APA Corporation
0HGC.L
$24.33 0.12%
Exchange: LSE | Sector: Energy | Industry: Oil Gas Energy
Q4 2024
Published: Feb 28, 2025

Earnings Highlights

  • Revenue of $2.71B up 25.2% year-over-year
  • EPS of $0.96 decreased by 83.4% from previous year
  • Gross margin of 40.5%
  • Net income of 354.00M
  • ""Our focus continues to be on strategic investments... despite the short-term volatility we are experiencing."" - CEO John Christmann

APA Corporation (0HGC.L) Q4 2024 Financial Results: Resilient Despite Headwinds

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%.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,178.00 1.66 -14.4% View
Q1 2025 2,636.00 0.95 +35.1% View
Q4 2024 2,712.00 0.96 +25.2% View
Q3 2024 2,531.00 -0.60 +9.7% View
Q2 2024 2,543.00 1.46 +41.6% View