Executive Summary
APA Corporation reported strong revenue growth in Q4 2024, posting a revenue of $2.71 billion, reflecting a 25.15% increase year-over-year and a 7.15% increase quarter-over-quarter. Despite the impressive revenue figures, net income saw significant volatility, dropping to $354 million, a decrease of 80.03% year-over-year. This discrepancy reveals a challenging environment characterized by rising operational costs and substantial depreciation expenses.
Management expressed optimism about maintaining operational robustness through strategic cost management, though they recognized the ongoing impact of market conditions including fluctuating oil prices. With focused investments and efficiency measures, APA is positioning itself for a rebound as global energy demand stabilizes. Investors should closely monitor cash flow metrics and management's commitment to returning value to shareholders through strategic initiatives and capital discipline.
Key Performance Indicators
Revenue
2.71B
QoQ: 7.15% | YoY:25.15%
Gross Profit
1.10B
40.52% margin
QoQ: -0.36% | YoY:-1.08%
Operating Income
831.00M
QoQ: -5.14% | YoY:-8.78%
Net Income
354.00M
QoQ: 258.74% | YoY:-80.03%
EPS
0.96
QoQ: 260.00% | YoY:-83.42%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $2.71 billion - YoY Growth: 25.15% - QoQ Growth: 7.15%
- **Gross Profit:** $1.10 billion - YoY Change: -1.08% - QoQ Change: -0.36%
- **Operating Income:** $831 million - YoY Change: -8.78% - QoQ Change: -5.14%
- **Net Income:** $354 million - YoY Change: -80.03% - QoQ Change: 258.74%
- **EPS:** $0.96 - YoY Change: -83.42% - QoQ Change: 260.00%.