Apa (APA) Research & Development (2020 - 2026)
Apa (APA) reported Research & Development of $26.0 million for Q1 2026, down 13.33% on a YoY basis from $30.0 million in Q1 2025, and down 27.78% sequentially from $36.0 million in Q4 2025.
Apa (APA) Research & Development (2020 - 2026) Analysis & Trends
Apa (APA) has 7 years of Research & Development data on file, last reported at $26.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 13.33% year-over-year to $26.0 million; the trailing twelve-month figure through Mar 2026 stood at $127.0 million (down 34.87% YoY), and the FY2025 full-year result was $131.0 million, down 58.15% from the prior year.
- Research & Development declined to $26.0 million in Q1 2026, from $36.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $148.0 million in Q1 2024 to a low of $22.0 million in Q3 2025.
- A 5-year average of $57.1 million and a median of $49.0 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 184.62% in 2024 and tumbled 79.73% in 2025, its largest moves.
- Tracing APA's Research & Development over 5 years: stood at $112.0 million in 2022, then slumped by 54.46% to $51.0 million in 2023, then advanced by 27.45% to $65.0 million in 2024, then plunged by 44.62% to $36.0 million in 2025, then declined by 27.78% to $26.0 million in 2026.
- Business Quant data shows APA's Research & Development at $26.0 million in Q1 2026, $36.0 million in Q4 2025, and $22.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 109.00 Mn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 45.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 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 | 110.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 25.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 14.00 Mn |
| 10 | Apa | 12.27 Bn | 11.98 Bn | 2.14 Bn | 26.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.00 Mn |
| Dec 31, 2025 | 36.00 Mn |
| Sep 30, 2025 | 22.00 Mn |
| Jun 30, 2025 | 43.00 Mn |
| Mar 31, 2025 | 30.00 Mn |
| Dec 31, 2024 | 65.00 Mn |
| Sep 30, 2024 | 29.00 Mn |
| Jun 30, 2024 | 71.00 Mn |
| Mar 31, 2024 | 148.00 Mn |
| Dec 31, 2023 | 51.00 Mn |
| Sep 30, 2023 | 49.00 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | 52.00 Mn |
| Dec 31, 2022 | 112.00 Mn |
| Sep 30, 2022 | 95.00 Mn |
| Jun 30, 2022 | 56.00 Mn |
| Mar 31, 2022 | 42.00 Mn |
| Dec 31, 2021 | 46.00 Mn |
| Sep 30, 2021 | 34.00 Mn |
| Jun 30, 2021 | 26.00 Mn |