Apa (APA) Operating Expenses (2020 - 2026)

Apa's (APA) quarterly Operating Expenses came in at $1.2 billion in Q1 2026, down 31.9% year-on-year from $1.8 billion in Q1 2025, and down 19.01% quarter-over-quarter from $1.5 billion in Q4 2025.

Apa (APA) Operating Expenses (2020 - 2026) Analysis & Trends

Apa has disclosed Operating Expenses across 7 years of filings, most recently posting $1.2 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.2 billion, down 31.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.6 billion (down 32.3% YoY), and the FY2025 annual result was $6.4 billion, down 11.87% from the prior year.
  • Operating Expenses came in at $1.2 billion for Q1 2026 at Apa, down from $1.5 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 $674.0 million in Q4 2023.
  • The 5-year median for Operating Expenses is $1.5 billion (2023), against an average of $1.5 billion.
  • Across the five-year window, Operating Expenses soared 166.62% in 2024 and plunged 53.19% in 2025, its largest moves.
  • Apa's Operating Expenses stood at $1.3 billion in 2022, then sank by 49.25% to $674.0 million in 2023, then jumped by 166.62% to $1.8 billion in 2024, then declined by 17.14% to $1.5 billion in 2025, then slipped by 19.01% to $1.2 billion in 2026.
  • The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 1.04 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 2.28 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 4.32 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 1.12 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 4.12 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -52.32 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 54.87 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 103.33 Mn
10 Apa 12.94 Bn 13.59 Bn 2.20 Bn 1.21 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.21 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 1.80 Bn
Sep 30, 2024 2.88 Bn
Jun 30, 2024 1.86 Bn
Mar 31, 2024 1.26 Bn
Dec 31, 2023 674.00 Mn
Sep 30, 2023 1.48 Bn
Jun 30, 2023 1.11 Bn
Mar 31, 2023 1.22 Bn
Dec 31, 2022 1.33 Bn
Sep 30, 2022 1.70 Bn
Jun 30, 2022 1.42 Bn
Mar 31, 2022 1.53 Bn
Dec 31, 2021 1.51 Bn
Sep 30, 2021 1.53 Bn
Jun 30, 2021 1.29 Bn