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APA Corporation APA North Sea — Accretion expense
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Where this comes from
Reported directly by APA Corporation in its filing.
Tagged under the XBRL concept us-gaap:AssetRetirementObligationAccretionExpense.
The source filing: APA Corporation’s 10-Q, filed May 7, 2026.
- Filed
- May 7, 2026, 2:29 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001841666-26-000034
| For the Quarter Ended March 31, 2026 | U.S. / (In millions) | Egypt(1)(3) / (In millions) | North Sea / (In millions) | Intersegment Eliminations& Other(2) / (In millions) | Total(3) / (In millions) |
|---|---|---|---|---|---|
| Taxes other than income(4) | 57 | — | — | — | 57 |
| Exploration(5) | 3 | 19 | 1 | 3 | 26 |
| Depreciation, depletion, and amortization(5) | 342 | 151 | 60 | — | 553 |
| Asset retirement obligation accretion | 11 | — | 31 | — | 42 |
| 726 | 288 | 189 | 3 | 1,206 | |
| Operating Income (Loss) | $519 | $521 | $18 | $(3) | 1,055 |
| Other Income (Expense): | |||||
| Unrealized losses on derivative instruments | (47) |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is APA Corporation's north sea — accretion expense?
- APA Corporation (APA) reported north sea — accretion expense of $31M in Q1 2026.
- How has APA Corporation's north sea — accretion expense changed year-over-year?
- APA Corporation's north sea — accretion expense increased by 6.9% year-over-year, from $29M to $31M.
- What is the long-term trend for APA Corporation's north sea — accretion expense?
- Over 4 years (2021 to 2025), APA Corporation's north sea — accretion expense has grown at a 10.3% compound annual growth rate (CAGR), from $79M to $117M.
- What does north sea — accretion expense mean?
- The periodic increase in the carrying amount of an asset retirement obligation (ARO) due to the passage of time. This represents the interest-like cost of the future liability to plug and abandon wells and restore the site.
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