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
DateValue
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%