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APA Corporation APA North Sea — Operating Expenses

Other segment segments

U.S.
$726M-42.6%
Egypt
$288M0.0%

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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:OperatingExpenses.

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)
Exploration(5)3191326
Depreciation, depletion, and amortization(5)34215160553
Asset retirement obligation accretion113142
72628818931,206
Operating Income (Loss)$519$521$18$(3)1,055
Other Income (Expense):
Unrealized losses on derivative instruments(47)
Other, net1

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APA Corporation's north sea — operating expenses?
APA Corporation (APA) reported north sea — operating expenses of $189M in Q1 2026.
How has APA Corporation's north sea — operating expenses changed year-over-year?
APA Corporation's north sea — operating expenses decreased by 10.8% year-over-year, from $212M to $189M.
What is the long-term trend for APA Corporation's north sea — operating expenses?
Over 4 years (2021 to 2025), APA Corporation's north sea — operating expenses has grown at a -2.3% compound annual growth rate (CAGR), from $827M to $752M.
What does north sea — operating expenses mean?
The aggregate of all costs incurred to operate the North Sea segment, including lease operating expenses, taxes, exploration, and depreciation. This provides a total view of the cost structure required to maintain segment operations.

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