FirmAtlas
Company handbook · APA · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
APA · CIK 1841666 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
APA CORPORATION
$49.15
+1.92 (+4.07%)
Close, Oct 16, 2026 · 52-week $22–49
Market cap
$17.3B
P/E
10.3
EV/EBITDA
3.9x
P/B
2.5
Div yield
2.03%
ROIC
18.3%
EPS 1Y
75.8%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJohn J. Christmann IV
HQHouston, TX
AuditorErnst & Young LLP
Employees1,791
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−2.3%
13.3%
5.2%
113.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$713M deployed
Dividends
$713M
100.0%
Operating cash flow over the period: $8.2B. Total debt changed by −$1.7B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
19,390
17,761−8.4%
17,973
Cash & short-term investments
625
516−17.4%
—
Accounts receivable
1,959
1,062−45.8%
—
Inventory
425
351−17.4%
—
Net PP&E
183
146−20.2%
—
Other assets
16,198
15,686−3.2%
—
Total liabilities
14,110
11,668−17.3%
10,952
Accounts payable
1,224
871−28.8%
—
Total debt
5,991
4,280−28.6%
3,741
Other liabilities
6,895
6,517−5.5%
—
Shareholders’ equity
5,280
6,093+15.4%
7,021
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,620
4,545+25.6%
4,528
Net income
1,118
1,692+51.3%
—
Depreciation & amortization
2,266
2,304+1.7%
—
Stock-based compensation
49
107+118.4%
—
Working capital & other
187
442+136.4%
—
Cash from investing
(924)
(2,153)n/m
—
Other investing
(924)
(2,153)n/m
—
Cash from financing
(2,158)
(2,501)n/m
—
Debt raised
1,500
0−100.0%
—
Dividends
(353)
(360)n/m
—
Other financing
(3,305)
(2,141)n/m
—
Net change in cash
538
(109)−120.3%
—
Where the cash went
Returns & ratios
ROIC (all capital)
16.7%
18.3%+1.5 pp
—
ROIC (operating)
132.5%
184.3%+51.7 pp
—
Net debt / EBITDA
1.14x
0.70x−0.44x
—
Debt / equity
1.13x
0.70x−0.43x
—
ROE
15.2%
23.5%+8.3 pp
—
ROA
4.1%
8.1%+3.9 pp
—
ROCE
14.9%
20.3%+5.5 pp
—
NOPAT
1,780
1,871+5.1%
—
Invested capital (operating)
1,343
688−48.8%
—
Invested capital (all)
10,646
9,857−7.4%
—
Reinvestment rate
—
−35.0%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Operating income
767
716
1,055
1,280
Net income
205
279
446
747
vs year-ago quarter
EPS (diluted, $)
0.57
0.79
1.26
2.11
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
17,699
17,761
18,079
17,973
Cash & equivalents
475
516
293
444
Total debt
4,275
4,280
4,280
3,741
Shareholders’ equity
5,965
6,093
6,456
7,021
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,460
808
554
1,706