10-K annual report · filed Feb 28, 2025

APA Corporation (APA) FY2024 10-K Annual Report

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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