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APA Corp [APA] reports $620 million quarterly net profit

APA Corp [APA] reports $620 million quarterly net profit

Company generates $2.8 billion in revenue

By USinMinutes
Published - Aug 08, 2024, 08:51 AM ET
Last Updated - Aug 27, 2024, 04:52 AM EDT

APA Corp APA Corp [APA] has reported $620 million quarterly profit, an increase of $408 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

APA Corp reported the quarterly diluted earnings per share (EPS) rose by 231.82 percent to $1.5 from $0.4 in the previous quarter.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $2,792.0  $1,903.0  $8,192.0  $2,309.0 
Net Income $620.0  $212.0  $3,207.0  $555.0 
Net Cash $0.0  $15.0  -$158.0  -$150.0 
Gross Margin $2,792.0       
Profit as % of Revenues450.32       
Profit as % of Assets5.39 1404159.49 22591666.37 4.16 
Profit as % of Stockholder Equity  5803449.22 86887022.49 26.34 
Return on Equity  5803449.22 86887022.49 13.19 
Return on Assets3.07 1417870.52 21037785.36 2.05 
Turnover Ratio24.29 126043.18 577084.29 0.17 

Balance Sheet

Total Assets $20,195.0  $14,952.0  $15,244.0  $13,545.0 
Total Liabilities $13,700.0  $11,299.0  $11,553.0  $11,438.0 

Cash Flow Statement

Operating Cash Flow $0.0  $368.0  $3,129.0  $2,099.0 
Investing Cash Flow $0.0  -$88.0  -$2,138.0  -$1,782.0 
Financing Cash Flow $0.0  -$265.0  -$1,149.0  -$467.0 
Read the full filing
 
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