APAAPA Corporation

Energy · Oil & Gas Production · Nasdaq

Employees: 1,791
Headquarters: Houston, TX
CEO: John J. Christmann IV
Next results: around Jan 19, 2027

RevenueFY2019–25 $9.5B−10.6% FY2024: $10.6B 10-K FY2025 · XBRL Net incomeFY2019–25 $1.4B+78.4% FY2024: $804.0M 10-K FY2025 · XBRL Operating marginFY2019–25 32.4%+9.5 pts -29.0% in FY2019 10-K FY2025 · XBRL

What changed

10-K filed Feb 26, 2026 against Feb 28, 2025

Area	What changed	Source
Risk factors	23 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 26, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.

The market prices for crude oil, natural gas, and NGLs depend on factors beyond the Company’s control, including:
10-K, Item 1A

All 23 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables -45.8% vs revenue -10.6% (-35.2 pts)
✓
Cash from operations $4.5B vs net income $1.4B (FY ending 2025-12-31)
✓
Inventory -17.4% vs revenue -10.6% (-6.8 pts)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Accounting for decommissioning contingency for sold Gulf of America properties; F-4; Evaluation of the fair value measurement of proved oil and gas properties acquired in the Callon Petroleum business combination. Same as last year: Depreciation, depletion and amortization of property and equipment; F-3; Addressed the; Matter in Our; Audit; Accounting for asset retirement obligation for the North Sea segment; Addressed the; Matter in Our; Audit
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 4, 20268-K Quarterly results 8-K item 2.02

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Work on APA in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/APA/export.csv") into a cell.