APAAPA Corp
Crude Petroleum & Natural Gas
- Revenue
- —
- Operating margin
- —
- EBITDA
- $5.4B
- 14% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.6×
- $3.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear317% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $2.9B | $5.6B | $3.7B | $2.4B | $3.1B | 26% |
| Net income | $973M | $3.7B | $2.9B | $804M | $1.4B | 78% |
| Operating cash flow | $3.5B | $4.9B | $3.1B | $3.6B | $4.5B | 26% |
| Stock-based comp | $175M | $348M | $84M | $49M | $107M | 118% |
| Dividends | $52M | $207M | $308M | $353M | $360M | 2.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $13M | $20M | 197 | 295 |
| FY2024 | $11M | $6M | 176 | 281 |
| FY2023 | $14M | $3M | 265 | 285 |
| FY2022 | $14M | $37M | 337 | 273 |
| FY2021 | $15M | $28M | 191 | 171 |