APA reports Q4 net income of $279 million, down from $354 million a year earlier
APA reported fourth-quarter 2025 net income attributable to common stock of $279 million, or $0.79 per diluted share, down from $354 million, or $0.96, a year earlier, and quarterly revenue of $1,991 million versus $2,712 million. For the full year, net income attributable to common stock rose to $1,434 million, or $3.99 per diluted share, from $804 million, or $2.27, and the company said it expects 2026 total adjusted production of 371,000 barrels of oil equivalent per day, a year-over-year decline.
Key points
- Q4 2025 adjusted earnings were $324 million, or $0.91 per diluted share, versus $290 million, or $0.79, in Q4 2024
- Full-year 2025 free cash flow totaled $1.0 billion and shareholder returns were $640 million, per the release
- 2026 planned total upstream capital is $2.1 billion, a 10% reduction from 2025
- Year-end 2025 net debt was under $4.0 billion; total debt was reduced to less than $4.5 billion
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing 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 February 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.