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APA Corporation APA Exploration Expense

Exploration Expense at other companies

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$37M-55.4%
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$75M-7.4%
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Segments

By segment

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Egypt$19M-5.0%
U.S.$3M+50.0%
North Sea$1M0.0%

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$14.37B+101%
Enterprise value$18.78B+56.4%
P/E8.8×+2.6×

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
Line itemFor the Quarter Ended March 31, 2026For the Quarter Ended March 31, 2025
Gathering, processing, and transmission91104
Purchased oil and gas costs75474
Taxes other than income5774
Exploration2630
General and administrative11598
Transaction, reorganization, and separation737
Depreciation, depletion, and amortization553643
Asset retirement obligation accretion4239

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APA Corporation's exploration expense?
APA Corporation (APA) reported exploration expense of $26M in Q1 2026.
How has APA Corporation's exploration expense changed year-over-year?
APA Corporation's exploration expense decreased by 13.3% year-over-year, from $30M to $26M.
What is the long-term trend for APA Corporation's exploration expense?
Over 4 years (2021 to 2025), APA Corporation's exploration expense has grown at a -4.1% compound annual growth rate (CAGR), from $155M to $131M.
What does exploration expense mean?
This includes costs incurred during the search for new oil and gas reserves, such as geological and geophysical studies and dry hole costs. It represents the company's investment in future production growth.

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