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