APA Corporation (APA) - Net Assets
Based on the latest financial reports, APA Corporation (APA) has net assets worth $6.86 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.70 Billion) and total liabilities ($10.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check APA Corporation (APA) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.86 Billion |
| % of Total Assets | 38.78% |
| Annual Growth Rate | 8.93% |
| 5-Year Change | N/A |
| 10-Year Change | 50.47% |
| Growth Volatility | 47.24 |
APA Corporation - Net Assets Trend (1985–2024)
This chart illustrates how APA Corporation's net assets have evolved over time, based on quarterly financial data. Also explore APA Corporation assets under control for the complete picture of this company's asset base.
Annual Net Assets for APA Corporation (1985–2024)
The table below shows the annual net assets of APA Corporation from 1985 to 2024. For live valuation and market cap data, see APA Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.36 Billion | +72.37% |
| 2023-12-31 | $3.69 Billion | +174.42% |
| 2022-12-31 | $1.34 Billion | +287.59% |
| 2021-12-31 | $-717.00 Million | -11.16% |
| 2020-12-31 | $-645.00 Million | -114.45% |
| 2019-12-31 | $4.46 Billion | -49.33% |
| 2018-12-31 | $8.81 Billion | +0.24% |
| 2017-12-31 | $8.79 Billion | +14.48% |
| 2016-12-31 | $7.68 Billion | +81.62% |
| 2015-12-31 | $4.23 Billion | -84.97% |
| 2014-12-31 | $28.14 Billion | -20.50% |
| 2013-12-31 | $35.39 Billion | +12.96% |
| 2012-12-31 | $31.33 Billion | +8.06% |
| 2011-12-31 | $28.99 Billion | +18.94% |
| 2010-12-31 | $24.38 Billion | +54.49% |
| 2009-12-31 | $15.78 Billion | -4.42% |
| 2008-12-31 | $16.51 Billion | +7.35% |
| 2007-12-31 | $15.38 Billion | +16.58% |
| 2006-12-31 | $13.19 Billion | +25.14% |
| 2005-12-31 | $10.54 Billion | +28.48% |
| 2004-12-31 | $8.20 Billion | +25.59% |
| 2003-12-31 | $6.53 Billion | +32.67% |
| 2002-12-31 | $4.92 Billion | +1.34% |
| 2001-12-31 | $4.86 Billion | +29.42% |
| 2000-12-31 | $3.75 Billion | +40.65% |
| 1999-12-31 | $2.67 Billion | +48.15% |
| 1998-12-31 | $1.80 Billion | +4.20% |
| 1997-12-31 | $1.73 Billion | +13.88% |
| 1996-12-31 | $1.52 Billion | +39.08% |
| 1995-12-31 | $1.09 Billion | +33.77% |
| 1994-12-31 | $816.20 Million | +3.86% |
| 1993-12-31 | $785.90 Million | +65.38% |
| 1992-12-31 | $475.20 Million | +8.02% |
| 1991-12-31 | $439.90 Million | +13.73% |
| 1990-12-31 | $386.80 Million | +10.42% |
| 1989-12-31 | $350.30 Million | +69.31% |
| 1988-12-31 | $206.90 Million | +64.47% |
| 1987-12-31 | $125.80 Million | -39.34% |
| 1986-12-31 | $207.40 Million | -8.23% |
| 1985-12-31 | $226.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to APA Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1483.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $307.00 Million | 5.81% |
| Other Comprehensive Income | $12.00 Million | 0.23% |
| Other Components | $7.12 Billion | 134.77% |
| Total Equity | $5.28 Billion | 100.00% |
APA Corporation Competitors by Market Cap
The table below lists competitors of APA Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Frontier Communications Parent Inc
NASDAQ:FYBR
|
$9.64 Billion |
|
Formosa Chemicals & Fibre Corp
TW:1326
|
$9.64 Billion |
|
Harmony Gold Mining Company Limited
F:HAM
|
$9.64 Billion |
|
Yunnan Yuntianhua Co Ltd
SHG:600096
|
$9.65 Billion |
|
Oshkosh Corporation
NYSE:OSK
|
$9.63 Billion |
|
SUBARU CORP. ADR/1/2
F:FUH0
|
$9.62 Billion |
|
Confluent Inc
NASDAQ:CFLT
|
$9.62 Billion |
|
Unigroup Guoxin Microelectronics Co Ltd
SHE:002049
|
$9.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in APA Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,655,000,000 to 5,280,000,000, a change of 2,625,000,000 (98.9%).
- Net income of 804,000,000 contributed positively to equity growth.
- Dividend payments of 353,000,000 reduced retained earnings.
- Share repurchases of 246,000,000 reduced equity.
- Other comprehensive income decreased equity by 3,000,000.
- Other factors increased equity by 2,423,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $804.00 Million | +15.23% |
| Dividends Paid | $353.00 Million | -6.69% |
| Share Repurchases | $246.00 Million | -4.66% |
| Other Comprehensive Income | $-3.00 Million | -0.06% |
| Other Changes | $2.42 Billion | +45.89% |
| Total Change | $- | 98.87% |
Book Value vs Market Value Analysis
This analysis compares APA Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.39x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $4.28 | $40.13 | x |
| 1986-12-31 | $3.97 | $40.13 | x |
| 1987-12-31 | $2.43 | $40.13 | x |
| 1988-12-31 | $3.46 | $40.13 | x |
| 1989-12-31 | $3.99 | $40.13 | x |
| 1990-12-31 | $3.40 | $40.13 | x |
| 1991-12-31 | $3.80 | $40.13 | x |
| 1992-12-31 | $3.99 | $40.13 | x |
| 1993-12-31 | $5.55 | $40.13 | x |
| 1994-12-31 | $5.21 | $40.13 | x |
| 1995-12-31 | $6.24 | $40.13 | x |
| 1996-12-31 | $7.47 | $40.13 | x |
| 1997-12-31 | $7.97 | $40.13 | x |
| 1998-12-31 | $7.95 | $40.13 | x |
| 1999-12-31 | $10.66 | $40.13 | x |
| 2000-12-31 | $13.33 | $40.13 | x |
| 2001-12-31 | $14.14 | $40.13 | x |
| 2002-12-31 | $16.31 | $40.13 | x |
| 2003-12-31 | $20.07 | $40.13 | x |
| 2004-12-31 | $24.81 | $40.13 | x |
| 2005-12-31 | $31.57 | $40.13 | x |
| 2006-12-31 | $39.57 | $40.13 | x |
| 2007-12-31 | $45.97 | $40.13 | x |
| 2008-12-31 | $48.96 | $40.13 | x |
| 2009-12-31 | $46.96 | $40.13 | x |
| 2010-12-31 | $67.90 | $40.13 | x |
| 2011-12-31 | $72.48 | $40.13 | x |
| 2012-12-31 | $80.13 | $40.13 | x |
| 2013-12-31 | $82.26 | $40.13 | x |
| 2014-12-31 | $67.54 | $40.13 | x |
| 2015-12-31 | $6.79 | $40.13 | x |
| 2016-12-31 | $16.46 | $40.13 | x |
| 2017-12-31 | $19.36 | $40.13 | x |
| 2018-12-31 | $18.57 | $40.13 | x |
| 2019-12-31 | $8.63 | $40.13 | x |
| 2020-12-31 | $-4.34 | $40.13 | x |
| 2021-12-31 | $-4.25 | $40.13 | x |
| 2022-12-31 | $1.27 | $40.13 | x |
| 2023-12-31 | $8.59 | $40.13 | x |
| 2024-12-31 | $14.96 | $40.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently APA Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 3.67x
- Recent ROE (15.23%) is above the historical average (3.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 3.50% | 6.15% | 0.24x | 2.37x | $-14.70 Million |
| 1986 | -5.26% | -6.35% | 0.24x | 3.51x | $-31.64 Million |
| 1987 | -64.31% | -80.50% | 0.20x | 4.01x | $-93.48 Million |
| 1988 | 3.87% | 5.65% | 0.20x | 3.39x | $-12.69 Million |
| 1989 | 6.31% | 8.95% | 0.32x | 2.18x | $-12.93 Million |
| 1990 | 10.42% | 14.74% | 0.33x | 2.14x | $1.62 Million |
| 1991 | 7.87% | 9.69% | 0.30x | 2.75x | $-9.39 Million |
| 1992 | 10.06% | 11.30% | 0.35x | 2.56x | $280.00K |
| 1993 | 4.75% | 8.05% | 0.29x | 2.03x | $-41.29 Million |
| 1994 | 5.24% | 7.96% | 0.29x | 2.30x | $-38.82 Million |
| 1995 | 1.85% | 2.69% | 0.28x | 2.46x | $-88.98 Million |
| 1996 | 7.99% | 12.44% | 0.28x | 2.26x | $-30.45 Million |
| 1997 | 8.96% | 13.12% | 0.29x | 2.39x | $-18.02 Million |
| 1998 | -7.18% | -14.76% | 0.22x | 2.22x | $-309.57 Million |
| 1999 | 7.52% | 15.45% | 0.24x | 2.06x | $-66.09 Million |
| 2000 | 18.99% | 31.22% | 0.31x | 1.99x | $337.59 Million |
| 2001 | 16.37% | 26.05% | 0.31x | 2.02x | $281.55 Million |
| 2002 | 11.26% | 21.66% | 0.27x | 1.92x | $61.90 Million |
| 2003 | 17.17% | 26.77% | 0.34x | 1.90x | $468.61 Million |
| 2004 | 20.34% | 31.29% | 0.34x | 1.89x | $848.31 Million |
| 2005 | 24.89% | 34.59% | 0.39x | 1.83x | $1.57 Billion |
| 2006 | 19.35% | 31.61% | 0.33x | 1.84x | $1.23 Billion |
| 2007 | 18.29% | 28.23% | 0.35x | 1.86x | $1.27 Billion |
| 2008 | 4.31% | 5.75% | 0.42x | 1.77x | $-938.92 Million |
| 2009 | -1.80% | -3.30% | 0.31x | 1.79x | $-1.86 Billion |
| 2010 | 12.44% | 24.89% | 0.28x | 1.78x | $594.30 Million |
| 2011 | 15.81% | 27.27% | 0.32x | 1.80x | $1.68 Billion |
| 2012 | 6.39% | 11.81% | 0.28x | 1.94x | $-1.13 Billion |
| 2013 | 6.68% | 13.61% | 0.27x | 1.85x | $-1.11 Billion |
| 2014 | -20.83% | -39.30% | 0.25x | 2.16x | $-8.00 Billion |
| 2015 | -900.97% | -362.20% | 0.34x | 7.34x | $-23.38 Billion |
| 2016 | -22.52% | -26.18% | 0.24x | 3.61x | $-2.03 Billion |
| 2017 | 17.58% | 22.15% | 0.27x | 2.96x | $562.40 Million |
| 2018 | 0.56% | 0.54% | 0.34x | 3.03x | $-673.00 Million |
| 2019 | -107.99% | -54.15% | 0.36x | 5.56x | $-3.84 Billion |
| 2020 | 0.00% | -107.87% | 0.35x | 0.00x | $-4.62 Billion |
| 2021 | 0.00% | 14.21% | 0.60x | 0.00x | $1.29 Billion |
| 2022 | 868.56% | 33.17% | 0.84x | 31.08x | $3.63 Billion |
| 2023 | 107.53% | 34.48% | 0.54x | 5.74x | $2.59 Billion |
| 2024 | 15.23% | 8.26% | 0.50x | 3.67x | $276.00 Million |
Industry Comparison
This section compares APA Corporation's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,466,226,536
- Average return on equity (ROE) among peers: -0.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| APA Corporation (APA) | $6.86 Billion | 3.50% | 1.58x | $9.63 Billion |
| Amplify Energy Corp (AMPY) | $643.58 Million | -23.32% | 1.61x | $225.45 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $-14.85 Million | 0.00% | 0.00x | $105.31 Million |
| Antero Resources Corp (AR) | $5.47 Billion | 12.31% | 1.11x | $10.72 Billion |
| Battalion Oil Corp (BATL) | $1.20 Billion | 3.84% | 0.74x | $41.80 Million |
| BKV Corporation (BKV) | $985.14 Million | -4.40% | 0.36x | $3.02 Billion |
| Barnwell Industries Inc (BRN) | $10.40 Million | 6.73% | 1.77x | $11.33 Million |
| Berry Petroleum Corp (BRY) | $153.15 Million | 14.32% | 0.52x | $253.00 Million |
| Black Stone Minerals LP (BSM) | $910.65 Million | -10.99% | 0.17x | $2.98 Billion |
| Chord Energy Corp (CHRD) | $3.84 Billion | -3.34% | 0.95x | $5.96 Billion |
About APA Corporation
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 … Read more