APA CORPORATION
boothcheck covers APA CORPORATION (APA) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• Oil is about 65% of revenue, and the stated policy is to hand back ⟦"60 percent of free cash flow through dividends and share repurchases"⟧, with the remainder going against borrowings. • The obligation that does not care what Brent does is the cleanup bill: ⟦"At December 31, 2025, the asset retirement obligation (ARO) balance totaled $2,880 million"⟧, and the North Sea portion of it is what the auditors singled out for extra scrutiny. • Second-quarter results land on August 6, 2026, after a q
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794 institutional managers reported holding APA in 13F filings for the quarter ended 2026-03-31. 177 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 27.9M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
APA has cut its share count 6.3% over the past five years, spending $2.28B on repurchases. It pays a dividend, and has paid one every year in our records (6 and counting); the current rate is $1.00 a share annually. Cash returned over the past three years: $954.00M in dividends and $673.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at APA over the trailing three years: 2024: 1 buy totaling $100k; 2025: 1 buy totaling $1.37M. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
APA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-05-06 | -2.4% | -21.0% |
| 2022-08-05 | -7.8% | +33.9% |
| 2022-11-04 | +10.7% | -12.4% |
| 2023-05-05 | -2.8% | +5.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
APA's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-07-08 (items 2.02, 9.01); 2026-05-26 (items 5.02, 5.07, 9.01); 2026-05-06 (items 2.02, 9.01); 2026-04-14 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.