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APA CORPORATION FY 2025 10-K, explained in plain English

APA · 10-K for the period ending December 31, 2025, filed February 26, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue— not reported
Gross margin— not reported
Operating income$3.1B
Net income$1.4B
Diluted EPS$3.99
Cash & equivalents$516.0M
Total assets$17.8B
Long-term debt$4.3B

Key takeaway

APA generated $4.545 billion in operating cash flow while investing $2.153 billion, primarily in exploration and development, and returned significant cash via $2.501 billion of financing outflows.

🔒 4 more takeaways in the full analysis

Beneath the surface

Despite $516 million cash against $4.493 billion total debt (including current portion), net debt of roughly $3.98 billion is substantial relative to the $6.093 billion stockholders' equity, indicating meaningful leverage.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for APA.

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