Apa (APA) Operating Expenses (2020 - 2026)

Apa (APA) reported Operating Expenses of $1.4 billion for Q1 2026, down 21.8% on a YoY basis from $1.8 billion in Q1 2025, and down 6.98% sequentially from $1.5 billion in Q4 2025.

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

Apa (APA) has 7 years of Operating Expenses data on file, last reported at $1.4 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 21.8% year-over-year to $1.4 billion; the trailing twelve-month figure through Mar 2026 stood at $5.8 billion (down 29.34% YoY), and the FY2025 full-year result was $6.4 billion, down 21.62% from the prior year.
  • Operating Expenses declined to $1.4 billion in Q1 2026, 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.
  • A 5-year average of $1.5 billion and a median of $1.5 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 71.46% in 2022 and surged 197.03% in 2024, its largest moves.
  • Tracing APA's Operating Expenses over 5 years: stood at $690.0 million in 2022, then retreated by 2.32% to $674.0 million in 2023, then surged by 197.03% to $2.0 billion in 2024, then declined by 25.62% to $1.5 billion in 2025, then fell by 6.98% to $1.4 billion in 2026.
  • Business Quant data shows APA's Operating Expenses at $1.4 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Apa 12.27 Bn 11.98 Bn 2.14 Bn 1.39 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 1.09 Bn