Saturday 17 October 2026 Export APA’s income statement to Excel — free account

APA Corporation

APA Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.2 billion, down 5.31% from fiscal 2024. In the quarter to June 2026, revenue fell 8.15%, EPS grew 27.0%, free cash flow grew 4.61% and total debt fell 17.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

49.15 1.92 +4.07%

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Market cap: $16.6B
P/E: 10.4×
Fwd P/E: 5.8×
Dividend yield: 2.54%
F-score: 5/9
Altman Z: 1.44
Beneish M: −3.63
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.23

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	1	—	—	—	—	—

Insider Ownership 1.22%

Capital & Financial Ratios $m

Market Cap 16,550.00

Revenue 8,610.00

Net Income 1,979.00

Free Cash Flow 1,531.00

Net Debt 3,299.00

Current Ratio 0.95

Debt/Equity 0.47

P/E ratio 10.37

Fwd P/E 5.79

P/S ratio 2.02

P/B ratio 2.18

Past 5Y EPS Growth —

This Y EPS Growth 74.86%

Next Y EPS Growth (24.66%)

Next Y revenue growth (0.90%)

Next 5Y EPS Growth 3.28%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 66.65%

10-year low 10-year high

P/S against its own 10 years 74.24%

10-year low 10-year high

P/B against its own 10 years 56.43%

10-year low 10-year high

EV/Sales against its own 10 years 50.72%

10-year low 10-year high

EV/FCF against its own 10 years 44.85%

10-year low 10-year high

Dividends

Payout Ratio 0.26

Annual Dividend Rate 1.25

Annual Dividend Yield 2.54%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.00	0.25 0.25 0.25 0.25
2025	1.00	0.25 0.25 0.25 0.25
2024	1.00	0.25 0.25 0.25 0.25
2023	1.00	0.25 0.25 0.25 0.25
2022	0.63	0.13 0.13 0.13 0.25
2021	0.14	0.03 0.03 0.03 0.06
2020	0.33	0.25 0.03 0.03 0.03
2019	1.00	0.25 0.25 0.25 0.25
2018	1.00	0.25 0.25 0.25 0.25
2017	1.00	0.25 0.25 0.25 0.25
2016	1.00	0.25 0.25 0.25 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	87	625	516	444
Receivables	1,610	1,959	1,062	1,222
Inventory	—	—	—	—
Other	765	820	543	611
	2,462	3,404	2,121	2,277

	2023	2024	2025	Q'26
Payables	658	1,224	871	730
ST’ Debt	2	53	213	2
Other	1,744	1,678	1,487	1,675
	2,404	2,955	2,571	2,407

Compound Annual Growth %

	10y	5y	3y
Sales	2.96%	16.44%	(8.74%)
Cash Flow	5.48%	26.77%	(2.76%)
Earnings	0.00%	0.00%	(26.92%)
Book Value	(2.99%)	0.00%	73.32%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,215	2,399	—	—	—
’25	2,612	2,612	2,018	1,978	9,220
’24	1,903	2,792	2,540	2,502	9,737
’23	2,030	1,961	2,309	1,892	8,192
’22	3,828	3,052	2,872	2,380	12,132
’21	2,092	1,782	1,651	2,403	7,928
’20	1,279	596	1,144	1,289	4,308

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	554	1,706	—	—	—
’25	1,096	1,181	1,460	808	4,545
’24	368	877	1,339	1,036	3,620
’23	335	1,000	764	1,030	3,129
’22	891	1,535	1,104	1,413	4,943
’21	671	969	771	1,085	3,496
’20	502	84	304	498	1,388

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	1,135	—	—	—
’25	306	1,085	760	(372)	1,779
’24	(135)	823	403	(382)	709
’23	(193)	427	136	426	796
’22	1,280	1,130	700	26	3,136
’21	418	842	594	532	2,386
’20	97	(251)	71	197	114

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.26	2.11	—	—	—
’25	0.96	1.67	0.57	0.79	3.99
’24	0.44	1.46	(0.60)	0.96	2.27
’23	0.78	1.23	1.49	5.78	9.25
’22	5.43	2.71	1.28	1.38	11.02
’21	1.02	0.82	(0.30)	1.05	2.59
’20	(11.86)	(1.02)	(0.02)	(0.04)	(12.86)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.20	38.14	24.56	18.33	3.80	14.03	26.98	30.67	20.32	13.58	Analyst estimates 2026–2028 Powerpack
	High	69.00	64.92	50.03	38.12	33.77	31.14	51.95	46.98	36.91	27.72
People
People	Employees	3,727	3,356	3,420	3,163	2,272	2,253	2,273	2,271	2,305	1,791
	Revenue/emp, $m	1.44	1.91	2.27	2.07	1.90	3.52	5.34	3.61	4.22	5.15
Income, $m
Income, $m	Revenue	5,354	6,423	7,764	6,553	4,308	7,928	12,132	8,192	9,737	9,220
	Gross margin, %	96.26	96.96	91.14	93.16	85.35	76.74	82.34	86.87	84.81	83.80
	EBT	(1,682)	918	958	(3,008)	(4,840)	1,891	5,734	2,883	1,535	2,791
	EBT margin, %	(31.42)	14.29	12.34	(45.90)	(112.35)	23.85	47.26	35.19	15.76	30.27
	Net income	(1,273)	1,503	286	(3,682)	(4,904)	1,313	4,082	3,207	1,118	1,692
	Depreciation	2,618	2,280	2,405	2,680	1,772	1,360	1,233	1,540	2,266	2,304
Per share, $
Per share, $	Revenue	14.13	16.86	20.32	17.38	11.40	21.20	36.54	26.60	27.58	25.68
	Earnings	(3.71)	3.42	0.11	(9.43)	(12.86)	2.60	11.05	9.26	2.28	3.99
	Cash flow	6.41	6.37	9.89	7.60	3.67	9.35	14.89	10.16	10.26	12.66
	Capex	(4.79)	(5.25)	(9.86)	(5.95)	(3.37)	(2.97)	(5.44)	(7.57)	(8.25)	(7.70)
	Free cash flow	1.62	1.12	0.03	1.66	0.30	6.38	9.45	2.58	2.01	4.96
	Book value	20.26	23.07	23.07	11.84	(1.71)	(1.92)	4.05	11.98	18.02	19.51
	Shares, m	379	381	382	377	378	374	332	308	353	359
Valuation, ×
Valuation, ×	P/E	0.00	12.95	262.50	0.00	0.00	10.30	4.03	3.88	10.22	6.13
	P/S	4.51	2.63	1.29	1.47	1.25	1.27	1.19	1.36	0.84	0.95
	P/B	3.15	1.92	1.14	2.16	0.00	0.00	10.77	3.01	1.28	1.25
	EV/Sales	6.34	3.69	2.26	2.74	3.22	2.18	1.62	1.98	1.39	1.38
	EV/FCF	55.18	55.62	1,596.14	28.79	121.70	7.24	6.28	20.38	19.14	7.17
Cash, $m
Cash, $m	Operating cash flow	2,430	2,428	3,777	2,867	1,388	3,496	4,943	3,129	3,620	4,545
	Capex	(1,815)	(2,002)	(3,766)	(2,243)	(1,274)	(1,110)	(1,807)	(2,333)	(2,911)	(2,766)
	Free cash flow	615	426	11	624	114	2,386	3,136	796	709	1,779
Balance, $m
Balance, $m	Working capital	1,398	1,161	486	106	538	263	(208)	58	449	(450)
	Total debt	8,544	8,484	8,244	8,566	8,772	7,510	5,453	5,188	6,044	4,493
	Net debt	7,167	6,816	7,530	8,319	8,510	7,208	5,208	5,101	5,419	3,977
	Shareholders’ equity	7,679	8,791	8,812	4,465	(645)	(717)	1,345	3,691	6,362	7,003
Returns, %
Returns, %	ROA	(5.85)	5.87	0.18	(17.90)	(31.50)	7.47	27.78	20.11	4.64	7.72
	ROIC	(7.08)	3.68	3.66	(14.71)	(38.46)	18.21	54.69	20.49	8.14	15.89
	ROE	(16.37)	15.83	0.45	(53.52)	(254.45)	(142.88)	1,170.06	113.38	16.00	21.46

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EQT EQT Corporation	$32.8B	12.5×	10.8×	−29.24% (below 0%: shrinking)	−74.05% (below 0%: shrinking)	−42.53% (below 0%: shrinking)	73.19%	21.77%	Compare
TPL Texas Pacific Land Corporation	$23.9B	44.7×	42.5×	+31.20% (above 0%: growing)	+32.48% (above 0%: growing)	−63.88% (below 0%: shrinking)	100.00%	77.96%	Compare
EXE Expand Energy Corporation	$21.0B	8.0×	9.0×	−19.78% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	−49.71% (below 0%: shrinking)	72.91%	22.33%	Compare
PR Permian Resources Corporation	$19.8B	15.9×	11.5×	+55.15% (above 0%: growing)	+216.67% (above 0%: growing)	+872.22% (above 0%: growing)	80.07%	49.95%	Compare
APA APA Corporation	$16.6B	10.4×	5.8×	−8.15% (below 0%: shrinking)	+26.95% (above 0%: growing)	+4.61% (above 0%: growing)	101.46%	53.23%
AR Antero Resources Corporation	$11.2B	11.0×	7.2×	+20.22% (above 0%: growing)	+80.00% (above 0%: growing)	−289.65% (below 0%: shrinking)	41.92%	24.07%	Compare
RRC Range Resources Corporation	$9.7B	11.8×	9.5×	−2.65% (below 0%: shrinking)	−16.16% (below 0%: shrinking)	−72.91% (below 0%: shrinking)	92.10%	32.10%	Compare
SM SM Energy Company	$8.9B	7.7×	6.5×	+215.26% (above 0%: growing)	+154.55% (above 0%: growing)	+673.91% (above 0%: growing)	77.76%	59.84%	Compare
CHRD Chord Energy Corporation	$8.1B	10.4×	7.1×	+84.04% (above 0%: growing)	n/m	+2,825.56% (above 0%: growing)	50.96%	27.74%	Compare
Median of peers	$15.5B	11.4×	9.3×	+25.71%	+32.48%	−46.12%	75.48%	29.92%

All 73 Oil & Gas E&P stocks →

APA Corporation (APA) key facts

Concern: APA Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.2 billion, down 5.31% from fiscal 2024.
APA Corporation (APA) is an Oil & Gas E&P company in the Energy sector, listed on Nasdaq.
As of October 16, 2026, APA traded at $49.15, a market capitalization of $16.6 billion.
APA Corporation pays an annual dividend of $1.25 per share, a yield of 2.54%, with a payout ratio of 26.4%.
Return on equity was 21.5% and debt-to-equity 0.47.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.44 (distress zone) for fiscal 2025.