APA · 10-Q · 2026Q2 · Full report

Net Income and Profitability

APA Corp · 2026-08-06 · Importance 52 · Surprise 30 · From source text

Second-quarter 2026 net income attributable to common stock was approximately $1.2 billion, compared with approximately $0.9 billion in the second quarter of 2025, while diluted EPS increased 26% to $2.11 from $1.67. Six-month net income attributable to common stock was $1.193 billion, up from approximately $0.9 billion in the prior-year period, and diluted EPS rose 29% to $3.37 from $2.62. Six-month income before income taxes increased 18% to $2.107 billion from $1.791 billion, while operating cash flow remained broadly stable at $2.260 billion versus $2.277 billion.

Key facts

• Net income attributable to common stock for the second quarter of 2026 was $747 million, or $2.11 per diluted share. source
• Net income attributable to common stock for the second quarter of 2025 was $603 million, or $1.67 per diluted share. source
• Net income attributable to common stock for the first six months of 2026 was $1.2 billion, or $3.37 per diluted share. source
• Net income attributable to common stock for the first six months of 2025 was $950 million, or $2.62 per diluted share. source
• On January 10, 2025, APA paid a total of $869 million in cash in the tender offers for aggregate $1 billion in principal amount of Apache notes tendered and recognized a gain of $135 million. source
• During the six months ended June 30, 2025, the Company purchased and canceled indebtedness issued under indentures in an aggregate principal amount of $108 million for an aggregate purchase price of $100 million and recognized a $10 million gain. source
• Net income before income taxes for the quarter ended June 30: $1,277 million (current quarter) and $1,028 million (prior quarter). source
• Net income including noncontrolling interests for the quarter ended June 30: $1,370 million (current quarter) and $1,083 million (prior quarter). source

Impact estimates