APA Corporation APA
- Employees
- 1,791
- Headquarters
- Houston, TX
- CEO
- John J. Christmann IV
- Next results
- around Jan 19, 2027
APA among Energy peers
Six ratios from the latest 10-K. Each corner is the share of 20 peers the company is above, not a score.
What changed
23 new risk paragraphs. 10-K filed Feb 26, 2026 against Feb 28, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables -45.8% vs revenue -10.6% (-35.2 pts)
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Cash from operations $4.5B vs net income $1.4B (FY ending Dec 31, 2025)
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Inventory -17.4% vs revenue -10.6% (-6.8 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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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
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
23 paragraphs in Risk Factors that were not in the 10-K filed Feb 28, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
The market prices for crude oil, natural gas, and NGLs depend on factors beyond the Company’s control, including:
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Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
The Company’s operations are subject to hazards and risks inherent in the drilling, production, and transportation of crude oil, natural gas, and NGLs, including well blowouts, explosions, fires, cratering, pipeline or other facility ruptures and
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Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
Frontier exploration and development projects, including those in new or re-entered jurisdictions, involve heightened operational, regulatory, and execution risks that could adversely affect the Company’s results of operations and financial condition. The Company’s exploration and development portfolio includes higher‑risk frontier…
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Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
The agreements relating to the Company’s divestment of domestic and international assets generally contain provisions pursuant to which liabilities related to past and future operations (one of the most significant of which is the decommissioning
New risk paragraphs, against peers
Latest 10-K of each, Energy companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $12.0B | $9.0B | $10.6B | $9.5B |
| Net income | $3.7B | $2.9B | $804.0M | $1.4B |
| Operating cash flow | $4.9B | $3.1B | $3.6B | $4.5B |
Revenue, FY2019 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$9.5B ▼ 10.6% in FY2025$1.4B ▲ 78.4% in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 5, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KNov 4, 2026Quarterly results 8-K item 2.02
About the company
APA Corporation, Houston, TX · from the 10-K filed Feb 26, 2026
- Headquarters
- Houston, TX
- Country
- United States
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Nov 4, 2026
- Incorporated in
- DE
Employees, at the top of the page: "As of December 31, 2025, APA employed approximately 1,791 full-time equivalent employees: Employees United States 1,061 United Kingdom 486 Egypt 242 Suriname — France 2 Total employees 1,791 Oversight and Management The Management Development and Compensation (MD&C) Committee and/or the full Board o" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/APA/export.csv") into a cell.