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Companies / Energy / APA Corporation
APA

APA Corporation

EnergyOil & Gas ExtractionS&P 500
Ticker APAHOUSTON, TXFiscal year ends DecemberBook value per share $19.83Diluted shares 354.0M

APA Corporation (Nasdaq: APA) is an independent energy company that explores for, develops, and produces crude oil, natural gas, and natural gas liquids. Its producing operations are in the United States, Egypt, and the U.K. North Sea, with U.S. activity concentrated in the Permian Basin of West Texas. The company… From the company’s description.

In fiscal 2025, APA Corporation reported revenue of $9.22B, down 5.3% from fiscal 2024, and net income of $1.69B. Its operating margin was 30.3%, and operations generated $4.54B in cash. Over the twelve months to Jun 30, 2026, revenue was $8.61B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.22BFY2025
−5.3% year over year
Last 12 mo $8.61B
30.27%FY2025
+5.2 percentage points
Last 12 mo 40.93%
$1.69BFY2025
+51.3% year over year
Last 12 mo $1.98B
24.99%FY2025
−8.1 percentage points
Last 12 mo 23.89%
Cash & financing
$4.54BFY2025
+25.6% year over year
Last 12 mo $4.53B
$1.80BFY2025
+134.7% year over year
Last 12 mo $2.11B
0.74FY2025
Was 1.14× a year earlier
Last 12 mo 0.53
359.0MFY2025
+1.7% year over year
Last 12 mo 354.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What APA Corporation does

In the company’s own words

APA Corporation (Nasdaq: APA) is an independent energy company that explores for, develops, and produces crude oil, natural gas, and natural gas liquids. Its producing operations are in the United States, Egypt, and the U.K. North Sea, with U.S. activity concentrated in the Permian Basin of West Texas. The company also has exploration and development interests in Suriname, Uruguay, Alaska, and other locations. In 2025, production totaled 169.5 million barrels of oil equivalent: 62% from the United States, 31% from Egypt, and 7% from the North Sea. APA’s Suriname interests include the GranMorgu oil development, which is expected to begin production in 2028. Its U.S. customers include utilities, midstream companies, end-users, marketers, integrated oil companies, and refiners; in Egypt, it sells substantially all natural gas production to EGPC. APA completed its acquisition of Callon Petroleum in 2024, expanding its Permian Basin acreage. It employed approximately 1,791 people at year-end 2025. Its website is www.apacorp.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1841666
SIC
1311

Financial performance, year by year

Fiscal 2021–2025 · USD
$-1.21B$2.43B$6.07B$9.71B$13.35B20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns APA Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

691
funds hold it
1 of 35
superinvestors hold it
$7.18B
held by funds, at market
56.5%
of shares held by funds
10
bond issues held by funds

Superinvestors in APA Corporation · what they did last quarter

Bill SmeadDECREASED -5.6%
Smead Capital Management
5.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · APA Corporation’s weight in each

VANGUARD WINDSOR II FUND
VWNFX · VANGUARD WINDSOR FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.33%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
iShares Select Dividend ETF
DVY · iShares Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

APA Corporation’s bonds, as funds hold them

Funds report holding 10 issues of APA Corporation’s debt, $488.71M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.86%, maturing 2029 to 2055.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do APA Corporation and its peers compare on margins and cash generation over ten years?”
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  • “What changed in APA Corporation's last four quarterly filings that the numbers alone won't show?”
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