APA Q2 2024 Earnings — APA Corporation Revenue & Financial Results | Market Cap Arena

APAAPA Corporation

$11B

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.5B+41.6% YoY

Gross Profit

$1.2B45.8% margin

Operating Income

$894M35.2% margin

Net Income

$541M21.3% margin

EPS (Diluted)

$1.46

QoQ Revenue Growth

+30.3%

Cash Flow

Operating Cash Flow

$877M

Free Cash Flow

$121M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$20.2B

Total Liabilities

$13.7B

Stockholders' Equity

$5.4B

Cash & Equivalents

$160M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$1.8B	+41.6%
Gross Profit	$1.2B	$859M	+35.5%
Operating Income	$894M	$665M	+34.4%
Net Income	$541M	$381M	+42.0%

Revenue Segments

Oil And Gas, Excluding Purchased

$2.2B87%

Oil and Gas, Purchased

$342M13%

Geographic Segments

Segment United States

$1.5B60%

North Sea

$1.0B40%