Financials APA Corporation

Equities

APA

US03743Q1085

Oil & Gas Exploration and Production

Market Closed - Nasdaq Other stock markets 23:00:00 14/07/2025 +03			5-day change	1st Jan Change
19.47 ^USD	-3.18%		+0.31%	-15.68%

07-14	Jefferies Adjusts APA's Price Target to $19 From $17	MT
07-14	BMO Capital Adjusts APA's Price Target to $25 From $22	MT

Projected Income Statement: APA Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	4,308	7,928	12,132	8,192	9,737	8,692	8,067	8,612
Change	-	84.03%	53.03%	-32.48%	18.86%	-10.74%	-7.19%	6.76%
EBITDA ¹	2,192	4,573	6,838	5,275	5,918	5,116	4,714	4,972
Change	-	108.62%	49.53%	-22.86%	12.19%	-13.56%	-7.85%	5.48%
EBIT ¹	-4,573	2,405	6,113	3,195	1,902	2,346	2,232	2,459
Change	-	152.59%	154.18%	-47.73%	-40.47%	23.35%	-4.88%	10.2%
Interest Paid ¹	-267	-514	-379	-312	-367	-217.4	-306.3	-299.6
Earnings before Tax (EBT) ¹	-4,840	1,891	5,734	2,883	1,535	2,319	2,047	2,371
Change	-	139.07%	203.23%	-49.72%	-46.76%	51.04%	-11.71%	15.83%
Net income ¹	-4,860	973	3,674	2,855	804	1,111	1,055	1,232
Change	-	120.02%	277.6%	-22.29%	-71.84%	38.17%	-5.04%	16.79%
Announcement Date	2/24/21 A	2/21/22 A	2/23/23 A	2/21/24 A	2/26/25 A	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	596	1,144	1,289	2,092	1,782	1,651	2,403	3,828	3,052	2,872	2,380	2,030	1,961	2,309	1,892	1,903	2,792	2,531	2,502	2,612	2,011	2,053	2,038	2,003	1,902	2,006	2,037	2,005
Change	-	91.95%	12.67%	62.3%	-14.82%	-7.35%	45.55%	59.3%	-20.27%	-5.9%	-17.13%	-14.71%	-3.4%	17.75%	-18.06%	0.58%	46.72%	-9.35%	-1.15%	4.4%	-22.99%	2.07%	-0.73%	-1.7%	-5.05%	5.44%	1.55%	-1.59%
EBITDA ¹	235	563	630	1,137	1,011	1,158	1,267	1,707	1,957	1,690	1,484	1,264	1,217	1,433	1,361	1,235	1,576	1,557	1,550	1,485	1,199	1,231	1,210	1,176	1,134	1,198	1,239	1,271
Change	-	139.57%	11.9%	80.48%	-11.08%	14.54%	9.41%	34.73%	14.65%	-13.64%	-12.19%	-14.82%	-3.72%	17.75%	-5.02%	-9.26%	27.61%	-1.21%	-0.45%	-4.19%	-19.25%	2.69%	-1.7%	-2.82%	-3.62%	5.67%	3.44%	2.61%
EBIT ¹	-450	171	169	730	602	327	746	2,450	1,538	1,247	878	882	782	914	617	523	1,028	-240	591	706	505.8	590	568.8	544.5	466.2	519.5	552.9	618.1
Change	-	138%	-1.17%	331.95%	-17.53%	-45.68%	128.13%	228.42%	-37.22%	-18.92%	-29.59%	0.46%	-11.34%	16.88%	-32.49%	-15.24%	96.56%	-123.35%	346.25%	19.46%	-28.35%	16.64%	-3.59%	-4.26%	-14.39%	11.44%	6.42%	11.79%
Charge d'intérêts ¹	34	-99	-99	-110	-107	-205	-92	-152	-76	-75	-76	-72	-82	-81	-77	-76	-100	-100	-91	-57	-79.93	-76.81	-75.74	-76.11	-75.98	-75.85	-75.56	-62.6
Earnings before Tax (EBT) ¹	-416	72	70	620	495	122	654	2,298	1,462	1,172	802	810	700	662	540	447	928	-492	500	763	463.9	550.6	536.2	458	435.8	494.3	543.8	605
Change	-	117.31%	-2.78%	785.71%	-20.16%	-75.35%	436.07%	251.38%	-36.38%	-19.84%	-31.57%	1%	-13.58%	-5.43%	-18.43%	-17.22%	107.61%	-153.02%	201.63%	52.6%	-39.2%	18.68%	-2.6%	-14.59%	-4.86%	13.44%	10.01%	11.26%
Net income ¹	-397	-4	10	388	316	-113	382	1,883	926	422	443	242	381	459	1,773	132	541	-223	354	347	231.6	263.1	264.5	253.2	224.1	261.7	285.6	317.5
Change	-	98.99%	350%	3,780%	-18.56%	-135.76%	438.05%	392.93%	-50.82%	-54.43%	4.98%	-45.37%	57.44%	20.47%	286.27%	-92.55%	309.85%	-141.22%	258.74%	-1.98%	-33.25%	13.58%	0.56%	-4.28%	-11.52%	16.8%	9.11%	11.16%
Announcement Date	7/29/20 A	11/5/20 A	2/24/21 A	5/5/21 A	8/4/21 A	11/3/21 A	2/21/22 A	5/4/22 A	8/3/22 A	11/3/22 A	2/23/23 A	5/4/23 A	8/2/23 A	11/1/23 A	2/21/24 A	5/1/24 A	7/31/24 A	11/7/24 A	2/26/25 A	5/7/25 A	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: APA Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	8,510	7,208	5,208	5,101	5,419	4,498	4,114	3,804
Change	-	-15.3%	-27.75%	-2.05%	6.23%	-17%	-8.54%	-7.54%
Announcement Date	2/24/21 A	2/21/22 A	2/23/23 A	2/21/24 A	2/26/25 A	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: APA Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,298	1,113	1,807	2,333	2,851	2,423	2,493	2,529
Change	-	-14.25%	62.35%	29.11%	22.2%	-15%	2.88%	1.44%
Free Cash Flow (FCF) ¹	90	2,383	3,136	796	769	1,311	965.1	874.3
Change	-	2,547.78%	31.6%	-74.62%	-3.39%	70.45%	-26.37%	-9.41%
Announcement Date	2/24/21 A	2/21/22 A	2/23/23 A	2/21/24 A	2/26/25 A	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: APA Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	50.88%	57.68%	56.36%	64.39%	60.78%	58.86%	58.44%	57.74%
EBIT Margin (%)	-106.15%	30.34%	50.39%	39%	19.53%	26.99%	27.67%	28.56%
EBT Margin (%)	-112.35%	23.85%	47.26%	35.19%	15.76%	26.68%	25.38%	27.53%
Net margin (%)	-112.81%	12.27%	30.28%	34.85%	8.26%	12.78%	13.08%	14.31%
FCF margin (%)	2.09%	30.06%	25.85%	9.72%	7.9%	15.08%	11.96%	10.15%
FCF / Net Income (%)	-1.85%	244.91%	85.36%	27.88%	95.65%	117.99%	91.49%	70.96%
Profitability
ROA	-2.64%	7.47%	27.78%	9.85%	7.69%	6.1%	4.31%	3.22%
ROE	-50.37%	-	-	185.51%	33.55%	19.83%	15.72%	14.29%
Financial Health
Leverage (Debt/EBITDA)	3.88x	1.58x	0.76x	0.97x	0.92x	0.88x	0.87x	0.77x
Debt / Free cash flow	94.56x	3.02x	1.66x	6.41x	7.05x	3.43x	4.26x	4.35x
Capital Intensity
CAPEX / Current Assets (%)	30.13%	14.04%	14.89%	28.48%	29.28%	27.88%	30.91%	29.37%
CAPEX / EBITDA (%)	59.22%	24.34%	26.43%	44.23%	48.18%	47.37%	52.89%	50.86%
CAPEX / FCF (%)	1,442.22%	46.71%	57.62%	293.09%	370.74%	184.88%	258.32%	289.28%
Items per share
Cash flow per share ¹	3.672	9.323	14.84	10.13	10.25	10.56	10.09	10.29
Change	-	153.89%	59.22%	-31.78%	1.27%	2.95%	-4.47%	1.99%
Dividend per Share ¹	0.1	0.2375	0.75	1	1	1.002	1.014	1.052
Change	-	137.5%	215.79%	33.33%	0%	0.24%	1.13%	3.74%
Book Value Per Share ¹	-4.342	-4.597	1.356	8.746	14.45	17.3	19.26	21.81
Change	-	-5.88%	129.49%	545.07%	65.22%	19.73%	11.3%	13.27%
EPS ¹	-12.86	2.59	11.02	9.25	2.27	3.035	2.999	3.134
Change	-	120.14%	325.48%	-16.06%	-75.46%	33.68%	-1.17%	4.51%
Nbr of stocks (in thousands)	377,478	363,274	321,512	306,719	369,947	360,845	360,845	360,845
Announcement Date	2/24/21 A	2/21/22 A	2/23/23 A	2/21/24 A	2/26/25 A	-	-	-