APA Corp (APA) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, APA reported revenue of $9.22B, down 5.3% from $9.74B the year before. Net income was $1.43B (a 15.6% net margin), or $3.99 per diluted share. Gross margin was 30.3% and operating margin was 33.5%. Operating activities generated $4.54B of cash. At fiscal year end, APA held $17.76B in total assets against $11.67B in total liabilities, including $516.0M of cash and equivalents.
Open the full interactive APA financials → Quarterly statements, key ratios, valuation history and price charts.
APA Key Stats
| Share Price | $48.01 |
|---|---|
| Market Cap | $17.00B |
| P/E Ratio | 12.0 |
| Revenue YoY Growth | -5.3% |
| 52-Week Range | $21.16 – $48.01 |
| Shares Outstanding | 353.0 million (basic, 2026 Q2) |
APA Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $7.93B | $12.13B | $8.19B | $9.74B | $9.22B |
| Cost of Goods Sold | $6.04B | $6.40B | $5.31B | $8.20B | $6.43B |
| Gross Profit | $1.89B | $5.73B | $2.88B | $1.53B | $2.79B |
| Operating Income | $2.86B | $5.57B | $3.65B | $2.44B | $3.09B |
| Pre-Tax Income | $1.89B | $5.73B | $2.88B | $1.53B | $2.79B |
| Income Tax | $578.0M | $1.65B | -$324.0M | $417.0M | $1.10B |
| Net Income | $1.31B | $4.08B | $3.21B | $1.12B | $1.43B |
| Diluted EPS | $2.59 | $11.02 | $9.25 | $2.27 | $3.99 |
APA Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.02B | $1.98B | $2.21B | $2.40B |
| Net Income | $205.0M | $208.0M | $446.0M | $747.0M |
| Diluted EPS | $0.57 | $0.58 | $1.26 | $2.11 |
APA Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $302.0M | $245.0M | $87.0M | $625.0M | $516.0M |
| Current Assets | $2.38B | $2.71B | $2.46B | $3.40B | $2.12B |
| Total Assets | $13.30B | $13.15B | $15.24B | $19.39B | $17.76B |
| Current Liabilities | $2.12B | $2.92B | $2.40B | $2.96B | $2.57B |
| Total Long-Term Debt | $7.51B | $5.45B | $5.19B | $6.04B | $4.49B |
| Total Liabilities | $14.90B | $12.72B | $12.59B | $14.11B | $11.67B |
| Shareholders' Equity | -$1.59B | $423.0M | $2.65B | $5.28B | $6.09B |
APA Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $3.50B | $4.94B | $3.13B | $3.62B | $4.54B |
| Cash From Investing | -$833.0M | -$1.51B | -$2.14B | -$924.0M | -$2.15B |
| Cash From Financing | -$2.62B | -$3.49B | -$1.15B | -$2.16B | -$2.50B |
Figures from APA's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full APA financials page for every line item.
APA Company Profile
| Ticker | APA |
|---|---|
| Exchange | Nasdaq |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001841666 |
Frequently Asked Questions
What was APA's revenue in fiscal 2025?
APA (APA) reported revenue of $9.22B for fiscal 2025.
What is APA's annual revenue history?
APA's annual revenue by fiscal year: 2021: $7.93B; 2022: $12.13B; 2023: $8.19B; 2024: $9.74B; 2025: $9.22B.
What was APA's net income in fiscal 2025?
APA reported net income of $1.43B for fiscal 2025.
What was APA's earnings per share (EPS) in fiscal 2025?
APA's diluted EPS was $3.99 for fiscal 2025 (adjusted for any later stock splits).
What was APA's revenue last quarter?
In its most recent reported quarter (2026 Q2), APA reported revenue of $2.40B.
How much debt does APA have?
APA reported $4.49B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of APA are outstanding?
APA reported a weighted average of 353.0 million basic shares outstanding in 2026 Q2.
What is APA's market cap?
Based on its latest closing price, APA (APA) has a market capitalization of about $17.00B.
When does APA's fiscal year end?
APA's fiscal year end, as registered with the SEC, is December 31.
Where is APA headquartered?
APA lists its business address in Houston, Texas in its SEC filings.