APA Q2 2023 Earnings — APA Corporation Revenue & Financial Results | Market Cap Arena

APAAPA Corporation

$11B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$1.8B-41.1% YoY

Gross Profit

$859M47.8% margin

Operating Income

$665M37.0% margin

Net Income

$381M21.2% margin

EPS (Diluted)

$1.23

QoQ Revenue Growth

-10.6%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$420M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$13.2B

Total Liabilities

$11.5B

Stockholders' Equity

$709M

Cash & Equivalents

$142M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$3.0B	-41.1%
Gross Profit	$859M	$1.8B	-52.0%
Operating Income	$665M	$1.5B	-56.7%
Net Income	$381M	$926M	-58.9%

Revenue Segments

Oil And Gas, Excluding Purchased

$1.7B92%

Oil and Gas, Purchased

$144M8%

Geographic Segments

North Sea

$986M55%

Segment United States

$810M45%