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APA Corporation APA North Sea — Exploration

Other segment segments

Egypt
$19M-5.0%
U.S.
$3M+50.0%

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MGY
MGYExploration Expense
$213K-41.3%

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:ExplorationExpense.

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, 2026U.S. / (In millions)Egypt(1)(3) / (In millions)North Sea / (In millions)Intersegment Eliminations& Other(2) / (In millions)Total(3) / (In millions)
Gathering, processing, and transmission(4)6881591
Purchased oil and gas costs7575
Taxes other than income(4)5757
Exploration(5)3191326
Depreciation, depletion, and amortization(5)34215160553
Asset retirement obligation accretion113142
72628818931,206
Operating Income (Loss)$519$521$18$(3)1,055

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APA Corporation's north sea — exploration?
APA Corporation (APA) reported north sea — exploration of $1M in Q1 2026.
How has APA Corporation's north sea — exploration changed year-over-year?
APA Corporation's north sea — exploration decreased by 0.0% year-over-year, from $1M to $1M.
What is the long-term trend for APA Corporation's north sea — exploration?
Over 4 years (2021 to 2025), APA Corporation's north sea — exploration has grown at a -60.0% compound annual growth rate (CAGR), from $39M to $1M.
What does north sea — exploration mean?
Expenditures incurred by the North Sea segment for geological and geophysical studies, exploratory drilling, and other activities aimed at discovering new oil and gas reserves. This represents the segment's investment in future growth and resource replacement.

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