APA Corporation's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-04. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $2,769 million (+30.9% vs a year earlier) |
| Diluted EPS (GAAP) | $2.00 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $1.94 |
| Full-year guidance | Stated (no change given) |
Guidance
No revenue or EPS guidance; APA expects 2026 U.S. oil production of 124,000 b/d and about $2.9 billion free cash flow, both raised.
Why this label: Raises cover U.S. oil production (operating metric) and free cash flow; capex/LOE/abandonment moved; no revenue/EPS/profit guide, so not 'raised'.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| U.S. oil production | FY2026 | 124,000 barrels per day | 120,000–122,000 barrels per day (initial guidance) |
| free cash flow (at current strip prices) | FY2026 | approximately $2.9 billion | not stated |
| lease operating expense | FY2026 | $1,525 million | not stated |
| abandonment and decommissioning expenditures | FY2026 | $285 million | not stated |
| Permian capital investment | FY2026 | +$30 million vs prior plan | not stated |
| upstream capital investment (preliminary budget) | FY2027 | $2.5 billion | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| upstream capital investment | Q4 2026 | approximately $525 million |
From the release
Revenue: "Total revenues · 2,769 · 2,115"
Earnings per share: "APA reported net income attributable to common stock of $698 million, or $2.00 per diluted share. When adjusted for certain items that impact the comparability of results, APA’s third-quarter earnings totaled $676 million, or $1.94 per diluted share."
U.S. oil production: "supporting an increase in full-year U.S. oil production to 124,000 barrels per day, above the company’s initial guidance of 120,000 to 122,000 barrels per day."
free cash flow (at current strip prices): "At current strip prices, APA expects to generate approximately $2.9 billion of free cash flow in 2026, an increase of $600 million from its August update."
lease operating expense: "Lease operating expense guidance has been increased $25 million to $1,525 million to reflect higher stock-based compensation expense allocated to LOE."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Raised 2026 free cash flow outlook by $600 million to about $2.9 billion.
Source
APA Corporation earnings release (SEC filing), accession 0001841666-26-000063, filed 2026-11-04.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.