APA Corp Shares Drop Amid Market Weakness and Production Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Source: Benzinga
APA Corporation's shares fell 10.21% to $37.09, hitting a 20-day low amid broader market gains in the S&P 500 and Nasdaq-100.
The decline is primarily attributed to APA's recent financial update, which revealed production cuts of approximately 88 MMcf/d of U.S. natural gas and 6,800 barrels per day of natural gas liquids due to weak Waha hub prices. Additionally, the company reported increased administrative expenses totaling $115 million, which may exert short-term pressure on profitability. Investors are reacting to these developments, despite the overall market strength.
This significant drop in APA's stock price reflects investor concerns over the company's ability to manage costs and revenue amidst challenging market conditions. The upcoming earnings call on May 7, 2026, will be crucial for investors seeking clarity on APA's financial outlook.
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Analyst Views on APA
Wall Street analysts forecast APA stock price to fall
19 Analyst Rating
4 Buy
10 Hold
5 Sell
Hold
Current: 36.430
Low
21.00
Averages
26.17
High
40.00
Current: 36.430
Low
21.00
Averages
26.17
High
40.00
About APA
APA Corporation is an independent energy company. The Company owns subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom, and that explore for oil and natural gas offshore Suriname. The Company's business has oil and gas operations in three geographic areas: the U.S., Egypt, and offshore the U.K. in the North Sea (North Sea). It also has active development, exploration and appraisal operations ongoing in Suriname, as well as exploration interests in Uruguay, Alaska, and other international locations. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests. In the United States, operations are primarily focused on the Permian Basin of West Texas. The Company has conventional onshore assets in Egypt's Western Desert, and offshore assets on the United Kingdom's Continental Shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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