APA Corp APA
APA Corporation (APA or the Company) is an independent energy company that owns subsidiaries that explore for, develop, and produce crude oil, natural gas, and NGLs. The Company's business has oil and gas operations in three geographic areas: the U.S., Egypt, and offshore the U.K. in the North Sea (North Sea). APA also has active development, exploration, and appraisal operations ongoing in Suriname, as well as exploration interests in Uruguay, Alaska, and other international locations that may, over time, result in reportable discoveries and development opportunities. As a holding company, APA Corporation's primary assets are its ownership interests in its consolidated subsidiaries.
The Company makes available, free of charge on its website at www.apacorp.com, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after they are filed with, or furnished to, the SEC. The Company's filings are also available at www.sec.gov. Information contained on, or accessible through, the Company's website or any other website is not incorporated by reference into, and does not constitute a part of, this Annual Report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| SG&A | $350.0M | $372.0M | $351.0M | $483.0M | $376.0M | $290.0M | $406.0M | — |
| Total operating expenses | $5.86B | $7.29B | $4.63B | $5.51B | $5.12B | $8.54B | $8.64B | — |
| Operating income | $3.09B | $2.44B | $3.70B | $5.57B | $2.86B | -$4.10B | -$2.15B | — |
| Pre-tax income | $2.79B | $1.53B | $2.88B | $5.73B | $1.89B | -$4.84B | -$3.01B | — |
| Income tax | $1.10B | $417.0M | $324.0M | $1.65B | $578.0M | $64.0M | $674.0M | — |
| Net income | $1.43B | $804.0M | $2.85B | $3.67B | $973.0M | -$4.90B | -$3.68B | — |
| EPS, basic | 3.99 | 2.28 | 9.26 | 11.05 | 2.60 | -12.86 | -9.43 | — |
| EPS, diluted | 3.99 | 2.27 | 9.25 | 11.02 | 2.59 | -12.86 | -9.43 | — |
| Shares, diluted (wtd. avg.) | $359.0M | $353.0M | $309.0M | $333.0M | $375.0M | $378.0M | $377.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $516.0M | $625.0M | $87.0M | $245.0M | $302.0M | $262.0M | $247.0M | $714.0M |
| Receivables | $1.06B | $1.96B | $1.61B | $1.47B | $1.39B | $908.0M | — | — |
| Inventory | $351.0M | $425.0M | $453.0M | $427.0M | $473.0M | $492.0M | — | — |
| Total current assets | $2.12B | $3.40B | $2.46B | $2.71B | $2.38B | $1.85B | — | — |
| Goodwill | — | — | — | $0 | $0 | $0 | $87.0M | $87.0M |
| Total assets | $17.76B | $19.39B | $15.24B | $13.15B | $13.30B | $12.75B | $18.11B | — |
| Accounts payable | $871.0M | $1.22B | $658.0M | $771.0M | $731.0M | $444.0M | — | — |
| Short-term debt | $213.0M | $53.0M | $2.0M | $2.0M | $215.0M | $2.0M | — | — |
| Total current liabilities | $2.57B | $2.96B | $2.40B | $2.92B | $2.12B | $1.31B | — | — |
| Retained earnings | -$721.0M | -$2.15B | -$2.96B | -$5.81B | -$9.49B | -$10.46B | — | — |
| Total equity | $6.09B | $5.28B | $3.69B | $1.34B | -$717.0M | -$645.0M | $4.46B | $8.81B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.54B | $3.62B | $3.13B | $4.94B | $3.50B | $1.39B | $2.87B | — |
| Depreciation and amortisation | $2.30B | $2.27B | $1.54B | $1.23B | $1.36B | $1.77B | $2.68B | — |
| Stock-based compensation | — | — | — | $348.0M | $175.0M | $47.0M | $138.0M | — |
| Investing cash flow | -$2.15B | -$924.0M | -$2.14B | -$1.51B | -$833.0M | -$1.47B | -$3.45B | — |
| Financing cash flow | -$2.50B | -$2.16B | -$1.15B | -$3.49B | -$2.62B | $93.0M | $112.0M | — |
| Dividends paid | $360.0M | $353.0M | $308.0M | $207.0M | $52.0M | $123.0M | $376.0M | — |
| Buybacks | $283.0M | $247.0M | $331.0M | $1.42B | $847.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-149453.
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