Apa (APA) Operating Expenses (2020 - 2026)
Apa's (APA) quarterly Operating Expenses came in at $1.1 billion in Q2 2026, down 29.17% year-over-year from $1.6 billion in Q2 2025, and down 18.99% quarter-over-quarter from $1.4 billion in Q1 2026.
Analysis
Apa (APA) Operating Expenses (2020 - 2026) Analysis & Trends
Apa has disclosed Operating Expenses across 7 years of filings, most recently posting $1.1 billion for Q2 2026.
- In Q2 2026, Operating Expenses fell 29.17% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $5.5 billion (down 33.82% YoY), while the FY2025 annual figure was $6.4 billion, down 21.62% from the prior year.
- Operating Expenses came in at $1.1 billion for Q2 2026 at Apa, down from $1.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.9 billion in Q3 2024 to a low of $1.1 billion in Q2 2026.
- Average Operating Expenses over 5 years is $1.6 billion, with a median of $1.5 billion recorded in 2022.
- Year-over-year, Operating Expenses soared 95.12% in 2024 and sank 47.67% in 2025.
- Over 5 years, Operating Expenses stood at $1.6 billion in 2022, then fell by 14.32% to $1.4 billion in 2023, then jumped by 48.08% to $2.0 billion in 2024, then fell by 25.62% to $1.5 billion in 2025, then decreased by 24.65% to $1.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.1 billion in Q2 2026, $1.4 billion in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | 114.95 Mn |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 2.30 Bn |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 929.86 Mn |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | 2.02 Bn |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 1.12 Bn |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | 1.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.39 Bn |
| Dec 31, 2025 | 1.49 Bn |
| Sep 30, 2025 | 1.51 Bn |
| Jun 30, 2025 | 1.58 Bn |
| Mar 31, 2025 | 1.85 Bn |
| Dec 31, 2024 | 2.00 Bn |
| Sep 30, 2024 | 2.88 Bn |
| Jun 30, 2024 | 1.86 Bn |
| Mar 31, 2024 | 1.46 Bn |
| Dec 31, 2023 | 1.35 Bn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | 1.26 Bn |
| Mar 31, 2023 | 1.22 Bn |
| Dec 31, 2022 | 1.58 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 1.59 Bn |
| Mar 31, 2022 | 1.53 Bn |
| Dec 31, 2021 | 1.75 Bn |
| Sep 30, 2021 | 1.53 Bn |