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APA

47.11USD+0.39(+0.83%)Market Closed

Apache Corp

Market Summary

USD47.11+0.39Market Closed
0.83%

APA Stock Price

RSI Chart

Valuation

Market Cap

14.4B

Price/Earnings

4.67

Price/Sales

1.31

Price/Cashflow

3.36

MarketCap/EBT

3.06

Price/Sales

Profitability

EBT Margin

42.87%

Return on Equity

203.98%

Return on Assets

22.23%

Fundamentals

Revenue

Revenue (TTM)

10.9B

Revenue Y/Y

71.27%

Revenue Q/Q

-20.27%

Earnings

Earnings (TTM)

3.1B

Earnings Y/Y

166.37%

Earnings Q/Q

-51.11%

Price Action

52 Week Range

22.9451.95
(Low)(High)

Last 7 days

1.5%

Last 30 days

6.5%

Last 90 days

22.2%

Trailing 12 Months

82.9%

Financial Health

Current Ratio

1.01

Debt/Equity

3.24

Debt/Cashflow

0.87

Investor Care

Dividend Yield

0.81%

Dividend/Share (TTM)

0.34

Buy Backs (1Y)

8.47%

Diluted EPS (TTM)

7.01

Peers (Alternatives to Apache)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.3B
22.2B
2.49% 74.68%
13.73
3.53
70.19% 203.78%
66.9B
36.8B
-4.06% 131.58%
6.09
1.96
69.86% 4049.24%
61.4B
24.8B
-5.34% 41.76%
8.62
2.47
81.49% 409.80%
49.8B
19.7B
1.51% 73.38%
9.45
2.71
83.28% 424.48%
26.7B
9.6B
-4.77% 45.81%
6.94
2.93
73.79% 893.42%
14.4B
10.9B
6.49% 82.89%
4.67
1.31
73.36% 286.92%
12.8B
14.1B
11.31% 65.74%
5.25
0.97
63.46% 733.33%
MID-CAP
7.8B
3.1B
-2.14% 77.13%
6.63
2.55
105.26% 318.63%
7.1B
5.4B
-2.54% 45.32%
5.66
1.32
97.87% 385.71%
4.4B
2.3B
-33.88% 7.97%
4.99
1.94
101.44% 11.78%
4.2B
2.6B
-9.91% 115.08%
12.34
1.58
131.99% 194.19%
2.8B
2.3B
-1.38% 79.33%
15
1.38
104.75% 360.71%
2.7B
2.9B
-4.43% -14.09%
3.22
0.93
111.76% 166.14%
SMALL-CAP
1.4B
6.1B
-3.39% 63.08%
13.64
0.23
72.58% 132.13%
1.1B
1.9B
-3.32% 8.02%
2.05
0.56
114.30% 186.49%

Financials for Apache

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue13.1%10,9349,6647,9286,8146,307
Operating Expenses13.1%5,1444,5485,0974,307
  S&GA Expenses0.9%429425357302290
Earnings Before Taxes27.2%4,6873,6861,9801,3661,284
Net Income22.5%3,0762,5121,062716795
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets2.6%13,83913,49414,39314,42614,388
  Current Assets19.6%3,0622,5602,3952,1692,686
    Cash Equivalents58.3%2281442793481,022
  Net PPE-2.2%8,1138,297---
  Current Liabilities40.3%3,0222,1542,2312,0381,778
  Long Term Debt-15.2%4,8855,7647,5107,1938,420
    LT Debt, Current-215----
    LT Debt, Non Current-7,295----
Shareholder's Equity61.8%1,50893276--
  Retained Earnings12.1%-6,567.00-7,470.00-9,317.00-9,726.00-9,642.00
  Additional Paid-In Capital-3.9%8,0548,3818,6779,5329,535
Accumulated Depreciation0.4%33,88933,744---
Shares Outstanding-8.7%346379378--
Float------
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations15.7%4,2703,6903,5052,9162,437
  Share Based Compensation-170
Cashflow From Investing-286.8%-170.0091-666.00-615.00-872.00
Cashflow From Financing-17.2%-4,894.00-4,175.00-2,822.00-2,115.00-678.00
  Dividend PaymentsNaN%0091928
* denotes actual numbers (not divided by Millions)

Risks

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

85.8%


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.

Returns

Cumulative Returns on APA

-3.0%


10-Year Cumulative Returns

2.4%


7-Year Cumulative Returns

3.3%


5-Year Cumulative Returns

38.6%


3-Year Cumulative Returns

What are the long-term rolling returns for APA?

FIve years rolling returns for Apache.

Which funds bought or sold APA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
457,000
457,000
0.47%
2022-11-23
Toroso Investments, LLC
-
-
100,000
620,000
0.03%
2022-11-23
Eagle Bay Advisors LLC
-
-
232
1,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
5,824,000
5,824,000
0.07%
2022-11-22
CVA Family Office, LLC
-
-
-1,000
38,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
-
-
121,000
560,000
0.02%
2022-11-21
Parallax Volatility Advisers, L.P.
-
-
-5,085,000
6,909,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-1,194,000
18,108,000
0.03%
2022-11-21
FourThought Financial, LLC
-
-
-1,000
7,000
-%
2022-11-18
Industrial Alliance Investment Management Inc.
REDUCED
-22.8
-58,000
181,000
-%

1–10 of 43

Latest Funds Activity

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

APA Fair Value

Apache fair value in different scenarios

The table shows the Fair Value estimates for Apache for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-

Current Inflation

18.98

-59.71%

26.45

-43.85%

31.34

-33.47%

57.21

21.44%

67.26

42.77%

Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Apache Fair Value Estimates


Recent SEC filings of Apache

View All Filings
Date Filed Form Type Document
Nov 03, 2022
10-Q
Quarterly Report

Latest Insider Trading transactions for APA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2021-02-02
Pursell David A
GIVEN BACK TO IS
-84,747.6
15.12
-5,605
Executive Vice President
2021-02-01
Hoyt Rebecca A
ACQUIRED
-
-
7,395
Sr. VP, Chief Acct Officer
2021-02-01
CHRISTMANN JOHN J
GIFTED
-
-
1,984
CEO and President
2021-02-01
Hoyt Rebecca A
SOLD (Taxes)
-26,399.5
15.12
-1,746
Sr. VP, Chief Acct Officer
2021-02-01
Riney Stephen J
SOLD (Taxes)
-73,649.5
15.12
-4,871
Executive Vice Pres & CFO
2021-02-01
CHRISTMANN JOHN J
ACQUIRED
-
-
48,241
CEO and President
2021-02-01
Bretches D. Clay
GIVEN BACK TO IS
-52,965.4
15.12
-3,503
Exec VP - Operations
2021-02-01
Riney Stephen J
GIVEN BACK TO IS
-124,770
15.12
-8,252
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

2022-09-30
STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES AND OTHER:    
Derivative instrument gains (losses), net$ (44,000,000)$ 0$ (138,000,000)$ 45,000,000
Gain (loss) on divestitures, net31,000,000(2,000,000)1,180,000,00065,000,000
Loss on previously sold Gulf of Mexico properties0(446,000,000)0(446,000,000)
Other, net(10,000,000)40,000,00099,000,000175,000,000
Total revenues and other2,770,000,0001,651,000,0009,650,000,0005,525,000,000
OPERATING EXPENSES:    
Lease operating expenses363,000,000316,000,0001,066,000,000891,000,000
Taxes other than income74,000,00054,000,000222,000,000149,000,000
Exploration46,000,00021,000,00086,000,00086,000,000
General and administrative64,000,00064,000,000298,000,000226,000,000
Transaction, reorganization, and separation4,000,0004,000,00021,000,0008,000,000
Depreciation, depletion, and amortization288,000,000335,000,000857,000,0001,028,000,000
Asset retirement obligation accretion29,000,00029,000,00087,000,00085,000,000
Impairments018,000,000018,000,000
Financing costs, net55,000,000192,000,000257,000,000393,000,000
Total operating expenses1,590,000,0001,497,000,0004,615,000,0004,223,000,000
NET INCOME BEFORE INCOME TAXES1,180,000,000154,000,0005,035,000,0001,302,000,000
Current income tax provision357,000,000183,000,0001,164,000,000463,000,000
Deferred income tax provision (benefit)293,000,000(29,000,000)231,000,000(51,000,000)
NET INCOME INCLUDING NONCONTROLLING INTERESTS530,000,00003,640,000,000890,000,000
Net income (loss) attributable to Altus Preferred Unit limited partners030,000,000(70,000,000)73,000,000
NET INCOME (LOSS) ATTRIBUTABLE TO APA CORPORATION357,000,000(83,000,000)3,107,000,000653,000,000
Noncontrolling Interest, Sinopec    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest108,000,00049,000,000368,000,000132,000,000
Noncontrolling interests, Altus    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest04,000,00014,000,00032,000,000
Noncontrolling interest, APA Corporation    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest65,000,0000221,000,000 
Oil and gas    
REVENUES AND OTHER:    
Total revenues2,793,000,0002,059,000,0008,509,000,0005,686,000,000
Oil and gas, excluding purchased    
REVENUES AND OTHER:    
Oil, natural gas, and natural gas liquids production revenues2,208,000,0001,685,000,0007,053,000,0004,630,000,000
OPERATING EXPENSES:    
Cost of oil and gas purchased[1]94,000,00068,000,000269,000,000187,000,000
Purchased oil and gas sales    
REVENUES AND OTHER:    
Purchased oil and gas sales585,000,000374,000,0001,456,000,0001,056,000,000
OPERATING EXPENSES:    
Cost of oil and gas purchased$ 573,000,000$ 396,000,000$ 1,452,000,000$ 1,152,000,000
[1]For gathering, processing, and transmission costs associated with Kinetik, refer to Note 7—Equity Method Interest for further detail.

APA Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents ($132 related to Altus VIE)[1]$ 183$ 279
Receivables, net of allowance of $115 and $109[1]1,8121,390
Other current assets (Note 6) ($9 related to Altus VIE)925649[1]
Accounts receivable from APA Corporation[1]43777
Assets, Current[1]3,3572,395
PROPERTY AND EQUIPMENT:  
Oil and gas properties[1]40,93940,474
Gathering, processing, and transmission facilities ($209 related to Altus VIE)[1]447673
Other ($3 related to Altus VIE)[1]6061,126
Less: Accumulated depreciation, depletion, and amortization ($25 related to Altus VIE)[1](34,033)(34,213)
Property and equipment, net[1]7,9598,060
OTHER ASSETS:  
Equity method interests (Note 7) ($1,365 related to Altus VIE)[1]6021,365
Decommissioning security for sold Gulf of Mexico properties (Note 12)[1]376640
Deferred charges and other ($6 related to Altus VIE)[1]483581
Note receivable from APA Corporation (Note 2)[1]1,4151,352
Total assets[1]14,19214,393
CURRENT LIABILITIES:  
Accounts payable ($12 related to Altus VIE)[1]804651
Note payable to APA Corporation[1]0195
Current debt[1]125215
Other current liabilities (Note 8) ($15 related to Altus VIE)[1]1,8251,170
Total current liabilities[1]2,7542,231
LONG-TERM DEBT (Note 10) ($657 related to Altus VIE)[1]4,8847,295
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:  
Income taxes[1]389148
Asset retirement obligation (Note 9) ($68 related to Altus VIE)[1]2,0742,089
Decommissioning contingency for sold Gulf of Mexico properties (Note 12)[1]8011,086
Other ($67 related to Altus VIE)[1]427572
Total deferred credits and other noncurrent liabilities[1]3,6913,895
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 13)[1]0712[2]
EQUITY (DEFICIT):  
Common stock, $0.625 par, 1,000 and 1,000 shares authorized, respectively, 1,000 and 1,000 shares issued, respectively[1]00
Paid-in capital[1]8,0208,677
Accumulated deficit[1](6,210)(9,317)
Accumulated other comprehensive income[1]2122
EQUITY (DEFICIT) ATTRIBUTABLE TO APA CORPORATION[1]1,831(618)
TOTAL EQUITY[1]2,863260
TOTAL LIABILITIES AND EQUITY[1]14,19214,393
Noncontrolling Interest, Sinopec  
EQUITY (DEFICIT):  
Noncontrolling interest[1]952820
Noncontrolling interest, APA Corporation  
EQUITY (DEFICIT):  
Noncontrolling interest[1]800
Noncontrolling Interest, Altus  
EQUITY (DEFICIT):  
Noncontrolling interest[1]$ 0$ 58
[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.
[2]As a result of the BCP Business Combination, the Company deconsolidated Altus on February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 3—Acquisitions and Divestitures for further detail.