APAAPA Corporation

Energy · Oil & Gas Production · Nasdaq

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

APA and 9 peers, year by year

The 9 Energy companies closest to APA in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
APA APA Corporation	FY2025	$9.5B	−10.6%	-	32.4%	15.1%	-	23.5%	0.74
EQT EQT Corporation	FY2025	$8.6B	+63.9%	-	37.6%	23.6%	32.8%	8.6%	0.33
EXE Expand Energy	FY2025	$12.1B	+186%	-	20.4%	15.0%	15.2%	9.8%	0.27
WMB Williams Companies	FY2025	$14.9B	+17.9%	-	28.2%	17.6%	6.7%	20.4%	2.29
TRGP Targa Resources	FY2025	$17.0B	+3.9%	-	19.6%	11.3%	3.4%	62.7%	5.68
KMI Kinder Morgan	FY2025	$16.9B	+12.7%	-	27.9%	18.0%	17.1%	9.8%	1.03
FANG Diamondback Energy	FY2025	$15.0B	+35.8%	-	8.4%	11.1%	-	4.5%	0.37
TPL Texas Pacific Land Corporation	FY2025	$798.2M	+13.1%	-	74.2%	60.3%	-	33.0%	-
DVN Devon Energy	FY2025	$17.2B	+5.4%	-	-	15.4%	18.1%	17.0%	0.54
HAL Halliburton	FY2025	$22.2B	−3.3%	-	10.2%	5.8%	7.5%	12.3%	0.68

Revenuepeer median $15.0B

Sales growthpeer median +13.1%

Operating marginpeer median 24.1%

Net marginpeer median 15.4%

FCF marginpeer median 15.2%

EQT 32.8%
DVN 18.1%
KMI 17.1%
EXE 15.2%
HAL 7.5%
WMB 6.7%
TRGP 3.4%
APA -
FANG -
TPL -

Return on equitypeer median 12.3%

Debt / equitypeer median 0.61

TRGP 5.68
WMB 2.29
KMI 1.03
APA 0.74
HAL 0.68
DVN 0.54
FANG 0.37
EQT 0.33
EXE 0.27
TPL -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2019 to FY2025

Revenue as reported in the 10-K.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	$7.4B	$5.0B	$8.9B	$12.0B	$9.0B	$10.6B	$9.5B
EQT Dec	$4.4B	$3.1B	$6.8B	$12.1B	$6.9B	$5.3B	$8.6B
EXE Dec	$8.5B	$5.2B	-	$11.7B	$8.7B	$4.2B	$12.1B
WMB Dec	$8.2B	$7.7B	$12.8B	$17.8B	$12.0B	$12.6B	$14.9B
TRGP Dec	$8.7B	$8.3B	$20.9B	-	$16.1B	$16.4B	$17.0B
KMI Dec	$13.2B	$11.7B	$16.6B	$19.2B	$15.3B	$15.1B	$16.9B
FANG Dec	$4.0B	$2.8B	$6.8B	$9.6B	$8.4B	$11.1B	$15.0B
TPL Dec	$490.5M	$302.6M	$451.0M	$667.4M	$631.6M	$705.8M	$798.2M
DVN Dec	$6.7B	$4.8B	$13.8B	$19.8B	$15.3B	-	$17.2B
HAL Dec	$22.4B	$14.4B	$15.3B	$20.3B	$23.0B	$22.9B	$22.2B
Peer median	$8.2B	$5.2B	$13.3B	$14.9B	$12.0B	$11.8B	$15.0B

Sales growth, FY2019 to FY2025

Revenue against the fiscal year before.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	-	−31.9%	+76.3%	+34.5%	−24.7%	+18.2%	−10.6%
EQT Dec	−19.5%	−30.1%	+157%	+78.0%	−7.9%	−23.7%	+63.9%
EXE Dec	−14.3%	−38.6%	-	-	−25.7%	−51.4%	+186%
WMB Dec	−5.4%	−6.0%	+67.0%	+39.0%	−32.5%	+5.3%	+17.9%
TRGP Dec	−20.9%	−7.1%	+23.2%	-	−31.8%	+2.0%	+3.9%
KMI Dec	−9.3%	−16.4%	+60.0%	+12.2%	−24.7%	−1.2%	+12.7%
FANG Dec	+82.5%	−29.1%	+145%	+41.9%	−12.8%	+31.6%	+35.8%
TPL Dec	+63.4%	−38.3%	+49.0%	+48.0%	−5.4%	+11.8%	+13.1%
DVN Dec	−20.9%	−30.0%	+194%	+44.2%	−23.6%	-	+5.4%
HAL Dec	−6.6%	−35.5%	+5.9%	+32.7%	+13.4%	−0.3%	−3.3%
Peer median	−9.3%	−30.0%	+63.5%	+41.9%	−23.6%	+0.8%	+13.1%

Gross margin, FY2019 to FY2025

Gross profit / revenue.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	-	-	-	-	-	-	-
EQT Dec	-	-	-	-	-	-	-
EXE Dec	-	-	-	-	-	-	-
WMB Dec	-	-	-	-	-	-	-
TRGP Dec	29.4%	-	-	-	-	-	-
KMI Dec	-	-	-	-	-	-	-
FANG Dec	-	-	-	-	-	-	-
TPL Dec	-	-	-	-	-	-	-
DVN Dec	-	-	-	-	-	-	-
HAL Dec	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-

Operating margin, FY2019 to FY2025

Operating income / revenue.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	−29.0%	−81.3%	32.1%	46.5%	41.0%	23.0%	32.4%
EQT Dec	−26.1%	−28.7%	−20.0%	22.4%	33.5%	13.0%	37.6%
EXE Dec	−0.4%	−166.1%	-	32.2%	36.0%	−19.0%	20.4%
WMB Dec	23.4%	28.5%	20.6%	17.0%	35.9%	26.4%	28.2%
TRGP Dec	2.2%	−15.8%	8.3%	-	16.4%	16.5%	19.6%
KMI Dec	36.9%	13.3%	17.6%	21.2%	27.8%	29.0%	27.9%
FANG Dec	17.5%	−194.7%	58.9%	67.5%	54.3%	39.7%	8.4%
TPL Dec	81.5%	71.8%	80.4%	84.3%	77.0%	76.4%	74.2%
DVN Dec	-	-	-	-	-	-	-
HAL Dec	−2.0%	−16.9%	11.8%	13.3%	17.7%	16.7%	10.2%
Peer median	9.9%	−16.3%	17.6%	22.4%	34.7%	21.5%	24.1%

Net margin, FY2019 to FY2025

Net income / revenue.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	−48.0%	−96.3%	10.9%	30.7%	31.7%	7.6%	15.1%
EQT Dec	−27.7%	−31.3%	−16.8%	14.6%	25.1%	4.4%	23.6%
EXE Dec	−3.6%	−185.8%	-	42.0%	27.7%	−16.9%	15.0%
WMB Dec	10.4%	2.7%	11.9%	11.5%	26.5%	17.6%	17.6%
TRGP Dec	−2.4%	−18.8%	5.7%	-	8.4%	8.0%	11.3%
KMI Dec	16.6%	1.0%	10.7%	13.3%	15.6%	17.3%	18.0%
FANG Dec	6.1%	−160.6%	32.1%	45.5%	37.4%	30.2%	11.1%
TPL Dec	65.0%	58.2%	59.9%	66.9%	64.2%	64.3%	60.3%
DVN Dec	−5.3%	−55.5%	20.5%	30.4%	24.5%	-	15.4%
HAL Dec	−5.0%	−20.4%	9.5%	7.7%	11.5%	10.9%	5.8%
Peer median	−2.4%	−20.4%	11.3%	22.5%	25.1%	14.1%	15.4%

Free cash flow, FY2019 to FY2025

Cash from operations minus capital spending.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	-	-	-	-	-	-	-
EQT Dec	$249.2M	$495.5M	$607.3M	$2.1B	$1.2B	$573.3M	$2.8B
EXE Dec	-	$22.0M	-	$2.3B	$551.0M	$8.0M	$1.8B
WMB Dec	$1.6B	$2.3B	$2.7B	$2.6B	$3.4B	$2.4B	$1.0B
TRGP Dec	−$1.5B	$792.9M	$1.0B	-	$826.2M	$683.9M	$584.1M
KMI Dec	$2.5B	$2.8B	$4.4B	$3.3B	$4.2B	$3.0B	$2.9B
FANG Dec	-	-	-	-	-	-	-
TPL Dec	$310.6M	$202.0M	$248.7M	$428.2M	-	-	-
DVN Dec	$2.0B	$311.0M	$2.9B	$6.0B	$2.7B	-	$3.1B
HAL Dec	$915.0M	$1.2B	$1.1B	$1.2B	$2.1B	$2.4B	$1.7B
Peer median	$915.0M	$644.2M	$1.1B	$2.3B	$2.1B	$1.5B	$1.8B

FCF margin, FY2019 to FY2025

Free cash flow / revenue.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	-	-	-	-	-	-	-
EQT Dec	5.6%	16.2%	8.9%	17.0%	16.8%	10.9%	32.8%
EXE Dec	-	0.4%	-	19.6%	6.3%	0.2%	15.2%
WMB Dec	19.3%	29.2%	21.2%	14.8%	28.5%	19.0%	6.7%
TRGP Dec	−17.2%	9.6%	5.0%	-	5.1%	4.2%	3.4%
KMI Dec	18.8%	24.3%	26.7%	17.4%	27.2%	19.9%	17.1%
FANG Dec	-	-	-	-	-	-	-
TPL Dec	63.3%	66.7%	55.2%	64.2%	-	-	-
DVN Dec	30.1%	6.4%	21.2%	30.2%	17.4%	-	18.1%
HAL Dec	4.1%	8.0%	7.3%	6.1%	9.0%	10.6%	7.5%
Peer median	18.8%	12.9%	21.2%	17.4%	16.8%	10.7%	15.2%

Return on equity, FY2019 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	−79.6%	n/m	n/m	n/m	107.5%	15.2%	23.5%
EQT Dec	−12.5%	−10.5%	−11.5%	15.9%	11.7%	1.1%	8.6%
EXE Dec	−7.1%	n/m	-	54.1%	22.5%	−4.1%	9.8%
WMB Dec	6.4%	1.8%	13.3%	17.8%	25.6%	17.9%	20.4%
TRGP Dec	−4.3%	−58.6%	44.8%	-	49.1%	50.6%	62.7%
KMI Dec	6.5%	0.4%	5.8%	8.3%	7.9%	8.6%	9.8%
FANG Dec	1.8%	−51.4%	18.1%	29.2%	18.9%	8.8%	4.5%
TPL Dec	62.2%	36.3%	41.4%	57.8%	38.9%	40.1%	33.0%
DVN Dec	−6.1%	−92.9%	30.4%	54.0%	31.0%	-	17.0%
HAL Dec	−14.1%	−59.2%	21.7%	19.8%	28.1%	23.8%	12.3%
Peer median	−4.3%	−30.9%	19.9%	24.5%	25.6%	13.4%	12.3%

Debt / equity, FY2019 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	-	n/m	n/m	12.89	1.95	1.14	0.74
EQT Dec	0.54	0.55	0.56	0.51	0.39	0.45	0.33
EXE Dec	2.17	n/m	-	0.33	0.19	0.32	0.27
WMB Dec	1.67	1.90	2.07	1.99	2.13	2.16	2.29
TRGP Dec	1.66	3.06	4.33	-	4.73	5.47	5.68
KMI Dec	1.02	1.10	1.08	1.03	1.06	1.04	1.03
FANG Dec	0.41	0.64	0.55	0.42	0.40	0.32	0.37
TPL Dec	-	-	-	-	-	-	-
DVN Dec	0.74	1.49	0.70	0.58	0.51	-	0.54
HAL Dec	1.29	1.98	1.36	1.00	0.81	0.68	0.68
Peer median	1.15	1.49	1.08	0.58	0.66	0.68	0.61

EPS (diluted), FY2019 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
APA Dec	−$9.43	−$12.86	$2.59	$11.02	$9.25	$2.27	$3.99
EQT Dec	−$4.79	−$3.68	−$3.54	$4.38	$4.22	$0.45	$3.31
EXE Dec	−$49.97	−$998.26	-	$33.36	$16.92	−$4.55	$7.57
WMB Dec	$0.70	$0.17	$1.24	$1.67	$2.60	$1.82	$2.14
TRGP Dec	−$1.44	−$7.26	$3.88	-	$3.66	$5.74	$8.49
KMI Dec	$0.96	$0.05	$0.78	$1.12	$1.06	$1.17	$1.37
FANG Dec	$1.47	−$28.61	$12.24	$24.61	$17.34	$15.53	$5.73
TPL Dec	$4.57	$2.52	$3.87	$6.42	$5.86	$6.57	$6.97
DVN Dec	−$0.89	−$7.12	$4.19	$9.12	$5.84	-	$4.17
HAL Dec	−$1.29	−$3.34	$1.63	-	-	-	-
Peer median	−$0.89	−$3.68	$2.75	$6.42	$5.03	$1.82	$4.95

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out APA and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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.