Nasdaq · Crude Petroleum & Natural Gas · CIK 0001841666

APA Corp

APAHealth 10.0 / 10

$42.77

+0.54% · delayed 15 min

$15.10B market value

What this company does

APA drills for oil and natural gas.

Yearly sales: —
ⓘ
Everything customers paid it over the year, before any costs.
Yearly profit: $1.43B
ⓘ
What was left after every cost, wage, interest payment and tax bill.
Kept per dollar: —
ⓘ
Of every dollar of sales, the share that ends up as profit.

10.0OUT OF 10

Financial health

Strong finances across the board.

From APA Corp's FY2025 annual filing · share price scored separately

Piotroski: 5/6
ⓘ
Nine yes-or-no checks of whether the finances improved this year. More is better.
Altman Z: 1.42
ⓘ
Distance from bankruptcy risk, using the model for non-manufacturers. Above 2.6 is safe.
Beneish M: n/a
ⓘ
This company has not reported enough of the required figures to calculate this score.

How this score was reached

Every check behind the three models, and what each one tests

Piotroski F-Score

What changed in FY2025

Measured against FY2024, from the 10-K

Profit
ⓘ
Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +78.4%
$804.0M to $1.43B
Cash
ⓘ
A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -17.4%
$625.0M to $516.0M
Shares in issue
ⓘ
The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Improved: -3.4%
365.4M to 353.0M

What's working

It makes a profit rather than burning through money.
$1.43B earned last year
Day-to-day operations generate real cash, not just accounting profit.
$4.54B cash from operations
It holds more cash than debt, so borrowings are not a pressure.
$303.0M more cash than debt
It passes almost every standard check of financial strength.
Piotroski 5/6

What to watch

More bills fall due within a year than it holds in short-term assets.
0.82x cover on near-term bills

Price history

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Expectations

What the market expects

Not from the filings — what other people are betting on, and what the price already assumes.

What short sellers are betting

Measured on 2026-08-14 and published about a week later — this is a fortnightly snapshot, not a live position.

About 7.4% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.

Share of the company: 7.4%
ⓘ
Against shares outstanding from the latest annual filing, not free float — this app does not hold float, and substituting one for the other would understate the figure wherever insiders hold a large block.
Shares sold short: 26,113,640
ⓘ
Borrowed and sold, and not yet bought back.
Change since last report: -13.21%
ⓘ
Against the previous fortnightly report. Rising means the bet against the company is growing.
Days to buy back: 4.5 days

The essentials

The five questions that matter

Each answered from the filings, with the numbers behind it.

Is it profitable?

Good

Yes. It earned $1.43B last year.

Net profit margin: —
ⓘ
Out of every $100 of sales, this much is left over as profit.
Return on assets: 8.1%
ⓘ
How hard everything the company owns is working — profit earned per $100 of assets.
Operating cash flow: $4.54B
ⓘ
Real money that landed in the bank, after paying bills and wages. Harder to massage than profit.
Free cash flow: —
ⓘ
What is left after also paying for the buildings and equipment the business needs. The cash genuinely available for dividends, buybacks or paying down debt.

The standard figures

What it earns, what it keeps, and what it costs to run — all from the same filing

Free cash flow: —
ⓘ
Cash left after paying for the buildings and equipment the business needs to keep running. What is actually available for dividends, buybacks or paying down debt.
Earnings per share: $4.06
ⓘ
Last year's profit divided by the shares in issue at year end. A company's own reported EPS uses a weighted average across the year, so this sits close to it rather than exactly on it.
Free cash flow margin: —
ⓘ
Of every $100 of sales, this much survived as spendable cash.
Price to free cash flow: —
ⓘ
What the market pays for each $1 of cash the company actually generates. Harder to flatter than a P/E.

Gross margin: —
ⓘ
What is left of each sale after the direct cost of making it — before wages, rent or research.
Operating margin: —

What it pays shareholders

Whether the dividend is covered by what the business actually earns

It pays out 25 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 8% of the cash its operations generated. It has paid in each of the last 7 years.

Good

Paid last year: $360.0M
ⓘ
Total cash handed to shareholders over the year, across every share.
Share of profit paid out: 25.1%
ⓘ
Out of every $100 of profit, this much left the company as a dividend. Below about 80% leaves room for a bad year.
Share of cash flow paid out: 7.9%
ⓘ
The same test against real cash rather than accounting profit. Above 100% means it paid out more than it earned.
Years paid in a row: 7+
ⓘ
Counting back from the latest filing. A '+' means the run reaches as far back as the filings held here go.

Next payment expected around 2026-10-22, projected from how regularly it has paid before rather than from a date the company has announced.

The balance sheet, in plain English

Figures from the FY2025 annual filing

Owes $11.67B

Owns $6.09B

Liabilities $11.67BShareholders' equity $6.09BTotal assets $17.76B

For every $1 APA owes, it owns $1.52 in assets.
After paying off everything it owes, $6.09B would be left for shareholders — about 34% of everything it owns.
It holds $516.0M in cash and cash equivalents.

Last year it earned $1.43B and generated $4.54B of cash from operations.

How it has changed over time

Reported annual figures

Early signals

Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it

What's projected next

Estimated from how often this has happened before, not a confirmed date.

Next dividend— roughly every 92 days, give or take 22026-10-22

Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.

Go deeper

Sources and further reading

Every figure above traces back to one of these filings.

Official filings

Straight from SEC EDGAR — the original source for every figure above

Filing	Filed	Covers to
Quarterly report(10-Q)	2026-08-06	2026-06-30
Major event announcement(8-K)	2026-08-05	2026-08-05

Financial figures are from APA's 10-K for fiscal year 2025 (period ending 2025-12-31), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.

Filing

Filed

Covers to

Quarterly report(10-Q)

2026-08-06

2026-06-30

Major event announcement(8-K)

2026-08-05

How this score was reached

Piotroski F-Score

What changed in FY2025

What's working

What to watch

Price history

What the market expects

What short sellers are betting

The five questions that matter

Is it profitable?

The standard figures

What it pays shareholders

The balance sheet, in plain English

How it has changed over time

Early signals

What's projected next

Sources and further reading

Official filings

How this score was reached

Piotroski F-Score

What changed in FY2025

What's working

What to watch

Price history

What the market expects

What short sellers are betting

The five questions that matter

Is it profitable?

The standard figures

What it pays shareholders

The balance sheet, in plain English

How it has changed over time

Early signals

What's projected next

Sources and further reading

Official filings

Altman Z

Beneish M

Is it growing?

Is it drowning in debt?

Is it cheap or expensive?

Are there accounting red flags?

Recent news

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