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Apache Corp Stock Research

APA

36.06USD+0.68(+1.92%)Delayed

Market Summary

USD36.06+0.68
Delayed
1.92%

APA Stock Price

APA RSI Chart

APA Valuation

Market Cap

14.4B

Price/Earnings (Trailing)

4.67

Price/Sales (Trailing)

1.31

EV/EBITDA

3.03

Price/Free Cashflow

3.36

APA Price/Sales (Trailing)

APA Profitability

EBT Margin

49.20%

Return on Equity

156.6%

Return on Assets

24.81%

Free Cashflow Yield

29.73%

APA Fundamentals

APA Revenue

Revenue (TTM)

11.9B

Revenue Y/Y

-4.79%

Revenue Q/Q

-17.4%

APA Earnings

Earnings (TTM)

3.5B

Earnings Y/Y

4.89%

Earnings Q/Q

20.17%

Price Action

52 Week Range

29.9751.46
(Low)(High)

Last 7 days

4.5%

Last 30 days

-9.0%

Last 90 days

-22.7%

Trailing 12 Months

-11.7%

APA Financial Health

Current Ratio

0.96

Debt/Equity

2.16

Debt/Cashflow

0.99

APA Investor Care

Dividend Yield

0.81%

Dividend/Share (TTM)

0.34

Peers (Alternatives to Apache)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
66.8B
25.7B
-2.86% 0.61%
8.61
2.6
37.87% 66.36%
60.4B
37.1B
4.86% 11.01%
4.68
1.64
40.97% 472.95%
49.8B
19.8B
-5.87% -7.42%
9.45
2.71
44.20% 113.83%
48.8B
24.4B
2.14% -16.10%
6.22
2
36.45% 270.40%
24.3B
9.6B
-4.60% 4.74%
5.54
2.52
41.87% 101.01%
14.4B
11.9B
-9.01% -11.66%
4.67
1.31
50.58% 232.96%
MID-CAP
8.9B
14.3B
-20.19% -32.98%
2.44
0.62
36.25% 156.85%
6.3B
5.3B
-1.67% -12.87%
5.36
1.19
49.01% 187.38%
5.7B
3.2B
-13.91% -9.69%
4.67
1.77
71.67% 107.57%
4.4B
3.6B
-33.88% 7.97%
4.99
1.94
130.82% 480.77%
3.4B
2.2B
-3.63% 3.48%
14.97
1.51
68.57% 391.06%
3.0B
3.6B
-13.40% -17.32%
2.62
0.83
96.03% 571.98%
2.1B
3.2B
-15.94% -43.40%
1.7
0.64
60.18% 231.32%
SMALL-CAP
1.7B
7.3B
-0.68% 124.27%
4.77
0.24
55.45% 547.97%
805.4M
1.9B
-8.19% -35.44%
1.28
0.42
37.78% 335.50%

Financials for Apache

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.0%11,93812,05310,9349,6647,928
  S&GA Expenses7.7%462429429425357
Costs and Expenses-4.4%6,0646,3406,2475,9785,948
EBITDA1.6%7,3737,2566,3085,392-
EBITDA Margin2.6%0.62*0.60*0.58*0.56*-
Earnings Before Taxes2.8%5,8745,7134,6873,6861,980
EBT Margin3.8%0.49*0.47*0.43*0.38*-
Interest Expenses-9.0%322354385457442
Net Income0.6%3,5363,5163,0762,5121,062
Net Income Margin1.5%0.30*0.29*0.28*0.26*-
Free Cahsflow13.7%4,8524,2664,2703,690-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.4%14,25514,19213,83913,49414,393
  Current Assets-22.5%2,6023,3573,0622,5602,395
    Cash Equivalents1.1%185183228144279
  Current Liabilities-2.1%2,6972,7543,0222,1542,231
  Long Term Debt0.0%4,8854,8844,8855,7647,295
    LT Debt, Current-215----
    LT Debt, Non Current-33.0%4,8857,295---
Shareholder's Equity23.3%2,2581,8312,4901,832-
  Retained Earnings6.9%-5,781-6,210-6,567-7,470-9,317
  Additional Paid-In Capital0.1%8,0258,0208,0548,3818,677
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.7%4,8524,2664,2703,6703,505
  Share Based Compensation-170----
Cashflow From Investing-291.8%-1,485-379-17075.00-666
Cashflow From Financing14.6%-3,461-4,052-4,894-3,882-2,822
  Dividend PaymentsNaN%0.000.000.000.009.00

Risks for APA

What is the probability of a big loss on APA?

100%


Probability that Apache stock will be more than 20% underwater in next one year

86.5%


Probability that Apache stock will be more than 30% underwater in next one year.

55%


Probability that Apache stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does APA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Apache was unfortunately bought at previous high price.

Drawdowns

Returns for APA

Cumulative Returns on APA

-5.6%


10-Year Cumulative Returns

-2.1%


7-Year Cumulative Returns

0.5%


5-Year Cumulative Returns

107.2%


3-Year Cumulative Returns

What are the long-term rolling returns for APA?

FIve years rolling returns for Apache.

Annualized Returns

Which funds bought or sold APA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
new
-
9,000
9,000
0.01%
2023-03-24
Freemont Management S.A.
sold off
-100
-121,000
-
-%
2023-03-23
ETF MANAGERS GROUP, LLC
sold off
-100
-212,000
-
-%
2023-03-23
MetLife Investment Management, LLC
reduced
-3.12
955,855
3,918,180
0.03%
2023-03-17
American Portfolios Advisors
reduced
-19.02
-18,051
69,252
-%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
14.63
316,053
876,053
0.03%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-21.00
1,788,300
24,546,300
0.03%
2023-03-06
Rockefeller Capital Management L.P.
added
3.69
2,112,000
7,191,000
0.04%
2023-03-06
OLD MISSION CAPITAL LLC
new
-
869,321
869,321
0.03%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
2,469
7,469
-%

1–10 of 46

Latest Funds Activity

Are funds buying APA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own APA
No. of Funds

Apache News

Best Stocks

Apache Corporation beats EPS estimates and shows resilience in ....

Best Stocks,
44 hours ago

OilPrice.com

Seeking Alpha

The Motley Fool

InvestorPlace

Seeking Alpha

Schedule 13G FIlings of Apache

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2022
dodge & cox
0.2%
610,326
SC 13G/A
Feb 11, 2022
hotchkis & wiley capital management llc
5.13%
18,630,099
SC 13G
Feb 11, 2022
harris associates l p
5.3%
19,148,135
SC 13G
Feb 09, 2022
vanguard group inc
12.45%
45,212,514
SC 13G/A
Feb 09, 2022
state street corp
6.37%
23,122,695
SC 13G
Feb 03, 2022
blackrock inc.
6.3%
22,869,044
SC 13G
Feb 16, 2021
harris associates l p
3.9%
14,770,495
SC 13G/A
Feb 12, 2021
davis selected advisers
0.0%
0
SC 13G/A
Feb 11, 2021
dodge & cox
13.8%
52,194,876
SC 13G/A
Feb 10, 2021
vanguard group inc
11.34%
42,802,398
SC 13G/A

APA Fair Value

Recent SEC filings of Apache

View All Filings
Date Filed Form Type Document
Feb 23, 2023
10-K
Annual Report

Latest Insider Trading transactions for APA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2021-02-02
Pursell David A
back to issuer
-84,747
15.12
-5,605
executive vice president
2021-02-01
CHRISTMANN JOHN J
acquired
-
-
48,241
ceo and president
2021-02-01
LANNIE P ANTHONY
acquired
-
-
12,985
exec. vice pres & gen counsel
2021-02-01
Pursell David A
sold (taxes)
-50,032
15.12
-3,309
executive vice president
2021-02-01
Pursell David A
acquired
-
-
14,013
executive vice president
2021-02-01
LANNIE P ANTHONY
sold (taxes)
-46,357
15.12
-3,066
exec. vice pres & gen counsel
2021-02-01
LANNIE P ANTHONY
back to issuer
-78,533
15.12
-5,194
exec. vice pres & gen counsel
2021-02-01
Riney Stephen J
back to issuer
-124,770
15.12
-8,252
executive vice pres & cfo
2021-02-01
Bretches D. Clay
back to issuer
-52,965
15.12
-3,503
exec vp - operations
2021-02-01
Riney Stephen J
acquired
-
-
20,630
executive vice pres & cfo

1–10 of 50

John J. Christmann
2250
APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. APA Corporation was founded in 1954 and is based in Houston, Texas.

APA Income Statement

2022-12-31
STATEMENT OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES AND OTHER:   
Derivative instrument gains (losses), net$ (107)$ 94$ (223)
Gain on divestitures, net1,1806732
Losses on previously sold Gulf of Mexico properties(157)(446)0
Other, net13922864
Total revenues and other11,9387,9284,308
OPERATING EXPENSES:   
Lease operating expenses1,4351,2411,127
Taxes other than income256204123
Exploration146127274
General and administrative462357290
Transaction, reorganization, and separation262254
Depreciation, depletion, and amortization1,1771,3601,772
Asset retirement obligation accretion117113109
Impairments02084,501
Financing costs, net313472267
Total operating expenses6,0645,9489,148
NET INCOME (LOSS) BEFORE INCOME TAXES5,8741,980(4,840)
Current income tax provision1,507652176
Deferred income tax provision (benefit)145(74)(112)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS4,2221,402(4,904)
Net income (loss) attributable to Altus Preferred Unit limited partners(70)16276
NET INCOME (LOSS) ATTRIBUTABLE TO APA CORPORATION3,5361,062(4,860)
Noncontrolling Interest, Sinopec   
OPERATING EXPENSES:   
Net income (loss) attributable to noncontrolling interest464174(121)
Noncontrolling Interest, Altus   
OPERATING EXPENSES:   
Net income (loss) attributable to noncontrolling interest1441
Noncontrolling Interest, APA Corporation   
OPERATING EXPENSES:   
Net income (loss) attributable to noncontrolling interest27800
Oil and gas, excluding purchased   
REVENUES AND OTHER:   
Oil, natural gas, and natural gas liquids production revenues[1]9,0286,4984,037
OPERATING EXPENSES:   
Cost of oil and gas purchased[1]356264274
Oil and gas, purchased   
REVENUES AND OTHER:   
Purchased oil and gas sales1,8551,487398
OPERATING EXPENSES:   
Cost of oil and gas purchased1,7761,580357
Oil and gas   
REVENUES AND OTHER:   
Total revenues$ 10,883$ 7,985$ 4,435
[1](1) For revenues and gathering, processing, and transmission costs associated with Kinetik, refer to Note 7—Equity Method Interest for further detail.

APA Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents ($132 related to Altus VIE)[1]$ 185$ 279
Receivables, net of allowance of $117 and $109[1]1,4241,390
Other current assets (Note 6) ($9 related to Altus VIE)[1]993649
Accounts receivable from APA Corporation077[1]
Total current assets[1]2,6022,395
PROPERTY AND EQUIPMENT:  
Oil and gas, on the basis of successful efforts accounting:[1]41,24540,474
Gathering, processing, and transmission facilities ($209 related to Altus VIE)[1]449673
Other ($3 related to Altus VIE)[1]6131,126
Less: Accumulated depreciation, depletion, and amortization ($25 related to Altus VIE)[1](34,350)(34,213)
Property and equipment, net[1]7,9578,060
OTHER ASSETS:  
Equity method interests (Note 7) ($1,365 related to Altus VIE)[1]6241,365
Decommissioning security for sold Gulf of Mexico properties (Note 12)[1]217640
Deferred charges and other ($6 related to Altus VIE)[1]571581
Noncurrent receivable from APA Corporation869[1]0
Note receivable from APA Corporation (Note 2)[1]1,4151,352
Assets[1]14,25514,393
CURRENT LIABILITIES:  
Accounts payable ($12 related to Altus VIE)[1]646651
Note payable to APA Corporation (Note 2)[1]0195
Current debt[1]2215
Other current liabilities (Note 8) ($15 related to Altus VIE)[1]2,0491,170
Total current liabilities[1]2,6972,231
LONG-TERM DEBT (Note 10) ($657 related to Altus VIE)[1]4,8857,295
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:  
Income taxes[1]314148
Asset retirement obligation ($68 related to Altus VIE)[1]1,9362,089
Decommissioning contingency for sold Gulf of Mexico properties (Note 12)[1]7381,086
Other ($67 related to Altus VIE)[1]443572
Total deferred credits and other noncurrent liabilities[1]3,4313,895
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 14)[1]0712
EQUITY (DEFICIT):  
Common stock, $0.625 par, 1,000 and 1,000 shares authorized, respectively, 1,000 and 1,000 shares issued, respectively[1]00
Paid-in capital[1]8,0258,677
Accumulated deficit[1](5,781)(9,317)
Accumulated other comprehensive income[1]1422
EQUITY (DEFICIT) ATTRIBUTABLE TO APA CORPORATION[1]2,258(618)
TOTAL EQUITY[1]3,242260
Liabilities and Equity, Total[1]14,25514,393
Noncontrolling Interest, Sinopec  
EQUITY (DEFICIT):  
Noncontrolling interest[1]922820
Noncontrolling Interest, APA Corporation  
EQUITY (DEFICIT):  
Noncontrolling interest[1]620
Noncontrolling Interest, Altus  
EQUITY (DEFICIT):  
Noncontrolling interest[1]$ 0$ 58
[1](1)    The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 3—Acquisitions and Divestitures for further detail.