"We are refocusing our efforts on our core assets to ensure we are capitalizing on market opportunities as they arise."
— CEO, John Christmann
03Detailed Report
0HGC.L
APA Corporation
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 18, 2026
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Executive Summary
In Q2 2025, APA Corporation reported a revenue of $2.18 billion, marking a 14.35% decline year-over-year and a 17.37% sequential drop. The company faced significant challenges with a gross profit turning negative, indicating pressures from increased operational costs and market volatility. Nevertheless, net income improved by 11.46% YoY to $603 million, driven by effective cost management and strategic operational adjustments. Management emphasized renewed focus on core assets and evolving market conditions in the energy sector during the earnings call, suggesting potential stabilization in the latter half of 2025.
The decline in revenue reflects broader industry challenges but demonstrates APA's commitment to navigating through adverse conditions successfully. Management's commentary suggested optimism regarding upcoming projects and cost-reduction strategies aiming to enhance profitability and cash flow in the near term.
The significant negative gross profit reflects the operational challenges that APA encountered primarily due to soaring costs coupled with declining revenues. However, management's focus on controlling costs led to a quarterly uptick in net income, showcasing the company's resilience.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
2.18B
-14.35%
-17.37%
Gross Profit
-1.01B
-195.36%
-207.35%
Operating Income
-773.00M
-186.47%
-200.78%
Net Income
603.00M
11.46%
73.78%
EPS
1.66
13.70%
74.74%
Key Financial Ratios
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