APA Corporation (APA) Financial Statements
APA financial statements at a glance
APA reported revenue of $8.92 billion for fiscal year 2025 (ended December 31, 2025), down 8.4% from fiscal year 2024. Net income was $1.43 billion, a net margin of 16.1%.
At the end of fiscal year 2025 it had total assets of $17.76 billion, total liabilities of $10.76 billion and shareholders' equity of $6.09 billion, with cash and short-term investments of $516.00 million and total debt of $4.59 billion.
Its operations brought in $4.55 billion of cash; capital spending was $2.77 billion, leaving free cash flow of $1.78 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
APA Corporation
Income Statement
Annual • USD
APA key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.9B | $9.7B | $8.3B | $11.1B | $8.0B |
| Gross profit | $3.6B | $4.3B | $4.2B | $6.3B | $3.5B |
| Operating income | $2.8B | $3.2B | $3.4B | $5.1B | $2.7B |
| Net income | $1.4B | $804.0M | $2.9B | $3.7B | $973.0M |
| Diluted EPS | – | $2.27 | $9.25 | $11.02 | $2.59 |
| Total assets | $17.8B | $19.4B | $15.2B | $13.1B | $13.3B |
| Total liabilities | $10.8B | $13.0B | $11.6B | $11.8B | $14.0B |
| Shareholders' equity | $6.1B | $5.3B | $2.7B | $423.0M | -$1.6B |
| Cash and short-term investments | $516.0M | $625.0M | $87.0M | $245.0M | $302.0M |
| Total debt | $4.6B | $6.2B | $5.3B | $5.6B | $7.6B |
| Operating cash flow | $4.5B | $3.6B | $3.1B | $4.9B | $3.5B |
| Capital spending | $2.8B | $2.9B | $2.4B | $2.4B | $1.1B |
| Free cash flow | $1.8B | $709.0M | $772.0M | $2.5B | $2.4B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was APA's revenue in fiscal year 2025?
$8.92 billion, down 8.4% from $9.74 billion in fiscal year 2024.
How much profit does APA make?
APA reported net income of $1.43 billion for fiscal year 2025 (16.1% of revenue); operating income was $2.75 billion.
How much cash and debt does APA have?
At the end of fiscal year 2025: cash and short-term investments of $516.00 million and total debt of $4.59 billion.
What is APA's free cash flow?
$1.78 billion in fiscal year 2025 (operating cash flow of $4.55 billion minus capital spending of $2.77 billion).
