2022 Q4 Form 10-K Financial Statement

#000169278723000009 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $295.5M $1.213B $56.33M
YoY Change 424.57% 655.52% 59.77%
Cost Of Revenue $124.4M $558.5M $20.57M
YoY Change 504.63% 1023.83% 101.07%
Gross Profit $171.1M $655.0M $35.76M
YoY Change 378.53% 490.51% 42.89%
Gross Profit Margin 57.92% 53.98% 63.49%
Selling, General & Admin $22.09M $94.27M $7.287M
YoY Change 203.12% 228.83% 1.36%
% of Gross Profit 12.91% 14.39% 20.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.74M $260.3M $4.107M
YoY Change 1549.28% 1506.97% -74.24%
% of Gross Profit 39.58% 39.75% 11.48%
Operating Expenses $126.1M $491.9M $11.39M
YoY Change 1006.87% 996.31% 2.19%
Operating Profit $45.02M $150.5M $24.37M
YoY Change 84.75% 129.36% 75.59%
Interest Expense $3.822M -$149.3M $92.49M
YoY Change -95.87% -3731400.0% 86.67%
% of Operating Profit 8.49% -99.18% 379.55%
Other Income/Expense, Net $102.8M -$3.219M
YoY Change 132.65% 64.23%
Pretax Income $48.83M $253.3M -$46.80M
YoY Change -204.35% 155.33% -178.23%
Income Tax $372.0K $2.616M $0.00
% Of Pretax Income 0.76% 1.03%
Net Earnings $15.50M $250.7M -$31.03M
YoY Change -149.94% 152.69% -447.57%
Net Earnings / Revenue 5.24% 20.66% -55.09%
Basic Earnings Per Share $1.48
Diluted Earnings Per Share $0.34 $1.48 -$4.142M
COMMON SHARES
Basic Shares Outstanding 41.33M shares
Diluted Shares Outstanding 41.36M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.394M $6.394M $132.0M
YoY Change -95.15% -95.15% 445.57%
Cash & Equivalents $6.400M $6.394M $18.73M
Short-Term Investments
Other Short-Term Assets $26.64M $26.64M $5.866M
YoY Change 354.09% 354.09% 175.79%
Inventory $4.800M $4.800M $2.100M
Prepaid Expenses
Receivables $204.0M $204.0M $25.84M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $241.9M $241.9M $217.5M
YoY Change 11.19% 45.15% 408.59%
LONG-TERM ASSETS
Property, Plant & Equipment $2.535B $2.564B $1.839B
YoY Change 37.84% 1271.09% 839.19%
Goodwill $5.077M $0.00
YoY Change
Intangibles $695.4M $786.0M
YoY Change -11.53%
Long-Term Investments $2.381B $2.381B $626.5M
YoY Change 280.11% 74.48% -59.72%
Other Assets $32.28M $32.28M $1.371B
YoY Change -97.65% 418.14% -12.17%
Total Long-Term Assets $5.678B $5.678B $3.336B
YoY Change 70.22% 264.42% 89.87%
TOTAL ASSETS
Total Short-Term Assets $241.9M $241.9M $217.5M
Total Long-Term Assets $5.678B $5.678B $3.336B
Total Assets $5.920B $5.920B $3.553B
YoY Change 66.6% 243.24% 97.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.90M $17.90M $12.22M
YoY Change 46.47% -34.83%
Accrued Expenses $173.9M $177.2M $135.6M
YoY Change 28.21% 1125.21% 3840.82%
Deferred Revenue $6.607M $3.082M
YoY Change 114.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $227.8M $227.8M $240.9M
YoY Change -5.44% 736.25% 703.54%
LONG-TERM LIABILITIES
Long-Term Debt $3.369B $3.369B $657.0M
YoY Change 412.71% 412.71% 5.29%
Other Long-Term Liabilities $2.677M $39.72M $2.219M
YoY Change 20.64% -70.65% -65.46%
Total Long-Term Liabilities $3.419B $3.408B $2.305B
YoY Change 48.31% 330.15% 35787.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.8M $227.8M $240.9M
Total Long-Term Liabilities $3.419B $3.408B $2.305B
Total Liabilities $3.647B $6.759B $2.546B
YoY Change 43.23% 193.65% 194.9%
SHAREHOLDERS EQUITY
Retained Earnings -$958.6M $0.00
YoY Change -100.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity -$839.8M -$839.8M $5.000K
YoY Change
Total Liabilities & Shareholders Equity $5.920B $5.920B $3.553B
YoY Change 66.6% 243.24% 97.44%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $15.50M $250.7M -$31.03M
YoY Change -149.94% 152.69% -447.57%
Depreciation, Depletion And Amortization $67.74M $260.3M $4.107M
YoY Change 1549.28% 1506.97% -74.24%
Cash From Operating Activities $159.8M $613.0M $51.32M
YoY Change 211.28% 192.3% -68.76%
INVESTING ACTIVITIES
Capital Expenditures $47.77M $206.2M -$1.320M
YoY Change -3718.86% -4593.46% -95.6%
Acquisitions
YoY Change
Other Investing Activities -$21.94M -$64.55M $8.904M
YoY Change -346.44% -102.89%
Cash From Investing Activities -$69.71M -$286.1M $7.584M
YoY Change -1019.2% -3357.4% -102.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.294B
YoY Change 2276.15%
Cash From Financing Activities -95.38M -$339.2M -35.93M
YoY Change 165.45% 206.35% -118.69%
NET CHANGE
Cash From Operating Activities 159.8M $613.0M 51.32M
Cash From Investing Activities -69.71M -$286.1M 7.584M
Cash From Financing Activities -95.38M -$339.2M -35.93M
Net Change In Cash -5.334M -$12.34M 22.97M
YoY Change -123.22% -111.45% 26.2%
FREE CASH FLOW
Cash From Operating Activities $159.8M $613.0M $51.32M
Capital Expenditures $47.77M $206.2M -$1.320M
Free Cash Flow $112.0M $406.8M $52.64M
YoY Change 112.74% 89.84% -72.9%

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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 apa Percent Of Common Stock Issued And Outstanding Owned
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CY2022Q4 apa Number Of Entities With Equity Interests
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CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;text-decoration:underline">Use of Estimates</span></div><div style="margin-top:10pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of financial statements in conformity with GAAP and disclosure of contingent assets and liabilities requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. The Company evaluates its estimates and assumptions on a regular basis. Actual results may differ from these estimates and assumptions used in preparation of its Consolidated Financial Statements, and changes in these estimates are recorded when known. Significant items subject to such estimates and assumptions include the valuation of enterprise value, assets acquired and liabilities assumed in a business combination, derivatives, tangible and intangible assets and impairment of long-lived assets and equity method investments.</span></div>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Concentration Risk</span></div><div style="margin-top:10pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All operations and efforts of the Company are focused in the oil and gas industry and are subject to the related risks of the industry. The Company’s assets are located in the Delaware Basin. Demand for the Company’s products and services may be influenced by various regional and global factors and may impact the value of the projects the Company is developing.</span></div>The Company’s concentration of customers may impact its overall business risk, either positively or negatively, in that these entities may be similarly affected by changes in the economy or other conditions. The Company’s operations involve a variety of counterparties, both investment grade and non-investment grade. The Company analyzes the counterparties’ financial condition prior to entering into an agreement, establishes credit limits and monitors the appropriateness of these limits on an ongoing basis within approved tolerances, with the primary focus on published credit ratings when available and inherent liquidity metrics to mitigate credit risk. Typically, through our customer contracts, the Company takes title to the rich gas and associated plant products (NGLs and residue gas). As such, the inherent risk with these types of contracts is mitigated as the Company receives funds for the disposition and sale of such products from downstream counterparties that are large investment grade entities and is able to deduct all fees owed to it by its customers and associated costs before remitting the balance of any funds back to the relevant customer. For those few counterparties’ that retain ownership of their plant products, the Company attempts to minimize credit risk exposure through its credit policies and monitoring procedures as well as through customer deposits, and letters of credit. The Company manages trade credit risk to mitigate credit losses and exposure to uncollectible trade receivables and generally receivables are collected within 30 days.Major Producers are defined as our producers who we gather natural gas, crude and/or produced water and process gas and dispose of produced water from and account for 10% or more of our cost of sales as presented in the consolidated financial statements.The Company regularly maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses with respect to the related risks to cash and does not believe its exposure to such risk is more than nominal.
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6400000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18700000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1000000 usd
CY2022Q4 apa Gas Imbalance Receivable
GasImbalanceReceivable
1500000 usd
CY2021Q4 apa Gas Imbalance Receivable
GasImbalanceReceivable
1500000 usd
CY2022Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
0 usd
CY2021Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
300000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
4800000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2100000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
10600000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
4100000 usd
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1240343000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
822661000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
243301000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-52172000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1213490000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
662044000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
410176000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
38382000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
39750000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45535000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
34631000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
35405000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
155888000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
349591000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14756000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11085000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7180000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
423000 usd
CY2022 apa Contract With Customer Liability Cash Received And Not Recognized As Revenue
ContractWithCustomerLiabilityCashReceivedAndNotRecognizedAsRevenue
21724000 usd
CY2021 apa Contract With Customer Liability Cash Received And Not Recognized As Revenue
ContractWithCustomerLiabilityCashReceivedAndNotRecognizedAsRevenue
4094000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
29300000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14756000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6607000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3082000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
22693000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
11674000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14500000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
17800000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
18400000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1800000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1800000 usd
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1800000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
474258000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
337030000 usd
CY2022Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
PropertyPlantAndEquipmentGrossExcludingDepreciableAssets
2443405000 usd
CY2021Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
PropertyPlantAndEquipmentGrossExcludingDepreciableAssets
1794765000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2535212000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1839279000 usd
CY2022 us-gaap Depreciation
Depreciation
139600000 usd
CY2021 us-gaap Depreciation
Depreciation
106800000 usd
CY2020 us-gaap Depreciation
Depreciation
97400000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1400000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16100000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
569981000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
449259000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
695389000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
786049000 usd
CY2022 apa Right Of Way Agreements Initial Term
RightOfWayAgreementsInitialTerm
P10Y
CY2022 apa Right Of Way Agreements Renewal Period
RightOfWayAgreementsRenewalPeriod
P10Y
CY2022Q4 apa Right Of Way Agreements Percent Of Original Consideration Paid
RightOfWayAgreementsPercentOfOriginalConsiderationPaid
1.30
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y5M19D
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
120700000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
136800000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
126400000 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
119321000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
118538000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
117709000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
111400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
77441000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
150980000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
695389000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2381340000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
626477000 usd
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
363200000 usd
CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
0 usd
CY2022Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
13400000 usd
CY2021Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
12800000 usd
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
611216000 usd
CY2021 apa Equity Method Investment Contributions
EquityMethodInvestmentContributions
20522000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
68335000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
63074000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
626477000 usd
CY2022 apa Equity Method Investment Acquisitions
EquityMethodInvestmentAcquisitions
1752500000 usd
CY2022 apa Equity Method Investment Contributions
EquityMethodInvestmentContributions
78171000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
256764000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
180956000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2381340000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2820000000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2340000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3395000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2346187000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
26490000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
38485000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3368510000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
2307702000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
54280000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3368510000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2253422000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
38500000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9600000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2747000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
868000 usd
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
16131000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9569000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13369000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11917000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
142430000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
104864000 usd
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
139730000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
149252000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
117365000 usd
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
135516000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26500000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
37700000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13400000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11900000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
38700000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26500000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
395000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1000000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3395000000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
135643000 usd
CY2022Q4 apa Accrued Product Purchases Current
AccruedProductPurchasesCurrent
115773000 usd
CY2021Q4 apa Accrued Product Purchases Current
AccruedProductPurchasesCurrent
118364000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
19509000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4299000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3934000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2113000 usd
CY2022Q4 apa Accrued Capital Expenditures
AccruedCapitalExpenditures
3892000 usd
CY2021Q4 apa Accrued Capital Expenditures
AccruedCapitalExpenditures
2995000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
24815000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
0 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5991000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
7872000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
173914000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
43600000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6200000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4800000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2800000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
37420000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
38355000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7059000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
43580000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M20D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0662
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0775
CY2022Q1 apa Purchase Agreement Percent Of Distributions Or Dividends Reinvested In Newly Issued Class A Shares
PurchaseAgreementPercentOfDistributionsOrDividendsReinvestedInNewlyIssuedClassAShares
1
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23554000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3458000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1070000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
740000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
651000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1178000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30651000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1818000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28833000 usd
CY2022 apa Notice Period To Redeem Warrants
NoticePeriodToRedeemWarrants
P30D
CY2022 apa Class Of Warrant Or Right Threshold Trading Days
ClassOfWarrantOrRightThresholdTradingDays
P20D
CY2022 apa Class Of Warrant Or Right Trading Period
ClassOfWarrantOrRightTradingPeriod
P30D
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
89100000 usd
CY2022Q1 apa Dividends Paid In Kind Shares
DividendsPaidInKindShares
21417 shares
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
100000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
42800000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
968000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2616000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
522000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
522000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2094000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1865000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
968000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2094000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1865000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1865000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
968000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.1755
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0103
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0122
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 us-gaap Deferred Tax Assets Investments
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CY2021Q4 us-gaap Deferred Tax Assets Investments
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2021Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Equity Method Investments
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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5238000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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0 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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12530000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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0 usd
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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0 usd
CY2022 apa Preferred Stock Redemption Gains
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CY2021 apa Preferred Stock Redemption Gains
PreferredStockRedemptionGains
0 usd
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PreferredStockRedemptionGains
0 usd
CY2022 apa Net Income Loss Available To Common Stockholders Vested Basic
NetIncomeLossAvailableToCommonStockholdersVestedBasic
61105000 usd
CY2021 apa Net Income Loss Available To Common Stockholders Vested Basic
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0 usd
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NetIncomeLossAvailableToCommonStockholdersVestedBasic
0 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41326000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
0 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41361000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2022 us-gaap Earnings Per Share Basic
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1.48
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
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EarningsPerShareBasic
0
CY2022 us-gaap Earnings Per Share Diluted
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1.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
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0
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
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0 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
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0 usd
CY2022 us-gaap Number Of Operating Segments
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2 segment
CY2022 us-gaap Number Of Operating Segments
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2 segment
CY2022Q4 us-gaap Assets
Assets
5919711000 usd
CY2021Q4 us-gaap Assets
Assets
3553206000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2381300000 usd

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