APA Corp
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APA Q2 2025 request
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Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Oil And Gas | 2,178 | 2,543 | -14.4% |
| Oil And Gas Purchased | 460 | 342 | +34.5% |
| Oil And Gas Purchased · Segment United States [Member] | 460 | 342 | +34.5% |
| Oil And Gas · Egypt | 630 | 746 | -15.5% |
| Oil And Gas · North Sea | 166 | 267 | -37.8% |
| Oil And Gas · Segment United States [Member] | 1,382 | 1,530 | -9.7% |
| Oil and gas, excluding purchased | 1,718 | 2,201 | -21.9% |
| Oil and gas, excluding purchased · Egypt | 109 | 73 | +49.3% |
| Oil and gas, excluding purchased · Egypt | 521 | 673 | -22.6% |
| Oil and gas, excluding purchased · Egypt | 630 | 746 | -15.5% |
| Oil and gas, excluding purchased · Natural Gas Liquids Reserves | 153 | 159 | -3.8% |
| Oil and gas, excluding purchased · Natural Gas Reserves | 184 | 135 | +36.3% |
| Oil and gas, excluding purchased · North Sea | 9 | 7 | +28.6% |
| Oil and gas, excluding purchased · North Sea | 27 | 47 | -42.6% |
| Oil and gas, excluding purchased · North Sea | 130 | 213 | -39.0% |
| Oil and gas, excluding purchased · North Sea | 166 | 267 | -37.8% |
| Oil and gas, excluding purchased · Oil Reserves | 1,381 | 1,907 | -27.6% |
| Oil and gas, excluding purchased · Segment United States [Member] | 144 | 152 | -5.3% |
| Oil and gas, excluding purchased · Segment United States [Member] | 48 | 15 | +220.0% |
| Oil and gas, excluding purchased · Segment United States [Member] | 730 | 1,021 | -28.5% |
| Oil and gas, excluding purchased · Segment United States [Member] | 922 | 1,188 | -22.4% |
| Cost of Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Oil And Gas Purchased | 304 | 210 | +44.8% |
| Oil And Gas Purchased · Segment United States [Member] | 304 | 210 | +44.8% |
| Oil and gas, excluding purchased | 104 | 121 | -14.0% |
| Oil and gas, excluding purchased · Egypt | 7 | 7 | 0.0% |
| Oil and gas, excluding purchased · North Sea | 12 | 16 | -25.0% |
| Oil and gas, excluding purchased · Segment United States [Member] | 85 | 98 | -13.3% |
| Total Costs & Expenses | 1,584 | 1,864 | -15.0% |
| General & Administrative | 66 | 85 | -22.4% |
| Operating Expenses | 1,441 | 1,564 | -7.9% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 296 | 307 | -3.6% |
| North Sea · Operating Segments | 164 | 235 | -30.2% |
| Segment United States [Member] · Operating Segments | 979 | 1,014 | -3.5% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 2 | 8 | -75.0% |
| Operating Income | 737 | 979 | -24.7% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 334 | 439 | -23.9% |
| North Sea · Operating Segments | 2 | 32 | -93.8% |
| Segment United States [Member] · Operating Segments | 403 | 516 | -21.9% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -2 | -8 | +75.0% |
| Interest Income | -3 | -3 | 0.0% |
| Other Non-Operating Income (Expense) | 14 | -7 | +300.0% |
| Income Before Taxes | 1,028 | 928 | +10.8% |
| Net Income | 603 | 541 | +11.5% |
Show Equity Components breakouts |
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| Parent | 603 | 541 | +11.5% |
| Retained Earnings | 603 | 541 | +11.5% |
| Net Income | 665 | 620 | +7.3% |
| Comprehensive Income | 602 | 540 | +11.5% |
| EPS (Basic) | 1.67 | 1.46 | +14.4% |
| EPS (Diluted) | 1.67 | 1.46 | +14.4% |
| Wtd Avg Shares (Basic) | 361 | 371 | -2.7% |
| Wtd Avg Shares (Diluted) | 361 | 372 | -3.0% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 107 | 160 | -33.1% |
| Accounts Receivable | 1,509 | 1,936 | -22.1% |
| Inventory | 386 | 466 | -17.2% |
| Prepaid Expenses & Other Current Assets | 27 | 80 | -66.2% |
| Total Current Assets | 2,288 | 2,918 | -21.6% |
| Non-Current Assets | |||
| Deferred Tax Assets | 2,517 | 2,259 | +11.4% |
| Total Assets | 18,078 | 20,195 | -10.5% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 3,386 | 3,740 | -9.5% |
| North Sea · Operating Segments | 1,163 | 1,844 | -36.9% |
| Segment United States [Member] · Operating Segments | 12,752 | 14,075 | -9.4% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 777 | 536 | +45.0% |
| Current Liabilities | |||
| Accounts Payable | 1,074 | 1,012 | +6.1% |
| Total Current Liabilities | 2,844 | 2,889 | -1.6% |
| Debt Current | 263 | 2 | +13050.0% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 513 | 531 | -3.4% |
| Stockholders' Equity | |||
| Common Stock | 308 | 307 | +0.3% |
| Additional Paid-In Capital | 12,980 | 13,322 | -2.6% |
| Retained Earnings | -1,205 | -2,286 | +47.3% |
| Accumulated Other Comprehensive Income | 11 | 14 | -21.4% |
| Total Stockholders' Equity | 5,905 | 5,423 | +8.9% |
| Total Liabilities & Equity | 18,078 | 20,195 | -10.5% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 1,173 | 1,018 | +15.2% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 302 | 297 | +1.7% |
| North Sea · Operating Segments | 124 | 146 | -15.1% |
| Segment United States [Member] · Operating Segments | 747 | 575 | +29.9% |
| Deferred Income Taxes | 170 | -42 | +504.8% |
| Other Non-Cash Items | 18 | 31 | -41.9% |
| Change in Accounts Receivable | 433 | -101 | +528.7% |
| Change in Inventory | 5 | -2 | +350.0% |
| Change in Accounts Payable | -153 | -125 | -22.4% |
| Change in Prepaid & Other Assets | 1 | 80 | -98.8% |
| Net Cash from Operations | 2,277 | 1,245 | +82.9% |
| Investing Activities | |||
| Other Investing Activities | 5 | -23 | +121.7% |
| Net Cash from Investing | -881 | -152 | -479.6% |
| Financing Activities | |||
| Amortization of Financing Costs | 4 | 3 | +33.3% |
| Net Cash from Financing | -1,914 | -1,020 | -87.6% |
| Supplemental | |||
| Income Taxes Paid | 542 | 566 | -4.2% |
| Interest Paid | 155 | 178 | -12.9% |
| Other Cash Flow | |||
| Net Change in Cash | -518 | 73 | -809.6% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.