Short answer
APA Corporation (APA) filed its fiscal 2024 10-K annual report with the SEC on Feb 28, 2025.
- Top risk flagged: Regulatory risk from environmental compliance with increased scrutiny by EPA under latest methane emission rules impacting Permian Basin operations
FY2024 key financial metrics · XBRL
- Net income
- $804M
- −71.8% YoY
- EPS (diluted)
- $2.27
- −75.5% YoY
- ROE
- 15.2%
- −92.3 pp YoY
- Operating cash flow
- $3.6B
- +15.7% YoY
Source: XBRL data from the APA Corporation (APA) FY2024 10-K on SEC EDGAR. USD.
APA Corporation FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Management Discussion & Analysis
- Exploration & development capex $2.9B in 2024 vs $2.3B in 2023, increase due to Callon acquisition
- Divestiture proceeds $1.6B in 2024 vs $29M in 2023, mainly from non-core asset sales
- Common dividends paid $353M in 2024 vs $308M in 2023; share buybacks $246M in 2024 (9.2M shares) vs $329M in 2023 (8.7M shares)
- Total debt $6.0B as of 12/31/24 up from $5.2B in 2023; cash $625M vs $87M prior year; term loan facility $900M outstanding
- Management repaid Callon debt fully, refinanced via $1.5B term loan in 2024; outlook implies continued disciplined capital allocation and liquidity management
Risk Factors
- Regulatory risk from environmental compliance with increased scrutiny by EPA under latest methane emission rules impacting Permian Basin operations
- Macroeconomic threat from volatile commodity prices reducing realized prices despite production gains in Permian Basin volumes
- Operational risk from integration and production uncertainties related to acquired Callon properties in Delaware Basin
- Competitive risk from rising U.S. shale production affecting APA’s market share and realized pricing power
- Financial risk from $1.5B term loan facility draw in 2024 increasing leverage alongside $3.6B operating cash flow dependency
Generated from the filing text; verify against the original. How to read a 10-K
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