Apa (APA) Operating Expenses (2020 - 2026)
Apa (APA) posted Operating Expenses of $1.4 billion for Q1 2026, down 6.98% sequentially from $1.5 billion in Q4 2025, and down 21.8% YoY from $1.8 billion in Q1 2025.
Apa (APA) Operating Expenses (2020 - 2026) Analysis & Trends
Apa has reported Operating Expenses for 7 years, with the latest figure at $1.4 billion in Q1 2026.
- Quarterly Operating Expenses fell 21.8% year-over-year to $1.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.8 billion (down 29.34% YoY) and the FY2025 annual result came in at $6.4 billion, down 21.62% from the prior year.
- Operating Expenses declined to $1.4 billion in Q1 2026 per APA's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.9 billion in Q3 2024 and troughed at $674.0 million in Q4 2023.
- A 5-year average of $1.5 billion and a median of $1.5 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 71.46% in 2022, then jumped 197.03% in 2024.
- Over 5 years, Operating Expenses stood at $690.0 million in 2022, then dropped by 2.32% to $674.0 million in 2023, then surged by 197.03% to $2.0 billion in 2024, then decreased by 25.62% to $1.5 billion in 2025, then slipped by 6.98% to $1.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.4 billion, $1.5 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 5.03 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 54.24 Mn |
| 10 | Apa | 15.35 Bn | 14.91 Bn | 2.28 Bn | 1.12 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.39 Bn |
| Dec 31, 2025 | 1.49 Bn |
| Sep 30, 2025 | 1.35 Bn |
| Jun 30, 2025 | 1.58 Bn |
| Mar 31, 2025 | 1.77 Bn |
| Dec 31, 2024 | 2.00 Bn |
| Sep 30, 2024 | 2.88 Bn |
| Jun 30, 2024 | 1.56 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 674.00 Mn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | 1.26 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 690.00 Mn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 1.59 Bn |
| Mar 31, 2022 | 1.21 Bn |
| Dec 31, 2021 | 2.42 Bn |
| Sep 30, 2021 | 1.53 Bn |