Did APA Corp (APA) Just Deliver a Q2 Earnings Beat with EPS of $1.89? GF Score: 65/100 and 34.9% Overvalued

APA Corp reported strong Q2 2026 earnings, with adjusted EPS of $1.89 surpassing analyst estimates and net income up 24% year-over-year. The company achieved significant free cash flow, reduced debt by $752 million, and raised its full-year U.S. oil production outlook. Despite these operational successes and a GF Score of 65/100, GuruFocus identifies APA as 34.9% overvalued, suggesting caution for potential investors.