Core Viewpoint - APA is experiencing a mixed performance in the market, with a recent increase in stock price but facing significant declines in expected earnings and revenue for the upcoming quarter and full year [1][2][3]. Company Performance - APA closed at $28.26, marking a +2.95% increase from the previous day, outperforming the S&P 500, which saw a loss of 0.01% [1]. - Over the past month, APA shares have gained 6.73%, which is below the Oils-Energy sector's gain of 13.82% but better than the S&P 500's loss of 0.28% [1]. Earnings Forecast - The upcoming earnings release on February 25, 2026, is expected to show an EPS of $0.62, reflecting a 21.52% decline year-over-year [2]. - Revenue is projected at $1.92 billion, indicating a 23.24% decrease compared to the same quarter last year [2]. - Full-year estimates predict earnings of $3.48 per share and revenue of $8.84 billion, representing year-over-year declines of -7.69% and -9.19%, respectively [3]. Analyst Estimates - Recent changes in analyst estimates for APA indicate a downward revision of 13.18% in the Zacks Consensus EPS estimate over the past month, leading to a Zacks Rank of 4 (Sell) [6]. - Upward revisions in estimates typically suggest positive sentiment regarding the company's business operations and profit generation capabilities [4]. Valuation Metrics - APA's Forward P/E ratio is currently 13.17, which is lower than the industry average of 13.69, suggesting that APA is trading at a discount compared to its peers [7]. - The PEG ratio for APA stands at 12.55, significantly higher than the industry average PEG ratio of 1.57, indicating a potential overvaluation based on projected earnings growth [8]. Industry Context - The Oil and Gas - Exploration and Production - United States industry, which includes APA, is currently ranked 233 out of over 250 industries, placing it in the bottom 5% [9]. - Historical data shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the challenges faced by companies in this sector [9].

Core Insights - APA Corp. has been a strong performer in the Oil & Gas industry since April 2025, showcasing significant total returns [1] Company Analysis - The company is noted for its strong fundamentals and good cash flows, making it an attractive investment opportunity [1] - The focus is on long-term value investing, with a particular interest in undervalued companies that have been overlooked by the market [1] Industry Context - The Oil & Gas sector is highlighted as a key area of interest, with potential for substantial returns despite being unloved by investors [1] - The article emphasizes the importance of understanding the businesses being invested in, steering clear of high-tech and certain consumer goods sectors [1]

Core Insights - APA Corp. has been one of the strongest performers in the Oil & Gas industry since April 2025, showcasing significant total returns [1] Company Analysis - The company is noted for its strong fundamentals and good cash flows, making it an attractive investment opportunity [1] - The focus is on long-term value investing, with a particular interest in undervalued companies that have been overlooked by the market [1] Industry Context - The Oil & Gas sector is highlighted as a key area of interest, with potential for substantial returns despite being unloved by investors [1] - The article emphasizes the importance of understanding the businesses being invested in, steering clear of high-tech and certain consumer goods sectors [1]

Core Viewpoint - APA Corporation's stock experienced a decline of 3.9% following a price target reduction by JPMorgan Chase & Co. from $26.00 to $25.00, maintaining a neutral rating on the stock [2] Analyst Ratings - Johnson Rice upgraded APA from a "hold" to an "accumulate" rating, raising the price target from $35.00 to $40.00 [3] - William Blair initiated coverage with an "outperform" rating and a target price of $32.00 [3] - Jefferies Financial Group increased its price target from $21.00 to $22.00 while maintaining a "hold" rating [3] - Weiss Ratings reaffirmed a "hold (c)" rating [3] - Scotiabank raised its target price from $22.00 to $26.00 with a "sector perform" rating [3] - The average rating for APA is "Hold" with a target price of $26.39, based on ratings from six buy, sixteen hold, and five sell ratings [3] Institutional Investor Activity - Howard Capital Management Inc. increased its stake by 0.5%, owning 94,848 shares valued at $2.3 million [4] - one8zero8 LLC grew its holdings by 1.2%, now owning 42,254 shares worth $1.026 million [4] - Arizona State Retirement System raised its position by 0.5%, owning 106,734 shares valued at $2.592 million [4] - Steward Partners Investment Advisory LLC lifted its holdings by 19.6%, now owning 3,349 shares valued at $61,000 [4] - O Keefe Stevens Advisory Inc. boosted its position by 1.9%, owning 30,093 shares worth $736,000 [4] - Institutional investors and hedge funds collectively own 83.01% of APA's stock [4] Stock Performance - The stock's 50-day moving average is $25.04, and the 200-day moving average is $23.04 [6] - The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 6.14, and a debt-to-equity ratio of 0.62 [6] Earnings Report - APA reported an EPS of $0.93, exceeding the consensus estimate of $0.74 by $0.19 [7] - The company had a net margin of 15.49% and a return on equity of 19.86% [7] - Revenue for the quarter was $2.12 billion, surpassing expectations of $2.06 billion, but down 16.4% year-over-year [7] - Analysts forecast an EPS of 4.03 for the current year [7] Dividend Announcement - APA declared a quarterly dividend of $0.25 per share, with an annualized dividend of $1.00 and a yield of 3.9% [8] - The payout ratio stands at 24.04% [8] Company Overview - APA Corporation is an independent exploration and production company focused on oil and natural gas resources, operating primarily in the United States, Egypt, and the North Sea [9] - The largest position in the U.S. is in the Permian Basin of West Texas and southeastern New Mexico, emphasizing oil-focused drilling and production [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 (State or other jurisdiction of incorporation) (Commission File Number) Delaware 001-40144 86-1430562 (IRS Employer Identification No.) Date of Report (Date of earliest event reported): January 20, 2026 APA CORPORATION (Exact name of registrant as specified in its charter) 2000 W Sam Houston Pkwy S, Suite 200 Houston, Texas 77042-3643 (Address ...

Core Insights - APA Corporation provided supplemental information regarding its fourth-quarter 2025 financial and operational results, indicating that actual results may vary based on factors not identified in the release [1] Financial Performance - Estimated average realized prices for the fourth quarter of 2025 were $59.90 per barrel for oil in the United States, $62.30 internationally, $20.40 per barrel for NGL in the U.S., $40.60 internationally, and $0.15 per Mcf for natural gas in the U.S. compared to $4.30 internationally [2] - The company incurred transaction, reorganization, and separation expenses totaling $36 million in the fourth quarter, an increase from $18 million in the third quarter, primarily due to early termination of office leases and contract terminations [3] - APA curtailed approximately 91 million cubic feet per day of U.S. natural gas production and 7,600 barrels per day of U.S. natural gas liquids production in response to weak or negative Waha hub prices [4] Shareholder Information - The estimated weighted-average basic common shares for the fourth quarter were 355 million, with the company repurchasing 2.7 million shares at an average price of $24.17 per share during the quarter [5] Upcoming Events - APA will host a conference call to discuss its fourth-quarter and full-year 2025 results on February 26 at 10 a.m. Central time, which will be webcast on the company's website [6] Company Overview - APA Corporation engages in the exploration and production of oil and natural gas in the United States, Egypt, and the United Kingdom, and also explores offshore Suriname and other locations [7]

Core Insights - Access Power & Co., Inc. announced a record turnout at Racks Billiards during the regional APA Tri-Cups tournament, indicating the venue's growing prominence in competitive billiards [1][2] - The event marked the largest participation level in Racks Billiards' history for an APA-sanctioned competition, showcasing the venue's expanding role and partnership with the APA [2][4] - The tournament's success is expected to drive revenue growth, enhance market presence, and establish Racks Billiards as a preferred host for major regional competitions [4] Company Overview - Access Power & Co., Inc. is focused on identifying, acquiring, and developing businesses with scalable growth potential, aiming to build long-term value for shareholders [6] - Racks Billiards offers professional-grade tables and tournament-level operations, catering to league players, competitive professionals, and recreational guests [5]

Company Overview - APA Corporation is a hydrocarbon exploration company valued at nearly $9 billion [2] - The company has slightly outperformed the market over the past year but remains below its highs from 2022-2023 [2] Investment Strategy - The Value Portfolio focuses on building retirement portfolios using a fact-based research strategy [2] - This strategy includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2] - The leader of The Retirement Forum invests real money in the stocks recommended, providing model portfolios and macro overviews [2]

Core Insights - Access Power & Co., Inc. is expanding its Racks Billiards brand through a partnership with the American Poolplayers Association (APA) [1] - This initiative aims to establish Racks Billiards as a premier venue for major APA tournaments in the region [1] Company Developments - The partnership with APA is part of Access Power & Co., Inc.'s strategy to grow through its operating subsidiaries [1] - The expansion of the Racks Billiards brand is expected to enhance its visibility and attract more customers [1]

Industry Overview - The Zacks Oil and Gas - US E&P industry is heavily influenced by oil and gas price fluctuations, which create near-term visibility challenges [1][2] - Earnings are sensitive to crude price volatility driven by geopolitical factors, uneven global growth, and supply decisions [1][3] - The industry's weak Zacks Industry Rank reflects sharp underperformance compared to the broader market over the past year, with a decline of 31.1% against the S&P 500's gain of 19% [10][6] Key Trends - **Commodity Price Volatility**: Ongoing volatility in crude oil prices poses a significant risk, influenced by unpredictable geopolitical developments and OPEC+ behavior [3] - **Natural Gas Demand Growth**: There is a structural upside from improving natural gas demand, supported by LNG exports and rising electricity needs, which could stabilize cash flows for gas-weighted companies [4] - **Infrastructure Constraints**: Persistent challenges related to infrastructure availability and cost inflation limit the efficient movement of hydrocarbons, affecting realized prices and margin expansion [5] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 9.90X, significantly lower than the S&P 500's 18.80X, indicating more reasonable valuations compared to the broader market [13][12] - Over the past five years, the industry has seen an EV/EBITDA range from 3.56X to 16.04X, with a median of 6.62X [13] Company Highlights - **W&T Offshore**: An independent oil and natural gas producer with a strong presence in the Gulf of Mexico, generating positive cash flow for over 28 consecutive quarters [16][17] - **Coterra Energy**: Focused on the Permian Basin and Marcellus Shale, with a production mix weighted towards natural gas, expected earnings growth rate of 27.8% over three to five years [21][24] - **Antero Resources**: Concentrated on natural gas and liquids in the Appalachian Basin, with a projected 88.3% year-over-year growth in earnings per share for 2026 [27][29] - **APA Corporation**: An independent producer with diverse assets across the Permian Basin, Egypt, and the North Sea, showing strong earnings surprise history [32][34]