APA Corp

APA 10-K · FY 2025

APA FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue (FY)
Show Product Lines breakouts
Natural gas and NGLs sales 7,229 8,196 -11.8%
Natural gas and NGLs sales · Egypt 460 313 +47.0%
Natural gas and NGLs sales · Egypt 2,177 2,620 -16.9%
Natural gas and NGLs sales · Egypt 2,637 2,933 -10.1%
Natural gas and NGLs sales · Natural Gas Liquids Reserves 650 646 +0.6%
Natural gas and NGLs sales · Natural Gas Reserves 770 584 +31.8%
Natural gas and NGLs sales · North Sea 34 29 +17.2%
Natural gas and NGLs sales · North Sea 117 145 -19.3%
Natural gas and NGLs sales · North Sea 622 774 -19.6%
Natural gas and NGLs sales · North Sea 773 948 -18.5%
Natural gas and NGLs sales · Oil Reserves 5,809 6,966 -16.6%
Natural gas and NGLs sales · U.S. 616 617 -0.2%
Natural gas and NGLs sales · U.S. 193 126 +53.2%
Natural gas and NGLs sales · U.S. 3,010 3,572 -15.7%
Natural gas and NGLs sales · U.S. 3,819 4,315 -11.5%
Oil And Gas 8,920 9,737 -8.4%
Oil And Gas Purchased 1,691 1,541 +9.7%
Oil And Gas Purchased · U.S. 1,691 1,541 +9.7%
Cost of Revenue (FY)
Show Product Lines breakouts
Natural gas and NGLs sales 424 432 -1.9%
Natural gas and NGLs sales · Egypt 24 25 -4.0%
Natural gas and NGLs sales · North Sea 54 53 +1.9%
Natural gas and NGLs sales · U.S. 346 354 -2.3%
Oil And Gas Purchased 1,070 1,047 +2.2%
Oil And Gas Purchased · U.S. 1,070 1,047 +2.2%
Total Costs & Expenses 6,429 8,202 -21.6%
General & Administrative 350 372 -5.9%
Operating Expenses 5,864 7,295 -19.6%
Show Business Segments breakouts
Egypt · Operating Segments 1,221 1,226 -0.4%
North Sea · Operating Segments 752 1,676 -55.1%
U.S. · Operating Segments 3,871 4,327 -10.5%
Show Consolidation Items breakouts
Intersegment Elimination 20 66 -69.7%
Operating Income 3,087 2,444 +26.3%
Show Business Segments breakouts
Egypt · Operating Segments 1,416 1,707 -17.0%
North Sea · Operating Segments 21 -728 +102.9%
U.S. · Operating Segments 1,670 1,531 +9.1%
Show Consolidation Items breakouts
Intersegment Elimination -20 -66 +69.7%
Interest Income -25 -12 -108.3%
Other Non-Operating Income (Expense) -8 -6 -33.3%
Income Before Taxes 2,791 1,535 +81.8%
Income Tax Expense (Benefit) 1,099 417 +163.5%
Net Income 1,692 1,118 +51.3%
Net Income 1,434 804 +78.4%
Show Equity Components breakouts
Parent 1,434 804 +78.4%
Retained Earnings 1,434 804 +78.4%
Comprehensive Income 1,432 801 +78.8%
EPS (Basic) 3.99 2.28 +75.0%
EPS (Diluted) 3.99 2.27 +75.8%
Wtd Avg Shares (Basic) 359 353 +1.7%
Wtd Avg Shares (Diluted) 359 353 +1.7%
Net Income Loss Available To Common Stockholders Basic 1,434 804 +78.4%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 516 625 -17.4%
Accounts Receivable 1,062 1,959 -45.8%
Inventory 351 425 -17.4%
Prepaid Expenses & Other Current Assets 80 54 +48.1%
Total Current Assets 2,121 3,404 -37.7%
Non-Current Assets
Deferred Tax Assets 2,328 2,703 -13.9%
Total Assets 17,761 19,390 -8.4%
Show Business Segments breakouts
Egypt · Operating Segments 3,055 3,606 -15.3%
North Sea · Operating Segments 1,216 1,324 -8.2%
U.S. · Operating Segments 12,568 13,870 -9.4%
Show Consolidation Items breakouts
Intersegment Elimination 922 590 +56.3%
Current Liabilities
Accounts Payable 871 1,224 -28.8%
Total Current Liabilities 2,571 2,955 -13.0%
Debt Current 213 53 +301.9%
Non-Current Liabilities
Operating Lease Liabilities 220
Other Non-Current Liabilities 426 548 -22.3%
Stockholders' Equity
Common Stock 308 307 +0.3%
Additional Paid-In Capital 12,816 13,153 -2.6%
Retained Earnings -721 -2,155 +66.5%
Accumulated Other Comprehensive Income 10 12 -16.7%
Total Stockholders' Equity 6,093 5,280 +15.4%
Total Liabilities & Equity 17,761 19,390 -8.4%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 2,304 2,266 +1.7%
Show Business Segments breakouts
Egypt · Operating Segments 630 625 +0.8%
North Sea · Operating Segments 240 301 -20.3%
U.S. · Operating Segments 1,434 1,340 +7.0%
Deferred Income Taxes 360 -736 +148.9%
Other Non-Cash Items 57 2 +2750.0%
Change in Accounts Receivable 850 -104 +917.3%
Change in Inventory 7 -11 +163.6%
Change in Accounts Payable -365 81 -550.6%
Change in Prepaid & Other Assets 36 11 +227.3%
Net Cash from Operations 4,545 3,620 +25.6%
Investing Activities
Other Investing Activities 2 -50 +104.0%
Net Cash from Investing -2,153 -924 -133.0%
Financing Activities
Amortization of Financing Costs 7 6 +16.7%
Net Cash from Financing -2,501 -2,158 -15.9%
Supplemental
Income Taxes Paid 999 1,097 -8.9%
Interest Paid 281 372 -24.5%
Other Cash Flow
Net Change in Cash -109 538 -120.3%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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