Analysis for APA
- 📈 Growth — 22/30
- 💰 Profitability — 19/20
- 🏦 Financial Health — 16/20
- 💵 Valuation — 12/20
- ⚠️ Risk — 6/10
Overall Score: 73/100
Summary:
📈 Growth & Financial Trajectory
From 2024 Q3 to 2026 Q2, revenues edged down from $2.531B to $2.264B, while net income swung from −$139M to $747M. Operating income turned positive and margins expanded, with the latest quarter implying an operating margin near 56% (1.28B/2.264B).
💰 Margins & Cash Flow
Operating margin growth is driven by leverage on stable revenue. Net cash from operating activities rose to $1.706B in 2026 Q2; investing outlays were $591M and financing outflows were $964M, yielding a net cash flow of $151M. Free cash flow was positive in the period.
🛡️ Balance Sheet & Liquidity
Total assets about $17.9B–$18.0B; liabilities about $10.0B–$11.0B; equity about $6.0B–$7.9B. Current assets $2.28B vs current liabilities $2.41B in 2026 Q2 (near 1x). Cash flow strength supports liquidity.
⚠️ Key Drivers & Risks
- Drivers: Oil demand recovery and price environment; efficiency gains.
- Risks: Commodity volatility and cyclicality; capital allocation/valuation sensitivity.