Share count +1.7% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 2 registrations of shares for a merger, units or notes, 1 shelf registration; also 1 resale by holders.
- Aug 19, 2025 Shares for a merger, units or notes 424B3
- May 1, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Feb 16, 2024 Shares for a merger, units or notes 424B3
Every offering filing →“Prospectus APA Corporation OFFERS TO EXCHANGE THE NOTES AND DEBENTURES SET FORTH BELOW REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, FOR ANY AND ALL OUTSTANDING ORIGINAL NOTES AND DEBENTURES SET FORTH OPPOSITE THE CORRESPONDING REGISTERED NOTES REGISTERED NOTES ORIGINAL NOTES $57,743,000 7.70% Notes due March 15, 2026 (CUSIP No. 03743Q AU2) (CUSIP Nos. 03743Q AA6 and U0379Q AA0) $55,695,000 7.95% Notes …”
424B3, Aug 19, 2025 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 359.00M in the year to Dec 31, 2025 2025 +1.7%2024 +14.2%2023 -7.2%2022 -11.2%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
FY2023 to FY2025, from the cash flow statements in the 10-Ks, added up.
Came from
| Operating cash flow | $11.3B |
| Debt raised | $846.0M |
Went to
| Dividends | $1.0B |
| Added to cash | $271.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$10.8B |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
John J. Christmann IV
- Operating cash flow
- $4.5B
- Dividends
- $360.0M
- Stock-based pay
- $107.0M
- Diluted shares since FY2024
- +1.7%
- Revenue since FY2024
- -11%
- Debt since FY2024
- -$1.6B
- CEO pay (reported)
- $13.2M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | $360.0M | $107.0M | - | 359.00M |
| 2024-12-31 | - | $353.0M | $49.0M | - | 353.00M |
| 2023-12-31 | - | $308.0M | $84.0M | - | 309.00M |
| 2022-12-31 | - | $207.0M | $348.0M | - | 333.00M |
| 2021-12-31 | - | $52.0M | $175.0M | - | 375.00M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: dividends = PaymentsOfDividendsCommonStock; sbc = AllocatedShareBasedCompensationExpense; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
What it paid for each share it bought back
What APA paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2025-12-31 | 12.89M | $283.0M | $21.95 | |
| 2024-12-31 | 9.16M | $247.0M | $26.96 | |
| 2023-12-31 | 8.71M | $331.0M | $38.00 | |
| 2022-12-31 | 36.16M | $1.4B | $39.35 | |
| 2021-12-31 | 31.20M | $847.0M | $27.14 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.