Operating Income Surged 22% Year-Over-Year
APA's operating income rose from $865M to $1,055M (+22.0% YoY), reflecting improved operational performance and likely higher realized commodity prices or production volumes driving top-line strength.
APA Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: APA Corporation delivered strong Q1 FY2026 earnings growth with net income up 28.5% YoY to $446M and EPS rising 31.3% to $1.26, though operating cash flow declined sharply by 49.5% to $554M.
Drawn from management commentary in the Q1 2026 10-Q:
APA's operating income rose from $865M to $1,055M (+22.0% YoY), reflecting improved operational performance and likely higher realized commodity prices or production volumes driving top-line strength.
Net income grew 28.5% YoY to $446M, with basic and diluted EPS both reaching $1.26 versus $0.96 in the prior year period, indicating meaningful earnings accretion for shareholders.
Operating cash flow fell sharply by 49.5% YoY to $554M from $1,096M, a notable divergence from net income growth that may reflect working capital changes, timing of receivables, or commodity price settlements.
EPS (Basic)
$1.26
++31.25% YoY
Operating Income
$1.05B
++21.97% YoY
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