Apa (APA) Gross Margin (2020 - 2026)
Apa's (APA) quarterly Gross Margin came in at 94.91% in Q2 2026, up 655.0% year-over-year from 12.57% in Q2 2025, and down 1.02% quarter-over-quarter from 95.89% in Q1 2026.
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Apa (APA) Gross Margin (2020 - 2026) Analysis & Trends
Apa has disclosed Gross Margin across 7 years of filings, most recently posting 94.91% for Q2 2026.
- In Q2 2026, Gross Margin rose 655.0% year-over-year to 94.91%; the TTM figure through Jun 2026 stood at 94.13% (up 828.0% YoY), while the FY2025 annual figure was 88.39%, down 85.0% from the prior year.
- Gross Margin came in at 94.91% for Q2 2026 at Apa, down from 95.89% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 95.89% in Q1 2026 to a low of 80.05% in Q3 2022.
- Average Gross Margin over 5 years is 89.3%, with a median of 90.55% recorded in 2022.
- Year-over-year, Gross Margin jumped 1444 bps in 2022 and slumped 958 bps in 2025.
- Over 5 years, Gross Margin stood at 86.39% in 2022, then grew by 5 bps to 90.27% in 2023, then declined by 6 bps to 84.73% in 2024, then advanced by 12 bps to 94.54% in 2025, then grew by 0 bps to 94.91% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 94.91% in Q2 2026, 95.89% in Q1 2026, and 94.54% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 167.20 Bn | 159.51 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 107.14 Bn | 105.25 Bn | 8.84 Bn | 82.99% |
| 3 | Eog Resources | 77.75 Bn | 72.85 Bn | - | - |
| 4 | Diamondback Energy | 57.81 Bn | 57.35 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.74 Bn | 45.73 Bn | 6.02 Bn | 81.22% |
| 6 | Expand Energy | 23.21 Bn | 21.95 Bn | 2.33 Bn | 78.58% |
| 7 | Permian Resources | 20.03 Bn | 19.77 Bn | - | - |
| 8 | Ovintiv | 18.12 Bn | 17.23 Bn | 2.83 Bn | 93.93% |
| 9 | Apa | 15.88 Bn | 15.44 Bn | 2.28 Bn | 94.91% |
| 10 | Antero Resources | 12.22 Bn | 11.65 Bn | 1.56 Bn | 100.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 94.91% |
| Mar 31, 2026 | 95.89% |
| Dec 31, 2025 | 94.54% |
| Sep 30, 2025 | 90.88% |
| Jun 30, 2025 | 88.36% |
| Mar 31, 2025 | 81.85% |
| Dec 31, 2024 | 84.73% |
| Sep 30, 2024 | 88.50% |
| Jun 30, 2024 | 92.48% |
| Mar 31, 2024 | 91.43% |
| Dec 31, 2023 | 90.27% |
| Sep 30, 2023 | 90.86% |
| Jun 30, 2023 | 93.32% |
| Mar 31, 2023 | 89.36% |
| Dec 31, 2022 | 86.39% |
| Sep 30, 2022 | 80.05% |
| Jun 30, 2022 | 82.70% |
| Mar 31, 2022 | 90.83% |
| Dec 31, 2021 | 82.19% |
| Sep 30, 2021 | 76.01% |