Financials APA Corporation

Stocks

APA

US03743Q1085

Oil & Gas Exploration and Production

Market Closed - Nasdaq Other stock markets 16:00:01 2026-06-18 EDT			5-day change	1st Jan Change
33.03 ^USD	-2.65%		-10.78%	+35.04%

06-10	Stephens Raises APA Price Target to $47 From $43	MT
06-10	APA bolsters Alaska footprint with acquisition of Savant Alaska

Projected Income Statement: APA Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	7,928	12,132	8,192	9,737	9,220	9,449	8,249	8,334
Change	-	53.03%	-32.48%	18.86%	-5.31%	2.48%	-12.69%	1.03%
EBITDA ¹	4,573	6,838	5,275	5,918	5,359	6,652	5,487	5,642
Change	-	49.53%	-22.86%	12.19%	-9.45%	24.12%	-17.51%	2.83%
EBIT ¹	2,405	6,113	3,195	1,902	2,904	4,236	2,990	2,710
Change	-	154.18%	-47.73%	-40.47%	52.68%	45.87%	-29.42%	-9.37%
Interest Paid ¹	-514	-379	-312	-367	-113	-217.1	-206.5	-182.4
Earnings before Tax (EBT) ¹	1,891	5,734	2,883	1,535	2,791	3,976	2,871	2,935
Change	-	203.23%	-49.72%	-46.76%	81.82%	42.45%	-27.78%	2.22%
Net income ¹	973	3,674	2,855	804	1,434	2,120	1,550	1,622
Change	-	277.6%	-22.29%	-71.84%	78.36%	47.84%	-26.87%	4.62%
Announcement Date	2/21/22	2/23/23	2/21/24	2/26/25	2/25/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	1,782	1,651	2,403	3,828	3,052	2,872	2,380	2,030	1,961	2,309	1,892	1,903	2,792	2,531	2,502	2,612	2,612	2,018	1,978	2,215	2,602	2,349	2,247	2,095	1,967	1,985	1,978	2,097
Change	-	-7.35%	45.55%	59.3%	-20.27%	-5.9%	-17.13%	-14.71%	-3.4%	17.75%	-18.06%	0.58%	46.72%	-9.35%	-1.15%	4.4%	0%	-22.74%	-1.98%	11.98%	17.47%	-9.72%	-4.35%	-6.78%	-6.09%	0.91%	-0.34%	6.02%
EBITDA ¹	1,011	1,158	1,267	1,707	1,957	1,690	1,484	1,264	1,217	1,433	1,361	1,235	1,576	1,557	1,550	1,485	1,299	1,345	1,230	1,562	1,908	1,654	1,520	1,418	1,367	1,382	1,386	1,369
Change	-	14.54%	9.41%	34.73%	14.65%	-13.64%	-12.19%	-14.82%	-3.72%	17.75%	-5.02%	-9.26%	27.61%	-1.21%	-0.45%	-4.19%	-12.53%	3.54%	-8.55%	26.99%	22.17%	-13.3%	-8.11%	-6.74%	-3.56%	1.06%	0.29%	-1.19%
EBIT ¹	602	327	746	2,450	1,538	1,247	878	882	782	914	617	523	1,028	-240	591	706	1,094	557	547	887	1,325	1,055	897.3	782.1	739.3	736.4	741.3	766.9
Change	-	-45.68%	128.13%	228.42%	-37.22%	-18.92%	-29.59%	0.46%	-11.34%	16.88%	-32.49%	-15.24%	96.56%	-123.35%	346.25%	19.46%	54.96%	-49.09%	-1.8%	62.16%	49.43%	-20.39%	-14.97%	-12.83%	-5.48%	-0.39%	0.67%	3.46%
Charge d'intérêts ¹	-107	-205	-92	-152	-76	-75	-76	-72	-82	-81	-77	-76	-100	-100	-91	57	-66	-46	-58	-57	-53.47	-53.7	-53.97	-54.78	-54.63	-54.48	-54.12	-55
Earnings before Tax (EBT) ¹	495	122	654	2,298	1,462	1,172	802	810	700	662	540	447	928	-492	500	763	1,028	511	489	830	1,316	972.9	809.1	768.5	723.3	734.5	741.1	713.7
Change	-	-75.35%	436.07%	251.38%	-36.38%	-19.84%	-31.57%	1%	-13.58%	-5.43%	-18.43%	-17.22%	107.61%	-153.02%	201.63%	52.6%	34.73%	-50.29%	-4.31%	69.73%	58.56%	-26.08%	-16.83%	-5.02%	-5.89%	1.55%	0.9%	-3.7%
Net income ¹	316	-113	382	1,883	926	422	443	242	381	459	1,773	132	541	-223	354	347	603	205	279	446	751	539.7	446	419.5	382.9	379.9	379.6	383.1
Change	-	-135.76%	438.05%	392.93%	-50.82%	-54.43%	4.98%	-45.37%	57.44%	20.47%	286.27%	-92.55%	309.85%	-141.22%	258.74%	-1.98%	73.78%	-66%	36.1%	59.86%	68.39%	-28.14%	-17.35%	-5.94%	-8.73%	-0.8%	-0.06%	0.91%
Announcement Date	8/4/21	11/3/21	2/21/22	5/4/22	8/3/22	11/3/22	2/23/23	5/4/23	8/2/23	11/1/23	2/21/24	5/1/24	7/31/24	11/7/24	2/26/25	5/7/25	8/6/25	11/5/25	2/25/26	5/6/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: APA Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	7,208	5,208	5,101	5,419	3,977	3,019	2,343	1,413
Change	-	-27.75%	-2.05%	6.23%	-26.61%	-24.09%	-22.39%	-39.69%
Announcement Date	2/21/22	2/23/23	2/21/24	2/26/25	2/25/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: APA Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,113	1,807	2,333	2,851	2,740	2,163	2,240	2,301
Change	-	62.35%	29.11%	22.2%	-3.89%	-21.05%	3.56%	2.73%
Free Cash Flow (FCF) ¹	2,383	3,136	796	769	1,024	2,657	1,767	1,484
Change	-	31.6%	-74.62%	-3.39%	33.16%	159.51%	-33.51%	-16.04%
Announcement Date	2/21/22	2/23/23	2/21/24	2/26/25	2/25/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: APA Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	57.68%	56.36%	64.39%	60.78%	58.12%	70.4%	66.51%	67.7%
EBIT Margin (%)	30.34%	50.39%	39%	19.53%	31.5%	44.83%	36.25%	32.52%
EBT Margin (%)	23.85%	47.26%	35.19%	15.76%	30.27%	42.08%	34.8%	35.22%
Net margin (%)	12.27%	30.28%	34.85%	8.26%	15.55%	22.44%	18.79%	19.46%
FCF margin (%)	30.06%	25.85%	9.72%	7.9%	11.11%	28.12%	21.42%	17.8%
FCF / Net Income (%)	244.91%	85.36%	27.88%	95.65%	71.41%	125.35%	113.96%	91.46%
Profitability
ROA	7.47%	27.78%	9.85%	7.69%	7.72%	11.4%	7.06%	-
ROE	-	-	185.51%	33.55%	23.81%	34.93%	18.17%	14.48%
Financial Health
Leverage (Debt/EBITDA)	1.58x	0.76x	0.97x	0.92x	0.74x	0.45x	0.43x	0.25x
Debt / Free cash flow	3.02x	1.66x	6.41x	7.05x	3.88x	1.14x	1.33x	0.95x
Capital Intensity
CAPEX / Current Assets (%)	14.04%	14.89%	28.48%	29.28%	29.72%	22.89%	27.16%	27.61%
CAPEX / EBITDA (%)	24.34%	26.43%	44.23%	48.18%	51.13%	32.52%	40.83%	40.79%
CAPEX / FCF (%)	46.71%	57.62%	293.09%	370.74%	267.58%	81.4%	126.79%	155.14%
Items per share
Cash flow per share ¹	9.323	14.84	10.13	10.25	12.66	15.29	13.35	13.28
Change	-	59.22%	-31.78%	1.27%	23.45%	20.76%	-12.65%	-0.57%
Dividend per Share ¹	0.2375	0.75	1	1	1	1.022	1.047	1.138
Change	-	215.79%	33.33%	0%	0%	2.17%	2.45%	8.74%
Book Value Per Share ¹	-4.597	1.356	8.746	14.45	17.26	22.99	26.19	29.43
Change	-	129.49%	545.07%	65.22%	19.45%	33.22%	13.89%	12.38%
EPS ¹	2.59	11.02	9.25	2.27	3.99	6.419	4.777	5.275
Change	-	325.48%	-16.06%	-75.46%	75.77%	60.87%	-25.58%	10.43%
Nbr of stocks (in thousands)	363,274	321,512	306,719	369,947	354,669	353,470	353,470	353,470
Announcement Date	2/21/22	2/23/23	2/21/24	2/26/25	2/25/26	-	-	-