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APA Corporation APA Midland Basin — Asset acquired, net acres

Discontinued — last reported Q1 '24

Similar metrics at other companies

Permian Resources logo
PRMidland Basin — Merger, Number of Net Leasehold Acres
167K
Texas Pacific Land logo
TPLMidland Basin in Martin, Howard, Midland, and Other Countries — Acquisition of royalty interests
$450.7M
Permian Resources logo
PRDelaware Basin — Merger, Number of Net Leasehold Acres
56K
Permian Resources logo
PRLeaseholds and Leasehold Improvements — Area of Land
$4K
Mid-America Apartment Communities logo
MAAPhoenix AZ — Area Of Land
$3
EQT Corporation logo
EQTMarcellus acres — Acres acquired
335K

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:AreaOfLand.

The official record: APA Corporation’s 10-K, filed February 28, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is APA Corporation's midland basin — asset acquired, net acres?
APA Corporation (APA) reported midland basin — asset acquired, net acres of $25K in Q1 2024.
What does midland basin — asset acquired, net acres mean?
The total amount of new land area the company has purchased or leased for exploration and production in the Midland Basin.
How do you interpret midland basin — asset acquired, net acres?
An increase indicates active expansion and investment in future production capacity, while a decrease may suggest a shift in capital allocation or a focus on optimizing existing assets rather than growth.
How does midland basin — asset acquired, net acres compare across companies?
Peers in the Permian Basin often report similar metrics regarding leasehold acquisitions or acreage additions to demonstrate their inventory depth and competitive positioning.