APA Corporation (APA) Q3 2025 10-Q Quarterly Report

Filed: Nov 6, 2025Period ending Sep 30, 2025
Energy
Crude Petroleum & Natural GasSEC EDGAR

APA Corporation (APA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 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 Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Contingent liabilities $1.0B for decommissioning Legacy GOA Assets, unchanged from Dec 31, 2024
  • Asset recorded $40M as expected reimbursement from security for decommissioning costs as of Sep 30, 2025
  • Settlement with sureties in Q1 2025: $148M Bonds and $350M Letters of Credit retained, $140M paid to Apache under Bonds
  • $83M losses recognized in first six months of 2024 for estimated decommissioning costs on GOA properties sold to Fieldwood
  • No material changes since Dec 31, 2024 impacting financial position, results, or liquidity

Risk Factors

  • No newly added risk factors; risk section unchanged from latest 10-K filing
  • Updated operational risk: net cash from operating activities $3.7B, up $1.1B YoY from improved receivables and lower expenses
  • Most impactful financial risk: increased term loan payments $900M vs $500M prior year, reflecting higher debt service needs
  • Market risk: volatile commodity prices impacting operating cash flow and earnings as primary liquidity driver
  • Competitive risk: $2.16B upstream capital expenditure consistent, reflecting ongoing investment amid market uncertainties

APA Corporation Q3 2025 Quarterly Financials
XBRL

Net Income

$205M

+191.9% YoY -66.0% QoQ

ROE

3.4%

Total Assets

$17.7B

EPS (Diluted)

$0.58

+181.7% YoY -65.1% QoQ

Operating Cash Flow

$1.5B

+9.0% YoY +23.6% QoQ

Source: XBRL data from APA Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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