APA · 10-Q · 2026Q3 · Full report

Net Income and Profitability

APA Corp · 2026-11-05 · Importance 69 · Surprise 64 · From source text

Third-quarter 2026 net income attributable to common stock was $698 million, or $2.00 per diluted share, compared with $205 million, or $0.57 per diluted share, in third-quarter 2025. First-nine-month net income was $1.9 billion, or $5.36 per diluted share, versus $1.2 billion, or $3.20 per diluted share, in 2025. Higher oil revenues from stronger realized crude prices drove the year-over-year increase; improved margins on purchased oil and gas activity and lower operating expenses from cost savings also contributed in the first nine months.

Key facts

• APA reported third-quarter 2026 net income attributable to common stock of $698 million, or $2.00 per diluted share, compared with $205 million, or $0.57 per diluted share, in third-quarter 2025. source
• APA reported net income attributable to common stock of $1.9 billion, or $5.36 per diluted share, for the first nine months of 2026, compared with $1.2 billion, or $3.20 per diluted share, in the first nine months of 2025. source
• APA’s net income increase in third-quarter and first-nine-month 2026 versus 2025 was primarily driven by higher oil revenues from stronger crude-oil price realizations; first-nine-month growth also reflected improved third-party purchased oil and gas margins and lower operating expenses from cost savings. source
• APA recognized a $5 million gain on its 2026 open-market debt repurchases. source
• APA recorded no asset impairments in either of the quarters ended September 30, 2026 and September 30, 2025. source
• APA recorded no proved oil and gas property impairments during either of the quarters ended September 30, 2026 and September 30, 2025. source

Impact estimates