APA Corporation is projected to report Q3 2026 revenue of $2.48 billion and adjusted EPS of $1.60, as the stock trades at $48.82 against an average analyst target of $47.18.
Investors are primarily watching for updates on the execution of the $10.5 billion GranMorgu development in Suriname, which recently received a final investment decision and targets first oil in 2028.
The quarterly performance is bolstered by a significant 10.5 million share repurchase program and high realized oil prices, which management recently estimated at $98.50 per barrel internationally. Analysts will also evaluate the sustainability of production levels in Egypt, where tax barrels are expected to average approximately 36,000 per day for the period.