UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-40144 APA CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

APA (NasdaqGS:APA) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsBen Rodgers - EVP and CFODoug Leggate - Managing DirectorJohn Christmann - CEOJohn Freeman - Managing DirectorJosh Silverstein - Managing DirectorLeo Mariani - Managing DirectorScott Hanold - Managing DirectorStephane Aka - Managing Director of Investor RelationsSteve Riney - PresidentTracey Henderson - EVP of ExplorationConference Call ParticipantsBob Brackett - Senior AnalystMichael Scialla - Research AnalystNeal Di ...

APA (NasdaqGS:APA) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsBen Rodgers - EVP and CFODoug Leggate - Managing DirectorJohn Christmann - CEOJohn Freeman - Managing DirectorJosh Silverstein - Managing DirectorLeo Mariani - Managing DirectorScott Hanold - Managing DirectorStephane Aka - Managing Director of Investor RelationsSteve Riney - PresidentTracey Henderson - Tracey Henderson EVP of ExplorationConference Call ParticipantsBob Brackett - Senior AnalystMichael Scialla - Resear ...

APA (NasdaqGS:APA) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Speaker9Good day, and thank you for standing by. Welcome to the APA Corporation Fourth Quarter and Full Year 2025 Financial and Operational Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advisi ...

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Fourth-Quarter 2025 Financial and Operational Supplement February 25, 2026 Notice to Investors Forward-looking Statements: Certain statements in this earnings supplement contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, expectations, beliefs, plans, and objectives regarding anticipated financial and operating results, cost reductions, rig counts, ...

HOUSTON, Feb. 25, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced fourth-quarter and full-year 2025 results. Results can be found on the company’s website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call on Feb. 26 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website. About APA APA C ...

In its upcoming report, APA (APA) is predicted by Wall Street analysts to post quarterly earnings of $0.62 per share, reflecting a decline of 21.5% compared to the same period last year. Revenues are forecasted to be $1.92 billion, representing a year-over-year decrease of 23.2%.The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projection ...

Core Insights - APA is expected to report quarterly earnings of $0.62 per share, a decline of 21.5% year-over-year, with revenues forecasted at $1.92 billion, reflecting a decrease of 23.2% compared to the same period last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 5.1%, indicating a collective reassessment by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3] Revenue Projections - Analysts estimate 'Oil, natural gas, and natural gas liquids production revenues - Natural gas revenues' at $173.84 million, a year-over-year increase of 2.3% [5] - The estimate for 'Oil, natural gas, and natural gas liquids production revenues' is projected at $1.58 billion, indicating a decline of 27.7% from the prior year [5] - 'Oil, natural gas, and natural gas liquids production revenues - Natural gas liquids revenues' are expected to reach $130.99 million, down 30.7% year-over-year [6] - 'Oil, natural gas, and natural gas liquids production revenues - Oil revenues' are forecasted at $1.30 billion, reflecting a decrease of 29.2% from the previous year [6] Regional Revenue Estimates - 'Revenues - United States' are projected to be $962.01 million, a significant decline of 43.6% year-over-year [7] - 'Revenues - North Sea' are estimated at $151.33 million, indicating a drop of 50.6% from the prior year [7] - 'Revenues - Egypt' are expected to be $617.34 million, down 11.7% compared to the previous year [7] Production Volume Estimates - Total production volume per day is expected to reach 437 thousand barrels of oil equivalent, down from 488 thousand barrels a year ago [8] - 'Production volume per day - NGL - Total' is projected at 67.61 thousand barrels, compared to 81.70 thousand barrels in the same quarter last year [9] - 'Production volume per day - Oil - Total' is expected to be 230.65 thousand barrels, down from 265.18 thousand barrels in the same quarter last year [10] Stock Performance - Over the past month, APA shares have returned +13.8%, while the Zacks S&P 500 composite has seen a -0.8% change [11] - APA currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near future [11]

Core Viewpoint - APA is expected to report a year-over-year decline in earnings and revenues for the quarter ended December 2025, which could significantly impact its stock price depending on how actual results compare to estimates [1][3]. Earnings Expectations - The consensus estimate for APA's quarterly earnings is $0.62 per share, reflecting a year-over-year decrease of 21.5% [3]. - Revenues are projected to be $1.92 billion, down 23.2% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 5.13% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for APA is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.28% [12]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a potential earnings beat, especially when combined with a strong Zacks Rank [10]. - However, APA currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [12]. Historical Performance - In the last reported quarter, APA exceeded the consensus EPS estimate of $0.74 by delivering earnings of $0.93, resulting in a surprise of +25.68% [13]. - Over the past four quarters, APA has beaten consensus EPS estimates three times [14]. Industry Comparison - Matador Resources, another company in the oil and gas sector, is expected to report earnings of $0.79 per share for the same quarter, indicating a year-over-year decline of 56.8% [18]. - Matador's revenues are expected to be $830.78 million, down 14.4% from the previous year, with a Zacks Rank of 4 and an Earnings ESP of -5.58% [19][20].