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APA Corporation APA U.S. — Operating Income (Loss)

Other segment segments

Egypt
$521M+35.3%
North Sea
$38M

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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:OperatingIncomeLoss.

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)
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
General and administrative(115)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APA Corporation's U.S. — operating income (loss)?
APA Corporation (APA) reported U.S. — operating income (loss) of $519M in Q1 2026.
How has APA Corporation's U.S. — operating income (loss) changed year-over-year?
APA Corporation's U.S. — operating income (loss) increased by 15.6% year-over-year, from $449M to $519M.
What is the long-term trend for APA Corporation's U.S. — operating income (loss)?
Over 4 years (2021 to 2025), APA Corporation's U.S. — operating income (loss) has grown at a -0.1% compound annual growth rate (CAGR), from $1.68B to $1.67B.
What does U.S. — operating income (loss) mean?
The profit or loss generated by the U.S. segment after deducting all operating expenses from total revenues. It measures the core operational profitability of the segment before interest, taxes, and corporate-level allocations.

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