APA CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 4,493 | 42.4 |
| Stockholders' equity | 6,093 | 57.6 |
| Total capitalization | 10,586 | 100.0 |
350,351,510 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 4,493 |
| Long-term debt, noncurrent | 4,280 |
| Current maturities | 213 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 860,000,000 |
| Common shares issued | 492,038,127 |
| Treasury shares | 139,073,481 |
| Par or stated value per share ($) | 0.625 |
| Outstanding at 7/31/26 | 350,351,510 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.00 | 25.1 |
| 2024 | 1.00 | 44.1 |
| 2023 | 1.00 | 10.8 |
| 2022 | 0.75 | 6.8 |
| 2021 | 0.24 | 9.2 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 1311, Crude Petroleum & Natural Gas. Large accelerated filer. Principal executive office: 2000 W Sam Houston Pkwy S, Suite 200, Houston, TX 77042. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Depreciation and amortization | 2,304 | 2,266 | 1,540 |
| Operating income | 3,087 | 2,444 | 3,696 |
| Interest expense | 323 | 402 | 351 |
| Income before income taxes | 2,791 | 1,535 | 2,883 |
| Income taxes | 1,099 | 417 | (324) |
| Net income | 1,434 | 804 | 2,855 |
| Earned per share, diluted ($) | 3.99 | 2.27 | 9.25 |
| Dividends per share ($) | 1.00 | 1.00 | 1.00 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 516 | 625 |
| Receivables, net | 1,062 | 1,959 |
| Inventories | 351 | 425 |
| Total current assets | 2,121 | 3,404 |
| Property, plant and equipment, net | 146 | 183 |
| Total assets | 17,761 | 19,390 |
| Total current liabilities | 2,571 | 2,955 |
| Long-term debt | 4,280 | 5,991 |
| Stockholders' equity | 6,093 | 5,280 |
| Total liabilities and equity | 17,761 | 19,390 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | – | 3,087 | 1,434 | – | 3.99 | 1.00 | 4,545 | – | – | 17,761 | 10,758d | 4,493 | 6,093 | 23.5 | 0.74 |
| 12/31/24 | – | 2,444 | 804 | – | 2.27 | 1.00 | 3,620 | – | – | 19,390 | 13,028d | 6,044 | 5,280 | 15.2 | 1.14 |
| 12/31/23 | – | 3,696 | 2,855 | – | 9.25 | 1.00 | 3,129 | – | – | 15,244 | 11,553d | 5,188 | 2,655 | 107.5 | 1.95 |
| 12/31/22 | – | 5,565 | 3,674 | – | 11.02 | 0.75 | 4,943 | – | – | 13,147 | 11,802d | 5,453 | 423 | 868.6 | 12.89 |
| 12/31/21 | – | 2,860 | 973 | – | 2.59 | 0.24 | 3,496 | – | – | 13,303 | 14,020d | 7,510 | (1,595) | -61.0 | -4.71 |
| 12/31/20 | – | (4,102) | (4,860) | – | (12.86) | 0.10 | 1,388 | – | – | 12,746 | 13,391d | 8,772 | (1,639) | 296.5 | -5.35 |
| 12/31/19 | – | (2,152) | (3,553) | – | (9.43) | 1.00 | 2,867 | – | – | 18,107 | 13,642d | – | 4,465 | -79.6 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
APA Corp
CIK 1841666 · EIN 86-1430562
PRINCIPAL OFFICE:
2000 W Sam Houston Pkwy S, Suite 200, Houston, TX 77042
Tel.: 713.296.6000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
1311 · Crude Petroleum & Natural Gas
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 26 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/28/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/22/22). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.