Apa APA
NASDAQ APA
$44.53 -0.31 (-0.68%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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