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APA Corporation APA North Sea — Capitalized interest

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Other financials

Income statement

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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$12.25B+88.0%
Enterprise value$16.66B+46.5%
P/E7.5×+1.9×

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:InterestCostsIncurredCapitalized.

The source filing: APA Corporation’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 2:36 PM EST
Fiscal year
FY2025
Accession
0001841666-26-000015
Line itemUnited StatesEgypt(2)North SeaOther InternationalTotal(2)
Development1,558530962882,472
Costs incurred(1)$1,657$784$97$319$2,857
(1) Includes capitalized interest and asset retirement costs:
Capitalized interest$6$39$45
Asset retirement costs5184135
2024
Acquisitions(3)$4,561$3$4,564
Exploration150227161439

ITEM 16. FORM 10-K SUMMARY

FAQ

What is APA Corporation's north sea — capitalized interest?
APA Corporation (APA) reported north sea — capitalized interest of $0 in Q4 2025.
What does north sea — capitalized interest mean?
Represents the portion of interest expense on debt that is allocated to the cost of constructing or developing long-term oil and gas assets. By capitalizing interest rather than expensing it immediately, the company reflects the total cost of asset development on the balance sheet. This practice is common in capital-intensive industries during the construction phase of major projects.

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