APA Corporation (APA) FY2024 10-K Annual Report
APA Corporation (APA) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
APA Corporation FY2024 10-K Analysis
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
APA Corporation FY2024 Key Financial MetricsXBRL
Net Income
$804M
▼ -71.8% YoY
ROE
15.2%
▼ -9231bp YoY
Total Assets
$19.4B
▲ +27.2% YoY
EPS (Diluted)
$2.27
▼ -75.5% YoY
Operating Cash Flow
$3.6B
▲ +15.7% YoY
Source: XBRL data from APA Corporation FY2024 10-K filing on SEC EDGAR. All figures in USD.
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