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APA Corporation APA U.S. — Lease operating expenses

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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:OperatingLeaseExpense.

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)
Realized losses on commodity derivative instruments(66)(66)
1,2458092072,261
Operating Expenses:
Lease operating expenses(4)17011082362
Gathering, processing, and transmission(4)6881591
Purchased oil and gas costs7575
Taxes other than income(4)5757
Exploration(5)3191326

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APA Corporation's U.S. — lease operating expenses?
APA Corporation (APA) reported U.S. — lease operating expenses of $170M in Q1 2026.
How has APA Corporation's U.S. — lease operating expenses changed year-over-year?
APA Corporation's U.S. — lease operating expenses decreased by 15.0% year-over-year, from $200M to $170M.
What is the long-term trend for APA Corporation's U.S. — lease operating expenses?
Over 4 years (2021 to 2025), APA Corporation's U.S. — lease operating expenses has grown at a 16.7% compound annual growth rate (CAGR), from $391M to $724M.
What does U.S. — lease operating expenses mean?
The direct costs incurred to operate and maintain oil and gas wells and related equipment in the U.S. segment. This includes expenses for labor, repairs, maintenance, and materials necessary to keep production flowing.

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