APA Corporation
APA Corporation Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
1 of 3 strong
The short version
- Suriname GranMorgu project is on track for first oil in mid-2028 and expected to drive significant organic oil production and free cash flow growth long-term (Page 10, Page 2). - APA Corporation expects continued free cash flow generation in 2026, targeting approximately $2.2 billion for the full year.
From APA Corporation's Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Suriname GranMorgu project is on track for first oil in mid-2028 and expected to drive significant organic oil production and free cash flow growth long-term (Page 10, Page 2).
- Sustained production volumes are anticipated across the Permian and Egypt over the next several years, providing a durable foundation for free cash flow generation (Page 10, Page 2).
- In Egypt, despite a slight annual decline in oil volumes (~2.5-3%), gas development activity is expanding, contributing to stable overall production (Page 9, Page 2).
2 more points from APA Corporation's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what APA Corporation said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Upstream capital guidance remains unchanged at $2.1 billion for the full year, with approximately 55% of this spending expected in the first half, mainly in the U.S.
- Exploration spend for the current year is around $70 million: $20 million for Alaska ice roads and $50 million for Suriname.
- Exploration activity is set to increase in 2027, notably in Suriname and Alaska, including drilling exploration and appraisal wells.
- Suriname GranMorgu project remains on track for first oil in mid-2028, expected to drive organic oil production and free cash flow growth.
2 more points from APA Corporation's call on capex
Pro opens every point from 15K+ earnings calls
Fundraising & Capital Structure
See what APA Corporation said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Continue your research
Others in Oil, Gas and Consumable Fuels this season
- HF Sinclair Corporation (Q2 FY26)
HF Sinclair Corporation Q2 FY26 quarterly results analysis. Volume growth: The company is growing volume, having seen over 10% year-over-year volume growth in m
- DT Midstream, Inc. (Q2 FY26)
DT Midstream, Inc. Q2 FY26 quarterly results analysis. Strong market demand and oversubscription signal robust future growth, particularly on the Midwestern and
- Ovintiv Inc. (Q2 FY26)
Ovintiv Inc. Q2 FY26 quarterly results analysis. The company plans a "stay flat" program for production volume in both the Permian and Montney regions for 2026,
- Viper Energy, Inc. (Q2 FY26)
Viper Energy, Inc. Q2 FY26 quarterly results analysis. Production is expected to grow organically by over 5% relative to the pro forma 2025 exit rate, driven pr
Arthneeti Pro · Annual
APA Corporation and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were APA Corporation Q2 FY26 results?
- Suriname GranMorgu project is on track for first oil in mid-2028 and expected to drive significant organic oil production and free cash flow growth long-term (Page 10, Page 2). - APA Corporation expects continued free cash flow generation in 2026, targeting approximately $2.2 billion for the full year.
What is APA Corporation share price analysis?
APA Corporation currently shows a neutral. The stock trades at a P/E of 8.7 with a market cap of $12,912. Investors should review the full earnings analysis for detailed insights.
Is APA Corporation planning capital expenditure?
- Upstream capital guidance remains unchanged at $2.1 billion for the full year, with approximately 55% of this spending expected in the first half, mainly in the U.S.
Keep APA Corporation on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.