APA Corporation

Energy

NASDAQ:APA · NASDAQ Global Select

Market Cap $13.10B Beta 0.33 P/E (TTM) 8.6

$37.07 +0.79%

+$0.29 today

52W Low $17.74High $45.66

Vol 2.54M · Avg 7.76M

EPS (TTM)$4.33

Div Yield2.70%

Oil & Gas Exploration & Production

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Earnings Waterfall

Revenue to Net Income

Income Statement

Key Ratios

EPS$4.29

Gross Margin52.7%

Net Margin17.6%

P/E Ratio7.4

P/S Ratio4.5

Analysis

$8.6B of revenue converted into $1.5B of net income for the selected period. Gross margin is 52.7% and net margin is 17.6%, showing how much revenue survives after costs and taxes. EPS is $4.29, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	$8.9B -8.4%	$9.7B +17.6%	$8.3B -25.2%	$11.1B +38.7%	$8.0B	$809.6M	$921.6M	$731.2M
Cost of Revenue	$5.6B +2.9%	$5.4B +34.1%	$4.1B -15.9%	$4.8B +8.4%	$4.4B	$725.6M	$804.0M	$882.4M

Gross Profit	$3.3B -22.6%	$4.3B +1.8%	$4.2B -32.4%	$6.3B +76.7%	$3.5B	$8.9B	$7.6B	$6.2B

Gross Margin	37.3% -6.9pp	44.2% -6.9pp	51.1% -5.4pp	56.5% +12.1pp	44.3%	9.8%	28.9%	38.3%
Research & Development	$0	$0	$0	$0	$0	$983.2M	$1.3B	$490.4M
Selling, General & Admin	$350.0M -5.9%	$372.0M +6.0%	$351.0M -27.3%	$483.0M +28.5%	$376.0M	$620.6M	$923.0M	-$1.5B

Operating Expenses	$579.0M -47.5%	$1.1B +26.9%	$869.0M -25.9%	$1.2B +38.3%	$848.0M	$5.3B	$7.0B	$8.7B
Depreciation & Amortization	$2.5B +11.7%	$2.3B +47.1%	$1.5B -1.1%	$1.6B +14.5%	$1.4B	$374.2M	$1.2B	$631.8M

EBITDA	$5.4B +30.2%	$4.2B -12.1%	$4.8B -37.6%	$7.6B +107.9%	$3.7B	-$15.2B	$6.8B	$9.3B
EBITDA Margin	60.9% +18.1pp	42.9% -14.5pp	57.4% -11.4pp	68.7% +22.9pp	45.8%	5.6%	46.3%	42.0%

Operating Income	$2.8B -14.0%	$3.2B -4.7%	$3.4B -33.9%	$5.1B +88.8%	$2.7B	$12.3B	$14.0B	-$15.7B

Operating Margin	30.8% -2.0pp	32.9% -7.7pp	40.6% -5.3pp	45.9% +12.2pp	33.7%	16.6%	24.1%	22.0%
Interest Income	$0 -100.0%	$12.0M +20.0%	$10.0M +0.0%	$10.0M +25.0%	$8.0M	-$1.5B	-$1.6B	$405.0M
Interest Expense	$113.0M -70.2%	$379.0M +14.5%	$331.0M +2.8%	$322.0M -23.0%	$418.0M	$1.1B	$1.0B	$1.2B
Other Income / Expenses	$41.0M +102.5%	-$1.7B -250.3%	-$475.0M -172.9%	$652.0M +181.4%	-$801.0M	-$1.5B	$1.4B	$1.2B

Income Before Tax	$2.8B +81.8%	$1.5B -46.8%	$2.9B -49.7%	$5.7B +203.2%	$1.9B	$3.3B	$4.9B	$3.6B
Pre-Tax Margin	31.3% +15.5pp	15.8% -19.1pp	34.8% -17.0pp	51.8% +28.1pp	23.7%	20.8%	18.7%	26.2%
Income Tax Expense	$1.1B +163.5%	$417.0M +228.7%	-$324.0M -119.6%	$1.7B +185.8%	$578.0M	$1.3B	-$1.6B	$745.2M

Net Income	$1.4B +78.4%	$804.0M -71.8%	$2.9B -22.3%	$3.7B +223.7%	$1.1B	$4.9B	$4.8B	$4.7B

Net Margin	16.1% +7.8pp	8.3% -26.2pp	34.5% +1.3pp	33.2% +19.0pp	14.2%	12.4%	17.5%	22.5%
EPS (Basic)	$4 +75.0%	$2 -75.4%	$9 -16.3%	$11 +325.8%	$3	$400.8M	$703.2M	$1.3B
EPS (Diluted)	$4 +75.0%	$2 -75.4%	$9 -16.1%	$11 +325.5%	$3	$766.2M	$609.4M	$452.6M
Weighted Avg Shares	$359.0M +1.7%	$353.0M +14.6%	$308.0M -7.2%	$332.0M -11.2%	$374.0M	$757.8M	$925.8M	$1.1B
Weighted Avg Shares (Diluted)	$359.0M +1.7%	$353.0M +14.2%	$309.0M -7.2%	$333.0M -11.2%	$375.0M	$1.2B	$924.4M	$678.0M