APA — APA Corporation Energy · Oil & Gas E&P NASDAQ
$35.56
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in US Dollars (USD)
USD FY2025 FY2024 FY2023 FY2022 Revenue 8.92B 9.74B 8.28B 11.07B YoY Growth -8.4% +17.6% -25.2% — Gross Profit 3.62B 4.30B 4.23B 6.25B Gross Margin 40.6% 44.2% 51.1% 56.5% R&D — — — — SG&A 350.00M 372.00M 351.00M 483.00M EBIT 2.75B 3.20B 3.36B 5.08B EBIT Margin 30.8% 32.9% 40.6% 45.9% D&A 2.30B 2.27B 1.54B 1.23B EBITDA 5.37B 4.17B 4.75B 7.28B EBITDA Margin 60.2% 42.9% 57.4% 65.7% Net Income 1.43B 804.00M 2.85B 3.60B Net Margin 16.1% 8.3% 34.5% 32.5% EPS (diluted) — $2.27 $9.25 $11.02 Shares (dil., M) — 353 309 333
Company Brief
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has oil and gas operations in the United States, Egypt, and North Sea. It also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.
CEO Mr. John J. Christmann IV Employees 1,791 IPO Date 1979-05-15 Country United States Website www.apacorp.com Margins (TTM)
Gross Margin 40.6% EBITDA Margin 60.2% EBIT Margin 30.8% Net Margin 16.1% FCF Margin 19.9%
Returns on Capital
ROIC 15.6% ROCE 18.1% ROE 23.5% ROA 8.1% Asset Turnover 0.50×
Earnings Quality
FCF / Net Income 124.1% SBC / Net Income — SBC / Revenue — Capex / D&A 1.20×
Growth (CAGR)
Metric 3yr Revenue -7.0% EPS -54.6% FCF -11.3% Dividend —
Ownership
Float 99.3% Shares Out. 353.4M Insiders % 0.4% Institutions % 104.9% Institutions (of float) 105.3% Institution holders 1,031 Insider net buy 6M +0.6%
Balance Sheet
Cash & ST Invest. $516.0M Total Debt $4.6B Net Cash / (Debt) -$4.1B Total Assets $17.8B Total Equity $6.1B Goodwill & Intang. — Tangible Book Value $6.1B NCAV (Graham) -$9.5B Tangible Book/sh $17.24 NCAV/sh -$27.01
Leverage
D/E Ratio 0.75× Net Debt / EBITDA 0.76× Interest Coverage 9.89× Current Ratio 0.82× Quick Ratio 0.69×
Capital Allocation (last FY)
Capex $2.8B Capex / Revenue 31.0% SBC — Dividends Paid $360.0M Buybacks —
Dividends
Annual DPS $1.00 Yield (fwd) 2.81% Payout Ratio 25.1% Ex-div Date 2026-04-22
Valuation vs History
P/E vs 4Y 9.6× vs 4.2× median Div yield vs 10Y 241.0% vs 2.8% median
Buyback History
FY 2025 — -3.4%
FY 2024 — +20.4%
FY 2023 $329.0M -2.6%
FY 2022 $1.4B —
Margins (TTM)
Gross Margin 40.6% EBITDA Margin 60.2% EBIT Margin 30.8% Net Margin 16.1% FCF Margin 19.9%
Returns on Capital
ROIC 15.6% ROCE 18.1% ROE 23.5% ROA 8.1% Asset Turnover 0.50×
Earnings Quality
FCF / Net Income 124.1% SBC / Net Income — SBC / Revenue — Capex / D&A 1.20×
Growth (CAGR)
Metric 3yr Revenue -7.0% EPS -54.6% FCF -11.3% Dividend —
Ownership
Float 99.3% Shares Out. 353.4M Insiders % 0.4% Institutions % 104.9% Institutions (of float) 105.3% Institution holders 1,031 Insider net buy 6M +0.6%
$35.56
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in US Dollars (USD)
USD FY2025 FY2024 FY2023 FY2022 Revenue 8.92B 9.74B 8.28B 11.07B YoY Growth -8.4% +17.6% -25.2% — Gross Profit 3.62B 4.30B 4.23B 6.25B Gross Margin 40.6% 44.2% 51.1% 56.5% R&D — — — — SG&A 350.00M 372.00M 351.00M 483.00M EBIT 2.75B 3.20B 3.36B 5.08B EBIT Margin 30.8% 32.9% 40.6% 45.9% D&A 2.30B 2.27B 1.54B 1.23B EBITDA 5.37B 4.17B 4.75B 7.28B EBITDA Margin 60.2% 42.9% 57.4% 65.7% Net Income 1.43B 804.00M 2.85B 3.60B Net Margin 16.1% 8.3% 34.5% 32.5% EPS (diluted) — $2.27 $9.25 $11.02 Shares (dil., M) — 353 309 333
Company Brief
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has oil and gas operations in the United States, Egypt, and North Sea. It also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.
CEO Mr. John J. Christmann IV Employees 1,791 IPO Date 1979-05-15 Country United States Website www.apacorp.com Balance Sheet
Cash & ST Invest. $516.0M Total Debt $4.6B Net Cash / (Debt) -$4.1B Total Assets $17.8B Total Equity $6.1B Goodwill & Intang. — Tangible Book Value $6.1B NCAV (Graham) -$9.5B Tangible Book/sh $17.24 NCAV/sh -$27.01
Leverage
D/E Ratio 0.75× Net Debt / EBITDA 0.76× Interest Coverage 9.89× Current Ratio 0.82× Quick Ratio 0.69×
Capital Allocation (last FY)
Capex $2.8B Capex / Revenue 31.0% SBC — Dividends Paid $360.0M Buybacks —
Dividends
Annual DPS $1.00 Yield (fwd) 2.81% Payout Ratio 25.1% Ex-div Date 2026-04-22
Valuation vs History
P/E vs 4Y 9.6× vs 4.2× median Div yield vs 10Y 241.0% vs 2.8% median
Buyback History
FY 2025 — -3.4%
FY 2024 — +20.4%
FY 2023 $329.0M -2.6%
FY 2022 $1.4B —
Not investment advice Updated 4/17/2026
