adjusted production reductions in Egypt due to PSC mechanics, short-term U.S. gas curtailments, and some non-core derivative losses. On balance, the positive operational and financial momentum, clear path toward a $3B net debt target, and continued high-margin trading and Suriname growth optionality outweigh the stated near-term headwinds.Company Guidance
Strong quarterly and adjusted earnings
GAAP net income of $446 million ($1.26 diluted EPS) in 1Q26; adjusted net income of $489 million ($1.38 diluted EPS) excluding non-core items including unrealized derivative losses.
Robust free cash flow generation
Generated $477 million of free cash flow in 1Q26 (described as nearly $500 million); returned $88 million to shareholders in the quarter (~18% of quarterly FCF). Company forecasts approximately $2.2 billion of free cash flow for full-year 2026.
High-margin oil & gas trading performance
Marketing/trading expected to generate ~ $1.1 billion of pretax cash flow in 2026 (inclusive of hedges), benefitting from wider Waha basis and higher LNG prices; current strip implies ~ $400 million pretax for 2027.
Operational execution and production momentum
Permian delivered oil production above guidance in 1Q26, enabling the company to raise full-year U.S. oil production outlook to 122,000 barrels per day. Egypt gross production exceeded expectations and gas development activity is underpinning 2026 targets.
Material cost and capital efficiency progress
On track to achieve $450 million of cumulative run-rate savings by end of 2026; expect run-rate cash costs to be ~$600 million lower exiting 2026 vs 2024. Capital discipline maintained with upstream capex guidance unchanged at $2.1 billion and ~55% expected in H1.
Balance sheet actions and lower interest expense
Repaid $634 million of near-term bond maturities year-to-date (including $555 million in April). Interest savings of >$60 million vs last year; company now expects annual interest expense to be about $150 million lower on a run-rate basis versus 2024. Net debt target of $3 billion reiterated.
Progress on growth & exploration opportunities
Suriname Grand Magoo (Grand Morgue) development remains on track for first oil in mid-2028 and positioned as a long-term organic oil and FCF growth engine. Alaska seismic reprocessing completed and company is planning a two-well program (exploration + appraisal).
Operational reliability improvements in Egypt
Improvements from targeted waterflood investments, a more efficient workover program and increased uptime have moderated effective base decline rates; drilling program split ~50/50 between gas and oil to support both domestic gas needs and oil production stability.
APA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $38.30 | ― | ― |
Feb 25, 2026 | $27.65 | $28.91 | +4.53% |
Nov 05, 2025 | $21.31 | $23.26 | +9.14% |
Aug 06, 2025 | $17.57 | $18.94 | +7.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does APA (APA) report earnings?
APA (APA) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is APA (APA) earnings time?
APA (APA) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APA EPS forecast?
APA EPS forecast for the fiscal quarter 2026 (Q2) is 1.9.