APA Corporation Posts Q3 2026 EPS of $2.00, Raises Full-Year Free Cash Flow Outlook to $2.9B
· The NYC Memo
APA Corporation reported Q3 2026 net income attributable to common stock of $698 million, or $2.00 per diluted share (GAAP), on total revenues of $2.769 billion, up 30.9% from $2.115 billion in Q3 2025. Adjusted earnings were $676 million, or $1.94 per diluted share, with free cash flow of $699 million and adjusted EBITDAX of $1.857 billion.
The company raised its full-year 2026 free cash flow outlook to approximately $2.9 billion, established a preliminary 2027 upstream capital budget of $2.5 billion, and lowered its net debt target to $2 billion, having repaid $2.8 billion of total debt since year-end 2024.