financial statements

The full income statement, balance sheet, and cash-flow statement for APA Corporation (APA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.86B YoY-19.6%	7.29B YoY+57.5%	4.63B YoY-16.0%	5.51B YoY+7.5%	5.13B YoY-40.0%
Selling, general & administrative	350M YoY-5.9%	372M YoY+6.0%	351M YoY-27.3%	483M YoY+28.5%	376M YoY+29.7%
General & administrative	350M YoY-5.9%	372M YoY+6.0%	351M YoY-27.3%	483M YoY+28.5%	376M YoY+29.7%
Restructuring	102M YoY-39.3%	168M YoY+1020.0%	15.0M YoY-42.3%	26.0M YoY+18.2%	22.0M YoY-59.3%
Provision for credit losses	20.0M YoY+122.2%	9.00M YoY-43.8%	16.0M YoY+77.8%	9.00M YoY-52.6%	19.0M YoY+171.4%
Operating income	3.09B YoY+26.3%	2.44B YoY-33.9%	3.70B YoY-33.6%	5.57B YoY+94.6%	2.86B YoY+169.7%
Interest & investment income	25.0M YoY+108.3%	12.0M YoY+20.0%	10.0M YoY+0.0%	10.0M YoY+25.0%	8.00M YoY+14.3%
Other non-operating income	-8.00M YoY-33.3%	-6.00M YoY-133.3%	18.0M YoY-87.8%	148M YoY-35.1%	228M YoY+256.3%
Pre-tax income	2.79B YoY+81.8%	1.53B YoY-46.8%	2.88B YoY-49.7%	5.73B YoY+203.2%	1.89B YoY+139.1%
Income tax	1.10B YoY+163.5%	417M YoY+228.7%	-324M YoY-119.6%	1.65B YoY+185.8%	578M YoY+803.1%
	1.43B YoY+78.4%	804M YoY-71.8%	2.85B YoY-22.3%	3.67B YoY+277.6%	973M YoY+119.8%
Net income to common	1.43B YoY+78.4%	804M YoY-71.8%	2.85B YoY-22.3%	3.67B YoY+277.6%	973M YoY+120.0%
	$3.99 YoY+75.8%	$2.27 YoY-75.5%	$9.25 YoY-16.1%	$11.02 YoY+325.5%	$2.59 YoY+120.1%
EPS (basic)	$3.99 YoY+75.0%	$2.28 YoY-75.4%	$9.26 YoY-16.2%	$11.05 YoY+325.0%	$2.60 YoY+120.2%
Weighted-avg shares (basic)	359M YoY+1.7%	353M YoY+14.6%	308M YoY-7.2%	332M YoY-11.2%	374M YoY-1.1%
Weighted-avg shares (diluted)	359M YoY+1.7%	353M YoY+14.2%	309M YoY-7.2%	333M YoY-11.2%	375M YoY-0.8%
Dividends per share	$1.00 YoY+0.0%	$1.00 YoY+0.0%	$1.00 YoY+33.3%	$0.75 YoY+215.8%	$0.24 YoY+137.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.12B YoY-37.7%	3.40B YoY+38.3%	2.46B YoY-9.1%	2.71B YoY+13.8%	2.38B YoY+28.9%
Cash & equivalents	516M YoY-17.4%	625M YoY+618.4%	87.0M YoY-64.5%	245M YoY-18.9%	302M YoY+15.3%
Accounts receivable	1.06B YoY-45.8%	1.96B YoY+21.7%	1.61B YoY+9.8%	1.47B YoY+5.2%	1.39B YoY+53.5%
Inventory	351M YoY-17.4%	425M YoY-6.2%	453M YoY+6.1%	427M YoY-9.7%	473M YoY-3.9%
Prepaid expenses	80.0M YoY+48.1%	54.0M YoY+17.4%	46.0M YoY+48.4%	31.0M YoY-44.6%	56.0M YoY-21.1%
Other current assets	543M YoY-33.8%	820M YoY+7.2%	765M YoY-23.3%	997M YoY+45.8%	684M YoY+1.2%
	17.8B YoY-8.4%	19.4B YoY+27.2%	15.2B YoY+16.0%	13.1B YoY-1.2%	13.3B YoY+4.4%
Property, plant & equipment	8.34B YoY+0.0%	8.34B YoY+0.0%	8.34B YoY+0.0%	8.34B YoY+0.0%	8.34B YoY-5.5%
Goodwill	0.00	0.00	0.00	0.00	0.00
Deferred tax assets	2.33B YoY-13.9%	2.70B YoY+53.8%	1.76B YoY+4407.7%	39.0M	—
	2.57B YoY-13.0%	2.96B YoY+22.9%	2.40B YoY-17.6%	2.92B YoY+37.7%	2.12B YoY+61.9%
Accounts payable	871M YoY-28.8%	1.22B YoY+86.0%	658M YoY-14.7%	771M YoY+5.5%	731M YoY+64.6%
Short-term & current debt	213M YoY+301.9%	53.0M YoY+2550.0%	2.00M YoY+0.0%	2.00M YoY-99.1%	215M YoY+10650.0%
Current lease liability	97.0M YoY-17.8%	118M YoY+1.7%	116M YoY-30.5%	167M YoY+68.7%	99.0M YoY-14.7%
Other current liabilities	1.49B YoY-11.4%	1.68B YoY-3.8%	1.74B YoY-18.6%	2.14B YoY+83.0%	1.17B YoY+35.8%
Long-term debt	8.71B YoY+0.0%	8.71B YoY+0.0%	8.71B YoY+0.0%	8.71B YoY+0.0%	8.71B YoY-0.6%
Non-current lease liability	220M YoY-13.7%	255M YoY+54.5%	165M YoY+24.1%	133M YoY-12.5%	152M
Deferred tax liabilities	0.00 YoY-100.0%	14.0M YoY-96.2%	371M YoY+18.2%	314M YoY+112.2%	148M YoY-31.2%
Other non-current liabilities	426M YoY-22.3%	548M YoY+17.6%	466M YoY+5.2%	443M YoY-22.7%	573M YoY-4.8%
	6.09B YoY+15.4%	5.28B YoY+98.9%	2.65B YoY+527.7%	423M YoY+126.5%	-1.59B YoY+2.7%
Common stock	308M YoY+0.3%	307M YoY+16.7%	263M YoY+0.4%	262M YoY+0.0%	262M YoY+0.0%
Additional paid-in capital	12.8B YoY-2.6%	13.2B YoY+18.2%	11.1B YoY-2.6%	11.4B YoY-1.9%	11.6B YoY-0.8%
Retained earnings	-721M YoY+66.5%	-2.15B YoY+27.2%	-2.96B YoY+49.1%	-5.81B YoY+38.7%	-9.49B YoY+9.3%
Treasury stock	6.32B YoY+4.7%	6.04B YoY+4.3%	5.79B YoY+6.1%	5.46B YoY+35.3%	4.04B YoY+26.6%
Accumulated other comprehensive income	10.0M YoY-16.7%	12.0M YoY-20.0%	15.0M YoY+7.1%	14.0M YoY-36.4%	22.0M YoY+57.1%
Non-controlling interest	898M YoY-17.0%	1.08B YoY+4.4%	1.04B	—	—
Total equity incl. non-controlling	7.00B YoY+10.1%	6.36B YoY+72.4%	3.69B YoY+174.4%	1.34B YoY+287.6%	-717M YoY-11.2%
Total liabilities & equity	17.8B YoY-8.4%	19.4B YoY+27.2%	15.2B YoY+16.0%	13.1B YoY-1.2%	13.3B YoY+4.4%
Common shares issued	492M YoY+0.1%	492M YoY+16.9%	421M YoY+0.2%	420M YoY+0.2%	419M YoY+0.2%
Common shares outstanding	353M YoY-3.4%	365M YoY+20.4%	304M YoY-2.6%	312M YoY-10.2%	347M YoY-8.1%
Shares outstanding (cover)	355M YoY-4.1%	370M YoY+20.6%	307M YoY-4.6%	322M YoY-11.5%	363M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.54B YoY+25.6%	3.62B YoY+15.7%	3.13B YoY-36.7%	4.94B YoY+41.4%	3.50B YoY+151.9%
Depreciation & amortization	2.30B YoY+1.7%	2.27B YoY+47.1%	1.54B YoY+24.9%	1.23B YoY-9.3%	1.36B YoY-23.3%
Share-based compensation	—	—	—	348M YoY+98.9%	175M YoY+272.3%
Deferred income taxes	360M YoY+148.9%	-736M YoY+55.7%	-1.66B YoY-1246.2%	145M YoY+295.9%	-74.0M YoY+33.9%
Change in receivables	-850M YoY-917.3%	104M YoY-33.8%	157M YoY+68.8%	93.0M YoY-75.9%	386M YoY+359.1%
Change in inventory	-7.00M YoY-163.6%	11.0M YoY+184.6%	-13.0M YoY-1400.0%	1.00M YoY-88.9%	9.00M YoY+147.4%
Change in payables	-365M YoY-550.6%	81.0M YoY+196.4%	-84.0M YoY-2000.0%	-4.00M YoY-101.6%	245M YoY+246.7%
	-2.15B YoY-133.0%	-924M YoY+56.8%	-2.14B YoY-41.5%	-1.51B YoY-81.4%	-833M YoY+43.2%
Other investing activities	-2.00M YoY-104.0%	50.0M YoY+31.6%	38.0M YoY+235.7%	-28.0M YoY-33.3%	-21.0M YoY-167.7%
	-2.50B YoY-15.9%	-2.16B YoY-87.8%	-1.15B YoY+67.1%	-3.49B YoY-33.0%	-2.62B YoY-2920.4%
Dividends paid	360M YoY+2.0%	353M YoY+14.6%	308M YoY+48.8%	207M YoY+298.1%	52.0M YoY-57.7%
Other financing activities	-28.0M YoY+26.3%	-38.0M YoY-153.3%	-15.0M YoY+46.4%	-28.0M YoY+33.3%	-42.0M YoY+4.5%
Net change in cash	-109M YoY-120.3%	538M YoY+440.5%	-158M YoY-177.2%	-57.0M YoY-242.5%	40.0M YoY+166.7%
Interest paid	281M YoY-24.5%	372M YoY+13.1%	329M YoY+2.2%	322M YoY-27.1%	442M YoY+5.5%
Income taxes paid	999M YoY-8.9%	1.10B YoY-13.7%	1.27B YoY-11.2%	1.43B YoY+126.1%	633M YoY+198.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	8.68B YoY+1.6%	8.54B YoY-22.4%	11.0B YoY-26.7%	15.0B YoY+53.6%	9.77B
P/E	6.0× YoY-43.1%	10.6× YoY+42.0%	7.5× YoY+81.0%	4.1× YoY-58.8%	10.0×
P/B	1.4× YoY-12.0%	1.6× YoY-84.2%	10.2× YoY-59.7%	25.4×	—
P/FCF	1.9× YoY-19.1%	2.4× YoY-24.8%	3.1× YoY-5.0%	3.3× YoY+18.2%	2.8×
Earnings yield	16.5% YoY+75.6%	9.4% YoY-29.6%	13.4% YoY-44.7%	24.2% YoY+142.9%	10.0%
FCF yield	52.4% YoY+23.6%	42.4% YoY+33.0%	31.9% YoY+5.2%	30.3% YoY-15.4%	35.8%
Dividend yield	4.1% YoY-5.6%	4.3% YoY+55.4%	2.8% YoY+73.5%	1.6% YoY+81.9%	0.9%
Source filing	10-K	DEF 14A	10-K	10-K	10-K

About this data

Source: APA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all APA filings on SEC EDGAR → Not investment advice.

APA▼ financial statements

About this data

financial statements