AI Takeaway
APA Corporation delivered a strong FY2025, with net income surging 78.4% to $1.43B and operating cash flow rising 25.6% to $4.55B, driven by a 26.3% jump in operating income to $3.09B.
EPS (Basic)
$3.99
++75.00% YoY
Operating Income
$3.09B
++26.31% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
APA's operating income grew 26.3% year-over-year from $2.44B to $3.09B in FY2025, reflecting improved operational efficiency and stronger commodity realizations across its portfolio.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Net income increased 78.4% from $804M to $1.43B, with basic EPS rising 75.0% from $2.28 to $3.99, indicating significant bottom-line improvement and potential reduction in non-operating charges or tax benefits.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Operating cash flow expanded 25.6% to $4.55B from $3.62B in the prior year, demonstrating robust cash generation capacity that supports capital returns and debt management.
Source: Source: 10-K Cash Flow Statement (XBRL Financial Data)
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Upgrade to unlockAPA's current ratio stands at approximately 0.82, meaning current liabilities of $2.57B exceed current assets of $2.12B. This short-term liquidity gap could create refinancing or operational stress if commodity prices decline sharply or credit markets tighten.
Source: Source: 10-K Balance Sheet (XBRL Financial Data)
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Upgrade to unlockReported EPS of $0.91 versus the $0.65 analyst consensus — a +40.4% beat for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Income | $3.09B | $2.44B | +26.31% |
Net Income | $1.43B | $804M | +78.36% |
EPS (Basic) | $3.99 | $2.28 | +75.00% |
EPS (Diluted) | $3.99 | $2.27 | +75.77% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $17.76B | $19.39B | -8.40% |
Current Assets | $2.12B | $3.4B | -37.69% |
Current Liabilities | $2.57B | $2.96B | -12.99% |
Stockholders' Equity | $6.09B | $5.28B | +15.40% |
Cash & Equivalents | $516M | $625M | -17.44% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $4.54B | $3.62B | +25.55% |
Investing Cash Flow | $-2.15B | $-924M | -133.01% |
Financing Cash Flow | $-2.5B | $-2.16B | -15.89% |
D&A | $2.3B | $2.27B | +1.68% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
ROE | 23.5% | — | — |
ROA | 8.1% | — | — |
Current Ratio | $0.825 | — | — |
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APA had a strong FY2025, with net income rising 78.4% to $1.43B and operating income growing 26.3% to $3.09B. Operating cash flow also improved significantly, up 25.6% to $4.55B, reflecting robust business performance.
APA reported basic EPS of $3.99 in FY2025, a 75.0% increase from $2.28 in the prior year. Diluted EPS was also $3.99, up 75.8% year-over-year, indicating strong per-share earnings growth.
Key risks include a current ratio below 1.0 (0.82), meaning short-term liabilities exceed short-term assets, and a sharp 133% increase in investing cash outflows to -$2.15B that could pressure free cash flow. Additionally, cash reserves declined 17.4% to $516M, reducing the company's liquidity buffer.
APA's balance sheet shows mixed signals: stockholders' equity grew 15.4% to $6.09B and ROE reached 23.5%, but total assets fell 8.4% to $17.76B and the current ratio of 0.82 indicates short-term liabilities exceed current assets. Investors should monitor the liquidity position closely.
APA generated $4.55B in operating cash flow in FY2025, a 25.6% increase from $3.62B in the prior year. However, investing outflows nearly doubled to -$2.15B and financing outflows rose to -$2.50B, resulting in a net decline in cash to $516M.