APA APA Corporation

FY2025 10-K
Filed: Feb 26, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

APA Corporation (APA) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Section 'business' was empty or not found.

Management Discussion & Analysis

  • Oil & gas revenue $7.2B in 2025 vs $8.2B in 2024, down ~$967M; crude oil revenue fell $1.2B on 14% lower realized prices ($66.92/bbl vs $78.08/bbl)
  • Net income $1.4B ($3.99/diluted share) vs $804M ($2.27) in 2024; improvement driven by $1.1B fewer impairments ($44M vs $1.1B) and lower LOE ($1.5B vs $1.7B)
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Risk Factors

  • UK Energy Profits Levy raised to 38% (from 35%), extended to March 2030, forcing APA to exit North Sea before 2030 after $796M in 2024 impairments
  • Egypt exposure material: ~38% of 2025 production outside US, EGPC payment delays risk recurring amid foreign currency shortages
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Financial Summary
XBRL

Net Income

$1.4B

ROE

23.5%

Total Assets

$17.8B

EPS (Diluted)

$3.99

Operating Cash Flow

$4.5B

Source: XBRL data from APA Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

Other APA Corporation Annual Reports

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