APA Corp
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
APA$44.55-0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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STATEMENT OF CONSOLIDATED OPERATIONS
| For the Quarter EndedJune 30, | For the Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In millions, except share data) | ||||
| REVENUES AND OTHER: | ||||
| Oil, natural gas, and natural gas liquids production revenues | $1,718 | $2,201 | $3,757 | $3,949 |
| Purchased oil and gas sales | 460 | 342 | 1,057 | 545 |
| Total revenues | 2,178 | 2,543 | 4,814 | 4,494 |
| Derivative instrument gains (losses), net | 138 | (3) | 110 | (7) |
| Gain on divestitures, net | 282 | 276 | 280 | 283 |
| Loss on previously sold Gulf of America properties | — | (17) | — | (83) |
| Other, net | 14 | (7) | 20 | 8 |
| 2,612 | 2,792 | 5,224 | 4,695 | |
| OPERATING EXPENSES: | ||||
| Lease operating expenses | 367 | 460 | 774 | 798 |
| Gathering, processing, and transmission | 104 | 121 | 208 | 205 |
| Purchased oil and gas costs | 304 | 210 | 778 | 373 |
| Taxes other than income | 54 | 78 | 128 | 135 |
| Exploration | 43 | 71 | 73 | 219 |
| General and administrative | 66 | 85 | 164 | 178 |
| Transaction, reorganization, and separation | 11 | 115 | 48 | 142 |
| Depreciation, depletion, and amortization | 530 | 588 | 1,173 | 1,018 |
| Asset retirement obligation accretion | 39 | 36 | 78 | 76 |
| Financing costs, net | 66 | 100 | 9 | 176 |
| 1,584 | 1,864 | 3,433 | 3,320 | |
| NET INCOME BEFORE INCOME TAXES | 1,028 | 928 | 1,791 | 1,375 |
| Current income tax provision | 232 | 285 | 538 | 585 |
| Deferred income tax provision (benefit) | 131 | 23 | 170 | (42) |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | 665 | 620 | 1,083 | 832 |
| Net income attributable to noncontrolling interest | 62 | 79 | 133 | 159 |
| NET INCOME ATTRIBUTABLE TO COMMON STOCK | $603 | $541 | $950 | $673 |
| NET INCOME PER COMMON SHARE: | ||||
| Basic | $1.67 | $1.46 | $2.62 | $2.00 |
| Diluted | $1.67 | $1.46 | $2.62 | $2.00 |
| WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||||
| Basic | 361 | 371 | 362 | 337 |
| Diluted | 361 | 372 | 362 | 337 |
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