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APA Corporation APA North Sea — Development

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MURUnited States — Development costs
$174.05M+16.3%

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:CostsIncurredDevelopmentCosts.

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)
2025
Acquisitions$23$10$33
Exploration76244131352
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

ITEM 16. FORM 10-K SUMMARY

FAQ

What is APA Corporation's north sea — development?
APA Corporation (APA) reported north sea — development of $24M in Q4 2025.
How has APA Corporation's north sea — development changed year-over-year?
APA Corporation's north sea — development decreased by 48.4% year-over-year, from $46.5M to $24M.
What is the long-term trend for APA Corporation's north sea — development?
Over 4 years (2021 to 2025), APA Corporation's north sea — development has grown at a -8.2% compound annual growth rate (CAGR), from $135M to $96M.
What does north sea — development mean?
Represents the capital expenditures incurred to develop proved reserves in the North Sea, such as drilling wells and installing production facilities. This is a core metric for assessing the ongoing investment required to maintain production levels.

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