Short answer
APA Corporation (APA) filed its Q1 2025 10-Q quarterly report on May 8, 2025 for the quarter ended Mar 31, 2025.
Q1 2025 key financials · XBRL
- Net income
- $347M
- +162.9% YoY
- EPS (diluted)
- $0.96
- +118.2% YoY
Source: XBRL data from the APA Corporation (APA) Q1 2025 10-Q on SEC EDGAR. USD.
APA Corporation Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Worst performing segment: Legacy Gulf of America (GOA) Assets with $1.0 billion contingent liabilities for decommissioning costs
- Settled lawsuit with sureties in Q1 2025, resulting in retention of $498 million ($148M Bonds + $350M Letters of Credit) and $140 million payment to Apache under Bonds
- Recognized $66 million loss in Q1 2024 related to estimated decommissioning costs on previously sold GOA properties
Risk Factors
- Newly added risk: Increased volatility in commodity prices impacting operating cash flows, triggered by first quarter 2025 revenue fluctuations
- Most materially updated risk: Liquidity risk, with $1.1B net cash from operations in Q1 2025 up $728M YoY due to higher production and prices
- Most impactful compliance risk: No specific new regulatory or legal risks disclosed in the risk factors section
- Operational risk: Increased upstream capital expenditures, $777M in Q1 2025 vs $467M in Q1 2024, indicating higher investment demand and operational complexity
- Financial risk: Debt maturity and refinancing risk with $900M term loan and $905M fixed-rate debt repayments made in Q1 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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