Forensic Analysis · Energy / Oil & Gas · as of Aug 10, 2026

Apa Corp (APA)

A forensic read on Apa Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Grey Zone

Financial health

2.1

Distress distance

Clean

Earnings quality

Forensic signals

8.4

P / E (ttm)

23.5%

ROE

$14.3B

Market cap

2.74%

Dividend yield

-17.4%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Apa Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 2.1, placing it in the Grey zone. 1 forensic signal was flagged in its latest SEC filings, led by share-count dilution.

What the filings flag

+2.5%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +8% over the last 3 years to FY2025 (+2.5%/yr). A change of direction: the count shrank over the full period (net -1.1%/yr since FY2021) but has grown across the recent window, so the two figures point opposite ways — read the recent window on totals versus per-share, since the full-period rate no longer describes what the count is doing now. That's ~2.5% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~7%.

Key fundamentals

Return on Equity23.5%

Debt / Equity0.74x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Apa Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Aug 10, 2026. Forensic signals flag probability, not certainty.