Apa (APA) Cost of Revenue (2020 - 2026)

Apa's (APA) quarterly Cost of Revenue came in at $15.0 million in Q1 2026, up 136.59% quarter-over-quarter from -$41.0 million in Q4 2025.

Apa (APA) Cost of Revenue (2020 - 2026) Analysis & Trends

Apa has disclosed Cost of Revenue across 7 years of filings, most recently posting $15.0 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $15.0 million, changed N/A year-over-year; the trailing twelve-month figure through Mar 2026 was $462.0 million (up 516.0% YoY), and the FY2024 annual result was $53.0 million, down 92.86% from the prior year.
  • Cost of Revenue came in at $15.0 million for Q1 2026 at Apa, up from -$41.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $661.0 million in Q4 2023 to a low of -$1.4 billion in Q4 2022.
  • The 5-year median for Cost of Revenue is $65.0 million (2022), against an average of $23.9 million.
  • Across the five-year window, Cost of Revenue slumped 191.26% in 2022 and soared 2966.67% in 2025, its largest moves.
  • Apa's Cost of Revenue stood at -$1.4 billion in 2022, then jumped by 146.22% to $661.0 million in 2023, then sank by 91.98% to $53.0 million in 2024, then tumbled by 177.36% to -$41.0 million in 2025, then jumped by 136.59% to $15.0 million in 2026.
  • The last three Cost of Revenue figures came in at $15.0 million (Q1 2026), -$41.0 million (Q4 2025), and $184.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Woodside Energy 639.66 Bn 633.72 Bn - 326.00 Mn
2 Canadian Natural Resources 395.91 Bn 395.91 Bn 6.72 Bn 1.16 Bn
3 Conocophillips 147.10 Bn 140.74 Bn 9.48 Bn 6.28 Bn
4 Eog Resources 74.80 Bn 70.95 Bn - -
5 Occidental Petroleum 56.58 Bn 53.39 Bn 4.87 Bn 356.00 Mn
6 Diamondback Energy 55.66 Bn 61.83 Bn 4.22 Bn 24.00 Mn
7 Vista Energy, S.A.B. de C.V 35.54 Bn 34.93 Bn 472.36 Mn 66.16 Mn
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 400.34 Mn
9 Vermilion Energy 32.08 Bn 31.89 Bn 370.10 Mn 4.23 Mn
10 Apa 13.45 Bn 14.10 Bn 2.20 Bn 15.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 15.00 Mn
Mar 31, 2026 15.00 Mn
Dec 31, 2025 -41.00 Mn
Dec 31, 2025 -41.00 Mn
Sep 30, 2025 184.00 Mn
Sep 30, 2025 184.00 Mn
Jun 30, 2025 304.00 Mn
Jun 30, 2025 304.00 Mn
Dec 31, 2024 53.00 Mn
Dec 31, 2024 53.00 Mn
Sep 30, 2024 6.00 Mn
Sep 30, 2024 6.00 Mn
Jun 30, 2024 16.00 Mn
Jun 30, 2024 16.00 Mn
Mar 31, 2024 84.00 Mn
Mar 31, 2024 84.00 Mn
Dec 31, 2023 661.00 Mn
Dec 31, 2023 661.00 Mn
Sep 30, 2023 211.00 Mn
Sep 30, 2023 211.00 Mn