NASDAQ : APA
APA Corporation — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 52.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 17.97B
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Financial statements
APA Corporation (APA) reported revenue of 8.57B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 8.58B | 8.69B | 9.47B | 8.07B | 10.81B | 7.80B |
| Other Revenue | -7.00M | -8.00M | -6.00M | 18.00M | 220.00M | 228.00M |
| Revenue | 8.57B | 8.69B | 9.46B | 8.09B | 11.03B | 8.03B |
| Cost of Revenue | 1.86B | 2.78B | 2.92B | 2.36B | 3.32B | 2.94B |
| Gross Profit | 6.71B | 5.91B | 6.54B | 5.74B | 7.71B | 5.08B |
| Selling, General & Admin | 369.00M | 350.00M | 372.00M | 351.00M | 483.00M | 376.00M |
| Other Operating Expenses | 646.00M | 433.00M | 422.00M | 224.00M | 455.00M | 305.00M |
| Operating Expenses | 3.36B | 3.24B | 4.48B | 2.31B | 2.48B | 2.20B |
| Operating Income | 3.35B | 2.67B | 2.06B | 3.42B | 5.23B | 2.88B |
| Interest Expense | -235.00M | -285.00M | -379.00M | -331.00M | -322.00M | -418.00M |
| Interest & Investment Income | 18.00M | 25.00M | 12.00M | 10.00M | 10.00M | 8.00M |
| Currency Exchange Gain (Loss) | -1.00M | -13.00M | ||||
| Other Non Operating Income (Expenses) | -5.00M | -7.00M | -6.00M | -31.00M | 82.00M | |
| EBT Excluding Unusual Items | 3.12B | 2.40B | 1.69B | 3.10B | 4.88B | 2.56B |
| Merger & Restructuring Charges | -147.00M | |||||
| Gain (Loss) on Sale of Investments | -72.00M | -160.00M | ||||
| Gain (Loss) on Sale of Assets | 61.00M | 343.00M | 16.00M | -204.00M | 1.02B | -379.00M |
| Asset Writedown | -1.00M | -1.00M | -11.00M | |||
| Other Unusual Items | -75.00M | 45.00M | -21.00M | -6.00M | -93.00M | -126.00M |
| Pretax Income | 3.11B | 2.79B | 1.53B | 2.88B | 5.73B | 1.89B |
| Income Tax Expense | 1.13B | 1.10B | 417.00M | -324.00M | 1.65B | 578.00M |
| Earnings From Continuing Operations | 1.98B | 1.69B | 1.12B | 3.21B | 4.08B | 1.31B |
| Net Income to Company | 1.98B | 1.69B | 1.12B | 3.21B | 4.08B | 1.31B |
| Minority Interest in Earnings | -302.00M | -258.00M | -314.00M | -352.00M | -408.00M | -340.00M |
| Net Income | 1.68B | 1.43B | 804.00M | 2.85B | 3.67B | 973.00M |
| Net Income to Common | 1.68B | 1.43B | 804.00M | 2.85B | 3.67B | 973.00M |
| Shares Outstanding (Basic) | 354.50M | 359.00M | 353.00M | 308.00M | 332.00M | 374.00M |
| Shares Outstanding (Diluted) | 355.00M | 359.00M | 353.00M | 309.00M | 333.00M | 375.00M |
| EPS (Basic) | 4.73 | 3.99 | 2.28 | 9.27 | 11.07 | 2.60 |
| EPS (Diluted) | 4.72 | 3.99 | 2.27 | 9.25 | 11.02 | 2.59 |
| Free Cash Flow | 2.10B | 1.78B | 709.00M | 796.00M | 3.14B | 2.39B |
| Free Cash Flow Per Share | 5.92 | 4.96 | 2.01 | 2.58 | 9.42 | 6.36 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 0.75 | 0.24 |
| Gross Margin | 78.25% | 68.01% | 69.15% | 70.86% | 69.87% | 63.30% |
| Operating Margin | 39.02% | 30.75% | 21.77% | 42.32% | 47.43% | 35.94% |
| Profit Margin | 19.56% | 16.51% | 8.50% | 35.28% | 33.30% | 12.12% |
| Free Cash Flow Margin | 24.52% | 20.48% | 7.49% | 9.84% | 28.43% | 29.73% |
| EBITDA | 5.72B | 5.15B | 5.62B | 5.10B | 6.61B | 4.39B |
| EBITDA Margin | 66.73% | 59.33% | 59.39% | 63.05% | 59.88% | 54.68% |
| D&A For EBITDA | 2.38B | 2.48B | 3.56B | 1.68B | 1.37B | 1.50B |
| EBIT | 3.35B | 2.67B | 2.06B | 3.42B | 5.23B | 2.88B |
| EBIT Margin | 39.02% | 30.75% | 21.77% | 42.32% | 47.43% | 35.94% |
| Effective Tax Rate | 36.30% | 39.38% | 27.17% | 28.81% | 30.57% | |
| Revenue as Reported | 8.61B | 9.22B | 9.74B | 8.19B | 12.13B | 7.93B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 444.00M | 516.00M | 625.00M | 87.00M | 245.00M | 302.00M |
| Cash & Short-Term Investments | 444.00M | 516.00M | 625.00M | 87.00M | 245.00M | 302.00M |
| Receivables | 1.22B | 1.06B | 1.96B | 1.61B | 1.47B | 1.39B |
| Inventory | 371.00M | 351.00M | 425.00M | 453.00M | 427.00M | 473.00M |
| Prepaid Expenses | 110.00M | 80.00M | 54.00M | 46.00M | 31.00M | 56.00M |
| Other Current Assets | 130.00M | 112.00M | 341.00M | 266.00M | 539.00M | 155.00M |
| Total Current Assets | 2.28B | 2.12B | 3.40B | 2.46B | 2.71B | 2.38B |
| Property, Plant & Equipment | 12.90B | 12.75B | 12.65B | 10.04B | 9.01B | 8.34B |
| Long-Term Investments | 437.00M | 624.00M | 1.36B | |||
| Long-Term Deferred Tax Assets | 2.13B | 2.33B | 2.70B | 1.76B | 39.00M | 13.00M |
| Long-Term Deferred Charges | 671.00M | 543.00M | 616.00M | 528.00M | 542.00M | 570.00M |
| Other Long-Term Assets | 21.00M | 21.00M | 21.00M | 222.00M | 640.00M | |
| Total Assets | 17.97B | 17.76B | 19.39B | 15.24B | 13.15B | 13.30B |
| Accounts Payable | 730.00M | 871.00M | 1.22B | 658.00M | 771.00M | 731.00M |
| Accrued Expenses | 853.00M | 771.00M | 980.00M | 1.02B | 1.09B | 735.00M |
| Short-Term Debt | 213.00M | |||||
| Current Portion of Long-Term Debt | 210.00M | 53.00M | 2.00M | |||
| Current Portion of Leases | 140.00M | 100.00M | 118.00M | 116.00M | 169.00M | 101.00M |
| Current Income Taxes Payable | 164.00M | 112.00M | 221.00M | 138.00M | 90.00M | 28.00M |
| Other Current Liabilities | 520.00M | 507.00M | 359.00M | 474.00M | 797.00M | 309.00M |
| Total Current Liabilities | 2.41B | 2.57B | 2.96B | 2.40B | 2.92B | 2.12B |
| Long-Term Debt | 3.72B | 4.25B | 5.96B | 5.15B | 5.42B | 7.26B |
| Long-Term Leases | 24.00M | 245.00M | 30.00M | 32.00M | 32.00M | 34.00M |
| Long-Term Deferred Tax Liabilities | 14.00M | 371.00M | 314.00M | 148.00M | ||
| Other Long-Term Liabilities | 3.88B | 3.69B | 4.07B | 3.59B | 3.12B | 3.75B |
| Total Liabilities | 10.03B | 10.76B | 13.03B | 11.55B | 11.80B | 13.31B |
| Common Stock | 308.00M | 308.00M | 307.00M | 263.00M | 262.00M | 262.00M |
| Additional Paid-In Capital | 12.74B | 12.82B | 13.15B | 11.13B | 11.42B | 11.64B |
| Retained Earnings | 384.00M | -721.00M | -2.15B | -2.96B | -5.81B | -9.49B |
| Treasury Stock | -6.42B | -6.32B | -6.04B | -5.79B | -5.46B | -4.04B |
| Comprehensive Income & Other | 9.00M | 10.00M | 12.00M | 15.00M | 14.00M | 22.00M |
| Total Common Equity | 7.02B | 6.09B | 5.28B | 2.65B | 423.00M | -1.59B |
| Minority Interest | 923.00M | 910.00M | 1.08B | 1.04B | 922.00M | 1.59B |
| Shareholders' Equity | 7.94B | 7.00B | 6.36B | 3.69B | 1.34B | -5.00M |
| Total Liabilities & Equity | 17.97B | 17.76B | 19.39B | 15.24B | 13.15B | 13.30B |
| Total Debt | 3.88B | 4.81B | 6.16B | 5.30B | 5.62B | 7.61B |
| Net Cash (Debt) | -3.44B | -4.29B | -5.54B | -5.22B | -5.38B | -7.31B |
| Net Cash Per Share | -9.68 | -11.96 | -15.69 | -16.88 | -16.14 | -19.49 |
| Filing Date Shares Outstanding | 350.35M | 353.25M | 364.06M | 301.82M | 310.95M | 346.78M |
| Total Common Shares Outstanding | 350.67M | 352.96M | 365.40M | 303.58M | 311.56M | 346.93M |
| Working Capital | -130.00M | -450.00M | 449.00M | 58.00M | -208.00M | 263.00M |
| Book Value Per Share | 20.02 | 17.26 | 14.45 | 8.75 | 1.36 | -4.60 |
| Tangible Book Value | 7.02B | 6.09B | 5.28B | 2.65B | 423.00M | -1.59B |
| Tangible Book Value Per Share | 20.02 | 17.26 | 14.45 | 8.75 | 1.36 | -4.60 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.68B | 1.43B | 804.00M | 2.85B | 3.67B | 973.00M |
| Depreciation & Amortization | 2.38B | 2.48B | 3.56B | 1.68B | 1.37B | 1.50B |
| Loss (Gain) From Sale of Assets | -61.00M | -343.00M | -16.00M | 204.00M | -1.02B | 379.00M |
| Asset Writedown & Restructuring Costs | 1.00M | 1.00M | 11.00M | |||
| Loss (Gain) From Sale of Investments | 160.00M | |||||
| Other Operating Activities | 928.00M | 679.00M | -193.00M | -1.20B | 797.00M | 443.00M |
| Change in Accounts Receivable | 270.00M | 850.00M | -104.00M | -157.00M | -93.00M | -386.00M |
| Change in Inventory | -24.00M | 7.00M | -11.00M | 13.00M | -1.00M | -9.00M |
| Change in Accounts Payable | -335.00M | -365.00M | 81.00M | -84.00M | -4.00M | 245.00M |
| Change in Other Net Operating Assets | -303.00M | -200.00M | -501.00M | -189.00M | 219.00M | 187.00M |
| Operating Cash Flow | 4.53B | 4.54B | 3.62B | 3.13B | 4.94B | 3.50B |
| Capital Expenditures | -2.43B | -2.77B | -2.91B | -2.33B | -1.81B | -1.11B |
| Sale of Property, Plant & Equipment | 40.00M | 611.00M | 1.61B | 29.00M | 778.00M | 256.00M |
| Cash Acquisitions | -24.00M | -591.00M | ||||
| Divestitures | -143.00M | |||||
| Investment in Securities | 428.00M | 228.00M | 224.00M | |||
| Other Investing Activities | -19.00M | 2.00M | -50.00M | -38.00M | 28.00M | 21.00M |
| Investing Cash Flow | -2.40B | -2.15B | -924.00M | -2.14B | -1.51B | -833.00M |
| Long-Term Debt Issued | 846.00M | 1.50B | 24.00M | 392.00M | ||
| Long-Term Debt Repaid | -2.25B | -2.75B | -259.00M | -1.49B | -1.79B | |
| Net Debt Issued (Repaid) | -816.00M | -1.40B | -1.25B | -259.00M | -1.47B | -1.40B |
| Repurchase of Common Stock | -230.00M | -280.00M | -246.00M | -329.00M | -1.42B | -847.00M |
| Common Dividends Paid | -356.00M | -360.00M | -353.00M | -308.00M | -207.00M | -52.00M |
| Other Financing Activities | -384.00M | -458.00M | -306.00M | -253.00M | -390.00M | -321.00M |
| Financing Cash Flow | -1.79B | -2.50B | -2.16B | -1.15B | -3.49B | -2.62B |
| Net Cash Flow | 337.00M | -109.00M | 538.00M | -158.00M | -57.00M | 40.00M |
| Free Cash Flow | 2.10B | 1.78B | 709.00M | 796.00M | 3.14B | 2.39B |
| Free Cash Flow Margin | 24.52% | 20.48% | 7.49% | 9.84% | 28.43% | 29.73% |
| Free Cash Flow Per Share | 5.92 | 4.96 | 2.01 | 2.58 | 9.42 | 6.36 |
| Levered Free Cash Flow | 2.15B | 1.97B | 1.84B | 989.75M | 3.50B | 2.21B |
| Unlevered Free Cash Flow | 2.29B | 2.14B | 2.08B | 1.20B | 3.70B | 2.47B |
| Cash Interest Paid | 243.00M | 281.00M | 372.00M | 329.00M | 322.00M | 442.00M |
| Cash Income Tax Paid | 934.00M | 999.00M | 1.10B | 1.27B | 1.43B | 633.00M |
| Change in Working Capital | -392.00M | 292.00M | -535.00M | -417.00M | 121.00M | 37.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.97B | 8.68B | 8.54B | 11.01B | 15.01B | 9.77B |
| Enterprise Value | 21.40B | 13.69B | 15.99B | 17.63B | 21.33B | 18.59B |
| Last Close Price | 52.82 | 23.78 | 21.32 | 32.03 | 40.67 | 23.05 |
| PE Ratio | 11.18 | 6.05 | 10.62 | 3.85 | 4.08 | 10.04 |
| Forward PE | 8.47 | 8.92 | 6.75 | 5.92 | 5.63 | 4.92 |
| PS Ratio | 2.10 | 1.00 | 0.90 | 1.36 | 1.36 | 1.22 |
| PB Ratio | 2.64 | 1.24 | 1.34 | 2.98 | 11.16 | -1,953.69 |
| P/TBV Ratio | 2.56 | 1.42 | 1.62 | 4.14 | 35.48 | |
| P/FCF Ratio | 8.55 | 4.88 | 12.05 | 13.82 | 4.79 | 4.09 |
| P/OCF Ratio | 3.97 | 1.91 | 2.36 | 3.52 | 3.04 | 2.79 |
| PEG Ratio | 1.21 | 22.03 | 22.03 | 2.70 | 0.66 | 2.68 |
| EV/Sales Ratio | 2.50 | 1.58 | 1.69 | 2.18 | 1.93 | 2.32 |
| EV/EBITDA Ratio | 3.74 | 2.66 | 2.85 | 3.46 | 3.23 | 4.24 |
| EV/EBIT Ratio | 6.40 | 5.12 | 7.76 | 5.15 | 4.08 | 6.45 |
| EV/FCF Ratio | 10.18 | 7.70 | 22.56 | 22.15 | 6.80 | 7.79 |
| Debt / Equity Ratio | 0.49 | 0.69 | 0.97 | 1.44 | 4.18 | -1,521.80 |
| Debt / EBITDA Ratio | 0.67 | 0.92 | 1.08 | 1.03 | 0.84 | 1.73 |
| Debt / FCF Ratio | 1.85 | 2.70 | 8.69 | 6.66 | 1.79 | 3.19 |
| Net Debt / Equity Ratio | 0.43 | 0.61 | 0.87 | 1.41 | 4.00 | -1,461.40 |
| Net Debt / EBITDA Ratio | 0.60 | 0.83 | 0.98 | 1.02 | 0.81 | 1.67 |
| Net Debt / FCF Ratio | 1.64 | 2.41 | 7.81 | 6.55 | 1.71 | 3.06 |
| Asset Turnover | 0.48 | 0.47 | 0.55 | 0.57 | 0.83 | 0.62 |
| Inventory Turnover | 4.92 | 7.16 | 6.65 | 5.36 | 7.39 | 6.10 |
| Quick Ratio | 0.69 | 0.61 | 0.87 | 0.71 | 0.59 | 0.80 |
| Current Ratio | 0.95 | 0.82 | 1.15 | 1.02 | 0.93 | 1.12 |
| Return on Equity (ROE) | 26.66% | 25.32% | 22.24% | 127.36% | 609.25% | 2,707.22% |
| Return on Assets (ROA) | 11.60% | 8.99% | 7.43% | 15.08% | 24.73% | 13.84% |
| Return on Invested Capital (ROIC) | 18.51% | 13.96% | 14.42% | 43.83% | 41.60% | 20.11% |
| Return on Capital Employed (ROCE) | 21.50% | 17.60% | 12.50% | 26.70% | 51.10% | 25.80% |
| Earnings Yield | 8.94% | 16.53% | 9.41% | 25.94% | 24.48% | 9.96% |
| FCF Yield | 11.70% | 20.51% | 8.30% | 7.23% | 20.89% | 24.43% |
| Dividend Yield | 1.89% | 4.07% | 4.28% | 2.76% | 1.56% | 0.84% |
| Payout Ratio | 21.17% | 25.11% | 43.91% | 10.79% | 5.63% | 5.34% |
| Buyback Yield / Dilution | 2.87% | -1.70% | -14.24% | 7.21% | 11.20% | 0.79% |
| Total Shareholder Return | 4.77% | 2.37% | -9.96% | 9.97% | 12.76% | 1.64% |