APA posts Q2 profit up to $1.67 per share as revenue falls from a year earlier
APA reported second-quarter 2025 net income attributable to common stock of $603 million, or $1.67 per diluted share, up from $541 million, or $1.46, a year earlier, while total revenues fell to $2.18 billion from $2.54 billion. The company also accelerated its cost-reduction program to $350 million in run-rate savings by 2026 and reduced net debt by more than $850 million during the quarter, which matters to shareholders because it bears on both earnings quality and balance-sheet strength.
Key points
- Net income attributable to common stock was $603 million, or $1.67 per diluted share, versus $541 million, or $1.46, in Q2 2024.
- Total revenues were $2.18 billion, compared with $2.54 billion in the same quarter last year; adjusted earnings were $313 million, or $0.87 per diluted share.
- Net debt fell to $4.4 billion at June 30, 2025, from $5.3 billion at March 31, 2025; APA returned $140 million to shareholders through dividends and buybacks.
- The 2026 run-rate savings target of $350 million was pulled forward from year-end 2027, and the 2025 realized savings target rose to $200 million from $130 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.