# APA Corporation Common Stock (APA) — Stock CV

APA Corporation is a $16.1B energy company. Revenue grew 79.3% over the last year, it keeps 18¢ of every dollar of sales as profit, and its net debt equals ~0.9 years of free cash flow. It trades at 9.6× earnings — in the most expensive third of its own history.

> APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids.

## Identity

- **Ticker**: APA
- **Sector**: Energy
- **Industry**: Crude Petroleum & Natural Gas
- **Headquarters**: HOUSTON, TX
- **Employees**: 1 791
- **Website**: https://www.apacorp.com
- **Market cap**: $16.1B
- **Last price**: $46.03
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $9.40B
- **Net income**: $1.68B
- **Free cash flow**: $4.53B
- **Net debt**: $3.98B
- **P/E**: 9.6
- **Revenue growth (YoY)**: 79.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 58 |
| Profitability | 82 |
| Health | 46 |
| Quality | 65 |
| Moat | 63 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +79.3% YoY
- [x] Profitable — $1.68B TTM
- [ ] Profit growing — -28.7% YoY
- [x] Generates cash — $4.53B TTM
- [x] Debt under control — ~0.9y of cash flow to repay
- [x] Established company — $16.1B market cap
- [x] Not printing shares — -4.3% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 1.9 — grey
- [x] Pays a dividend — yield 2.21%
- [x] Valuation not extreme — P/E 9.6

## Experience (career milestones)

- **2024** — The company acquired Callon Petroleum for $4.5 billion in stock
- **FY2022** — Revenue crossed $10B: $11.1B for the year
- **FY2022** — Best year on record: $3.67B net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $1B: $7.99B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2021** — The company restructured its agreement with the Egyptian General Petroleum Corporation
- **2010** — The company acquired assets in the Gulf of Mexico from Devon Energy for $1.05 billion, in June 2010
- **2003** — The company acquired the Forties oilfield, the largest field ever discovered in the United Kingdom North…
- **2001** — The company acquired operations in the Libyan Desert of Egypt from Repsol for $410 million, drilling its…
- **1984** — The 32-story imitation of the Washington Monument, became the company's headquarters from the early 1960s until 1984
- **1981** — The company created Apache Petroleum Company (APC), the first public master limited partnership in the…
- **1969** — APA became a public company via an initial public offering
- **1960** — The company acquired interests in the Foshay Tower, a Minneapolis landmark
- **1954** — The Apache Oil Corporation was founded in 1954, in Minneapolis, Minnesota, by Truman Anderson, Raymond Plank and…

## Strengths

- High gross margin (80.8%)
- Revenue growing 79.3% year over year
- Strong cash conversion — FCF is 48.2% of revenue
- Could repay net debt from ~1.6 years of free cash flow
- Interest covered 9.9× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $7.99B | $973M | $3.50B |
| FY2022 | $11.1B | $3.67B | $4.94B |
| FY2023 | $8.28B | $2.85B | $3.13B |
| FY2024 | $9.74B | $804M | $3.62B |
| FY2025 | $8.92B | $1.43B | $4.54B |

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Source: https://stockcv.com/APA — derived from company filings; may be delayed or incomplete. Information, not investment advice.