How does APA (APA) make money?

APA (APA) generates revenue primarily from Oil and Gas, which accounted for 56.6% of total revenue in TTM through Q1 2026. The company reported $8.61B in revenue and converted 17.8% of it into net profit, equivalent to roughly $1.53B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of APA (APA)?

APA (APA) reported a gross profit margin of 48.6% in TTM through Q1 2026, equivalent to $4.19B in gross profit on $8.61B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of APA (APA)?

APA (APA) reported an operating profit margin of 32.7% in TTM through Q1 2026, equivalent to $2.81B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of APA (APA)?

APA (APA) reported a net profit margin of 17.8% in TTM through Q1 2026, equivalent to $1.53B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is APA (APA) profitable?

Yes. APA (APA) reported $1.53B in net income for TTM through Q1 2026, with a net profit margin of 17.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does APA (APA) spend on capital expenditures?

APA (APA) spent $2.52B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 29.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does APA (APA) generate?

APA (APA) generated $1.49B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 17.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of APA (APA)?

APA (APA) had an effective tax rate of 36.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of APA (APA)?

APA (APA) reports revenue across 3 reportable product segments, led by Oil and Gas at 56.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does APA (APA) generate most of its revenue?

Segment United States is the largest geographic market for APA (APA), accounting for 52.3% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How APA Makes Money: 2026 Visual Revenue Map

APA (APA) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

APA (APA) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for APA (APA), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Oil and Gas	$4.88B	56.6%
Oil & Gas (excl. Purchased)	$3.09B	35.9%
Oil and Gas, Purchased	$641M	7.4%
Total	$8.61B	100%

Oil and Gas$4.88B
Oil & Gas (excl. Purchased)$3.09B
Oil and Gas, Purchased$641M
Total$8.61B

APA (APA) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for APA (APA), TTM through Q1 2026
Region	Revenue (USD)	% of total
Segment United States	$3.84B	52.3%
North Sea	$3.5B	47.7%
Total	$7.35B	100%

Segment United States
North Sea
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, APA (APA) reports revenue across 3 reportable product segments; the largest segment was Oil and Gas at 56.6%, followed by Oil & Gas (excl. Purchased) (35.9%) and Oil and Gas, Purchased (7.4%). Geographically, Segment United States accounted for 52.3% of revenue, followed by North Sea (47.7%).

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