APA Corporation · APA · Next earnings

APA Corporation reports Wednesday, Nov 4, 2026

APA reports after market close with consensus EPS at $1.33 and revenue at $2.22B. Last quarter: APA Q1 2026 Earnings: Beat on EPS and Revenue, Raised Oil Guidance

Reports After market close45 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $1.33 Calendar consensus
Consensus revenue $2.22B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where APA left off: FY2026 Q1

Full report

APA Q1 2026 Earnings: Beat on EPS and Revenue, Raised Oil Guidance

EPS surprise +24.3% Reported $1.38 vs $1.11
Revenue surprise +3.8% Reported $2.21B vs $2.13B
Stock move -5.4% Event window
Subsequent drift +0.9% Up to 20 sessions

Full-year oil production guidance raised to 122,000 bpd. Upstream capital spend maintained at $2.1B. Egypt adjusted volume guidance lowered due to PSC cost-recovery impacts. Gas trading expected to generate $1.1B pretax cash flow in 2026. Cost-reduction program targeting $450M in cumulative run-rate savings by 2026 remains on track. Overall guidance sentiment is raised.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Geopolitical tensions in the Middle East could affect Egypt operations.
  • Volatility in gas pricing and Waha basis may lead to production curtailments.
  • Inflationary pressure on diesel, power, and LOE costs, especially in Egypt.
  • Dependence on commodity price environment for cash flow generation.
  • Decommissioning cost uncertainties and upcoming spend increases.

Questions analysts left open

  • Details on hedging strategy and basis risk for the gas trading portfolio.
  • Progress and timing of Alaska seismic reprocessing and well program.
  • Impact of inflation on LOE and whether pressures will persist.
  • Use of free cash flow — balance between debt repayment, buybacks, and dividends.
  • Potential for further decommissioning spend beyond the $20M increase.

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Recent APA quarters

All APA earnings
-5.4%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.