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Q4 25 EPS
$0.91
BEAT +41.72%
Est. $0.64
Q4 25 Revenue
$1.99B
BEAT +6.60%
Est. $1.87B
vs S&P Since Q4 25
+23.9%
BEATING MARKET
APA +30.9% vs S&P +7.0%
Full Year 2025 Results
FY 25 EPS
$3.77
BEAT +7.56%
Est. $3.50
FY 25 Revenue
$8.92B
MISS 2.00%
Est. $9.10B
Market Reaction
Did APA Beat Earnings? Q4 2025 Results
APA Corporation delivered a standout earnings beat in Q4 2025, posting adjusted earnings of $0.91 per diluted share against a consensus estimate of $0.73, a 25.21% positive surprise that underscored the company's aggressive cost discipline even as re… Read more APA Corporation delivered a standout earnings beat in Q4 2025, posting adjusted earnings of $0.91 per diluted share against a consensus estimate of $0.73, a 25.21% positive surprise that underscored the company's aggressive cost discipline even as revenue of $1.99 billion fell short of the $2.17 billion analyst expectation and slid 26.6% year over year amid sharply lower commodity prices. The headline profit figure was driven in large part by U.S. Oil production of 132,000 barrels per day, a 9% sequential jump tied to incremental completion activity and favorable weather, which helped offset broader volume declines from North Sea asset deterioration and dispositions. Particularly notable was APA reaching $350 million in run-rate controllable cost savings two years ahead of schedule, a milestone that underpinned $425 million in quarterly free cash flow and enabled $640 million in shareholder returns for the full year. Looking ahead, management guided for $2.1 billion in 2026 upstream capital, a 10% reduction, with total production expected at 371,000 BOE per day as geopolitical turbulence continues to cloud the broader energy outlook.
Key Takeaways
- • U.S. oil production of 132,000 barrels per day driven by improved run-time, incremental completion activity, and milder-than-normal weather
- • Egypt gross gas production grew approximately 10% year-over-year
- • Achieved $350 million in run-rate controllable spend savings by year-end 2025, two years ahead of schedule
- • Reduced total debt to less than $4.5 billion and net debt to less than $4 billion
APA YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
APA Revenue by Segment
With YoY comparisons, source: SEC Filings
“The progress we delivered in 2025 reflects a fundamental transformation of APA's base business over the past several years. We have high-graded the portfolio, significantly reduced our cost structure, strengthened the balance sheet, and further advanced our exploration efforts, resulting in a more focused, resilient, and capital-efficient company.”
— John J. Christmann IV, Q4 2025 Earnings Press Release
APA Earnings Trends
APA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
APA EPS Trend
Earnings per share: estimate vs actual
APA Revenue Trend
Quarterly revenue: estimate vs actual
APA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.14 | $1.38 | +20.90% | $2.33B | +4.99% |
| Q4 25 BEAT FY | $0.64 | $0.91 | +41.72% | $1.99B | +6.60% |
| FY Full Year | $3.50 | $3.77 | +7.56% | $8.92B | -2.00% |
| Q3 25 BEAT | $0.79 | $0.93 | +17.59% | $2.12B | +0.40% |
| Q2 25 BEAT | $0.48 | $0.87 | +81.51% | $2.18B | +5.55% |
| Q1 25 BEAT | $0.82 | $1.06 | +29.17% | $2.64B | +20.05% |