APA Corp (APA) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
2000 W SAM HOUSTON PKWY S HOUSTON, TX 77042 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 475,000,000 | 107,000,000 | 67,000,000 | 625,000,000 | 64,000,000 | 160,000,000 | |||
| Cash and cash equivalent | 475,000,000 | 107,000,000 | 67,000,000 | 625,000,000 | 64,000,000 | 160,000,000 | |||
| Receivables | 1,014,000,000 | 1,509,000,000 | 1,822,000,000 | 1,959,000,000 | 1,652,000,000 | 1,936,000,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 361,000,000 | 386,000,000 | 397,000,000 | 425,000,000 | 501,000,000 | 466,000,000 | |||
| Inventory | 361,000,000 | 386,000,000 | 397,000,000 | 425,000,000 | 501,000,000 | 466,000,000 | |||
| Disposal group, including discontinued operation | 1,091,000,000 | ||||||||
| Other current assets | 484,000,000 | 672,000,000 | 555,000,000 | 820,000,000 | 813,000,000 | 822,000,000 | |||
| Other undisclosed current assets | (361,000,000) | (386,000,000) | (397,000,000) | (425,000,000) | (501,000,000) | (466,000,000) | |||
| Total current assets: | 1,973,000,000 | 2,288,000,000 | 2,444,000,000 | 3,404,000,000 | 3,620,000,000 | 2,918,000,000 | |||
| Noncurrent Assets | |||||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 45,259,000,000 | 44,630,000,000 | 45,473,000,000 | 44,698,000,000 | 44,026,000,000 | 49,416,000,000 | |||
| Deferred income tax assets | 2,384,000,000 | 2,517,000,000 | 2,674,000,000 | 2,703,000,000 | 2,550,000,000 | 2,259,000,000 | |||
| Other undisclosed noncurrent assets | (31,917,000,000) | (31,357,000,000) | (32,060,000,000) | (31,415,000,000) | (30,820,000,000) | (34,398,000,000) | |||
| Total noncurrent assets: | 15,726,000,000 | 15,790,000,000 | 16,087,000,000 | 15,986,000,000 | 15,756,000,000 | 17,277,000,000 | |||
| TOTAL ASSETS: | 17,699,000,000 | 18,078,000,000 | 18,531,000,000 | 19,390,000,000 | 19,376,000,000 | 20,195,000,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 920,000,000 | 1,074,000,000 | 1,106,000,000 | 1,224,000,000 | 939,000,000 | 1,012,000,000 | |||
| Accounts payable | 920,000,000 | 1,074,000,000 | 1,106,000,000 | 1,224,000,000 | 939,000,000 | 1,012,000,000 | |||
| Debt | 213,000,000 | 263,000,000 | 131,000,000 | 53,000,000 | 2,000,000 | 2,000,000 | |||
| Disposal group, including discontinued operation | 224,000,000 | ||||||||
| Other liabilities | 1,412,000,000 | 1,507,000,000 | 1,524,000,000 | 1,678,000,000 | 1,760,000,000 | 1,875,000,000 | |||
| Total current liabilities: | 2,545,000,000 | 2,844,000,000 | 2,761,000,000 | 2,955,000,000 | 2,925,000,000 | 2,889,000,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,275,000,000 | 4,288,000,000 | 5,237,000,000 | 5,991,000,000 | 6,370,000,000 | 6,741,000,000 | |||
| Finance lease, liability | 28,000,000 | ||||||||
| Other undisclosed long-term debt and lease obligation | 4,275,000,000 | 4,288,000,000 | 5,237,000,000 | 5,963,000,000 | 6,370,000,000 | 6,741,000,000 | |||
| Liabilities, other than long-term debt, including: | 4,016,000,000 | 4,043,000,000 | 4,070,000,000 | 4,082,000,000 | 3,921,000,000 | 4,070,000,000 | |||
| Asset retirement obligations | 2,647,000,000 | 2,621,000,000 | 2,610,000,000 | 2,591,000,000 | 2,502,000,000 | 2,515,000,000 | |||
| Deferred income tax liabilities | 23,000,000 | 14,000,000 | 86,000,000 | 256,000,000 | |||||
| Other liabilities | 511,000,000 | 513,000,000 | 509,000,000 | 548,000,000 | 574,000,000 | 531,000,000 | |||
| Operating lease, liability | 255,000,000 | ||||||||
| Derivative instruments and hedges, liabilities | 18,000,000 | 14,000,000 | 18,000,000 | ||||||
| Other undisclosed liabilities, other than long-term debt | 858,000,000 | 909,000,000 | 928,000,000 | 656,000,000 | 745,000,000 | 750,000,000 | |||
| Total noncurrent liabilities: | 8,291,000,000 | 8,331,000,000 | 9,307,000,000 | 10,073,000,000 | 10,291,000,000 | 10,811,000,000 | |||
| Total liabilities: | 10,836,000,000 | 11,175,000,000 | 12,068,000,000 | 13,028,000,000 | 13,216,000,000 | 13,700,000,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,965,000,000 | 5,905,000,000 | 5,436,000,000 | 5,280,000,000 | 5,114,000,000 | 5,423,000,000 | |||
| Common stock | 308,000,000 | 308,000,000 | 307,000,000 | 307,000,000 | 307,000,000 | 307,000,000 | |||
| Treasury stock, value | (6,254,000,000) | (6,189,000,000) | (6,138,000,000) | (6,037,000,000) | (5,937,000,000) | (5,934,000,000) | |||
| Additional paid in capital | 12,900,000,000 | 12,980,000,000 | 13,063,000,000 | 13,153,000,000 | 13,239,000,000 | 13,322,000,000 | |||
| Accumulated other comprehensive income | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 14,000,000 | 14,000,000 | |||
| Accumulated deficit | (1,000,000,000) | (1,205,000,000) | (1,808,000,000) | (2,155,000,000) | (2,509,000,000) | (2,286,000,000) | |||
| Equity, attributable to noncontrolling interest | 898,000,000 | 998,000,000 | 1,027,000,000 | 1,046,000,000 | 1,072,000,000 | ||||
| Other undisclosed equity | 1,082,000,000 | ||||||||
| Total equity: | 6,863,000,000 | 6,903,000,000 | 6,463,000,000 | 6,362,000,000 | 6,160,000,000 | 6,495,000,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 17,699,000,000 | 18,078,000,000 | 18,531,000,000 | 19,390,000,000 | 19,376,000,000 | 20,195,000,000 | |||
Income Statement (P&L) (USD)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | (159,000,000) | (143,000,000) | (78,000,000) | (205,000,000) | (206,000,000) | (300,000,000) | ||
| Operating expenses | (1,348,000,000) | (1,441,000,000) | (1,771,000,000) | (1,797,000,000) | (2,674,000,000) | (1,564,000,000) | ||
| Other undisclosed operating income (loss) | 2,274,000,000 | 2,321,000,000 | 2,714,000,000 | 2,917,000,000 | 2,737,000,000 | 2,843,000,000 | ||
| Operating income (loss): | 767,000,000 | 737,000,000 | 865,000,000 | 915,000,000 | (143,000,000) | 979,000,000 | ||
| Nonoperating income (expense) | (88,000,000) | 155,000,000 | (18,000,000) | (21,000,000) | 10,000,000 | (7,000,000) | ||
| Investment income, nonoperating | (83,000,000) | 141,000,000 | (24,000,000) | 11,000,000 | (8,000,000) | |||
| Other nonoperating income (expense) | (5,000,000) | 14,000,000 | 6,000,000 | (32,000,000) | 18,000,000 | (7,000,000) | ||
| Interest and debt expense | (70,000,000) | (83,000,000) | 51,000,000 | (100,000,000) | (109,000,000) | (108,000,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 609,000,000 | 809,000,000 | 898,000,000 | 794,000,000 | (242,000,000) | 864,000,000 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (98,000,000) | 219,000,000 | (135,000,000) | (294,000,000) | (98,000,000) | 64,000,000 | ||
| Income (loss) from continuing operations before income taxes: | 511,000,000 | 1,028,000,000 | 763,000,000 | 500,000,000 | (340,000,000) | 928,000,000 | ||
| Income tax expense (benefit) | (233,000,000) | (363,000,000) | (345,000,000) | (75,000,000) | 201,000,000 | (308,000,000) | ||
| Net income (loss): | 278,000,000 | 665,000,000 | 418,000,000 | 425,000,000 | (139,000,000) | 620,000,000 | ||
| Net loss attributable to noncontrolling interest | (73,000,000) | (62,000,000) | (71,000,000) | (84,000,000) | (79,000,000) | |||
| Other undisclosed net income attributable to parent | 243,000,000 | |||||||
| Net income (loss) attributable to parent: | 205,000,000 | 603,000,000 | 347,000,000 | 668,000,000 | (223,000,000) | 541,000,000 | ||
| Other undisclosed net loss available to common stockholders, basic | (314,000,000) | |||||||
| Net income (loss) available to common stockholders, diluted: | 205,000,000 | 603,000,000 | 347,000,000 | 354,000,000 | (223,000,000) | 541,000,000 | ||
Comprehensive Income (USD)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 278,000,000 | 665,000,000 | 418,000,000 | 425,000,000 | (139,000,000) | 620,000,000 | ||
| Other undisclosed comprehensive loss | (1,000,000) | (2,000,000) | (1,000,000) | |||||
| Comprehensive income (loss): | 278,000,000 | 664,000,000 | 418,000,000 | 423,000,000 | (139,000,000) | 619,000,000 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (73,000,000) | (62,000,000) | (71,000,000) | (84,000,000) | (79,000,000) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (71,000,000) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 205,000,000 | 602,000,000 | 347,000,000 | 352,000,000 | (223,000,000) | 540,000,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.