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6May 6, 2026·SEC
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APA Corporation (APA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
APA Corporation (APA) stock price & volume — 10-year historical chart
APA Corporation (APA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
APA Corporation (APA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.91vs $0.64+41.3% | $2.0Bvs $1.8B+12.1% |
| Q4 2025 | Nov 5, 2025 | $0.93vs $0.79+17.3% | $2.1Bvs $2.1B+2.7% |
| Q3 2025 | Aug 6, 2025 | $0.87vs $0.45+93.3% | $2.2Bvs $2.1B+5.6% |
| Q2 2025 | May 7, 2025 | $1.06vs $0.83+27.7% | $2.6Bvs $2.2B+20.0% |
APA Corporation (APA) competitors in Large diversified global upstream producers — business model, growth, and fundamentals comparison
APA Corporation (APA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
APA Corporation (APA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.89B | 7.35B | 6.49B | 4.43B | 7.99B | 11.07B | 8.28B | 9.74B | 8.92B |
| Revenue Growth % | 9.69% | 24.82% | -11.66% | -31.67% | 80.05% | 38.7% | -25.25% | 17.61% | -8.39% |
| Cost of Goods Sold | 3.86B | 4.19B | 4.58B | 3.53B | 4.45B | 4.82B | 4.05B | 5.43B | 5.59B |
| COGS % of Revenue | 65.55% | 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 Expenses | 1.32B | 1.19B | 1.47B | 732M | 848M | 1.17B | 869M | 1.1B | 579M |
| OpEx % of Revenue | 22.35% | 16.15% | 22.66% | 16.51% | 10.62% | 10.59% | 10.5% | 11.33% | 6.49% |
| Selling, General & Admin | 395M | 431M | 406M | 290M | 376M | 483M | 351M | 372M | 350M |
| SG&A % of Revenue | 6.71% | 5.87% | 6.25% | 6.54% | 4.71% | 4.36% | 4.24% | 3.82% | 3.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 921M | 756M | 1.06B | 442M | 472M | 690M | 518M | 731M | 229M |
| 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% |
| EBITDA | 3.55B | 4.37B | 3.13B | 1.95B | 4.05B | 6.64B | 4.9B | 5.46B | 5.28B |
| 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) | 2.84B | 2.4B | 2.68B | 1.77B | 1.36B | 1.56B | 1.54B | 2.27B | 2.53B |
| EBIT | 1.33B | 1.35B | -2.62B | -4.41B | 2.3B | 6.06B | 3.21B | 1.91B | 2.9B |
| Net Interest Income | -396M | -384M | -387M | -427M | -410M | -312M | -321M | -367M | -113M |
| Interest Income | 19M | 22M | 13M | 7M | 8M | 10M | 10M | 12M | 0 |
| Interest Expense | 415M | 406M | 400M | 434M | 418M | 322M | 331M | 379M | 113M |
| Other Income/Expense | 206M | -1.01B | -3.45B | -5.01B | -801M | 652M | -475M | -1.66B | 41M |
| 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 | -585M | 672M | 674M | 64M | 578M | 1.65B | -324M | 417M | 1.1B |
| 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) | 1.5B | 286M | -3.68B | -4.9B | 1.31B | 4.08B | 3.21B | 1.12B | 1.69B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.38B | 1.68B | 1.21B | 994M | 878M | 922M | 1.04B | 1.08B | 910M |
| 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) | 3.42 | 0.10 | -9.43 | -12.86 | 2.60 | 11.07 | 9.27 | 2.28 | 3.99 |
| Diluted Shares Outstanding | 383M | 384M | 377M | 378M | 375M | 333M | 309M | 353M | 359M |
| Basic Shares Outstanding | 381M | 382M | 377M | 378M | 374M | 332M | 308M | 353M | 359M |
| Dividend Payout Ratio | 29.14% | 955% | - | - | 4.58% | 5.63% | 10.79% | 43.91% | 25.1% |
APA Corporation (APA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 3.73B | 2.69B | 1.96B | 1.85B | 2.38B | 2.71B | 2.46B | 3.4B | 2.12B |
| Cash & Short-Term Investments | 1.67B | 714M | 247M | 262M | 302M | 245M | 87M | 625M | 516M |
| Cash Only | 1.67B | 714M | 247M | 262M | 302M | 245M | 87M | 625M | 516M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.34B | 1.19B | 1.06B | 908M | 1.39B | 1.47B | 1.61B | 1.96B | 1.06B |
| Days Sales Outstanding | 83.39 | 59.31 | 59.72 | 74.73 | 63.72 | 48.32 | 70.98 | 73.43 | 43.46 |
| Inventory | 368M | 401M | 502M | 492M | 473M | 427M | 453M | 425M | 351M |
| Days Inventory Outstanding | 34.81 | 34.92 | 40.05 | 50.87 | 38.84 | 32.34 | 40.81 | 28.54 | 22.91 |
| Other Current Assets | 0 | 0 | 0 | 0 | 156M | 481M | 224M | 211M | 99M |
| Total Non-Current Assets | 18.2B | 18.89B | 16.15B | 10.9B | 10.92B | 10.44B | 12.78B | 15.99B | 16.88B |
| Property, Plant & Equipment | 17.76B | 18.42B | 14.16B | 8.82B | 8.34B | 9.01B | 10.04B | 12.65B | 12.75B |
| Fixed Asset Turnover | 0.33x | 0.40x | 0.46x | 0.50x | 0.96x | 1.23x | 0.82x | 0.77x | 0.70x |
| Goodwill | 0 | 0 | 87M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 121M | 1.26B | 1.55B | 1.36B | 624M | 437M | 0 | 21M |
| Other Non-Current Assets | 438M | 353M | 643M | 526M | 1.22B | 764M | 549M | 637M | 543M |
| 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 Turnover | 0.27x | 0.34x | 0.36x | 0.35x | 0.60x | 0.84x | 0.54x | 0.50x | 0.47x |
| Asset Growth % | -2.65% | -1.55% | -16.1% | -29.61% | 4.37% | -1.17% | 15.95% | 27.2% | -2.02% |
| Total Current Liabilities | 2.56B | 2.2B | 1.85B | 1.31B | 2.12B | 2.92B | 2.4B | 2.96B | 2.57B |
| Accounts Payable | 641M | 709M | 695M | 444M | 731M | 771M | 658M | 1.22B | 871M |
| Days Payables Outstanding | 60.63 | 61.73 | 55.45 | 45.91 | 60.03 | 58.38 | 59.27 | 82.2 | 56.86 |
| Short-Term Debt | 550M | 150M | 11M | 2M | 215M | 2M | 2M | 53M | 310M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 239M | 214M | 154M | 323M | 601M | 1.31B | 864M | 582M | 1.01B |
| Current Ratio | 1.45x | 1.22x | 1.06x | 1.41x | 1.12x | 0.93x | 1.02x | 1.15x | 0.82x |
| Quick Ratio | 1.31x | 1.04x | 0.79x | 1.04x | 0.90x | 0.78x | 0.84x | 1.01x | 0.69x |
| Cash Conversion Cycle | 57.57 | 32.49 | 44.32 | 79.69 | 42.54 | 22.27 | 52.51 | 19.78 | 9.51 |
| Total Non-Current Liabilities | 10.57B | 10.57B | 11.79B | 12.08B | 11.9B | 8.89B | 9.15B | 10.07B | 9.42B |
| Long-Term Debt | 7.93B | 8.05B | 8.55B | 8.77B | 7.29B | 5.45B | 5.19B | 5.99B | 4.25B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 245M |
| Deferred Tax Liabilities | 545M | 391M | 346M | 215M | 148M | 314M | 371M | 14M | 1.24B |
| Other Non-Current Liabilities | 2.09B | 2.12B | 2.89B | 3.1B | 4.46B | 3.12B | 3.59B | 4.07B | 3.69B |
| Total Liabilities | 13.13B | 12.77B | 13.64B | 13.39B | 14.02B | 11.8B | 11.55B | 13.03B | 11.99B |
| Total Debt | 8.48B | 8.2B | 8.73B | 8.89B | 7.61B | 5.62B | 5.3B | 6.16B | 4.81B |
| Net Debt | 6.82B | 7.49B | 8.49B | 8.63B | 7.31B | 5.38B | 5.22B | 5.54B | 4.29B |
| Debt / Equity | 0.97x | 0.93x | 1.96x | - | - | 4.18x | 1.44x | 0.97x | 0.69x |
| Debt / EBITDA | 2.39x | 1.88x | 2.80x | 4.57x | 1.88x | 0.85x | 1.08x | 1.13x | 0.91x |
| Net Debt / EBITDA | 1.92x | 1.71x | 2.72x | 4.43x | 1.80x | 0.81x | 1.07x | 1.01x | 0.81x |
| Interest Coverage | 3.21x | 3.34x | -6.54x | -10.17x | 5.50x | 18.81x | 9.70x | 5.03x | 25.70x |
| 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 Share | 22.95 | 22.95 | 11.84 | -1.71 | -1.91 | 4.04 | 11.94 | 18.02 | 19.51 |
| Total Shareholders' Equity | 7.42B | 7.13B | 3.25B | -1.64B | -1.59B | 423M | 2.65B | 5.28B | 6.09B |
| Common Stock | 259M | 260M | 261M | 262M | 262M | 262M | 263M | 307M | 308M |
| 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 OCI | 4M | 4M | 16M | 14M | 22M | 14M | 15M | 12M | 10M |
| Minority Interest | 1.38B | 1.68B | 1.21B | 994M | 878M | 922M | 1.04B | 1.08B | 910M |
APA Corporation (APA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.43B | 3.78B | 2.87B | 1.39B | 3.5B | 4.94B | 3.13B | 3.62B | 4.54B |
| 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 Income | 1.5B | 286M | -3.68B | -4.9B | 1.31B | 4.08B | 3.21B | 1.12B | 1.43B |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 1.36B | 1.23B | 1.54B | 2.27B | 2.53B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -1.18B | -222M | 14M | -112M | -74M | 145M | -1.66B | -736M | 360M |
| Other Non-Cash Items | 2.42B | 3.47B | 6.54B | 6.59B | 860M | -638M | 461M | 1.51B | -72M |
| Working Capital Changes | -320M | 245M | -3M | -186M | 37M | 121M | -417M | -535M | 292M |
| Change in Receivables | -270M | 150M | 133M | 149M | -386M | -93M | -157M | -104M | 850M |
| Change in Inventory | 32M | -6M | -41M | 19M | -9M | -1M | 13M | -11M | 7M |
| Change in Payables | 63M | 77M | -5M | -167M | 245M | -4M | -84M | 81M | -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 Revenue | 46.88% | 53.13% | 45.62% | 28.73% | 13.9% | 21.65% | 28.47% | 29.9% | 31.01% |
| Acquisitions | 0 | -91M | -1.17B | -327M | 0 | -143M | 5M | 0 | 611M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.34B | 51M | 687M | 135M | 277M | 806M | -14M | 1.99B | 2M |
| Cash from Financing | -721M | -787M | 112M | 93M | -2.62B | -3.49B | -1.15B | -2.16B | -2.5B |
| Debt Issued (Net) | -70M | -378M | 235M | 373M | -1.4B | -1.47B | -259M | -1.25B | -1.4B |
| Equity Issued (Net) | 0 | -305M | 2M | 1M | -847M | -1.42B | -329M | -246M | -280M |
| Dividends Paid | -380M | -382M | -376M | -146M | -52M | -207M | -308M | -353M | -360M |
| Share Repurchases | 0 | -305M | 0 | 0 | -847M | -1.42B | -329M | -246M | -280M |
| Other Financing | -271M | 278M | 251M | -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 | -0.25 | 0.30 | 6.36 | 7.64 | 2.50 | 2.18 | 4.96 |
| FCF Conversion (FCF/Net Income) | 1.86x | 94.43x | -0.82x | -0.29x | 3.08x | 1.35x | 1.10x | 4.50x | 3.17x |
| Interest Paid | 405M | 402M | 394M | 419M | 442M | 322M | 322M | 372M | 0 |
| Taxes Paid | 516M | 867M | 649M | 212M | 633M | 1.43B | 1.27B | 1.1B | 0 |
APA Corporation (APA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 19.66% | 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 / Equity | 1.11x | 0.97x | 0.93x | 1.96x | - | - | 4.18x | 1.44x | 0.97x | 0.69x |
| Interest Coverage | -2.97x | 3.21x | 3.34x | -6.54x | -10.17x | 5.50x | 18.81x | 9.70x | 5.03x | 25.70x |
| FCF Conversion | -1.73x | 1.86x | 94.43x | -0.82x | -0.29x | 3.08x | 1.35x | 1.10x | 4.50x | 3.17x |
| Revenue Growth | -15.92% | 9.69% | 24.82% | -11.66% | -31.67% | 80.05% | 38.7% | -25.25% | 17.61% | -8.39% |
APA Corporation (APA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Apr 14, 2026·SEC
Feb 25, 2026·SEC
APA Corporation (APA) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
APA Corporation (APA) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates