APA
APA CorporationEvidence as of 2026-10-02The desk's Snapshot
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Overview · APA Corporation
APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. 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, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pip…
Management team
- Mr. W. Brad Eubanks · Senior Vice President of Engineering ServicesFind on LinkedIn
- Ms. Kimberly O. Warnica J.D. · EVP & Chief Legal OfficerFind on LinkedIn
- Mr. David Clay Bretches · Executive Vice President of OperationsFind on LinkedIn
- Mr. Stephen J. Riney · President & CFOFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.3 ) with high confidence. Operating income rose from $865,000,000 in fiscal Q1 2025 (fiscal quarter ended 2025-04-30) to $1,055,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-30) and then to $1,280,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-07-31). Reported single-quarter net income and diluted EPS also increased across these periods, with net income reaching $747,000,000 in fiscal Q2 2026 and diluted EPS at $2.11 in fiscal Q2 2026, while weighted-average diluted shares outstanding and period-end shares declined to 350,351,510 as of 2026-07-31.
The filings add explicit language about energy-transition and commodity-price risks, geographic concentration (about 38 percent of 2025 production outside the U.S. and about 26 percent of proved reserves outside the U.S.), and rising North Sea decommissioning exposure. Market and ownership context shows institutional holdings of $11.80B in the 13F period ended 2026-06-30, trailing P/E of 7.73 (price date 2026-10-01), EV/EBITDA of 3.91, and a reported market price of 43.34 on 2026-10-01. News items note a roughly $1.27–1.30 billion investment to acquire ~80% of the Brigalow gas peaking plant.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Operating income rose from $865,000,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31) to $1,055,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and then to $1,280,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0002040266-25-000012Net income (single-quarter) moved from $347,000,000 in fiscal Q1 2026 (2025-01-01 to 2025-03-31) to $446,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and to $747,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0001841666-26-000034weakened in debateReads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 26 February 2026 adds a risk that the "timing, scope, implementation, and potential judicial review of energy transition and climate-related policies and regulations (such as methane fees, emissions reporting requirements, carbon pricing mechanisms, and other climate-related measures)" could affect the Company.
10-K filed 2026-02-26The 10-K filed 26 February 2026 adds language emphasizing that prolonged low commodity prices "could have a material adverse impact on the Companys results of operations and cash flows and limit its ability to fund capital expenditures and return capital to its shareholders," and notes the risk that without funding the Company "would be unable to replace reserves and production."
10-K filed 2026-02-26Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutions reported $11.80B in aggregate holdings as of the 13F reporting period ended 2026-06-30 (13F filings carry a 45-day reporting lag).
13F holdings · 820 filers · as of 2026-06-30Top reported institutional holders in that 13F period included BlackRock, Inc. ($1.17B), HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC ($1.03B), STATE STREET CORP ($820.2M), VANGUARD CAPITAL MANAGEMENT LLC ($752.3M), and VANGUARD PORTFOLIO MANAGEMENT LLC ($564.5M).
13F holdings · 820 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple headlines report APA Group finalised or unveiled a roughly $1.27–1.3 billion investment to take a majority (around 80%) stake in the Brigalow gas peaking power plant in Queensland, backed by a long‑dated offtake.
News · fool.com.au · 2026-09-30Independent outlets also covered the Brigalow transaction and framed it as strengthening energy supply and underpinning growth for the company.
News · finnewsnetwork.com.au · 2026-09-30Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Trailing twelve-month price-to-earnings (P/E) is 7.73 as of the price date 2026-10-01.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value to trailing twelve-month EBITDA (EV/EBITDA) is 3.91 using an enterprise value of 23,455,234,443 and EBITDA TTM of 5,993,000,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
SEC-filed quarterly and annual results show clear sequential improvement in core profitability metrics: operating income, net income, and diluted EPS all rose materially across the reported quarters while diluted share count declined, strengthening per-share economics (fundamentals-0, fundamentals-1, fundamentals-2, fundamentals-3). Valuation multiples reported (TTM P/E ~7.73; EV/EBITDA ~3.91) are low relative to the raw earnings and EBITDA levels disclosed, which aligns with a valuation read that treats recent earnings strength as underpriced (valuation-0, valuation-1, valuation-5). Institutional behavior and coverage add corroborating market context: a sizable and growing institutional holder base with large allocations from major asset managers and inclusion in major passive ETFs increases visible demand and distribution depth (ownership-0, ownership-1, ownership-2, ownership-4). Multiple independent news reports describe a roughly $1.27–1.3B majority stake investment in the Brigalow gas peaking plant backed by a long-dated offtake, which the coverage frames as strengthening supply and underpinning growth prospects (news-0, news-1, news-2). While filings disclose regulatory, commodity-price, and decommissioning risks, those items are standard risk disclosures in the 10-K and do not negate the contemporaneous, SEC-filed financial improvements and the reported institutional flows; similarly, cash-and-cash-equivalents moved lower then partially recovered, which is a factual point to weigh alongside the stronger operating cash and DDA TTM figures (filings-0, filings-1, filings-3, fundamentals-4).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
27 surviving claims rest on 12 distinct sources; the heaviest analyst carries 22% of them, and 94% of what the desk raised survived the debate.
The surviving set draws on a moderate breadth of documented sources but a noticeable share of the desk's weight is carried by a single analyst; this raises some dependence risk if that analyst's inputs are wrong. The very high survival rate through debate indicates the claims were largely uncontested within the team, which supports confidence in the read—but source concentration and analyst concentration make the overall read somewhat brittle to a single-source correction.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
17 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.8 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.6 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on APA Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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