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APA logoAPA Corporation(APA)Earnings, Financials & Key Ratios

APA•NASDAQ
$38.30
$13.54B mkt cap·9.6× P/E·Price updated May 6, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryLarge diversified global upstream producers
AboutAPA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. APA Corporation was founded in 1954 and is based in Houston, Texas.Show more
  • Revenue$8.92B-8.4%
  • EBITDA$5.28B-3.4%
  • Net Income$1.43B+78.4%
  • EPS (Diluted)3.99+75.0%
  • Gross Margin37.32%-15.5%
  • EBITDA Margin59.2%+5.5%
  • Operating Margin30.83%-6.2%
  • Net Margin16.08%+94.7%
  • ROE21.46%+34.2%
  • ROIC17.78%-22.9%
  • Debt/Equity0.69-29.1%
  • Interest Coverage25.70+410.5%
Analysis→Technical→

APA Key Insights

APA Corporation (APA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 50.3%
  • ✓FCF machine: 19.9% free cash flow margin
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 15.0%
  • ✓Healthy dividend yield of 2.6%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

APA Price & Volume

APA Corporation (APA) stock price & volume — 10-year historical chart

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APA Growth Metrics

APA Corporation (APA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.4%
5 Years15%
3 Years-6.96%
TTM-8.39%

Profit CAGR

10 Years-
5 Years-
3 Years-26.92%
TTM78.36%

EPS CAGR

10 Years-
5 Years-
3 Years-28.73%
TTM76.11%

Return on Capital

10 Years15.58%
5 Years27.79%
3 Years22.57%
Last Year16.74%

APA Recent Earnings

APA Corporation (APA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 25, 2026
EPS
$0.91
Est $0.64
+41.3%
Revenue
$2.0B
Est $1.8B
+12.1%
Q4 2025
Nov 5, 2025
EPS
$0.93
Est $0.79
+17.3%
Revenue
$2.1B
Est $2.1B
+2.7%
Q3 2025
Aug 6, 2025
EPS
$0.87
Est $0.45
+93.3%
Revenue
$2.2B
Est $2.1B
+5.6%
Q2 2025
May 7, 2025
EPS
$1.06
Est $0.83
+27.7%
Revenue
$2.6B
Est $2.2B
+20.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$0.91vs $0.64+41.3%
$2.0Bvs $1.8B+12.1%
Q4 2025Nov 5, 2025
$0.93vs $0.79+17.3%
$2.1Bvs $2.1B+2.7%
Q3 2025Aug 6, 2025
$0.87vs $0.45+93.3%
$2.2Bvs $2.1B+5.6%
Q2 2025May 7, 2025
$1.06vs $0.83+27.7%
$2.6Bvs $2.2B+20.0%
Based on last 12 quarters of dataView full earnings history →

APA Peer Comparison

APA Corporation (APA) competitors in Large diversified global upstream producers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DVN logoDVNDevon Energy CorporationDirect Competitor28.96B46.6011.1010.01%17.55%18.6%0.57
COP logoCOPConocoPhillipsDirect Competitor144.92B118.9018.727.51%12.56%11.29%0.36
OVV logoOVVOvintiv Inc.Direct Competitor15.17B59.9012.53-4.55%14.13%11.09%0.67
CTRA logoCTRACoterra Energy Inc.Direct Competitor24.72B32.5514.47-49.62%25.71%11.26%0.27
PR logoPRPermian Resources CorporationDirect Competitor17.56B21.2116.571.29%17.61%5.77%0.32
FANG logoFANGDiamondback Energy, Inc.Product Competitor54.88B195.1034.0536.31%2.65%0.93%0.34
EOG logoEOGEOG Resources, Inc.Product Competitor72.16B134.6914.78-3.47%23.41%18.28%0.28
SM logoSMSM Energy CompanyProduct Competitor3.28B28.555.0618.07%20.55%14%0.48

Compare APA vs Peers

APA Corporation (APA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DVN

Most directly comparable listed peer for APA.

Scale Benchmark

vs XOM

Larger-name benchmark to compare APA against a more recognizable public peer.

Peer Set

Compare Top 5

vs DVN, COP, OVV, CTRA

APA Income Statement

APA Corporation (APA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue5.89B7.35B6.49B4.43B7.99B11.07B8.28B9.74B8.92B
Revenue Growth %9.69%24.82%-11.66%-31.67%80.05%38.7%-25.25%17.61%-8.39%
Cost of Goods Sold3.86B4.19B4.58B3.53B4.45B4.82B4.05B5.43B5.59B
COGS % of Revenue65.55%57.05%70.48%79.59%55.67%43.52%48.94%55.82%62.68%
Gross Profit
2.03B▲ 0%
3.16B▲ 55.6%
1.92B▼ 39.3%
905M▼ 52.8%
3.54B▲ 291.2%
6.25B▲ 76.7%
4.23B▼ 32.4%
4.3B▲ 1.8%
3.33B▼ 22.6%
Gross Margin %34.45%42.95%29.52%20.41%44.33%56.48%51.06%44.18%37.32%
Gross Profit Growth %92.23%55.62%-39.29%-52.77%291.16%76.69%-32.42%1.77%-22.62%
Operating Expenses1.32B1.19B1.47B732M848M1.17B869M1.1B579M
OpEx % of Revenue22.35%16.15%22.66%16.51%10.62%10.59%10.5%11.33%6.49%
Selling, General & Admin395M431M406M290M376M483M351M372M350M
SG&A % of Revenue6.71%5.87%6.25%6.54%4.71%4.36%4.24%3.82%3.92%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses921M756M1.06B442M472M690M518M731M229M
Operating Income
712M▲ 0%
1.97B▲ 176.5%
445M▼ 77.4%
173M▼ 61.1%
2.69B▲ 1456.1%
5.08B▲ 88.8%
3.36B▼ 33.9%
3.2B▼ 4.7%
2.75B▼ 14.0%
Operating Margin %12.09%26.8%6.86%3.9%33.71%45.89%40.56%32.85%30.83%
Operating Income Growth %594.44%176.54%-77.4%-61.12%1456.07%88.78%-33.92%-4.74%-14.04%
EBITDA3.55B4.37B3.13B1.95B4.05B6.64B4.9B5.46B5.28B
EBITDA Margin %60.32%59.53%48.14%43.86%50.75%59.95%59.16%56.13%59.2%
EBITDA Growth %19.04%23.18%-28.56%-37.76%108.33%63.84%-26.22%11.58%-3.37%
D&A (Non-Cash Add-back)2.84B2.4B2.68B1.77B1.36B1.56B1.54B2.27B2.53B
EBIT1.33B1.35B-2.62B-4.41B2.3B6.06B3.21B1.91B2.9B
Net Interest Income-396M-384M-387M-427M-410M-312M-321M-367M-113M
Interest Income19M22M13M7M8M10M10M12M0
Interest Expense415M406M400M434M418M322M331M379M113M
Other Income/Expense206M-1.01B-3.45B-5.01B-801M652M-475M-1.66B41M
Pretax Income
918M▲ 0%
958M▲ 4.4%
-3.01B▼ 414.0%
-4.84B▼ 60.9%
1.89B▲ 139.1%
5.73B▲ 203.2%
2.88B▼ 49.7%
1.53B▼ 46.8%
2.79B▲ 81.8%
Pretax Margin %15.59%13.04%-46.34%-109.13%23.68%51.77%34.82%15.76%31.29%
Income Tax-585M672M674M64M578M1.65B-324M417M1.1B
Effective Tax Rate %-63.73%70.15%-22.41%-1.32%30.57%28.81%-11.24%27.17%39.38%
Net Income
1.3B▲ 0%
40M▼ 96.9%
-3.52B▼ 8887.5%
-4.78B▼ 36.1%
1.14B▲ 123.7%
3.67B▲ 223.7%
2.85B▼ 22.3%
804M▼ 71.8%
1.43B▲ 78.4%
Net Margin %22.15%0.54%-54.15%-107.87%14.21%33.17%34.48%8.26%16.08%
Net Income Growth %192.81%-96.93%-8887.5%-36.1%123.72%223.7%-22.29%-71.84%78.36%
Net Income (Continuing)1.5B286M-3.68B-4.9B1.31B4.08B3.21B1.12B1.69B
Discontinued Operations000000000
Minority Interest1.38B1.68B1.21B994M878M922M1.04B1.08B910M
EPS (Diluted)
3.41▲ 0%
0.10▼ 97.1%
-9.43▼ 9530.0%
-12.86▼ 36.4%
2.59▲ 120.1%
11.02▲ 325.5%
9.25▼ 16.1%
2.28▼ 75.4%
3.99▲ 75.0%
EPS Growth %191.91%-97.07%-9530%-36.37%120.14%325.48%-16.06%-75.35%75%
EPS (Basic)3.420.10-9.43-12.862.6011.079.272.283.99
Diluted Shares Outstanding383M384M377M378M375M333M309M353M359M
Basic Shares Outstanding381M382M377M378M374M332M308M353M359M
Dividend Payout Ratio29.14%955%--4.58%5.63%10.79%43.91%25.1%

APA Balance Sheet

APA Corporation (APA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets3.73B2.69B1.96B1.85B2.38B2.71B2.46B3.4B2.12B
Cash & Short-Term Investments1.67B714M247M262M302M245M87M625M516M
Cash Only1.67B714M247M262M302M245M87M625M516M
Short-Term Investments000000000
Accounts Receivable1.34B1.19B1.06B908M1.39B1.47B1.61B1.96B1.06B
Days Sales Outstanding83.3959.3159.7274.7363.7248.3270.9873.4343.46
Inventory368M401M502M492M473M427M453M425M351M
Days Inventory Outstanding34.8134.9240.0550.8738.8432.3440.8128.5422.91
Other Current Assets0000156M481M224M211M99M
Total Non-Current Assets18.2B18.89B16.15B10.9B10.92B10.44B12.78B15.99B16.88B
Property, Plant & Equipment17.76B18.42B14.16B8.82B8.34B9.01B10.04B12.65B12.75B
Fixed Asset Turnover0.33x0.40x0.46x0.50x0.96x1.23x0.82x0.77x0.70x
Goodwill0087M000000
Intangible Assets000000000
Long-Term Investments0121M1.26B1.55B1.36B624M437M021M
Other Non-Current Assets438M353M643M526M1.22B764M549M637M543M
Total Assets
21.92B▲ 0%
21.58B▼ 1.6%
18.11B▼ 16.1%
12.75B▼ 29.6%
13.3B▲ 4.4%
13.15B▼ 1.2%
15.24B▲ 16.0%
19.39B▲ 27.2%
19B▼ 2.0%
Asset Turnover0.27x0.34x0.36x0.35x0.60x0.84x0.54x0.50x0.47x
Asset Growth %-2.65%-1.55%-16.1%-29.61%4.37%-1.17%15.95%27.2%-2.02%
Total Current Liabilities2.56B2.2B1.85B1.31B2.12B2.92B2.4B2.96B2.57B
Accounts Payable641M709M695M444M731M771M658M1.22B871M
Days Payables Outstanding60.6361.7355.4545.9160.0358.3859.2782.256.86
Short-Term Debt550M150M11M2M215M2M2M53M310M
Deferred Revenue (Current)000000000
Other Current Liabilities239M214M154M323M601M1.31B864M582M1.01B
Current Ratio1.45x1.22x1.06x1.41x1.12x0.93x1.02x1.15x0.82x
Quick Ratio1.31x1.04x0.79x1.04x0.90x0.78x0.84x1.01x0.69x
Cash Conversion Cycle57.5732.4944.3279.6942.5422.2752.5119.789.51
Total Non-Current Liabilities10.57B10.57B11.79B12.08B11.9B8.89B9.15B10.07B9.42B
Long-Term Debt7.93B8.05B8.55B8.77B7.29B5.45B5.19B5.99B4.25B
Capital Lease Obligations00000000245M
Deferred Tax Liabilities545M391M346M215M148M314M371M14M1.24B
Other Non-Current Liabilities2.09B2.12B2.89B3.1B4.46B3.12B3.59B4.07B3.69B
Total Liabilities13.13B12.77B13.64B13.39B14.02B11.8B11.55B13.03B11.99B
Total Debt8.48B8.2B8.73B8.89B7.61B5.62B5.3B6.16B4.81B
Net Debt6.82B7.49B8.49B8.63B7.31B5.38B5.22B5.54B4.29B
Debt / Equity0.97x0.93x1.96x--4.18x1.44x0.97x0.69x
Debt / EBITDA2.39x1.88x2.80x4.57x1.88x0.85x1.08x1.13x0.91x
Net Debt / EBITDA1.92x1.71x2.72x4.43x1.80x0.81x1.07x1.01x0.81x
Interest Coverage3.21x3.34x-6.54x-10.17x5.50x18.81x9.70x5.03x25.70x
Total Equity
8.79B▲ 0%
8.81B▲ 0.2%
4.46B▼ 49.3%
-645M▼ 114.4%
-717M▼ 11.2%
1.34B▲ 287.6%
3.69B▲ 174.4%
6.36B▲ 72.4%
7B▲ 10.1%
Equity Growth %14.48%0.24%-49.33%-114.45%-11.16%287.59%174.42%72.37%10.08%
Book Value per Share22.9522.9511.84-1.71-1.914.0411.9418.0219.51
Total Shareholders' Equity7.42B7.13B3.25B-1.64B-1.59B423M2.65B5.28B6.09B
Common Stock259M260M261M262M262M262M263M307M308M
Retained Earnings-2.09B-2.05B-5.6B-10.46B-9.49B-5.81B-2.96B-2.15B-721M
Treasury Stock-2.89B-3.19B-3.19B-3.19B-4.04B-5.46B-5.79B-6.04B-6.32B
Accumulated OCI4M4M16M14M22M14M15M12M10M
Minority Interest1.38B1.68B1.21B994M878M922M1.04B1.08B910M

APA Cash Flow Statement

APA Corporation (APA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations2.43B3.78B2.87B1.39B3.5B4.94B3.13B3.62B4.54B
Operating CF Margin %41.24%51.4%44.17%31.3%43.78%44.63%37.79%37.18%50.95%
Operating CF Growth %-0.08%55.56%-24.09%-51.59%151.87%41.39%-36.7%15.69%25.55%
Net Income1.5B286M-3.68B-4.9B1.31B4.08B3.21B1.12B1.43B
Depreciation & Amortization00001.36B1.23B1.54B2.27B2.53B
Stock-Based Compensation000000000
Deferred Taxes-1.18B-222M14M-112M-74M145M-1.66B-736M360M
Other Non-Cash Items2.42B3.47B6.54B6.59B860M-638M461M1.51B-72M
Working Capital Changes-320M245M-3M-186M37M121M-417M-535M292M
Change in Receivables-270M150M133M149M-386M-93M-157M-104M850M
Change in Inventory32M-6M-41M19M-9M-1M13M-11M7M
Change in Payables63M77M-5M-167M245M-4M-84M81M-365M
Cash from Investing-1.42B-3.94B-3.45B-1.47B-833M-1.51B-2.14B-924M-2.15B
Capital Expenditures-2.76B-3.9B-2.96B-1.27B-1.11B-2.4B-2.36B-2.91B-2.77B
CapEx % of Revenue46.88%53.13%45.62%28.73%13.9%21.65%28.47%29.9%31.01%
Acquisitions0-91M-1.17B-327M0-143M5M0611M
Investments---------
Other Investing1.34B51M687M135M277M806M-14M1.99B2M
Cash from Financing-721M-787M112M93M-2.62B-3.49B-1.15B-2.16B-2.5B
Debt Issued (Net)-70M-378M235M373M-1.4B-1.47B-259M-1.25B-1.4B
Equity Issued (Net)0-305M2M1M-847M-1.42B-329M-246M-280M
Dividends Paid-380M-382M-376M-146M-52M-207M-308M-353M-360M
Share Repurchases0-305M00-847M-1.42B-329M-246M-280M
Other Financing-271M278M251M-135M-321M-390M-253M-306M-458M
Net Change in Cash
291M▲ 0%
-954M▼ 427.8%
-467M▲ 51.0%
15M▲ 103.2%
40M▲ 166.7%
-57M▼ 242.5%
-158M▼ 177.2%
538M▲ 440.5%
-109M▼ 120.3%
Free Cash Flow
-332M▲ 0%
-127M▲ 61.7%
-94M▲ 26.0%
114M▲ 221.3%
2.39B▲ 1993.0%
2.54B▲ 6.7%
772M▼ 69.7%
769M▼ 0.4%
1.78B▲ 131.3%
FCF Margin %-5.64%-1.73%-1.45%2.57%29.88%22.98%9.32%7.9%19.94%
FCF Growth %-169.02%61.75%25.98%221.28%1992.98%6.66%-69.67%-0.39%131.34%
FCF per Share-0.87-0.33-0.250.306.367.642.502.184.96
FCF Conversion (FCF/Net Income)1.86x94.43x-0.82x-0.29x3.08x1.35x1.10x4.50x3.17x
Interest Paid405M402M394M419M442M322M322M372M0
Taxes Paid516M867M649M212M633M1.43B1.27B1.1B0

APA Key Ratios

APA Corporation (APA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-16.37%15.83%0.45%-52.95%-250.47%-1170.06%113.38%16%21.46%
Return on Invested Capital (ROIC)-0.68%3.51%9.26%2.28%1.24%27.71%57.27%32.23%23.06%17.78%
Gross Margin19.66%34.45%42.95%29.52%20.41%44.33%56.48%51.06%44.18%37.32%
Net Margin-26.18%22.15%0.54%-54.15%-107.87%14.21%33.17%34.48%8.26%16.08%
Debt / Equity1.11x0.97x0.93x1.96x--4.18x1.44x0.97x0.69x
Interest Coverage-2.97x3.21x3.34x-6.54x-10.17x5.50x18.81x9.70x5.03x25.70x
FCF Conversion-1.73x1.86x94.43x-0.82x-0.29x3.08x1.35x1.10x4.50x3.17x
Revenue Growth-15.92%9.69%24.82%-11.66%-31.67%80.05%38.7%-25.25%17.61%-8.39%

APA SEC Filings & Documents

APA Corporation (APA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Apr 14, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

APA Frequently Asked Questions

APA Corporation (APA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

APA Corporation (APA) reported $8.92B in revenue for fiscal year 2025. This represents a 814% increase from $976.0M in 1996.

APA Corporation (APA) saw revenue decline by 8.4% over the past year.

Yes, APA Corporation (APA) is profitable, generating $1.43B in net income for fiscal year 2025 (16.1% net margin).

Dividend & Returns

Yes, APA Corporation (APA) pays a dividend with a yield of 2.62%. This makes it attractive for income-focused investors.

APA Corporation (APA) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.

APA Corporation (APA) generated $1.78B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More APA

APA Corporation (APA) financial analysis — history, returns, DCA and operating performance tools

Full APA Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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