Apa (APA) Research & Development (2020 - 2026)
Apa's (APA) quarterly Research & Development came in at $58.0 million in Q2 2026, up 34.88% year-over-year from $43.0 million in Q2 2025, and up 123.08% quarter-over-quarter from $26.0 million in Q1 2026.
Analysis
Apa (APA) Research & Development (2020 - 2026) Analysis & Trends
Apa has disclosed Research & Development across 7 years of filings, most recently posting $58.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 34.88% year-over-year to $58.0 million; the TTM figure through Jun 2026 stood at $142.0 million (down 14.97% YoY), while the FY2025 annual figure was $131.0 million, down 58.15% from the prior year.
- Research & Development came in at $58.0 million for Q2 2026 at Apa, up from $26.0 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.
- Average Research & Development over 5 years is $57.1 million, with a median of $50.0 million recorded in 2023.
- Year-over-year, Research & Development surged 184.62% in 2024 and plunged 79.73% in 2025.
- Over 5 years, Research & Development stood at $112.0 million in 2022, then tumbled by 54.46% to $51.0 million in 2023, then climbed by 27.45% to $65.0 million in 2024, then sank by 44.62% to $36.0 million in 2025, then soared by 61.11% to $58.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $58.0 million in Q2 2026, $26.0 million in Q1 2026, and $36.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 16.00 Mn |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 9.77 Mn |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | - |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 58.00 Mn |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.00 Mn |
| 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 |