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APA Corporation APA Altus Midstream — Operating Expenses

Discontinued — last reported Q4 '23

Other segment segments

U.S.
$726M-42.6%
Egypt
$288M0.0%
North Sea
$189M-10.8%

Similar metrics at other companies

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ARAntero Midstream — General And Administrative Expense
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PSXMidstream — Cost And Expenses
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ETMidstream — Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses
$446M+5.9%
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ARAntero Midstream — General And Administrative Expense Excluding Share Based Compensation
$11.77M+10.8%
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ETMidstream — Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses
$54M-3.6%

Other financials

Income statement

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Revenue-
Net income$543.0M+29.9%
EPS (diluted)$1.26+31.3%

Balance sheet

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Cash & equivalents$293.0M+337%
Total debt$4.7B-16.9%
Total equity$6.5B+18.8%
Total assets$18.1B-2.4%

Cash flow

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Operating cash flow$554.0M-49.5%

Valuation

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Market cap$11.68B+95.9%
Enterprise value$16.08B+46.5%
P/E7.2×+1.7×

Returns & leverage

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Return on equity27.4%+0.3pp
Debt / equity0.7×-0.3×
Current ratio0.9×0.0×

Where this comes from

Reported directly by APA Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: APA Corporation’s 10-K, filed February 22, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is APA Corporation's altus midstream — operating expenses?
APA Corporation (APA) reported altus midstream — operating expenses of $0 in Q4 2023.
What is the long-term trend for APA Corporation's altus midstream — operating expenses?
Over 2 years (2021 to 2023), APA Corporation's altus midstream — operating expenses has grown at a -100.0% compound annual growth rate (CAGR), from $227M to $0.
What does altus midstream — operating expenses mean?
The total cost to run the midstream business segment.
How do you interpret altus midstream — operating expenses?
Rising expenses relative to revenue suggest margin compression, while declining expenses relative to revenue indicate improved operational efficiency.
How does altus midstream — operating expenses compare across companies?
Standard operating cost metric for business segments across all industries.