Apa (APA) Gross Margin (2020 - 2026)

Apa (APA) posted Gross Margin of 96.61% for Q1 2026, up 106.37% sequentially from 46.81% in Q4 2025, and up 1476.0% YoY from 6.13% in Q1 2025.

Apa (APA) Gross Margin (2020 - 2026) Analysis & Trends

Apa has reported Gross Margin for 7 years, with the latest figure at 96.61% in Q1 2026.

Quarterly Gross Margin rose 1476.0% year-over-year to 96.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.71% (down 1213.0% YoY) and the FY2025 annual result came in at 88.39%, down 1161.0% from the prior year.
Gross Margin improved to 96.61% in Q1 2026 per APA's latest filing, from 46.81% in the prior quarter.
Over five years, Gross Margin peaked at 129.49% in Q4 2023 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Gross Margin sank 6276 bps in 2022, then soared 10411 bps in 2023.
Over 5 years, Gross Margin stood at 25.38% in 2022, then jumped by 410 bps to 129.49% in 2023, then slipped by 23 bps to 100.0% in 2024, then sank by 53 bps to 46.81% in 2025, then surged by 106 bps to 96.61% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 96.61%, 46.81%, and 99.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Conocophillips	163.55 Bn	155.86 Bn	12.81 Bn	65.62%
2	Canadian Natural Resources	106.27 Bn	104.37 Bn	10.66 Bn	85.63%
3	Eog Resources	80.09 Bn	75.19 Bn	-	-
4	Diamondback Energy	59.30 Bn	58.83 Bn	5.55 Bn	99.84%
5	Devon Energy	46.23 Bn	45.22 Bn	6.02 Bn	81.22%
6	Woodside Energy	45.77 Bn	39.83 Bn	6.02 Bn	91.41%
7	Occidental Petroleum	39.39 Bn	35.24 Bn	7.73 Bn	95.88%
8	Eqt	33.71 Bn	33.60 Bn	1.42 Bn	78.73%
9	Texas Pacific Land	25.43 Bn	25.18 Bn	-	-
10	Apa	15.65 Bn	15.20 Bn	2.28 Bn	94.91%

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