APA Corp
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APA Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Oil And Gas | 2,327 | 2,636 | -11.7% |
| Oil And Gas Purchased | 385 | 597 | -35.5% |
| Oil And Gas Purchased · U.S. | 385 | 597 | -35.5% |
| Oil and gas, excluding purchased | 1,942 | 2,039 | -4.8% |
| Oil and gas, excluding purchased · Egypt | 138 | 91 | +51.6% |
| Oil and gas, excluding purchased · Egypt | 671 | 582 | +15.3% |
| Oil and gas, excluding purchased · Egypt | 809 | 673 | +20.2% |
| Oil and gas, excluding purchased · Natural Gas Liquids Reserves | 141 | 206 | -31.6% |
| Oil and gas, excluding purchased · Natural Gas Reserves | 157 | 233 | -32.6% |
| Oil and gas, excluding purchased · North Sea | 12 | 10 | +20.0% |
| Oil and gas, excluding purchased · North Sea | 31 | 38 | -18.4% |
| Oil and gas, excluding purchased · North Sea | 164 | 202 | -18.8% |
| Oil and gas, excluding purchased · North Sea | 207 | 250 | -17.2% |
| Oil and gas, excluding purchased · Oil Reserves | 1,644 | 1,600 | +2.8% |
| Oil and gas, excluding purchased · U.S. | 129 | 196 | -34.2% |
| Oil and gas, excluding purchased · U.S. | -12 | 104 | -111.5% |
| Oil and gas, excluding purchased · U.S. | 809 | 816 | -0.9% |
| Oil and gas, excluding purchased · U.S. | 926 | 1,116 | -17.0% |
| Cost of Revenue (Q) | — | — | — |
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| Oil And Gas Purchased | 75 | 474 | -84.2% |
| Oil And Gas Purchased · U.S. | 75 | 474 | -84.2% |
| Oil and gas, excluding purchased | 91 | 104 | -12.5% |
| Oil and gas, excluding purchased · Egypt | 8 | 5 | +60.0% |
| Oil and gas, excluding purchased · North Sea | 15 | 14 | +7.1% |
| Oil and gas, excluding purchased · U.S. | 68 | 85 | -20.0% |
| Total Costs & Expenses | 1,385 | 1,849 | -25.1% |
| General & Administrative | 115 | 98 | +17.3% |
| Operating Expenses | 1,206 | 1,771 | -31.9% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 288 | 288 | 0.0% |
| North Sea · Operating Segments | 189 | 212 | -10.8% |
| U.S. · Operating Segments | 726 | 1,264 | -42.6% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 3 | 7 | -57.1% |
| Operating Income | 1,055 | 865 | +22.0% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 521 | 385 | +35.3% |
| North Sea · Operating Segments | 18 | 38 | -52.6% |
| U.S. · Operating Segments | 519 | 449 | +15.6% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -3 | -7 | +57.1% |
| Other Non-Operating Income (Expense) | 1 | 6 | -83.3% |
| Income Before Taxes | 830 | 763 | +8.8% |
| Net Income | 543 | 418 | +29.9% |
| Net Income | 446 | 347 | +28.5% |
Show Equity Components breakouts |
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| Parent | 446 | 347 | +28.5% |
| Retained Earnings | 446 | 347 | +28.5% |
| Comprehensive Income | 446 | 347 | +28.5% |
| EPS (Basic) | 1.26 | 0.96 | +31.3% |
| EPS (Diluted) | 1.26 | 0.96 | +31.3% |
| Wtd Avg Shares (Basic) | 354 | 364 | -2.7% |
| Wtd Avg Shares (Diluted) | 354 | 364 | -2.7% |
| Net Income Loss Available To Common Stockholders Basic | 446 | 347 | +28.5% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 293 | 67 | +337.3% |
| Accounts Receivable | 1,456 | 1,822 | -20.1% |
| Inventory | 334 | 397 | -15.9% |
| Prepaid Expenses & Other Current Assets | 94 | 51 | +84.3% |
| Total Current Assets | 2,289 | 2,444 | -6.3% |
| Non-Current Assets | |||
| Deferred Tax Assets | 2,343 | 2,674 | -12.4% |
| Total Assets | 18,079 | 18,531 | -2.4% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 3,159 | 3,441 | -8.2% |
| North Sea · Operating Segments | 1,306 | 1,252 | +4.3% |
| U.S. · Operating Segments | 12,593 | 13,136 | -4.1% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 1,021 | 702 | +45.4% |
| Current Liabilities | |||
| Accounts Payable | 798 | 1,106 | -27.8% |
| Total Current Liabilities | 2,491 | 2,761 | -9.8% |
| Debt Current | 134 | 131 | +2.3% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 463 | 509 | -9.0% |
| Stockholders' Equity | |||
| Common Stock | 308 | 307 | +0.3% |
| Additional Paid-In Capital | 12,733 | 13,063 | -2.5% |
| Retained Earnings | -275 | -1,808 | +84.8% |
| Accumulated Other Comprehensive Income | 10 | 12 | -16.7% |
| Total Stockholders' Equity | 6,456 | 5,436 | +18.8% |
| Total Liabilities & Equity | 18,079 | 18,531 | -2.4% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 553 | 643 | -14.0% |
Show Business Segments breakouts |
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| Egypt · Operating Segments | 151 | 153 | -1.3% |
| North Sea · Operating Segments | 60 | 71 | -15.5% |
| U.S. · Operating Segments | 342 | 419 | -18.4% |
| Deferred Income Taxes | -15 | 39 | -138.5% |
| Other Non-Cash Items | 9 | 13 | -30.8% |
| Change in Accounts Receivable | -391 | 128 | -405.5% |
| Change in Inventory | 1 | 14 | -92.9% |
| Change in Accounts Payable | -71 | -122 | +41.8% |
| Change in Prepaid & Other Assets | 6 | 1 | +500.0% |
| Net Cash from Operations | 554 | 1,096 | -49.5% |
| Investing Activities | |||
| Other Investing Activities | 4 | 4 | 0.0% |
| Net Cash from Investing | -542 | -786 | +31.0% |
| Financing Activities | |||
| Amortization of Financing Costs | 1 | 2 | -50.0% |
| Net Cash from Financing | -235 | -868 | +72.9% |
| Supplemental | |||
| Income Taxes Paid | 280 | 296 | -5.4% |
| Interest Paid | 88 | 118 | -25.4% |
| Other Cash Flow | |||
| Net Change in Cash | -223 | -558 | +60.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.