APA Corporation (APA) 10-Year Financial Performance & Capital Metrics

APA • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

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 $9.74B +17.6%
EBITDA $5.46B +11.6%
Net Income $804M -71.8%
EPS (Diluted) 2.28 -75.4%
Gross Margin 44.18% -13.5%
EBITDA Margin 56.13% -5.1%
Operating Margin 32.85% -19.0%
Net Margin 8.26% -76.1%
ROE 16% -85.9%
ROIC 23.06% -28.4%
Debt/Equity 0.97 -32.6%
Interest Coverage 8.44 -16.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 433.1%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.9%
✓Trading at only 1.4x book value

✗Weaknesses

✗Shares diluted 14.2% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.69%

5Y8.45%

3Y6.84%

TTM4.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-10.86%

TTM-32.12%

EPS CAGR

10Y-

5Y-

3Y-4.16%

TTM-41.38%

ROCE

10Y Avg13.29%

5Y Avg24.69%

3Y Avg32.81%

Latest21.85%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.38B	5.37B	5.89B	7.35B	6.49B	4.43B	7.99B	11.07B	8.28B	9.74B
Revenue Growth %	-0.5%	-0.16%	0.1%	0.25%	-0.12%	-0.32%	0.8%	0.39%	-0.25%	0.18%
Cost of Goods Sold+	8.28B	4.31B	3.86B	4.19B	4.58B	3.53B	4.45B	4.82B	4.05B	5.43B
COGS % of Revenue	1.3%	0.8%	0.66%	0.57%	0.7%	0.8%	0.56%	0.44%	0.49%	0.56%
Gross Profit+	-1.9B	1.05B	2.03B	3.16B	1.92B	905M	3.54B	6.25B	4.23B	4.3B
Gross Margin %	-0.3%	0.2%	0.34%	0.43%	0.3%	0.2%	0.44%	0.56%	0.51%	0.44%
Gross Profit Growth %	-1.33%	1.56%	0.92%	0.56%	-0.39%	-0.53%	2.91%	0.77%	-0.32%	0.02%
Operating Expenses+	821M	1.2B	1.32B	1.19B	1.47B	732M	848M	1.17B	869M	1.1B
OpEx % of Revenue	0.13%	0.22%	0.22%	0.16%	0.23%	0.17%	0.11%	0.11%	0.1%	0.11%
Selling, General & Admin	380M	410M	395M	431M	406M	290M	376M	483M	351M	372M
SG&A % of Revenue	0.06%	0.08%	0.07%	0.06%	0.06%	0.07%	0.05%	0.04%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	444M	789M	921M	756M	1.06B	442M	472M	690M	518M	731M
Operating Income+	-2.33B	-144M	712M	1.97B	445M	173M	2.69B	5.08B	3.36B	3.2B
Operating Margin %	-0.37%	-0.03%	0.12%	0.27%	0.07%	0.04%	0.34%	0.46%	0.41%	0.33%
Operating Income Growth %	-1.99%	0.94%	5.94%	1.77%	-0.77%	-0.61%	14.56%	0.89%	-0.34%	-0.05%
EBITDA+	3.71B	2.98B	3.55B	4.37B	3.13B	1.95B	4.05B	6.64B	4.9B	5.46B
EBITDA Margin %	0.58%	0.56%	0.6%	0.6%	0.48%	0.44%	0.51%	0.6%	0.59%	0.56%
EBITDA Growth %	-0.46%	-0.19%	0.19%	0.23%	-0.29%	-0.38%	1.08%	0.64%	-0.26%	0.12%
D&A (Non-Cash Add-back)	6.04B	3.13B	2.84B	2.4B	2.68B	1.77B	1.36B	1.56B	1.54B	2.27B
EBIT	-11.7B	-1.26B	1.33B	1.35B	-2.62B	-4.41B	2.3B	6.06B	3.21B	1.91B
Net Interest Income+	-472M	-416M	-396M	-384M	-387M	-427M	-410M	-312M	-321M	-367M
Interest Income	10M	8M	19M	22M	13M	7M	8M	10M	10M	12M
Interest Expense	482M	424M	415M	406M	400M	434M	418M	322M	331M	379M
Other Income/Expense	-9.83B	-1.54B	206M	-1.01B	-3.45B	-5.01B	-801M	652M	-475M	-1.66B
Pretax Income+	-12.17B	-1.68B	918M	958M	-3.01B	-4.84B	1.89B	5.73B	2.88B	1.53B
Pretax Margin %	-1.91%	-0.31%	0.16%	0.13%	-0.46%	-1.09%	0.24%	0.52%	0.35%	0.16%
Income Tax+	-1.01B	-442M	-585M	672M	674M	64M	578M	1.65B	-324M	417M
Effective Tax Rate %	0.85%	0.84%	1.42%	0.04%	1.17%	0.99%	0.6%	0.64%	0.99%	0.52%
Net Income+	-10.35B	-1.41B	1.3B	40M	-3.52B	-4.78B	1.14B	3.67B	2.85B	804M
Net Margin %	-1.62%	-0.26%	0.22%	0.01%	-0.54%	-1.08%	0.14%	0.33%	0.34%	0.08%
Net Income Growth %	-0.24%	0.86%	1.93%	-0.97%	-88.88%	-0.36%	1.24%	2.24%	-0.22%	-0.72%
Net Income (Continuing)	-11.16B	-1.24B	1.5B	286M	-3.68B	-4.9B	1.31B	4.08B	3.21B	1.12B
Discontinued Operations	492M	-33M	0	0	0	0	0	0	0	0
Minority Interest	1.6B	1.44B	1.38B	1.68B	1.21B	994M	878M	922M	1.04B	1.08B
EPS (Diluted)+	-61.20	-3.71	3.41	0.10	-9.43	-12.86	2.59	11.02	9.25	2.28
EPS Growth %	-3.35%	0.94%	1.92%	-0.97%	-95.3%	-0.36%	1.2%	3.25%	-0.16%	-0.75%
EPS (Basic)	-61.19	-3.71	3.42	0.10	-9.43	-12.86	2.60	11.07	9.27	2.28
Diluted Shares Outstanding	378M	379M	383M	384M	377M	378M	375M	333M	309M	353M
Basic Shares Outstanding	378M	379M	381M	382M	377M	378M	374M	332M	308M	353M
Dividend Payout Ratio	-	-	0.29%	9.55%	-	-	0.05%	0.06%	0.11%	0.44%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.75B	3.24B	3.73B	2.69B	1.96B	1.85B	2.38B	2.71B	2.46B	3.4B
Cash & Short-Term Investments	1.47B	1.38B	1.67B	714M	247M	262M	302M	245M	87M	625M
Cash Only	1.47B	1.38B	1.67B	714M	247M	262M	302M	245M	87M	625M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.25B	1.13B	1.34B	1.19B	1.06B	908M	1.39B	1.47B	1.61B	1.96B
Days Sales Outstanding	71.65	76.71	83.39	59.31	59.72	74.73	63.72	48.32	70.98	73.43
Inventory	570M	476M	368M	401M	502M	492M	473M	427M	453M	425M
Days Inventory Outstanding	25.12	40.29	34.81	34.92	40.05	50.87	38.84	32.34	40.81	28.54
Other Current Assets	0	0	0	0	0	0	156M	481M	224M	211M
Total Non-Current Assets+	21.75B	19.28B	18.2B	18.89B	16.15B	10.9B	10.92B	10.44B	12.78B	15.99B
Property, Plant & Equipment	20.84B	18.87B	17.76B	18.42B	14.16B	8.82B	8.34B	9.01B	10.04B	12.65B
Fixed Asset Turnover	0.31x	0.28x	0.33x	0.40x	0.46x	0.50x	0.96x	1.23x	0.82x	0.77x
Goodwill	0	87M	0	0	87M	0	0	0	0	0
Intangible Assets	87M	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	121M	1.26B	1.55B	1.36B	624M	437M	0
Other Non-Current Assets	823M	324M	438M	353M	643M	526M	1.22B	764M	549M	637M
Total Assets+	25.5B	22.52B	21.92B	21.58B	18.11B	12.75B	13.3B	13.15B	15.24B	19.39B
Asset Turnover	0.25x	0.24x	0.27x	0.34x	0.36x	0.35x	0.60x	0.84x	0.54x	0.50x
Asset Growth %	-0.54%	-0.12%	-0.03%	-0.02%	-0.16%	-0.3%	0.04%	-0.01%	0.16%	0.27%
Total Current Liabilities+	1.84B	1.84B	2.56B	2.2B	1.85B	1.31B	2.12B	2.92B	2.4B	2.96B
Accounts Payable	618M	585M	641M	709M	695M	444M	731M	771M	658M	1.22B
Days Payables Outstanding	27.24	49.52	60.63	61.73	55.45	45.91	60.03	58.38	59.27	82.2
Short-Term Debt	1M	0	550M	150M	11M	2M	215M	2M	2M	53M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	136M	317M	239M	214M	154M	323M	601M	1.31B	864M	582M
Current Ratio	2.04x	1.76x	1.45x	1.22x	1.06x	1.41x	1.12x	0.93x	1.02x	1.15x
Quick Ratio	1.73x	1.50x	1.31x	1.04x	0.79x	1.04x	0.90x	0.78x	0.84x	1.01x
Cash Conversion Cycle	69.53	67.49	57.57	32.49	44.32	79.69	42.54	22.27	52.51	19.78
Total Non-Current Liabilities+	14.17B	13B	10.57B	10.57B	11.79B	12.08B	11.9B	8.89B	9.15B	10.07B
Long-Term Debt	8.72B	8.54B	7.93B	8.05B	8.55B	8.77B	7.29B	5.45B	5.19B	5.99B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	2.53B	1.71B	545M	391M	346M	215M	148M	314M	371M	14M
Other Non-Current Liabilities	2.92B	2.74B	2.09B	2.12B	2.89B	3.1B	4.46B	3.12B	3.59B	4.07B
Total Liabilities	16.01B	14.84B	13.13B	12.77B	13.64B	13.39B	14.02B	11.8B	11.55B	13.03B
Total Debt+	8.72B	8.54B	8.48B	8.2B	8.73B	8.89B	7.61B	5.62B	5.3B	6.16B
Net Debt	7.25B	7.17B	6.82B	7.49B	8.49B	8.63B	7.31B	5.38B	5.22B	5.54B
Debt / Equity	0.92x	1.11x	0.97x	0.93x	1.96x	-	-	4.18x	1.44x	0.97x
Debt / EBITDA	2.35x	2.86x	2.39x	1.88x	2.80x	4.57x	1.88x	0.85x	1.08x	1.13x
Net Debt / EBITDA	1.96x	2.40x	1.92x	1.71x	2.72x	4.43x	1.80x	0.81x	1.07x	1.01x
Interest Coverage	-4.84x	-0.34x	1.72x	4.85x	1.11x	0.40x	6.44x	15.78x	10.15x	8.44x
Total Equity+	9.49B	7.68B	8.79B	8.81B	4.46B	-645M	-717M	1.34B	3.69B	6.36B
Equity Growth %	-0.66%	-0.19%	0.14%	0%	-0.49%	-1.14%	-0.11%	2.88%	1.74%	0.72%
Book Value per Share	25.11	20.26	22.95	22.95	11.84	-1.71	-1.91	4.04	11.94	18.02
Total Shareholders' Equity	7.89B	6.24B	7.42B	7.13B	3.25B	-1.64B	-1.59B	423M	2.65B	5.28B
Common Stock	257M	258M	259M	260M	261M	262M	262M	262M	263M	307M
Retained Earnings	-1.98B	-3.38B	-2.09B	-2.05B	-5.6B	-10.46B	-9.49B	-5.81B	-2.96B	-2.15B
Treasury Stock	-2.89B	-2.89B	-2.89B	-3.19B	-3.19B	-3.19B	-4.04B	-5.46B	-5.79B	-6.04B
Accumulated OCI	-119M	-112M	4M	4M	16M	14M	22M	14M	15M	12M
Minority Interest	1.6B	1.44B	1.38B	1.68B	1.21B	994M	878M	922M	1.04B	1.08B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.67B	2.43B	2.43B	3.78B	2.87B	1.39B	3.5B	4.94B	3.13B	3.62B
Operating CF Margin %	0.42%	0.45%	0.41%	0.51%	0.44%	0.31%	0.44%	0.45%	0.38%	0.37%
Operating CF Growth %	-0.68%	-0.09%	-0%	0.56%	-0.24%	-0.52%	1.52%	0.41%	-0.37%	0.16%
Net Income	-11.16B	-1.24B	1.5B	286M	-3.68B	-4.9B	1.31B	4.08B	3.21B	1.12B
Depreciation & Amortization	0	0	0	0	0	0	1.36B	1.23B	1.54B	2.27B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-1.45B	-833M	-1.18B	-222M	14M	-112M	-74M	145M	-1.66B	-736M
Other Non-Cash Items	15.35B	4.35B	2.42B	3.47B	6.54B	6.59B	860M	-638M	461M	1.51B
Working Capital Changes	-80M	153M	-320M	245M	-3M	-186M	37M	121M	-417M	-535M
Change in Receivables	663M	126M	-270M	150M	133M	149M	-386M	-93M	-157M	-104M
Change in Inventory	21M	-27M	32M	-6M	-41M	19M	-9M	-1M	13M	-11M
Change in Payables	-489M	-63M	63M	77M	-5M	-167M	245M	-4M	-84M	81M
Cash from Investing+	1.08B	-1.66B	-1.42B	-3.94B	-3.45B	-1.47B	-833M	-1.51B	-2.14B	-924M
Capital Expenditures	-4.81B	-1.95B	-2.76B	-3.9B	-2.96B	-1.27B	-1.11B	-2.4B	-2.36B	-2.91B
CapEx % of Revenue	0.75%	0.36%	0.47%	0.53%	0.46%	0.29%	0.14%	0.22%	0.28%	0.3%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.65B	289M	1.34B	51M	687M	135M	277M	806M	-14M	1.99B
Cash from Financing+	-2.96B	-860M	-721M	-787M	112M	93M	-2.62B	-3.49B	-1.15B	-2.16B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-377M	-379M	-380M	-382M	-376M	-146M	-52M	-207M	-308M	-353M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-76M	-300M	-271M	278M	251M	-135M	-321M	-390M	-253M	-306M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.14B	481M	-332M	-127M	-94M	114M	2.39B	2.54B	772M	769M
FCF Margin %	-0.34%	0.09%	-0.06%	-0.02%	-0.01%	0.03%	0.3%	0.23%	0.09%	0.08%
FCF Growth %	0.29%	1.22%	-1.69%	0.62%	0.26%	2.21%	19.93%	0.07%	-0.7%	-0%
FCF per Share	-5.66	1.27	-0.87	-0.33	-0.25	0.30	6.36	7.64	2.50	2.18
FCF Conversion (FCF/Net Income)	-0.26x	-1.73x	1.86x	94.43x	-0.82x	-0.29x	3.08x	1.35x	1.10x	4.50x
Interest Paid	461M	413M	405M	402M	394M	419M	442M	322M	322M	372M
Taxes Paid	573M	305M	516M	867M	649M	212M	633M	1.43B	1.27B	1.1B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-55.02%	-16.37%	15.83%	0.45%	-52.95%	-250.47%	-	1170.06%	113.38%	16%
Return on Invested Capital (ROIC)	-6.33%	-0.68%	3.51%	9.26%	2.28%	1.24%	27.71%	57.27%	32.23%	23.06%
Gross Margin	-29.74%	19.66%	34.45%	42.95%	29.52%	20.41%	44.33%	56.48%	51.06%	44.18%
Net Margin	-162.18%	-26.18%	22.15%	0.54%	-54.15%	-107.87%	14.21%	33.17%	34.48%	8.26%
Debt / Equity	0.92x	1.11x	0.97x	0.93x	1.96x	-	-	4.18x	1.44x	0.97x
Interest Coverage	-4.84x	-0.34x	1.72x	4.85x	1.11x	0.40x	6.44x	15.78x	10.15x	8.44x
FCF Conversion	-0.26x	-1.73x	1.86x	94.43x	-0.82x	-0.29x	3.08x	1.35x	1.10x	4.50x
Revenue Growth	-50.11%	-15.92%	9.69%	24.82%	-11.66%	-31.67%	80.05%	38.7%	-25.25%	17.61%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Oil And Gas, Excluding Purchased	-	-	-	-	6.32B	4.04B	6.5B	9.22B	7.38B	8.2B
Oil And Gas, Excluding Purchased Growth	-	-	-	-	-	-36.07%	60.96%	41.89%	-19.90%	10.98%
Oil and Gas, Purchased	-	-	-	-	176M	398M	1.49B	1.85B	894M	1.54B
Oil and Gas, Purchased Growth	-	-	-	-	-	126.14%	273.62%	24.75%	-51.81%	72.37%
Oil and Gas, Exploration and Production	-	-	-	7.35B	-	-	-	-	-	-
Oil and Gas, Exploration and Production Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Segment United States	2.64B	2B	2.27B	3.28B	2.76B	2.16B	4.76B	5.99B	3.91B	4.32B
Segment United States Growth	-	-24.27%	13.72%	44.39%	-15.74%	-21.90%	120.39%	26.03%	-34.73%	10.30%
North Sea	3.25B	3.03B	3.38B	4.07B	3.55B	2.19B	3.01B	4.75B	4.37B	3.88B
North Sea Growth	-	-6.80%	11.83%	20.21%	-12.71%	-38.49%	37.94%	57.70%	-8.12%	-11.13%
CANADA	498M	343M	231M	-	-	-	-	-	-	-
CANADA Growth	-	-31.12%	-32.65%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

APA Corporation (APA) has a price-to-earnings (P/E) ratio of 11.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

APA Corporation (APA) reported $9.64B in revenue for fiscal year 2024. This represents a 43% decrease from $16.81B in 2011.

APA Corporation (APA) grew revenue by 17.6% over the past year. This is strong growth.

Yes, APA Corporation (APA) is profitable, generating $1.51B in net income for fiscal year 2024 (8.3% net margin).

Dividend & Returns

Yes, APA Corporation (APA) pays a dividend with a yield of 3.89%. This makes it attractive for income-focused investors.

APA Corporation (APA) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.

APA Corporation (APA) generated $1.90B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

APA Corporation (APA) 10-Year Financial Performance & Capital Metrics

APA • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

Revenue $9.74B +17.6%
EBITDA $5.46B +11.6%
Net Income $804M -71.8%
EPS (Diluted) 2.28 -75.4%
Gross Margin 44.18% -13.5%
EBITDA Margin 56.13% -5.1%
Operating Margin 32.85% -19.0%
Net Margin 8.26% -76.1%
ROE 16% -85.9%
ROIC 23.06% -28.4%
Debt/Equity 0.97 -32.6%
Interest Coverage 8.44 -16.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 433.1%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.9%
✓Trading at only 1.4x book value

✗Weaknesses

✗Shares diluted 14.2% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.69%

5Y8.45%

3Y6.84%

TTM4.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-10.86%

TTM-32.12%

EPS CAGR

10Y-

5Y-

3Y-4.16%

TTM-41.38%

ROCE

10Y Avg13.29%

5Y Avg24.69%

3Y Avg32.81%

Latest21.85%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.38B	5.37B	5.89B	7.35B	6.49B	4.43B	7.99B	11.07B	8.28B	9.74B
Revenue Growth %	-0.5%	-0.16%	0.1%	0.25%	-0.12%	-0.32%	0.8%	0.39%	-0.25%	0.18%
Cost of Goods Sold+	8.28B	4.31B	3.86B	4.19B	4.58B	3.53B	4.45B	4.82B	4.05B	5.43B
COGS % of Revenue	1.3%	0.8%	0.66%	0.57%	0.7%	0.8%	0.56%	0.44%	0.49%	0.56%
Gross Profit+	-1.9B	1.05B	2.03B	3.16B	1.92B	905M	3.54B	6.25B	4.23B	4.3B
Gross Margin %	-0.3%	0.2%	0.34%	0.43%	0.3%	0.2%	0.44%	0.56%	0.51%	0.44%
Gross Profit Growth %	-1.33%	1.56%	0.92%	0.56%	-0.39%	-0.53%	2.91%	0.77%	-0.32%	0.02%
Operating Expenses+	821M	1.2B	1.32B	1.19B	1.47B	732M	848M	1.17B	869M	1.1B
OpEx % of Revenue	0.13%	0.22%	0.22%	0.16%	0.23%	0.17%	0.11%	0.11%	0.1%	0.11%
Selling, General & Admin	380M	410M	395M	431M	406M	290M	376M	483M	351M	372M
SG&A % of Revenue	0.06%	0.08%	0.07%	0.06%	0.06%	0.07%	0.05%	0.04%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	444M	789M	921M	756M	1.06B	442M	472M	690M	518M	731M
Operating Income+	-2.33B	-144M	712M	1.97B	445M	173M	2.69B	5.08B	3.36B	3.2B
Operating Margin %	-0.37%	-0.03%	0.12%	0.27%	0.07%	0.04%	0.34%	0.46%	0.41%	0.33%
Operating Income Growth %	-1.99%	0.94%	5.94%	1.77%	-0.77%	-0.61%	14.56%	0.89%	-0.34%	-0.05%
EBITDA+	3.71B	2.98B	3.55B	4.37B	3.13B	1.95B	4.05B	6.64B	4.9B	5.46B
EBITDA Margin %	0.58%	0.56%	0.6%	0.6%	0.48%	0.44%	0.51%	0.6%	0.59%	0.56%
EBITDA Growth %	-0.46%	-0.19%	0.19%	0.23%	-0.29%	-0.38%	1.08%	0.64%	-0.26%	0.12%
D&A (Non-Cash Add-back)	6.04B	3.13B	2.84B	2.4B	2.68B	1.77B	1.36B	1.56B	1.54B	2.27B
EBIT	-11.7B	-1.26B	1.33B	1.35B	-2.62B	-4.41B	2.3B	6.06B	3.21B	1.91B
Net Interest Income+	-472M	-416M	-396M	-384M	-387M	-427M	-410M	-312M	-321M	-367M
Interest Income	10M	8M	19M	22M	13M	7M	8M	10M	10M	12M
Interest Expense	482M	424M	415M	406M	400M	434M	418M	322M	331M	379M
Other Income/Expense	-9.83B	-1.54B	206M	-1.01B	-3.45B	-5.01B	-801M	652M	-475M	-1.66B
Pretax Income+	-12.17B	-1.68B	918M	958M	-3.01B	-4.84B	1.89B	5.73B	2.88B	1.53B
Pretax Margin %	-1.91%	-0.31%	0.16%	0.13%	-0.46%	-1.09%	0.24%	0.52%	0.35%	0.16%
Income Tax+	-1.01B	-442M	-585M	672M	674M	64M	578M	1.65B	-324M	417M
Effective Tax Rate %	0.85%	0.84%	1.42%	0.04%	1.17%	0.99%	0.6%	0.64%	0.99%	0.52%
Net Income+	-10.35B	-1.41B	1.3B	40M	-3.52B	-4.78B	1.14B	3.67B	2.85B	804M
Net Margin %	-1.62%	-0.26%	0.22%	0.01%	-0.54%	-1.08%	0.14%	0.33%	0.34%	0.08%
Net Income Growth %	-0.24%	0.86%	1.93%	-0.97%	-88.88%	-0.36%	1.24%	2.24%	-0.22%	-0.72%
Net Income (Continuing)	-11.16B	-1.24B	1.5B	286M	-3.68B	-4.9B	1.31B	4.08B	3.21B	1.12B
Discontinued Operations	492M	-33M	0	0	0	0	0	0	0	0
Minority Interest	1.6B	1.44B	1.38B	1.68B	1.21B	994M	878M	922M	1.04B	1.08B
EPS (Diluted)+	-61.20	-3.71	3.41	0.10	-9.43	-12.86	2.59	11.02	9.25	2.28
EPS Growth %	-3.35%	0.94%	1.92%	-0.97%	-95.3%	-0.36%	1.2%	3.25%	-0.16%	-0.75%
EPS (Basic)	-61.19	-3.71	3.42	0.10	-9.43	-12.86	2.60	11.07	9.27	2.28
Diluted Shares Outstanding	378M	379M	383M	384M	377M	378M	375M	333M	309M	353M
Basic Shares Outstanding	378M	379M	381M	382M	377M	378M	374M	332M	308M	353M
Dividend Payout Ratio	-	-	0.29%	9.55%	-	-	0.05%	0.06%	0.11%	0.44%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.75B	3.24B	3.73B	2.69B	1.96B	1.85B	2.38B	2.71B	2.46B	3.4B
Cash & Short-Term Investments	1.47B	1.38B	1.67B	714M	247M	262M	302M	245M	87M	625M
Cash Only	1.47B	1.38B	1.67B	714M	247M	262M	302M	245M	87M	625M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.25B	1.13B	1.34B	1.19B	1.06B	908M	1.39B	1.47B	1.61B	1.96B
Days Sales Outstanding	71.65	76.71	83.39	59.31	59.72	74.73	63.72	48.32	70.98	73.43
Inventory	570M	476M	368M	401M	502M	492M	473M	427M	453M	425M
Days Inventory Outstanding	25.12	40.29	34.81	34.92	40.05	50.87	38.84	32.34	40.81	28.54
Other Current Assets	0	0	0	0	0	0	156M	481M	224M	211M
Total Non-Current Assets+	21.75B	19.28B	18.2B	18.89B	16.15B	10.9B	10.92B	10.44B	12.78B	15.99B
Property, Plant & Equipment	20.84B	18.87B	17.76B	18.42B	14.16B	8.82B	8.34B	9.01B	10.04B	12.65B
Fixed Asset Turnover	0.31x	0.28x	0.33x	0.40x	0.46x	0.50x	0.96x	1.23x	0.82x	0.77x
Goodwill	0	87M	0	0	87M	0	0	0	0	0
Intangible Assets	87M	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	121M	1.26B	1.55B	1.36B	624M	437M	0
Other Non-Current Assets	823M	324M	438M	353M	643M	526M	1.22B	764M	549M	637M
Total Assets+	25.5B	22.52B	21.92B	21.58B	18.11B	12.75B	13.3B	13.15B	15.24B	19.39B
Asset Turnover	0.25x	0.24x	0.27x	0.34x	0.36x	0.35x	0.60x	0.84x	0.54x	0.50x
Asset Growth %	-0.54%	-0.12%	-0.03%	-0.02%	-0.16%	-0.3%	0.04%	-0.01%	0.16%	0.27%
Total Current Liabilities+	1.84B	1.84B	2.56B	2.2B	1.85B	1.31B	2.12B	2.92B	2.4B	2.96B
Accounts Payable	618M	585M	641M	709M	695M	444M	731M	771M	658M	1.22B
Days Payables Outstanding	27.24	49.52	60.63	61.73	55.45	45.91	60.03	58.38	59.27	82.2
Short-Term Debt	1M	0	550M	150M	11M	2M	215M	2M	2M	53M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	136M	317M	239M	214M	154M	323M	601M	1.31B	864M	582M
Current Ratio	2.04x	1.76x	1.45x	1.22x	1.06x	1.41x	1.12x	0.93x	1.02x	1.15x
Quick Ratio	1.73x	1.50x	1.31x	1.04x	0.79x	1.04x	0.90x	0.78x	0.84x	1.01x
Cash Conversion Cycle	69.53	67.49	57.57	32.49	44.32	79.69	42.54	22.27	52.51	19.78
Total Non-Current Liabilities+	14.17B	13B	10.57B	10.57B	11.79B	12.08B	11.9B	8.89B	9.15B	10.07B
Long-Term Debt	8.72B	8.54B	7.93B	8.05B	8.55B	8.77B	7.29B	5.45B	5.19B	5.99B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	2.53B	1.71B	545M	391M	346M	215M	148M	314M	371M	14M
Other Non-Current Liabilities	2.92B	2.74B	2.09B	2.12B	2.89B	3.1B	4.46B	3.12B	3.59B	4.07B
Total Liabilities	16.01B	14.84B	13.13B	12.77B	13.64B	13.39B	14.02B	11.8B	11.55B	13.03B
Total Debt+	8.72B	8.54B	8.48B	8.2B	8.73B	8.89B	7.61B	5.62B	5.3B	6.16B
Net Debt	7.25B	7.17B	6.82B	7.49B	8.49B	8.63B	7.31B	5.38B	5.22B	5.54B
Debt / Equity	0.92x	1.11x	0.97x	0.93x	1.96x	-	-	4.18x	1.44x	0.97x
Debt / EBITDA	2.35x	2.86x	2.39x	1.88x	2.80x	4.57x	1.88x	0.85x	1.08x	1.13x
Net Debt / EBITDA	1.96x	2.40x	1.92x	1.71x	2.72x	4.43x	1.80x	0.81x	1.07x	1.01x
Interest Coverage	-4.84x	-0.34x	1.72x	4.85x	1.11x	0.40x	6.44x	15.78x	10.15x	8.44x
Total Equity+	9.49B	7.68B	8.79B	8.81B	4.46B	-645M	-717M	1.34B	3.69B	6.36B
Equity Growth %	-0.66%	-0.19%	0.14%	0%	-0.49%	-1.14%	-0.11%	2.88%	1.74%	0.72%
Book Value per Share	25.11	20.26	22.95	22.95	11.84	-1.71	-1.91	4.04	11.94	18.02
Total Shareholders' Equity	7.89B	6.24B	7.42B	7.13B	3.25B	-1.64B	-1.59B	423M	2.65B	5.28B
Common Stock	257M	258M	259M	260M	261M	262M	262M	262M	263M	307M
Retained Earnings	-1.98B	-3.38B	-2.09B	-2.05B	-5.6B	-10.46B	-9.49B	-5.81B	-2.96B	-2.15B
Treasury Stock	-2.89B	-2.89B	-2.89B	-3.19B	-3.19B	-3.19B	-4.04B	-5.46B	-5.79B	-6.04B
Accumulated OCI	-119M	-112M	4M	4M	16M	14M	22M	14M	15M	12M
Minority Interest	1.6B	1.44B	1.38B	1.68B	1.21B	994M	878M	922M	1.04B	1.08B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.67B	2.43B	2.43B	3.78B	2.87B	1.39B	3.5B	4.94B	3.13B	3.62B
Operating CF Margin %	0.42%	0.45%	0.41%	0.51%	0.44%	0.31%	0.44%	0.45%	0.38%	0.37%
Operating CF Growth %	-0.68%	-0.09%	-0%	0.56%	-0.24%	-0.52%	1.52%	0.41%	-0.37%	0.16%
Net Income	-11.16B	-1.24B	1.5B	286M	-3.68B	-4.9B	1.31B	4.08B	3.21B	1.12B
Depreciation & Amortization	0	0	0	0	0	0	1.36B	1.23B	1.54B	2.27B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-1.45B	-833M	-1.18B	-222M	14M	-112M	-74M	145M	-1.66B	-736M
Other Non-Cash Items	15.35B	4.35B	2.42B	3.47B	6.54B	6.59B	860M	-638M	461M	1.51B
Working Capital Changes	-80M	153M	-320M	245M	-3M	-186M	37M	121M	-417M	-535M
Change in Receivables	663M	126M	-270M	150M	133M	149M	-386M	-93M	-157M	-104M
Change in Inventory	21M	-27M	32M	-6M	-41M	19M	-9M	-1M	13M	-11M
Change in Payables	-489M	-63M	63M	77M	-5M	-167M	245M	-4M	-84M	81M
Cash from Investing+	1.08B	-1.66B	-1.42B	-3.94B	-3.45B	-1.47B	-833M	-1.51B	-2.14B	-924M
Capital Expenditures	-4.81B	-1.95B	-2.76B	-3.9B	-2.96B	-1.27B	-1.11B	-2.4B	-2.36B	-2.91B
CapEx % of Revenue	0.75%	0.36%	0.47%	0.53%	0.46%	0.29%	0.14%	0.22%	0.28%	0.3%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.65B	289M	1.34B	51M	687M	135M	277M	806M	-14M	1.99B
Cash from Financing+	-2.96B	-860M	-721M	-787M	112M	93M	-2.62B	-3.49B	-1.15B	-2.16B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-377M	-379M	-380M	-382M	-376M	-146M	-52M	-207M	-308M	-353M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-76M	-300M	-271M	278M	251M	-135M	-321M	-390M	-253M	-306M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.14B	481M	-332M	-127M	-94M	114M	2.39B	2.54B	772M	769M
FCF Margin %	-0.34%	0.09%	-0.06%	-0.02%	-0.01%	0.03%	0.3%	0.23%	0.09%	0.08%
FCF Growth %	0.29%	1.22%	-1.69%	0.62%	0.26%	2.21%	19.93%	0.07%	-0.7%	-0%
FCF per Share	-5.66	1.27	-0.87	-0.33	-0.25	0.30	6.36	7.64	2.50	2.18
FCF Conversion (FCF/Net Income)	-0.26x	-1.73x	1.86x	94.43x	-0.82x	-0.29x	3.08x	1.35x	1.10x	4.50x
Interest Paid	461M	413M	405M	402M	394M	419M	442M	322M	322M	372M
Taxes Paid	573M	305M	516M	867M	649M	212M	633M	1.43B	1.27B	1.1B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-55.02%	-16.37%	15.83%	0.45%	-52.95%	-250.47%	-	1170.06%	113.38%	16%
Return on Invested Capital (ROIC)	-6.33%	-0.68%	3.51%	9.26%	2.28%	1.24%	27.71%	57.27%	32.23%	23.06%
Gross Margin	-29.74%	19.66%	34.45%	42.95%	29.52%	20.41%	44.33%	56.48%	51.06%	44.18%
Net Margin	-162.18%	-26.18%	22.15%	0.54%	-54.15%	-107.87%	14.21%	33.17%	34.48%	8.26%
Debt / Equity	0.92x	1.11x	0.97x	0.93x	1.96x	-	-	4.18x	1.44x	0.97x
Interest Coverage	-4.84x	-0.34x	1.72x	4.85x	1.11x	0.40x	6.44x	15.78x	10.15x	8.44x
FCF Conversion	-0.26x	-1.73x	1.86x	94.43x	-0.82x	-0.29x	3.08x	1.35x	1.10x	4.50x
Revenue Growth	-50.11%	-15.92%	9.69%	24.82%	-11.66%	-31.67%	80.05%	38.7%	-25.25%	17.61%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Oil And Gas, Excluding Purchased	-	-	-	-	6.32B	4.04B	6.5B	9.22B	7.38B	8.2B
Oil And Gas, Excluding Purchased Growth	-	-	-	-	-	-36.07%	60.96%	41.89%	-19.90%	10.98%
Oil and Gas, Purchased	-	-	-	-	176M	398M	1.49B	1.85B	894M	1.54B
Oil and Gas, Purchased Growth	-	-	-	-	-	126.14%	273.62%	24.75%	-51.81%	72.37%
Oil and Gas, Exploration and Production	-	-	-	7.35B	-	-	-	-	-	-
Oil and Gas, Exploration and Production Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Segment United States	2.64B	2B	2.27B	3.28B	2.76B	2.16B	4.76B	5.99B	3.91B	4.32B
Segment United States Growth	-	-24.27%	13.72%	44.39%	-15.74%	-21.90%	120.39%	26.03%	-34.73%	10.30%
North Sea	3.25B	3.03B	3.38B	4.07B	3.55B	2.19B	3.01B	4.75B	4.37B	3.88B
North Sea Growth	-	-6.80%	11.83%	20.21%	-12.71%	-38.49%	37.94%	57.70%	-8.12%	-11.13%
CANADA	498M	343M	231M	-	-	-	-	-	-	-
CANADA Growth	-	-31.12%	-32.65%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

APA Corporation (APA) has a price-to-earnings (P/E) ratio of 11.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

APA Corporation (APA) reported $9.64B in revenue for fiscal year 2024. This represents a 43% decrease from $16.81B in 2011.

APA Corporation (APA) grew revenue by 17.6% over the past year. This is strong growth.

Yes, APA Corporation (APA) is profitable, generating $1.51B in net income for fiscal year 2024 (8.3% net margin).

Dividend & Returns

Yes, APA Corporation (APA) pays a dividend with a yield of 3.89%. This makes it attractive for income-focused investors.

APA Corporation (APA) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.

APA Corporation (APA) generated $1.90B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.