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APA Corporation（APA）与Kimbell Royalty Partners, LP（KRP）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是Kimbell Royalty Partners, LP的26.8倍（$2.2B vs $82.5M），Kimbell Royalty Partners, LP净利率更高（30.1% vs 15.0%，领先15.1%），Kimbell Royalty Partners, LP同比增速更快（23.6% vs -24.3%），过去两年APA Corporation的营收复合增速更高（1.4% vs 0.1%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
Kimbell Royalty Partners, LP是一家美国上市有限合伙企业，主营油气矿产及特许权权益的持有与收购，资产覆盖二叠纪、巴肯、伊格尔福特等美国核心陆上产油盆地，收入来源于对应资产开采的特许权使用费。
APA vs KRP — 直观对比
营收规模更大
APA
是对方的26.8倍
$82.5M
营收增速更快
KRP
高出47.9%
-24.3%
净利率更高
KRP
高出15.1%
15.0%
两年增速更快
APA
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $82.5M |
| 净利润 | $331.0M | $24.8M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 39.6% |
| 净利率 | 15.0% | 30.1% |
| 营收同比 | -24.3% | 23.6% |
| 净利润同比 | -22.1% | 163.2% |
| 每股收益（稀释后） | $0.79 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APAKRP
| Q4 25 | $2.2B | $82.5M | ||
| Q3 25 | $2.3B | $80.6M | ||
| Q2 25 | $2.3B | $86.5M | ||
| Q1 25 | $2.7B | $84.2M | ||
| Q4 24 | $2.9B | $66.7M | ||
| Q3 24 | $2.7B | $83.8M | ||
| Q2 24 | $2.8B | $76.6M | ||
| Q1 24 | $2.1B | $82.2M |
净利润APAKRP
| Q4 25 | $331.0M | $24.8M | ||
| Q3 25 | $205.0M | $22.3M | ||
| Q2 25 | $603.0M | $26.7M | ||
| Q1 25 | $418.0M | $25.9M | ||
| Q4 24 | $425.0M | $-39.3M | ||
| Q3 24 | $-223.0M | $25.8M | ||
| Q2 24 | $541.0M | $15.2M | ||
| Q1 24 | $212.0M | $9.3M |
营业利润率APAKRP
| Q4 25 | 32.5% | 39.6% | ||
| Q3 25 | 33.7% | 35.8% | ||
| Q2 25 | 31.8% | 43.7% | ||
| Q1 25 | 31.9% | 39.9% | ||
| Q4 24 | 31.4% | -58.0% | ||
| Q3 24 | -5.2% | 40.8% | ||
| Q2 24 | 34.4% | 31.2% | ||
| Q1 24 | 32.2% | 21.4% |
净利率APAKRP
| Q4 25 | 15.0% | 30.1% | ||
| Q3 25 | 9.0% | 27.7% | ||
| Q2 25 | 26.0% | 30.8% | ||
| Q1 25 | 15.4% | 30.7% | ||
| Q4 24 | 14.6% | -58.8% | ||
| Q3 24 | -8.1% | 30.8% | ||
| Q2 24 | 19.0% | 19.8% | ||
| Q1 24 | 9.9% | 11.4% |
每股收益（稀释后）APAKRP
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $1.67 | — | ||
| Q1 25 | $0.96 | — | ||
| Q4 24 | $0.97 | — | ||
| Q3 24 | $-0.60 | — | ||
| Q2 24 | $1.46 | — | ||
| Q1 24 | $0.44 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.0M | $44.0M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $6.1B | — |
| 总资产 | $17.8B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.70× | — |
8季度趋势，按日历期对齐
现金及短期投资APAKRP
| Q4 25 | $516.0M | $44.0M | ||
| Q3 25 | $475.0M | $40.0M | ||
| Q2 25 | $107.0M | $34.5M | ||
| Q1 25 | $67.0M | $35.6M | ||
| Q4 24 | $625.0M | $34.2M | ||
| Q3 24 | $64.0M | $34.7M | ||
| Q2 24 | $160.0M | $30.9M | ||
| Q1 24 | $102.0M | $39.7M |
总债务APAKRP
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
股东权益APAKRP
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $2.6B | — |
总资产APAKRP
| Q4 25 | $17.8B | $1.2B | ||
| Q3 25 | $17.7B | $1.3B | ||
| Q2 25 | $18.1B | $1.3B | ||
| Q1 25 | $18.5B | $1.3B | ||
| Q4 24 | $19.4B | $1.1B | ||
| Q3 24 | $19.4B | $1.2B | ||
| Q2 24 | $20.2B | $1.2B | ||
| Q1 24 | $15.0B | $1.3B |
负债/权益比APAKRP
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.99× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $808.0M | $57.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.44× | 2.31× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APAKRP
| Q4 25 | $808.0M | $57.2M | ||
| Q3 25 | $1.5B | $62.8M | ||
| Q2 25 | $1.2B | $72.3M | ||
| Q1 25 | $1.1B | $54.2M | ||
| Q4 24 | $1.0B | $56.6M | ||
| Q3 24 | $1.3B | $62.4M | ||
| Q2 24 | $877.0M | $62.9M | ||
| Q1 24 | $368.0M | $69.0M |
现金转化率APAKRP
| Q4 25 | 2.44× | 2.31× | ||
| Q3 25 | 7.12× | 2.81× | ||
| Q2 25 | 1.96× | 2.71× | ||
| Q1 25 | 2.62× | 2.09× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 2.42× | ||
| Q2 24 | 1.62× | 4.14× | ||
| Q1 24 | 1.74× | 7.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
KRP
| Oil And Condensate | $45.9M | 56% |
| Natural Gas Midstream | $19.5M | 24% |
| NGL Revenue | $10.6M | 13% |
| Other | $6.4M | 8% |
