How APA Group (APA) makes money: Q2 2026 revenue breakdown
The quarter in brief
Revenue grew 9.0% y/y to $2.37B, pre-tax margin 53.8% vs 47.2%, net income $747M (+23.9% y/y).
Key growth driver: Oil revenues — the fastest-growing revenue line: $1,826, +32% y/y. · by the Q2 2026 report
Net income attributable to common stock
$747M
up 23.9% y/y
Total revenues
$2,373M
up 9.0% y/y
Next report
not announced yet
How does APA Group make money?
APA Group brought in $2.37 billion of revenue in Q2 2026, up 9.0% year over year. The largest source was Oil revenues: $1.83 billion, or 77% of the total, followed by Purchased oil and gas sales ($336M, 14%) and Natural gas liquids revenues ($170M, 7%); other lines add the remaining 2%. Net income for the quarter was $747 million, up 23.9% year over year.
Revenue by source, Q2 2026
- Oil revenues$1.83B · 77% · +32.2%
- Purchased oil and gas sales$336M · 14% · −27.0%
- Natural gas liquids revenues$170M · 7% · +11.1%
- Natural gas revenues$41.0M · 2% · −77.7%
Shares of $2.37B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Oil revenues | $1,826 · +32.2% |
| Purchased oil and gas sales | $336 · −27.0% |
| Natural gas liquids revenues | $170 · +11.1% |
| Natural gas revenues | $41 · −77.7% |
| Total revenues | $2,373 · +9.0% |
| Lease operating expenses | $353 · −3.8% |
| Gathering, processing, and transmission | $87 · −16.3% |
| Taxes other than income | $61 · +13.0% |
| Depreciation, depletion, and amortization (calculated) | $504 · −4.9% |
| Purchased oil and gas costs (proceeds) | $122 · vs −$304 |
| Exploration | $58 · +34.9% |
| G&A, transaction and separation costs (calculated) | $80 · +3.9% |
| ARO accretion and financing costs (calculated) | $101 · −3.8% |
| Derivative, divestiture and other gains (calculated) | $26 · −94.0% |
| Net income before income taxes | $1,277 · +24.2% · 53.8% margin |
| Income tax provision (current + deferred) | $450 · +24.0% · 35.2% effective rate |
| Net income attributable to noncontrolling interest | $80 · +29.0% |
| Net income attributable to common stock | $747 · +23.9% · $2.11/sh · 31.5% margin |
Verdict: revenue grew 9.0% y/y to $2.37B, pre-tax margin 53.8% vs 47.2%, net income $747M (+23.9% y/y).
Diluted EPS $2.11 vs $1.67 a year earlier; $738 million of free cash flow and $1.8 billion of adjusted EBITDAX (non-GAAP); $189 million returned to shareholders; dividend $0.25 per share.
Source and notation
Source: APA earnings release, 8-K EX-99 of 08/05/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Oil revenues rose to $1,826M from $1,381M, while natural gas revenues fell to $41M from $184M; U.S. oil production was 123,500 barrels of oil per day, above guidance.
- A year earlier pre-tax income was lifted by a $282M gain on divestitures and $138M of derivative gains; this quarter those items were small.
- Repaid $752 million of near-term bond debt in the first half; total debt has declined by $2.3 billion since year-end 2024.
- Pre-tax income was $1.28B, a 53.8% margin vs 47.2% a year earlier.
- The effective tax rate was 35.2% vs 35.3% a year earlier.
- Diluted EPS was $2.11 vs $1.67 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- John J. Christmann IVChief Executive Officer [1]
- Ben C. RodgersExecutive Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
APA Group (Japan) — APA Group , commonly known as APA, is a Japanese hospitality group that operates a chain of hotels in the country. · Text: Wikipedia, CC BY-SA 4.0, abridged
Company guidance
Same quarter a year ago (ended December 31, 2025): EPS (GAAP) $0.79
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
APA earnings history: past report dates
| Jul 8, 2026 Wed | 5:07 pmafter market close | Jun 30, 2026 | — | $2.11+26% y/y |
| Apr 14, 2026 Tue | 5:13 pmafter market close | Mar 31, 2026 | — | $1.26+31% y/y |
| Jan 20, 2026 Tue | 4:21 pmafter market close | Dec 31, 2025 | — | ≈$0.79−19% y/y |
| Oct 8, 2025 Wed | 4:58 pmafter market close | Sep 30, 2025 | — | $0.57 |
| Aug 7, 2025 Thu | 9:47 amduring market hours | Jun 30, 2025 | — | $1.67+14% y/y |
| May 8, 2025 Thu | 10:08 amduring market hours | Mar 31, 2025 | — | $0.96+118% y/y |
| Feb 27, 2025 Thu | 9:48 amduring market hours | Dec 31, 2024 | — | ≈$0.97−83% y/y |
| Nov 7, 2024 Thu | 9:42 amduring market hours | Sep 30, 2024 | — | −$0.60 |
| Aug 1, 2024 Thu | 9:41 amduring market hours | Jun 30, 2024 | — | $1.46+19% y/y |
| May 2, 2024 Thu | 9:38 amduring market hours | Mar 31, 2024 | — | $0.44−44% y/y |
| Feb 22, 2024 Thu | 9:21 ambefore market open | Dec 31, 2023 | — | ≈$5.75+281% y/y |
| Nov 2, 2023 Thu | 10:40 amduring market hours | Sep 30, 2023 | — | $1.49+16% y/y |
| Aug 3, 2023 Thu | 9:40 amduring market hours | Jun 30, 2023 | — | $1.23−55% y/y |
| May 4, 2023 Thu | 9:20 ambefore market open | Mar 31, 2023 | — | $0.78−86% y/y |
| Feb 23, 2023 Thu | 10:16 amduring market hours | Dec 31, 2022 | — | ≈$1.51+42% y/y |
| Nov 3, 2022 Thu | 9:35 amduring market hours | Sep 30, 2022 | — | $1.28 |
| Aug 4, 2022 Thu | 9:52 amduring market hours | Jun 30, 2022 | — | $2.71+230% y/y |
| May 5, 2022 Thu | 9:38 amduring market hours | Mar 31, 2022 | — | $5.43+432% y/y |
| Feb 22, 2022 Tue | 9:37 amduring market hours | Dec 31, 2021 | — | ≈$1.06 |
| Nov 4, 2021 Thu | 10:13 amduring market hours | Sep 30, 2021 | — | −$0.30 |
| Aug 5, 2021 Thu | 9:59 amduring market hours | Jun 30, 2021 | — | $0.82 |
| May 6, 2021 Thu | 9:13 ambefore market open | Mar 31, 2021 | — | $1.02 |
| Feb 25, 2021 Thu | 9:28 ambefore market open | Dec 31, 2020 | ≈$1.3B−21% y/y | ≈$0.03 |
| Nov 5, 2020 Thu | 9:11 ambefore market open | Sep 30, 2020 | $1.1B−24% y/y | −$0.02+96% y/y |
| Jul 30, 2020 Thu | 6:19 pmafter market close | Jun 30, 2020 | $596M−63% y/y | −$1.02−6% y/y |
| May 7, 2020 Thu | 11:18 amduring market hours | Mar 31, 2020 | $1.3B−23% y/y | −$11.86 |
| Feb 27, 2020 Thu | 9:54 amduring market hours | Dec 31, 2019 | $1.6B−5% y/y | −$7.89−689% y/y |
| Oct 31, 2019 Thu | 10:11 amduring market hours | Sep 30, 2019 | $1.5B−24% y/y | −$0.45 |
| Aug 1, 2019 Thu | 10:31 amduring market hours | Jun 30, 2019 | $1.6B−16% y/y | −$0.96 |
| May 2, 2019 Thu | 9:54 amduring market hours | Mar 31, 2019 | $1.7B−4% y/y | −$0.12 |
| Feb 28, 2019 Thu | 9:26 ambefore market open | Dec 31, 2018 | $1.7B+4% y/y | −$1.00 |
| Nov 1, 2018 Thu | 9:52 amduring market hours | Sep 30, 2018 | $2.0B+42% y/y | $0.21+31% y/y |
| Aug 2, 2018 Thu | 9:58 amduring market hours | Jun 30, 2018 | $1.9B+44% y/y | $0.51−66% y/y |
| May 3, 2018 Thu | 9:12 ambefore market open | Mar 31, 2018 | $1.7B+15% y/y | $0.38−32% y/y |
| Feb 22, 2018 Thu | 1:07 pmduring market hours | Dec 31, 2017 | ≈$1.6B | ≈$1.19 |
| Nov 2, 2017 Thu | 11:12 amduring market hours | Sep 30, 2017 | $1.4B | $0.16 |
| Aug 3, 2017 Thu | 12:29 pmduring market hours | Jun 30, 2017 | $1.3B | $1.50 |
| May 4, 2017 Thu | 10:48 amduring market hours | Mar 31, 2017 | $1.5B | $0.56 |
| Feb 23, 2017 Thu | 11:02 amduring market hours | Dec 31, 2016 | — | ≈−$0.49+97% y/y |
| Nov 3, 2016 Thu | 11:32 amduring market hours | Sep 30, 2016 | — | −$1.60+85% y/y |
| Aug 4, 2016 Thu | 10:46 amduring market hours | Jun 30, 2016 | — | −$0.65+71% y/y |
| May 5, 2016 Thu | 11:18 amduring market hours | Mar 31, 2016 | — | −$0.98+92% y/y |
| Feb 25, 2016 Thu | 11:21 amduring market hours | Dec 31, 2015 | — | −$19.07−49% y/y |
| Nov 5, 2015 Thu | 11:19 amduring market hours | Sep 30, 2015 | — | −$10.95−213% y/y |
| Aug 6, 2015 Thu | 11:24 amduring market hours | Jun 30, 2015 | — | −$2.28 |
| May 7, 2015 Thu | 11:24 amduring market hours | Mar 31, 2015 | — | −$12.34 |
| Feb 12, 2015 Thu | 10:59 amduring market hours | Dec 31, 2014 | — | −$12.78 |
| Nov 6, 2014 Thu | 9:10 ambefore market open | Sep 30, 2014 | — | −$3.50 |
| Jul 31, 2014 Thu | 1:13 pmduring market hours | Jun 30, 2014 | — | $1.31−48% y/y |
| May 8, 2014 Thu | 9:36 amduring market hours | Mar 31, 2014 | — | $0.60−66% y/y |
| Feb 13, 2014 Thu | 10:53 amduring market hours | Dec 31, 2013 | — | $0.43−74% y/y |
| Nov 7, 2013 Thu | 9:19 ambefore market open | Sep 30, 2013 | — | $0.75+83% y/y |
| Aug 1, 2013 Thu | 9:29 ambefore market open | Jun 30, 2013 | — | $2.54+195% y/y |
| May 9, 2013 Thu | 9:21 ambefore market open | Mar 31, 2013 | — | $1.76−12% y/y |
| Feb 14, 2013 Thu | 10:41 amduring market hours | Dec 31, 2012 | — | $1.64−45% y/y |
| Nov 1, 2012 Thu | 10:44 amduring market hours | Sep 30, 2012 | — | $0.41−84% y/y |
| Aug 2, 2012 Thu | 10:23 amduring market hours | Jun 30, 2012 | — | $0.86−73% y/y |
| May 3, 2012 Thu | 10:17 amduring market hours | Mar 31, 2012 | — | $2.00−30% y/y |
| Feb 16, 2012 Thu | 10:08 amduring market hours | Dec 31, 2011 | — | $2.98 |
Show all 59 reports since 2012Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
APA Group: 15-year financials
| 2025 | — | 3,087 | 1,434 | 360 |
| 2024 | — | 2,444 | 804 | 353 |
| 2023 | — | 3,696 | 2,855 | 308 |
| 2022 | — | 5,565 | 3,674 | 207 |
| 2021 | — | 2,860 | 973 | 52 |
| 2020 | 4,308 | −4,102 | −4,860 | 123 |
| 2019 | 6,553 | −2,152 | −3,553 | 376 |
| 2018 | 7,764 | 1,836 | 40 | 382 |
| 2017 | 5,887 | 1,190 | 1,304 | 380 |
| 2016 | 5,354 | −803 | −1,405 | 379 |
| 2015 | — | −11,525 | −10,352 | 377 |
| 2014 | — | −4,574 | −8,360 | 365 |
| 2013 | — | 4,984 | 2,188 | 360 |
| 2012 | — | 5,422 | 1,925 | 332 |
| 2011 | — | 8,652 | 4,508 | 306 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $7.0B (39% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
APA Group (APA) earnings: FAQ
How does APA Group make money?
APA Group brought in $2.37 billion of revenue in Q2 2026, up 9.0% year over year. The largest source was Oil revenues: $1.83 billion, or 77% of the total, followed by Purchased oil and gas sales ($336M, 14%) and Natural gas liquids revenues ($170M, 7%); other lines add the remaining 2%. Net income for the quarter was $747 million, up 23.9% year over year.
When is APA's next earnings date?
We have not yet seen an announcement of the date from APA Group (APA). Based on last year's report on Jan 20, 2026, the next report is expected around Jan 19, 2027.
What time does APA report earnings?
APA Group usually reports after market close: its latest results release was filed with the SEC at 4:38 pm ET on Oct 7, 2026.
When did APA last report earnings?
APA Group reported Q2 2026 results on Aug 5, 2026.
Where can I find APA Group's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to APA's filings; this page breaks the latest report down in a Sankey chart.
What was APA's net income in Q2 2026?
APA Group reported net income of $747M for Q2 2026 (+23.9% year over year), under US GAAP.
Does APA Group pay dividends?
Yes. In 2025, APA Group paid $360M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has APA Group's revenue changed since 2016?
Per its 10-K filings, revenue fell 20%: $5,354M in 2016 and $4,308M in 2020. The peak was $7,764M in 2018. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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