Apa (APA) Cost of Revenue (2020 - 2026)
Apa's Cost of Revenue came in at $122 million for Q2 2026, down 70.1% from $408 million a year earlier and down 26.5% from the prior quarter.
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Analysis
Apa (APA) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Apa reported Cost of Revenue of $796 million, down 57.8% year-over-year; for FY2025, it was $1.49 billion, up 1.0% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 18.8% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $1.48 billion in FY2024 (+37.5%), $1.08 billion in FY2023 (-49.8%), $2.14 billion in FY2022 (+16.2%) and $1.84 billion in FY2021 (+192.2%).
- The Q2 2026 figure represents the lowest quarterly Cost of Revenue since Q2 2020.
- Year-over-year, Cost of Revenue has declined for four consecutive quarters, with growth averaging 5.9% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2021 (growth of 236.2%), and the weakest in Q1 2026 (a decline of 71.3%).
- Business Quant data shows APA's Cost of Revenue at $166 million (Q1 2026), $214 million (Q4 2025) and $294 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | - |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 36.53 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 35,205.00 |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 6.71 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 28.70 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 1.82 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 40.81 Bn |
| 10 | Apa | 15.51 Bn | 14.18 Bn | 2.48 Bn | 330.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 330.00 Mn |
| Jun 30, 2026 | 122.00 Mn |
| Mar 31, 2026 | 166.00 Mn |
| Dec 31, 2025 | 214.00 Mn |
| Sep 30, 2025 | 294.00 Mn |
| Jun 30, 2025 | 408.00 Mn |
| Mar 31, 2025 | 578.00 Mn |
| Dec 31, 2024 | 486.00 Mn |
| Sep 30, 2024 | 415.00 Mn |
| Jun 30, 2024 | 331.00 Mn |
| Mar 31, 2024 | 247.00 Mn |
| Dec 31, 2023 | 273.00 Mn |
| Sep 30, 2023 | 300.00 Mn |
| Jun 30, 2023 | 209.00 Mn |
| Mar 31, 2023 | 294.00 Mn |
| Dec 31, 2022 | 691.00 Mn |
| Sep 30, 2022 | 573.00 Mn |
| Jun 30, 2022 | 528.00 Mn |
| Mar 31, 2022 | 432.00 Mn |
| Dec 31, 2021 | 505.00 Mn |
API Access
Apa Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=APA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "APA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=APA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();