APA Corporation (APA) combines strong near-term cash returns with long-term growth, underpinned by diversified production and a low-leverage balance sheet. The GranMorgu project in Suriname is expected to increase production by 20% and free cash flow by over 30%, with favorable carried interest terms reducing upfront CapEx. APA offers a dividend yield above 4%, with 60% of free cash flow returned to shareholders (with repurchases) and a clear plan to reduce net debt to $3 billion.








