APA Corporation (APA) Q1 2025 10-Q Quarterly Report

Filed: May 8, 2025Period ending Mar 31, 2025
Energy
Crude Petroleum & Natural GasSEC EDGAR

APA Corporation (APA) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on May 8, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

APA Corporation Q1 2025 10-Q Analysis

Management Discussion & Analysis

  • No quarterly revenue or YoY change data provided in this section
  • No specific profitability or margin figures disclosed for the quarter
  • 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

APA Corporation Q1 2025 Quarterly Financials
XBRL

Net Income

$347M

+162.9% YoY

EPS (Diluted)

$0.96

+118.2% YoY

Operating Cash Flow

$1.1B

+197.8% YoY

Source: XBRL data from APA Corporation Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

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