APA Corp

10-K & 10-Q Filings

APA Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and NGLs. Its business is operated through subsidiaries and is focused in three geographic areas: the U.S., Egypt, and offshore the U.K. in the North Sea. The company's business strategy includes maintaining a balanced asset portfolio, investing for long-term returns, and budgeting conservatively to generate cash flow. In the U.S., the company operates primarily in the Permian Basin, holding approximately 5,000 gross oil and gas wells and 3.7 million gross acres (1.8 million net acres). Internationally, the company has operations in Egypt and the North Sea, and is also exploring in Suriname and other international locations. The company's common stock is listed on the Nasdaq Global Select Market under the ticker symbol "APA." More information about the company, including financial reports and governance documents, can be accessed on its website at www.apacorp.com.

12 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7985.00
11075.00
16558.00
2008.00
1903.00
44.00%-5.23%Cost of Revenue (-)
$1844.00
2143.00
1076.00
294.00
247.00
-23.61%-15.99%Gross Profit (+)
$6141.00
8932.00
15482.00
1714.00
1656.00
58.78%-3.38%Selling, General & Administrative (-)
$1821.00
2195.00
1994.00
438.00
488.00
4.64%11.42%Depreciation & Amortization (-)
$1360.00
1233.00
1540.00
332.00
430.00
6.41%29.52%Non-recurring Operating Expenses (-)
$230.00
26.00
76.00
4.00
27.00
-42.52%575.00%Operating Expenses (-)
$4193.00
4255.00
4225.00
925.00
1202.00
0.38%29.95%Costs & Expenses (Total) (-)
$6037.00
6398.00
5309.00
1220.00
1456.00
-6.22%19.34%Operating Income/Loss (+)
$1948.00
4677.00
11249.00
788.00
447.00
140.30%-43.27%Non-operating Income/Expense (+)
$94.00
-114.00
99.00
53.00
-4.00
2.63%-107.55%Earnings before Tax (+)
$1891.00
5734.00
2883.00
810.00
447.00
23.47%-44.81%Tax Expense (-)
$652.00
1507.00
1338.00
346.00
300.00
43.25%-13.29%Income/Loss (Continuing Operations) (+)
$1239.00
4227.00
1545.00
464.00
147.00
11.67%-68.32%Profit/Loss (+)
$1313.00
4082.00
3207.00
326.00
212.00
56.28%-34.97%Net Income/Loss (NCI) (-)
$340.00
408.00
352.00
84.00
80.00
1.75%-4.76%Net Income/Loss (+)
$973.00
3674.00
2855.00
242.00
132.00
71.30%-45.45%Net Income/Loss (Common) (+)
$973.00
3674.00
2855.00
242.00
132.00
71.30%-45.45%EPS (Basic)
$2.60
11.05
9.26
0.78
0.44
88.72%-43.59%EPS (Diluted)
$2.59
11.02
9.25
0.78
0.44
88.98%-43.59%Weighted Avg Shares (Basic)
374.00
332.00
308.00
311.00
302.00
-9.25%-2.89%Weighted Avg Shares (Diluted)
375.00
333.00
309.00
312.00
302.00
-9.23%-3.21%Cash
$302.00
245.00
87.00
154.00
102.00
-46.33%-33.77%Receivables
$1394.00
1466.00
1610.00
1518.00
1597.00
7.47%5.20%Other Assets (Current)
$684.00
997.00
765.00
1060.00
807.00
5.76%-23.87%Assets (Current)
$2380.00
2708.00
2462.00
2732.00
2506.00
1.71%-8.27%Securities & Long-term Investments
$1365.00
624.00
437.00
605.00
-43.42%Property, Plant & Equipment (Net)
$8335.00
9012.00
10038.00
9179.00
10143.00
9.74%10.50%Other Assets
$1223.00
803.00
2307.00
697.00
2303.00
37.34%230.42%Assets (Non-current)
$10923.00
10439.00
12782.00
10481.00
12446.00
8.18%18.75%Assets (Total)
$13303.00
13147.00
15244.00
13213.00
14952.00
7.05%13.16%Accounts Payable
$731.00
771.00
658.00
658.00
694.00
-5.12%5.47%Debt (Current)
$215.00
2.00
2.00
2.00
2.00
-90.36%0.00%Other Liabilities (Current)
$1171.00
2143.00
1744.00
1794.00
1456.00
22.04%-18.84%Liabilities (Current)
$2117.00
2916.00
2404.00
2454.00
2152.00
6.56%-12.31%Debt (Non-current)
$7295.00
5451.00
5186.00
5796.00
5178.00
-15.69%-10.66%Other Liabilities
$4608.00
3435.00
3963.00
3530.00
3969.00
-7.26%12.44%Liabilities (Non-current)
$11903.00
8886.00
9149.00
9326.00
9147.00
-12.33%-1.92%Liabilities (Total)
$14020.00
11802.00
11553.00
11780.00
11299.00
-9.22%-4.08%Treasury Stock
$4036.00
5459.00
5790.00
5601.00
5891.00
19.77%5.18%Retained Earnings
$-9488.00
-5814.00
-2959.00
-5572.00
-2827.00
49.26%AOCI
$22.00
14.00
15.00
17.00
15.00
-17.43%-11.76%Shareholder's Equity
$-717.00
1345.00
3691.00
1433.00
3653.00
154.92%Liabilities & Equity
$13303.00
13147.00
15244.00
13213.00
14952.00
7.05%13.16%Net Income/Loss
$1313.00
4082.00
3207.00
326.00
212.00
56.28%-34.97%Depreciation & Amortization
$1360.00
1233.00
1540.00
332.00
430.00
6.41%29.52%Increase/Decrease in Working Capital
$-37.00
-121.00
417.00
511.00
459.00
-10.18%Adjustments to Reconcile Net Income
$2183.00
861.00
-78.00
9.00
156.00
1633.33%Net Cash (Operating)
$3496.00
4943.00
3129.00
335.00
368.00
-5.39%9.85%Capital Expenditure
$854.00
911.00
2056.00
522.00
12.00
55.16%-97.70%Net Cash (Investing)
$-833.00
-1511.00
-2138.00
-532.00
-88.00
83.46%Increase/Decrease in Debt
$425.00
24.00
-194.00
417.00
-2.00
-100.48%Increase/Decrease in Equity
$
Interest Expenses
$442.00
322.00
329.00
112.00
104.00
-13.72%-7.14%Dividends Paid
$52.00
207.00
308.00
78.00
76.00
143.37%-2.56%Net Cash (Financing)
$-2623.00
-3489.00
-1149.00
106.00
-265.00
-350.00%Cash Taxes Paid
$633.00
1431.00
1271.00
286.00
366.00
41.70%27.97%Increase/Decrease in Cash
$40.00
-57.00
-158.00
-91.00
15.00
116.48%Cash (Beginning)
$262.00
302.00
245.00
245.00
87.00
-3.30%-64.49%Cash (Ending)
$302.00
245.00
87.00
154.00
102.00
-46.33%-33.77%NOPAT
$1295.92
3509.79
6289.76
509.77
81.00
120.31%-84.11%Gross Margin %
76.91%
80.65%
93.50%
85.36%
87.02%
Operating Margin %
24.40%
42.23%
67.94%
39.24%
23.49%
NOPAT Margin %
16.23%
31.69%
37.99%
25.39%
4.26%
Net Margin %
12.19%
33.17%
17.24%
12.05%
6.94%
Tax Rate %
33.47%
24.96%
44.09%
35.31%
81.88%
ROA
9.74%
26.70%
41.26%
3.86%
0.54%
ROE
-180.74%
260.95%
170.41%
35.57%
2.22%
ROIC
14.87%
39.52%
61.63%
5.48%
0.78%
Asset Turnover
0.60
0.84
1.09
0.15
0.13
Equity Multiplier
-18.55
9.77
4.13
9.22
4.09
Current Ratio
1.12
0.93
1.02
1.11
1.16
Quick Ratio
0.80
0.59
0.71
0.68
0.79
Debt/Equity Ratio
-10.47
4.05
1.41
4.05
1.42
Interest Coverage Ratio
4.41
14.52
34.19
7.04
4.30
Working Capital/Sales
0.05
-0.01
0.01
0.06
0.15
Dividend Payout Ratio %
4.01%
5.90%
4.90%
15.30%
93.83%
Total Payout
$69.00
505.00
831.00
-227.00
182.00
247.04%180.18%Payout Ratio %
5.32%
14.39%
13.21%
-44.53%
224.69%