APA
FY2026 Q1 · Calendar Q2 2026
APA Corporation
APA delivered a decisive Q1 2026 beat — EPS of $1.38 vs. $1.11 consensus (24.3% surprise) and revenue of $2.215B vs. $2.134B estimate (3.8% surprise). Management raised full-year oil production guidance to 122,000 bpd, highlighted $477M in free cash flow, and outlined progress toward a $3B net-debt target. Gas trading is projected to generate $1.1B in pretax cash flow in 2026. Despite these beats, the stock saw a -5.1% abnormal return on the report. The sell-off may reflect concerns about Egypt volume guidance adjustments and increased decommissioning costs outweighing the headline beat.
EPS surprise+24.3%
Market move-5.4%
