APA Corporation (APA) earnings on August 5, 2026
Prior outlook: No statistical edge
The stock rose 5.2% after the company's quarterly profit beat expectations, even though sales came in slightly below forecasts.
APA price around the earnings
36.53
Change: +5.4%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
34.50
35.23
35.96
36.69
34.66
August 5, 2026
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
- Results released
Strong historical earnings beats and 30d trend strength are offset by recent analyst price target cuts and elevated expectations.
Context analyzed before publication
- Trend
- Trajectory collapsed from +27.6 to +12.9; PT cuts continue despite strong trend strength and perfect earnings history.
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.68
- Analysts covering the stock
- 24
- Average price target
- 41.63
- Lowest price target
- 31
- Highest price target
- 62
- Upside to price target
- 20.2%
- Quarterly earnings growth
- 28.5%
- Revenue growth
- -11.9%
- Forward EPS
- 4.12
- Trailing EPS
- 4.29
- Analyst moves in the last 60 days
- 6
- Strong buy: 2
- Buy: 6
- Hold: 14
- Sell: 3
- Strong sell: 0
- Strong buy
- 2
- Buy
- 6
- Hold
- 14
- Sell
- 3
- Strong sell
- 0
- July 21, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- July 15, 2026 · UBS: Maintains rating (Neutral → Neutral)
- July 13, 2026 · Raymond James: Maintains rating (Outperform → Outperform)
- July 10, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- June 29, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
- June 22, 2026 · Roth Capital: Upgrades rating (Neutral → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (4)
- Susquehanna Maintains Positive on APA, Lowers Price Target to $45 (opens in a new tab) — Benzinga
- UBS Maintains Neutral on APA, Lowers Price Target to $41 (opens in a new tab) — Benzinga
- Raymond James Maintains Outperform on APA, Lowers Price Target to $50 (opens in a new tab) — Benzinga
- Truist Securities Maintains Hold on APA, Lowers Price Target to $38 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 35.8
- Average true range (ATR)
- 3.6%
- Distance to 52-week high
- -20.9%
- 14-day change (14d)
- +0.1%
- 30-day change (33d)
- +10.6%
- 30-day relative strength
- +7.1%
- SPY change (33d)
- +3.5%
- Nearest support
- 35.62
- Distance to nearest support
- 0.5%
- Nearest resistance
- 35.85
- Distance to nearest resistance
- 0.1%
- Volume accumulation ratio (14d / 46d)
- 0.98
- Mid: 35.61 (0.5% away, 0.14 ATR, 9 touches)
- Mid: 35.26 (1.5% away, 0.42 ATR, 17 touches)
- Mid: 34.93 (2.4% away, 0.68 ATR, 5 touches)
- Mid: 35.85 (0.1% away, 0.04 ATR, 10 touches)
- Mid: 36.17 (1% away, 0.29 ATR, 18 touches)
- Mid: 36.58 (2.2% away, 0.61 ATR, 15 touches)
Trends
Evidence
- Average earnings surprise
- +39.9%
- May 6, 2026: actual EPS 1.38 vs estimate 1.14 (surprise +20.9%)
- February 25, 2026: actual EPS 0.91 vs estimate 0.64 (surprise +41.7%)
- November 5, 2025: actual EPS 0.93 vs estimate 0.79 (surprise +17.6%)
- August 5, 2025: actual EPS 0.87 vs estimate 0.48 (surprise +79.5%)
Expected move
- Implied move
- +4.5%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 3.8%
- 75th percentile move
- 5.7%
- 90th percentile move
- 9.3%
- Up / down moves
- 10 / 10
- Average up move
- +3.5%
- Average down move
- -5.4%
Monitoring and close
What APA Corporation reported
- Status
- Finished
| Actual EPS | 1.89 |
|---|---|
| EPS estimate | 1.87 |
| EPS surprise | +1.1% |
| Revenue | $2,399 million |
| Revenue estimate | $2,465 million |
| Revenue surprise | -2.7% |
APA beat earnings expectations with $1.89 per share, but revenue of $2.399 billion missed estimates. The outlook is mixed.
Sources (2)
- APA beat earnings expectations with $1.89 per share, but its revenue of $2.399 billion fell short of estimates. — Benzinga
- APA Q2 Adj. EPS $1.89 Beats $1.87 Estimate, Sales $2.399B Miss $2.465B Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating +0.5% pre-market, a move below the stock's usual reaction (about 4%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.
How the stock reacted
- Consolidated
- +5.2%
- Max move
- +5.9%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.