Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.9B | $5.4B | $1.4B | $1.8B | 23.5% | -8.4% | 78.4% |
| 2024 | $9.7B | $4.2B | $804M | $709M | 15.2% | 17.6% | -71.8% |
| 2023 | $8.3B | $4.8B | $2.9B | $772M | 107.5% | -25.2% | -20.8% |
| 2022 | $11.1B | $7.3B | $3.6B | $2.5B | 852.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,075 | 8,279 | 9,737 | 8,920 |
| Cost Of Revenue | - | 4,820 | 4,052 | 5,435 | 5,302 |
| Gross Profit | - | 6,255 | 4,227 | 4,302 | 3,618 |
| Operating Expense | - | 1,173 | 869 | 1,103 | 868 |
| Operating Income | - | 5,082 | 3,358 | 3,199 | 2,750 |
| EBITDA | - | 7,281 | 4,750 | 4,174 | 5,373 |
| EBIT | - | 6,048 | 3,210 | 1,908 | 3,069 |
| Pretax Income | - | 5,734 | 2,883 | 1,535 | 2,791 |
| Tax Provision | - | 1,652 | -324 | 417 | 1,099 |
| Net Income | - | 3,604 | 2,855 | 804 | 1,434 |
| Net Income Common Stockholders | - | 3,674 | 2,855 | 804 | 1,434 |
| Total Expenses | - | 5,993 | 4,921 | 6,538 | 6,170 |
| Interest Expense | - | 314 | 327 | 373 | 278 |
| Interest Income | - | 10 | 10 | 12 | 25 |
| Selling General And Administration | - | 483 | 351 | 372 | 350 |
| Normalized EBITDA | - | 6,465 | 4,922 | 5,465 | 5,064 |
| Normalized Income | - | 3,023.09 | 2,990.88 | 1,743.85 | 1,246.75 |
| Market Cap | 13,333.80 | 13,333.80 | 13,333.80 | 13,333.80 | 13,333.80 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| APA Corporationthis co. | APA | - | 9.30↓ discount | 2.19 | 23.5% | 3.24 |
| ONEOK, Inc. | OKE | $54.7B | 16.25 | 2.45 | 15.1% | 11.28 |
| Targa Resources Corp. | TRGP | $53.7B | 26.90 | 16.86 | 62.7% | 14.23 |
| EQT Corporation | EQT | $36.1B | 18.07 | 1.55 | 8.6% | 7.41 |
| Halliburton Company | HAL | $34.5B | 26.27 | 3.22 |
| - |
| - |
| - |
| - |
| - |
| 12.3% |
| 12.16 |
| Texas Pacific Land Corporation | TPL | $30.3B | 62.86 | 20.74 | 33.0% | 44.73 |
| Devon Energy Corporation | DVN | $30.3B | 11.28 | 1.92 | 17.0% | 4.89 |
| Coterra Energy Inc. | CTRA | $25.6B | 14.83 | 1.72 | 11.6% | 6.05 |
| Expand Energy Corporation | EXE | $22.9B | 12.75 | 1.25 | 9.8% | 5.03 |
| Peer Median | - | 17.16 | 2.19 | 13.7% | 9.35 | |