APA Corporation

Do Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in .

Operating income,

35% of revenue

▲ +26% vs ($2.4B, 25%)

Net income,

16% of revenue

▲ +78% vs ($804M, 8%)

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Oil and gas, excluding purchased share of revenue vs 78.9% in Q2 FY2025

Revenue over time

Natural gas and NGLs sales Purchased oil and gas costs

$20B$10B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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