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| Date | Value |
|---|---|
| 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 |