Apa (APA) Gross Margin (2020 - 2026)
Apa (APA) reported Gross Margin of 96.61% for Q1 2026, up 1476.0% on a YoY basis from 6.13% in Q1 2025, and up 106.37% sequentially from 46.81% in Q4 2025.
Apa (APA) Gross Margin (2020 - 2026) Analysis & Trends
Apa (APA) has 7 years of Gross Margin data on file, last reported at 96.61% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1476.0% year-over-year to 96.61%; the trailing twelve-month figure through Mar 2026 stood at 83.71% (down 1213.0% YoY), and the FY2025 full-year result was 88.39%, down 1161.0% from the prior year.
- Gross Margin improved to 96.61% in Q1 2026, from 46.81% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 129.49% in Q4 2023 to a low of 25.38% in Q4 2022.
- A 5-year average of 91.32% and a median of 97.99% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 6276 bps in 2022 and jumped 10411 bps in 2023, its largest moves.
- Tracing APA's Gross Margin over 5 years: stood at 25.38% in 2022, then jumped by 410 bps to 129.49% in 2023, then fell by 23 bps to 100.0% in 2024, then slumped by 53 bps to 46.81% in 2025, then surged by 106 bps to 96.61% in 2026.
- Business Quant data shows APA's Gross Margin at 96.61% in Q1 2026, 46.81% in Q4 2025, and 99.7% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Apa | 12.27 Bn | 11.98 Bn | 2.14 Bn | 96.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.61% |
| Dec 31, 2025 | 46.81% |
| Sep 30, 2025 | 99.70% |
| Jun 30, 2025 | 88.36% |
| Mar 31, 2025 | 81.85% |
| Dec 31, 2024 | 100.00% |
| Sep 30, 2024 | 95.16% |
| Jun 30, 2024 | 105.84% |
| Mar 31, 2024 | 91.43% |
| Dec 31, 2023 | 129.49% |
| Sep 30, 2023 | 98.40% |
| Jun 30, 2023 | 98.67% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 25.38% |
| Sep 30, 2022 | 96.97% |
| Jun 30, 2022 | 99.84% |
| Mar 31, 2022 | 97.99% |
| Dec 31, 2021 | 88.14% |
| Sep 30, 2021 | 76.01% |
| Jun 30, 2021 | 95.85% |