APA Management

Management criteria checks 3/4

APA's CEO is John Christmann, appointed in Jan 2015, has a tenure of 9.92 years. total yearly compensation is $13.76M, comprised of 9.4% salary and 90.6% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth MX$361.67M. The average tenure of the management team and the board of directors is 4.8 years and 3.8 years respectively.

Key information

John Christmann

Chief executive officer

US$13.8m

Total compensation

CEO salary percentage	9.4%
CEO tenure	9.9yrs
CEO ownership	0.2%
Management average tenure	4.8yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Christmann's remuneration changed compared to APA's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$14m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$14m	US$1m	US$4b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$15m	US$1m	US$973m
Sep 30 2021	n/a	n/a	US$601m
Jun 30 2021	n/a	n/a	US$710m
Mar 31 2021	n/a	n/a	US$8m
Dec 31 2020	US$14m	US$1m	-US$5b
Sep 30 2020	n/a	n/a	-US$8b
Jun 30 2020	n/a	n/a	-US$8b
Mar 31 2020	n/a	n/a	-US$8b
Dec 31 2019	US$14m	US$1m	-US$4b
Sep 30 2019	n/a	n/a	-US$958m
Jun 30 2019	n/a	n/a	-US$707m
Mar 31 2019	n/a	n/a	-US$152m
Dec 31 2018	US$15m	US$1m	US$40m
Sep 30 2018	n/a	n/a	US$877m
Jun 30 2018	n/a	n/a	US$859m
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$14m	US$1m	US$1b

Compensation vs Market: John's total compensation ($USD13.76M) is above average for companies of similar size in the MX market ($USD2.32M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Christmann (57 yo)

9.9yrs

Tenure

US$13,763,441

Compensation

Mr. John J. Christmann, IV, has been the Chief Executive Officer and Director of APA Corporation since January 20, 2015 and has been its President as well as served as its Executive Vice President and Chie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Christmann	CEO & Director	9.9yrs	US$13.76m	0.22% MX$ 361.7m
Stephen Riney	President & CFO	9.8yrs	US$6.68m	0.073% MX$ 121.5m
David Bretches	Executive Vice President of Operations	4.9yrs	US$4.91m	0.014% MX$ 23.5m
Tracey Henderson	Executive Vice President of Exploration	3.7yrs	US$4.17m	0.0081% MX$ 13.4m
Rebecca Hoyt	Senior VP	18.1yrs	no data	0.030% MX$ 49.8m
Travis Osborne	VP & Chief Information Officer	1.9yrs	no data	no data
Mark Maddox	Executive Vice President of Administration	4.9yrs	no data	0.017% MX$ 27.9m
Gary Clark	Vice President of Investor Relations	10.3yrs	no data	no data
David Bernal	Vice President & Acting General Counsel	less than a year	no data	no data
Castlen Kennedy	Senior Vice President of Corporate Affairs & Marketing	less than a year	no data	no data
Scott Grandt	Senior Vice President of Corporate Development	1.5yrs	no data	no data
Brandy Jones	Vice President of Human Resources	4.7yrs	no data	no data

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: APA *'s management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Christmann	CEO & Director	9.9yrs	US$13.76m	0.22% MX$ 361.7m
David Stover	Independent Director	2.8yrs	US$299.93k	0% MX$ 0
Kenneth Fisher	Director	less than a year	no data	no data
Annell Bay	Independent Director	10.6yrs	US$324.93k	0% MX$ 0
Juliet Ellis	Independent Director	5.6yrs	US$329.93k	0.0034% MX$ 5.6m
Chansoo Joung	Independent Director	13.8yrs	US$329.93k	0.018% MX$ 29.3m
Peter Ragauss	Independent Director	10yrs	US$314.93k	0% MX$ 0
H. McKay	Independent Chairman of the Board	3.8yrs	US$499.86k	0% MX$ 0
Matthew Bob	Independent Director	less than a year	no data	0.0080% MX$ 13.3m
Anya Weaving	Independent Director	less than a year	no data	no data
Charles Hooper	Independent Director	2.8yrs	US$304.45k	0% MX$ 0

3.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: APA *'s board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 12:33
End of Day Share Price	2024/12/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

APA Corporation is covered by 69 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Finbarr MacCarthy	Atlantic Equities LLP
Ishan Majumdar	Baptista Research

APA Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought Mex$2.0m worth of stock

High number of new directors

APA Corporation Appoints Kenneth Fisher to its Board of Directors

APA Corporation Announces Executive Changes

APA Corporation, Annual General Meeting, May 23, 2024

APA Corporation Announces Updates to Executive Leadership

Recent updates

Third quarter dividend of US$0.25 announced

Independent Director recently bought Mex$2.0m worth of stock

APA Corporation Declares Cash Dividend on Common Shares, Payable on February 21, 2025

Third quarter 2024 earnings released: US$0.60 loss per share (vs US$1.49 profit in 3Q 2023)

Now 25% overvalued

High number of new directors

APA Corporation Appoints Kenneth Fisher to its Board of Directors

APA Corporation Announces Executive Changes

Upcoming dividend of US$0.25 per share

Second quarter dividend of US$0.25 announced

Apa Corporation Declares Cash Dividend on Common Shares, Payable Nov. 22, 2024

An undisclosed buyer agreed to acquire Non-Core Producing Properties in the Permian Basin from APA Corporation (NasdaqGS:APA) for $950 million.

Investor sentiment deteriorates as stock falls 16%

APA Reportedly Explores $1 Billion Sale of Permian Assets

Second quarter 2024 earnings released: EPS: US$1.46 (vs US$1.24 in 2Q 2023)

Upcoming dividend of US$0.25 per share

APA Corporation(NasdaqGS:APA) dropped from Russell 2500 Growth Index

Now 20% undervalued after recent price drop

Apache Corporation and APA Corporation Announce Proposed Settlement of the Action with Plymouth County Retirement Association and the Trustees of the Teamsters Union No. 142 Pension Fund

Now 22% undervalued after recent price drop

Now 25% undervalued after recent price drop

First quarter dividend of US$0.25 announced

APA Corporation Declares Cash Dividend on Common Shares, Payable August 22, 2024

First quarter 2024 earnings released: EPS: US$0.44 (vs US$0.78 in 1Q 2023)

APA Corporation, Annual General Meeting, May 23, 2024

Upcoming dividend of US$0.25 per share

APA Corporation Announces Updates to Executive Leadership

New minor risk - Shareholder dilution

APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors

APA Corporation (NasdaqGS:APA) completed the acquisition of Callon Petroleum Company (NYSE:CPE).

Full year 2023 earnings released: EPS: US$9.27 (vs US$11.07 in FY 2022)

Dividend of US$0.25 announced

APA Corporation Declares Cash Dividend on Common Shares, Payable on May 22, 2024

Upcoming dividend of US$0.25 per share at 3.1% yield

Apa Corporation Promotes Stephen J. Riney as President

APA Corporation (NasdaqGS:APA) entered into a definitive agreement to acquire Callon Petroleum Company (NYSE:CPE) for $2.6 billion.

APA Corporation (NasdaqGS:APA) entered into a definitive agreement to acquire Callon Petroleum Company (NYSE:CPE) for $2.6 billion.

APA Corporation Declares Regular Cash Dividend on Common Shares, Payable on February 22, 2024

Apache Corporation and Paramount Resources Ltd Announces Settlement Approval in Apache Canada Employee Awards Class Action

Third quarter 2023 earnings released: EPS: US$1.49 (vs US$1.28 in 3Q 2022)

APA Corporation Provides Production Guidance for the Fourth Quarter of 2023

Upcoming dividend of US$0.25 per share at 2.5% yield

APA Corporation Declares Cash Dividend on Common Shares, Payable on November 22, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$1.24 (vs US$2.72 in 2Q 2022)

Upcoming dividend of US$0.25 per share at 2.7% yield

APA Corporation Announces Appointment of Scott Grandt as Senior Vice President, Corporate Development

APA Corporation Declares Regular Cash Dividend, Payable on August 22, 2023

First quarter 2023 earnings released: EPS: US$0.78 (vs US$5.43 in 1Q 2022)

Upcoming dividend of US$0.25 per share at 2.5% yield

Full year 2022 earnings released: EPS: US$11.07 (vs US$2.60 in FY 2021)

APA Corporation Announces Second Successful Flow Test At Sapakara South

APA Corporation Declares Cash Dividend on Common Shares, Payable May 22, 2023

Upcoming dividend of US$0.25 per share

APA Corporation Declares Cash Dividend, Payable on February 22, 2023

APA Corporation Provides Update on Block 58 Appraisal and Exploration Activities

Third quarter 2022 earnings released: EPS: US$1.28 (vs US$0.30 loss in 3Q 2021)

Upcoming dividend of US$0.25 per share

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

APA Corporation Declares Cash Dividend, Payable on November 22, 2022

APA Corporation Announces First Discovery in Block 53 Offshore Suriname; Provides Update on Block 58 Operations

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$2.72 (vs US$0.84 in 2Q 2021)

APA Corporation (NasdaqGS:APA) completed the acquisition of Texas Delaware Basin Properties.

Now 22% undervalued after recent price drop

APA Corporation Provides Production Guidance for the Second Quarter of 2022

APA Corporation Provides Production Guidance for the Second Quarter of 2022

APA Corporation Announces Board Changes