What is APA Corp (US)'s earnings per share (EPS)?

APA Corp (US) (APA) reported diluted earnings per share of $3.99 for fiscal year 2025. This represents a 75.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

APA Corp (US) Financials

APA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows APA Corp (US) (APA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI APA FY2025 2026-05-07

Cash-generative operations are repairing the balance sheet, while short-term liquidity remains tighter than long-term solvency.

FY2025 operating cash flow reached $4.5B versus net income of $1.4B, showing that cash generation materially exceeds accounting profit. That pattern fits an asset-heavy cash model because depreciation alone was more than $2.0B, and operating cash flow has stayed above $3.1B for three straight years.

Long-term debt fell to $4.3B from $5.2B over the last two valid fiscal years, showing that the company has been using its cash engine to lighten the balance sheet. Financing drag also eased as interest expense dropped to $323M from $351M, so more operating profit now reaches the bottom line.

Liquidity tells a different story from solvency: the FY2025 current ratio was only 0.8x, which points to a tighter near-term funding posture even after leverage improved. The company is relying more on recurring cash inflow than on a cash stockpile, with only $516M of cash against about $2.6B of current liabilities.

Financial Health Signals

Financial Profile 32/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of APA Corp (US)'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

APA Corp (US) carries a low D/E ratio of 0.70, meaning only $0.70 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

APA Corp (US)'s current ratio of 0.82 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

APA Corp (US) earns a strong 23.5% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100. This is up from 15.2% the prior year.

Piotroski F-Score Neutral

6/9

APA Corp (US) passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

3.17x

For every $1 of reported earnings, APA Corp (US) generates $3.17 in operating cash flow ($4.5B OCF vs $1.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.6x

APA Corp (US) earns $9.6 in operating income for every $1 of interest expense ($3.1B vs $323.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

$5.4B

YoY+14.5%

APA Corp (US)'s EBITDA was $5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.5% from the prior year.

Net Income

$1.4B

YoY+78.4%

APA Corp (US) reported $1.4B in net income in fiscal year 2025. This represents an increase of 78.4% from the prior year.

EPS (Diluted)

$3.99

YoY+75.8%

APA Corp (US) earned $3.99 per diluted share (EPS) in fiscal year 2025. This represents an increase of 75.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$516.0M

YoY-17.4%

5Y CAGR+14.5%

APA Corp (US) held $516.0M in cash against $4.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.00

YoY+0.0%

5Y CAGR+58.5%

APA Corp (US) paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

353M

YoY-3.0%

5Y CAGR-1.3%

APA Corp (US) had 353M shares outstanding in fiscal year 2025. This represents a decrease of 3.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

23.5%

YoY+8.3pp

APA Corp (US)'s ROE was 23.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

APA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$350.0M-5.9%	$372.0M+6.0%	$351.0M-27.3%	$483.0M+28.5%	$376.0M+29.7%	$290.0M
Operating Income	$3.1B+26.3%	$2.4B-33.9%	$3.7B-33.6%	$5.6B+94.6%	$2.9B+169.7%	-$4.1B
Interest Expense	$323.0M-19.7%	$402.0M+14.5%	$351.0M+5.7%	$332.0M-20.8%	$419.0M-4.3%	$438.0M
Income Tax	$1.1B+163.5%	$417.0M+228.7%	-$324.0M-119.6%	$1.7B+185.8%	$578.0M+803.1%	$64.0M
Net Income	$1.4B+78.4%	$804.0M-71.8%	$2.9B-22.3%	$3.7B+277.6%	$973.0M+119.8%	-$4.9B
EPS (Diluted)	$3.99+75.8%	$2.27-75.5%	$9.25-16.1%	$11.02+325.5%	$2.59+120.1%	$-12.86

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$115.0M	N/A	$95.0M+43.9%	$66.0M-32.7%	$98.0M	N/A	$92.0M+8.2%	$85.0M
Operating Income	$1.1B	N/A	$767.0M+4.1%	$737.0M-14.8%	$865.0M	N/A	-$143.0M-114.6%	$979.0M
Interest Expense	$70.0M	N/A	$72.0M-16.3%	$86.0M-5.5%	$91.0M	N/A	$109.0M+0.9%	$108.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$446.0M	N/A	$205.0M-66.0%	$603.0M+73.8%	$347.0M	N/A	-$223.0M-141.2%	$541.0M
EPS (Diluted)	$1.26	N/A	$0.57-65.9%	$1.67+74.0%	$0.96	N/A	$-0.60-141.1%	$1.46

APA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$17.8B-8.4%	$19.4B+27.2%	$15.2B+16.0%	$13.1B-1.2%	$13.3B+4.4%	$12.7B
Current Assets	$2.1B-37.7%	$3.4B+38.3%	$2.5B-9.1%	$2.7B+13.8%	$2.4B+28.9%	$1.8B
Cash & Equivalents	$516.0M-17.4%	$625.0M+618.4%	$87.0M-64.5%	$245.0M-18.9%	$302.0M+15.3%	$262.0M
Inventory	$351.0M-17.4%	$425.0M-6.2%	$453.0M+6.1%	$427.0M-9.7%	$473.0M-3.9%	$492.0M
Accounts Receivable	$1.1B-45.8%	$2.0B+21.7%	$1.6B+9.8%	$1.5B	N/A	N/A
Goodwill	N/A	N/A	N/A	$0	$0	$0
Total Liabilities	$11.7B-17.3%	$14.1B+12.1%	$12.6B-1.1%	$12.7B-14.6%	$14.9B+3.6%	$14.4B
Current Liabilities	$2.6B-13.0%	$3.0B+22.9%	$2.4B-17.6%	$2.9B+37.7%	$2.1B+61.9%	$1.3B
Long-Term Debt	$4.3B-28.6%	$6.0B+15.5%	$5.2B-4.9%	$5.5B-25.3%	$7.3B-16.8%	$8.8B
Total Equity	$6.1B+15.4%	$5.3B+98.9%	$2.7B+527.7%	$423.0M+126.5%	-$1.6B+2.7%	-$1.6B
Retained Earnings	-$721.0M+66.5%	-$2.2B+27.2%	-$3.0B+49.1%	-$5.8B+38.7%	-$9.5B+9.3%	-$10.5B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$18.1B+1.8%	$17.8B+0.4%	$17.7B-2.1%	$18.1B-2.4%	$18.5B-4.4%	$19.4B+0.1%	$19.4B-4.1%	$20.2B
Current Assets	$2.3B+7.9%	$2.1B+7.5%	$2.0B-13.8%	$2.3B-6.4%	$2.4B-28.2%	$3.4B-6.0%	$3.6B+24.1%	$2.9B
Cash & Equivalents	$293.0M-43.2%	$516.0M+8.6%	$475.0M+343.9%	$107.0M+59.7%	$67.0M-89.3%	$625.0M+876.6%	$64.0M-60.0%	$160.0M
Inventory	$334.0M-4.8%	$351.0M-2.8%	$361.0M-6.5%	$386.0M-2.8%	$397.0M-6.6%	$425.0M-15.2%	$501.0M+7.5%	$466.0M
Accounts Receivable	$1.5B+37.1%	$1.1B+4.7%	$1.0B-32.8%	$1.5B-17.2%	$1.8B-7.0%	$2.0B+18.6%	$1.7B-14.7%	$1.9B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$11.6B-0.4%	$11.7B-0.6%	$11.7B-3.6%	$12.2B-7.0%	$13.1B-7.2%	$14.1B-1.1%	$14.3B-3.5%	$14.8B
Current Liabilities	$2.5B-3.1%	$2.6B+1.0%	$2.5B-10.5%	$2.8B+3.0%	$2.8B-6.6%	$3.0B+1.0%	$2.9B+1.2%	$2.9B
Long-Term Debt	$4.3B0.0%	$4.3B+0.1%	$4.3B-0.3%	$4.3B-18.1%	$5.2B-12.6%	$6.0B-5.9%	$6.4B-5.5%	$6.7B
Total Equity	$6.5B+6.0%	$6.1B+2.1%	$6.0B+1.0%	$5.9B+8.6%	$5.4B+3.0%	$5.3B+3.2%	$5.1B-5.7%	$5.4B
Retained Earnings	-$275.0M+61.9%	-$721.0M+27.9%	-$1.0B+17.0%	-$1.2B+33.4%	-$1.8B+16.1%	-$2.2B+14.1%	-$2.5B-9.8%	-$2.3B

APA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.5B+25.6%	$3.6B+15.7%	$3.1B-36.7%	$4.9B+41.4%	$3.5B+151.9%	$1.4B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.2B-133.0%	-$924.0M+56.8%	-$2.1B-41.5%	-$1.5B-81.4%	-$833.0M+43.2%	-$1.5B
Financing Cash Flow	-$2.5B-15.9%	-$2.2B-87.8%	-$1.1B+67.1%	-$3.5B-33.0%	-$2.6B-2920.4%	$93.0M
Dividends Paid	$360.0M+2.0%	$353.0M+14.6%	$308.0M+48.8%	$207.0M+298.1%	$52.0M-57.7%	$123.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$554.0M-31.4%	$808.0M-44.7%	$1.5B+23.6%	$1.2B+7.8%	$1.1B+5.8%	$1.0B-22.6%	$1.3B+52.7%	$877.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$542.0M+5.2%	-$572.0M+18.3%	-$700.0M-636.8%	-$95.0M+87.9%	-$786.0M-1047.0%	$83.0M+109.7%	-$855.0M-1235.9%	-$64.0M
Financing Cash Flow	-$235.0M-20.5%	-$195.0M+50.3%	-$392.0M+62.5%	-$1.0B-20.5%	-$868.0M-55.6%	-$558.0M+3.8%	-$580.0M+23.2%	-$755.0M
Dividends Paid	$88.0M-1.1%	$89.0M-1.1%	$90.0M0.0%	$90.0M-1.1%	$91.0M-2.2%	$93.0M+1.1%	$92.0M0.0%	$92.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

APA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	23.5%+8.3pp	15.2%-92.3pp	107.5%-761.0pp	868.6%	N/A	N/A
Return on Assets	8.1%+3.9pp	4.2%-14.6pp	18.7%-9.2pp	28.0%+20.6pp	7.3%+45.8pp	-38.5%
Current Ratio	0.82-0.3	1.15+0.1	1.02+0.1	0.93-0.2	1.12-0.3	1.41
Debt-to-Equity	0.70-0.4	1.13-0.8	1.95-10.9	12.89+17.5	-4.57+0.8	-5.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	6.9%	N/A	3.4%-6.8pp	10.2%+3.8pp	6.4%	N/A	-4.4%-14.3pp	10.0%
Return on Assets	2.5%	N/A	1.2%-2.2pp	3.3%+1.5pp	1.9%	N/A	-1.1%-3.8pp	2.7%
Current Ratio	0.92+0.1	0.82+0.0	0.78-0.0	0.80-0.1	0.89-0.3	1.15-0.1	1.24+0.2	1.01
Debt-to-Equity	0.66-0.0	0.70-0.0	0.720.0	0.73-0.2	0.96-0.2	1.13-0.1	1.250.0	1.24
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is APA Corp (US) profitable?

Yes, APA Corp (US) (APA) reported a net income of $1.4B in fiscal year 2025.

What is APA Corp (US)'s EBITDA?

APA Corp (US) (APA) had EBITDA of $5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does APA Corp (US) have?

As of fiscal year 2025, APA Corp (US) (APA) had $516.0M in cash and equivalents against $4.3B in long-term debt.

Does APA Corp (US) pay dividends?

Yes, APA Corp (US) (APA) paid $1.00 per share in dividends during fiscal year 2025.

What is APA Corp (US)'s return on equity (ROE)?

APA Corp (US) (APA) has a return on equity of 23.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is APA Corp (US)'s operating cash flow?

APA Corp (US) (APA) generated $4.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are APA Corp (US)'s total assets?

APA Corp (US) (APA) had $17.8B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does APA Corp (US) have outstanding?

APA Corp (US) (APA) had 353M shares outstanding as of fiscal year 2025.

What is APA Corp (US)'s current ratio?

APA Corp (US) (APA) had a current ratio of 0.82 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is APA Corp (US)'s debt-to-equity ratio?

APA Corp (US) (APA) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is APA Corp (US)'s return on assets (ROA)?

APA Corp (US) (APA) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is APA Corp (US)'s Piotroski F-Score?

APA Corp (US) (APA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are APA Corp (US)'s earnings high quality?

APA Corp (US) (APA) has an earnings quality ratio of 3.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can APA Corp (US) cover its interest payments?

APA Corp (US) (APA) has an interest coverage ratio of 9.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is APA Corp (US)?

APA Corp (US) (APA) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.