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APA Corporation APA United States — Unproved properties

Other geography segments

Egypt
$67M

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MURUnited States — Unproved oil and natural gas properties
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REICapitalized Costs Unproved Properties
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MTDRCapitalized Costs Unproved Properties
$2.7B+59.1%
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EPSNUnproved properties
$79.69M+138%
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CRGYUnproved properties
$572.53M+56.4%

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:CapitalizedCostsUnprovedProperties.

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(1)North SeaOther InternationalTotal(1)
2025
Proved properties$19,690$14,724$9,757$721$44,892
Unproved properties38499132615
20,07414,8239,75785345,507
Accumulated DD&A(11,220)(12,558)(9,189)(32,967)
$8,854$2,265$568$853$12,540
2024
Proved properties$19,246$14,458$9,661$434$43,799

ITEM 16. FORM 10-K SUMMARY

FAQ

What is APA Corporation's united states — unproved properties?
APA Corporation (APA) reported united states — unproved properties of $384M in Q4 2025.
How has APA Corporation's united states — unproved properties changed year-over-year?
APA Corporation's united states — unproved properties decreased by 46.0% year-over-year, from $711M to $384M.
What does united states — unproved properties mean?
Represents the book value of oil and gas properties that have not yet been proven to contain commercially recoverable reserves. These assets represent the company's exploration portfolio and future growth potential in the United States. Changes in this balance reflect ongoing exploration efforts and the conversion of acreage into proved status.

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