ap
APA Corporation
APA
NYSE $31.50
Is APA financially strong?
As of June 30, 2025, APA reported total debt of ~$4.55B, cash of ~$107M, and net debt of ~$4.44B, with available committed borrowing capacity of ~$3.8B. 1H25 CFO was $2.28B, and the company set a long‑term net debt target of $3B.
We note a $909M decommissioning contingency related to previously sold Gulf of Mexico properties, a non‑trivial potential call on cash. Overall leverage appears manageable given cash generation, but the balance sheet is not fortress‑like in a severe downturn.
