APA Q3 net income $205 million vs. year-earlier loss; adjusted EPS $0.93
APA Corporation reported third-quarter 2025 results on November 5, 2025. Net income attributable to common stock was $205 million, or $0.57 per diluted share, compared with a loss of $223 million a year earlier, while adjusted earnings were $332 million, or $0.93 per share, down from $370 million, or $1.00. Total revenues fell to $2.1 billion from $2.5 billion, but the company raised its fourth-quarter U.S. oil production guidance and expects $350 million in run-rate cost savings by year-end 2025.
Key points
- Total revenues were $2,115 million in the third quarter of 2025, versus $2,531 million in the same quarter of 2024.
- Adjusted earnings were $332 million ($0.93 per diluted share), versus $370 million ($1.00 per share) a year earlier.
- Net debt was reduced by approximately $430 million in the quarter to roughly $4.0 billion, and free cash flow was $339 million.
- U.S. oil production guidance for the fourth quarter was raised to 123,000 barrels per day, and run-rate savings are expected to reach $350 million by year-end 2025.
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 November 05, 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.