Company Overview - APA Corporation is an independent energy company based in Houston, Texas, focusing on the exploration, development, and production of natural gas, crude oil, and natural gas liquids, with a market cap of $9.2 billion [1] Market Position - APA is categorized as a mid-cap stock, with its market capitalization exceeding the $2 billion to $10 billion range, indicating its substantial size and influence in the oil and gas exploration and production industry [2] Stock Performance - APA's stock reached a 52-week high of $27.72 on December 5 and is currently trading 8.8% below that peak, while experiencing a 10.3% increase over the past three months, outperforming the iShares U.S. Oil & Gas Exploration & Production ETF (IEO), which saw a 2.2% increase during the same period [3] - Year-to-date, APA's stock has surged 9.4%, and over the past 52 weeks, it has increased by 10.5%, significantly outpacing IEO's 3.2% increase in 2025 and a marginal 10 basis points dip over the past year [4] Financial Results - Following the release of mixed Q3 results on November 5, APA's stock prices soared 9.1% in a single trading session, despite a significant drop in oil prices leading to an 18.2% year-over-year decline in oil revenues to $1.5 billion. Overall, APA's revenues for the quarter fell 16.4% year-over-year to $2.1 billion, slightly missing market expectations [5] - The company experienced a notable improvement in margins, resulting in a more modest 7% decline in adjusted EPS to $0.93, which surpassed consensus estimates by 25.7% [6]