Screener / SEC EDGAR /CIK 0001841666 /10-K filed Feb 26, 2026, compared with Feb 28, 2025 /Numbers from the XBRL of the 10-Ks
Energy peers:
Nasdaq Energy · Oil & Gas Production

APA Corporation APA

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

Compare
Revenue growth: -10.6%, above 0% of 20 peers (their median 1.8%) REVENUE GROWTH -10.6% · above 0% Operating margin: 43.5%, above 92% of 12 peers (their median 24.1%) OPERATING MARGIN 43.5% · above 92% Net margin: 21.9%, above 80% of 20 peers (their median 12.5%) NET MARGIN 21.9% · above 80% Return on capital: 17.9%, above 92% of 12 peers (their median 8.4%) RETURN ON CAPITAL 17.9% · above 92%
APA Peer median Below the median

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.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables -45.8% vs revenue -10.6% (-35.2 pts)
  • Cash from operations $4.5B vs net income $1.4B (FY ending Dec 31, 2025)
  • Inventory -17.4% vs revenue -10.6% (-6.8 pts)
8 more checks with nothing to note
  • 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

In their words

23 paragraphs in Risk Factors that were not in the 10-K filed Feb 28, 2025. Quoted as filed.

All 23 new paragraphs
  1. 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:
  2. 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
  3. 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…
  4. 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

All years
MetricFY2022FY2023FY2024FY2025
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

FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

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.

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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.

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