Apa (APA) Operating Margin (2020 - 2026)
Apa (APA) reported Operating Margin of 34.09% for Q1 2026, up 2004.0% on a YoY basis from 1.62% in Q1 2025, and up 219.75% sequentially from 28.46% in Q4 2025.
Apa (APA) Operating Margin (2020 - 2026) Analysis & Trends
Apa (APA) has 7 years of Operating Margin data on file, last reported at 34.09% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2004.0% year-over-year to 34.09%; the trailing twelve-month figure through Mar 2026 stood at 17.91% (up 72.0% YoY), and the FY2025 full-year result was 18.67%, up 290.0% from the prior year.
- Operating Margin rose to 34.09% in Q1 2026, from 28.46% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 93.87% in Q4 2023 to a low of 28.46% in Q4 2025.
- A 5-year average of 30.29% and a median of 34.09% in 2026 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 9748 bps in 2023 and plunged 7388 bps in 2024, its largest moves.
- Tracing APA's Operating Margin over 5 years: stood at 3.61% in 2022, then soared by 2698 bps to 93.87% in 2023, then sank by 79 bps to 19.98% in 2024, then tumbled by 242 bps to 28.46% in 2025, then soared by 220 bps to 34.09% in 2026.
- Business Quant data shows APA's Operating Margin at 34.09% in Q1 2026, 28.46% in Q4 2025, and 32.9% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | Apa | 12.27 Bn | 11.98 Bn | 2.14 Bn | 34.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.09% |
| Dec 31, 2025 | -28.46% |
| Sep 30, 2025 | 32.90% |
| Jun 30, 2025 | 27.72% |
| Mar 31, 2025 | 14.05% |
| Dec 31, 2024 | 19.98% |
| Sep 30, 2024 | -18.23% |
| Jun 30, 2024 | 49.82% |
| Mar 31, 2024 | 25.22% |
| Dec 31, 2023 | 93.87% |
| Sep 30, 2023 | 34.47% |
| Jun 30, 2023 | 34.37% |
| Mar 31, 2023 | 46.85% |
| Dec 31, 2022 | -3.61% |
| Sep 30, 2022 | 37.78% |
| Jun 30, 2022 | 47.74% |
| Mar 31, 2022 | 66.43% |
| Dec 31, 2021 | -12.48% |
| Sep 30, 2021 | -16.60% |
| Jun 30, 2021 | 34.68% |