2023 Q4 Form 10-K Financial Statement

#000169278724000011 Filed on March 05, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $348.9M $1.256B $1.213B
YoY Change 18.06% 3.54% 655.52%
Cost Of Revenue $148.3M $537.3M $558.5M
YoY Change 19.25% -3.79% 1023.83%
Gross Profit $200.6M $719.1M $655.0M
YoY Change 17.2% 9.78% 490.51%
Gross Profit Margin 57.49% 57.23% 53.98%
Selling, General & Admin $24.78M $97.91M $94.27M
YoY Change 12.16% 3.86% 228.83%
% of Gross Profit 12.35% 13.62% 14.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.71M $281.0M $260.3M
YoY Change 7.35% 7.93% 1506.97%
% of Gross Profit 36.25% 39.08% 39.75%
Operating Expenses $140.2M $540.4M $491.9M
YoY Change 11.17% 9.86% 996.31%
Operating Profit $60.37M $159.3M $150.5M
YoY Change 34.1% 5.83% 129.36%
Interest Expense -$21.85M -$205.9M -$149.3M
YoY Change -671.56% 37.92% -3731400.0%
% of Operating Profit -36.18% -129.26% -99.18%
Other Income/Expense, Net -$5.711M $102.8M
YoY Change -105.55% 132.65%
Pretax Income $32.42M $153.5M $253.3M
YoY Change -33.62% -39.39% 155.33%
Income Tax -$234.9M -$232.9M $2.616M
% Of Pretax Income -724.76% -151.69% 1.03%
Net Earnings $243.0M $386.5M $250.7M
YoY Change 1468.16% 54.14% 152.69%
Net Earnings / Revenue 69.65% 30.76% 20.66%
Basic Earnings Per Share $5.25 $1.48
Diluted Earnings Per Share $0.56 $2.52 $1.48
COMMON SHARES
Basic Shares Outstanding 51.82M shares 41.33M shares
Diluted Shares Outstanding 146.2M shares 41.36M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.510M $4.510M $6.394M
YoY Change -29.47% -29.47% -95.15%
Cash & Equivalents $4.500M $4.510M $6.394M
Short-Term Investments
Other Short-Term Assets $33.97M $33.97M $26.64M
YoY Change 27.52% 27.52% 354.09%
Inventory $3.100M $3.100M $4.800M
Prepaid Expenses
Receivables $215.7M $215.7M $204.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.3M $257.3M $241.9M
YoY Change 6.38% 6.38% 45.15%
LONG-TERM ASSETS
Property, Plant & Equipment $2.743B $2.781B $2.564B
YoY Change 8.21% 8.47% 1271.09%
Goodwill $5.077M
YoY Change 0.0%
Intangibles $591.7M
YoY Change -14.92%
Long-Term Investments $2.541B $2.541B $2.381B
YoY Change 6.71% 6.71% 74.48%
Other Assets $320.9M $320.9M $32.28M
YoY Change 894.2% 894.2% 418.14%
Total Long-Term Assets $6.240B $6.240B $5.678B
YoY Change 9.89% 9.89% 264.42%
TOTAL ASSETS
Total Short-Term Assets $257.3M $257.3M $241.9M
Total Long-Term Assets $6.240B $6.240B $5.678B
Total Assets $6.497B $6.497B $5.920B
YoY Change 9.75% 9.75% 243.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.00M $34.00M $17.90M
YoY Change 89.95% 89.95%
Accrued Expenses $177.4M $206.0M $177.2M
YoY Change 2.02% 16.24% 1125.21%
Deferred Revenue $6.477M
YoY Change -1.97%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $250.1M $250.1M $227.8M
YoY Change 9.8% 9.8% 736.25%
LONG-TERM LIABILITIES
Long-Term Debt $3.563B $3.563B $3.369B
YoY Change 5.77% 5.77% 412.71%
Other Long-Term Liabilities $3.219M $43.69M $39.72M
YoY Change 20.25% 10.0% -70.65%
Total Long-Term Liabilities $3.620B $3.607B $3.408B
YoY Change 5.86% 5.82% 330.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $250.1M $250.1M $227.8M
Total Long-Term Liabilities $3.620B $3.607B $3.408B
Total Liabilities $3.870B $7.028B $6.759B
YoY Change 6.11% 3.97% 193.65%
SHAREHOLDERS EQUITY
Retained Earnings -$723.5M
YoY Change -24.53%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$530.8M -$530.8M -$839.8M
YoY Change
Total Liabilities & Shareholders Equity $6.497B $6.497B $5.920B
YoY Change 9.75% 9.75% 243.24%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $243.0M $386.5M $250.7M
YoY Change 1468.16% 54.14% 152.69%
Depreciation, Depletion And Amortization $72.71M $281.0M $260.3M
YoY Change 7.35% 7.93% 1506.97%
Cash From Operating Activities $178.9M $584.5M $613.0M
YoY Change 11.98% -4.65% 192.3%
INVESTING ACTIVITIES
Capital Expenditures $68.68M $312.9M $206.2M
YoY Change 43.77% 51.76% -4593.46%
Acquisitions
YoY Change
Other Investing Activities -$35.04M -$356.8M -$64.55M
YoY Change 59.7% 452.69%
Cash From Investing Activities -$103.7M -$686.3M -$286.1M
YoY Change 48.78% 139.86% -3357.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.757M
YoY Change
Debt Paid & Issued, Net $800.0M $2.294B
YoY Change -65.13% 2276.15%
Cash From Financing Activities -70.73M $99.96M -$339.2M
YoY Change -25.84% -129.47% 206.35%
NET CHANGE
Cash From Operating Activities 178.9M $584.5M $613.0M
Cash From Investing Activities -103.7M -$686.3M -$286.1M
Cash From Financing Activities -70.73M $99.96M -$339.2M
Net Change In Cash 4.442M -$1.884M -$12.34M
YoY Change -183.28% -84.73% -111.45%
FREE CASH FLOW
Cash From Operating Activities $178.9M $584.5M $613.0M
Capital Expenditures $68.68M $312.9M $206.2M
Free Cash Flow $110.2M $271.6M $406.8M
YoY Change -1.58% -33.24% 89.84%

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0 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
358000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
219000 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3613000 usd
CY2023 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
-125000000 usd
CY2022 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
13401000 usd
CY2021 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-686320000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-286130000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
800000000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3000000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30189000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
800000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2294130000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
96548000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
CY2023 apa Gain Loss Mandatorily Redeemable Preferred Units
GainLossMandatorilyRedeemablePreferredUnits
0 usd
CY2022 apa Gain Loss Mandatorily Redeemable Preferred Units
GainLossMandatorilyRedeemablePreferredUnits
9580000 usd
CY2021 apa Gain Loss Mandatorily Redeemable Preferred Units
GainLossMandatorilyRedeemablePreferredUnits
0 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-19402000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12611000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-382000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
200015000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
180956000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
63074000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1876000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27975000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
55983000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
42780000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-233400000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2094000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1865000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12131000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8329000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5910000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11476000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2721000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6521000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
38672000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
77363000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
206160000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78030000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
16694000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
15419000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4682000 usd
CY2023 apa Equity Method Investment Contributions
EquityMethodInvestmentContributions
238803000 usd
CY2022 apa Equity Method Investment Contributions
EquityMethodInvestmentContributions
78171000 usd
CY2021 apa Equity Method Investment Contributions
EquityMethodInvestmentContributions
20522000 usd
CY2023 apa Equity Method Investment Distributions
EquityMethodInvestmentDistributions
6679000 usd
CY2022 apa Equity Method Investment Distributions
EquityMethodInvestmentDistributions
0 usd
CY2021 apa Equity Method Investment Distributions
EquityMethodInvestmentDistributions
0 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
358000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
219000 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3613000 usd
CY2023 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
-125000000 usd
CY2022 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
13401000 usd
CY2021 apa Net Cash Paid For Acquired In Acquisitions
NetCashPaidForAcquiredInAcquisitions
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-686320000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-286130000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99621000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
800000000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3000000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30189000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
800000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2294130000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
96548000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11238000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
37009000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3152000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
752500000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
565000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
38500000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
553500000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
879000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
69500000 usd
CY2023 apa Redemption Of Mandatorily Redeemable Preferred Units
RedemptionOfMandatorilyRedeemablePreferredUnits
0 usd
CY2022 apa Redemption Of Mandatorily Redeemable Preferred Units
RedemptionOfMandatorilyRedeemablePreferredUnits
183297000 usd
CY2021 apa Redemption Of Mandatorily Redeemable Preferred Units
RedemptionOfMandatorilyRedeemablePreferredUnits
0 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
461460000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2023 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
0 usd
CY2022 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
1850000 usd
CY2021 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
0 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6937000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
81352000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39298000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 usd
CY2023 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
697000 usd
CY2022 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
1230000 usd
CY2021 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
51189000 usd
CY2023 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
CY2022 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
CY2021 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
14890000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5757000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99956000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-339211000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136810000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1884000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12335000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-862000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6394000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18729000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19591000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6394000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18729000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
108392000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27316000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11238000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
37009000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3152000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
752500000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
565000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
38500000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
553500000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
879000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
69500000 usd
CY2022 apa Redemption Of Mandatorily Redeemable Preferred Units
RedemptionOfMandatorilyRedeemablePreferredUnits
183297000 usd
CY2021 apa Redemption Of Mandatorily Redeemable Preferred Units
RedemptionOfMandatorilyRedeemablePreferredUnits
0 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
461460000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2023 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
0 usd
CY2022 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
1850000 usd
CY2021 apa Distributions Paid To Mandatorily Redeemable Preferred Securities
DistributionsPaidToMandatorilyRedeemablePreferredSecurities
0 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6937000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
81352000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39298000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 usd
CY2023 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
697000 usd
CY2022 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
1230000 usd
CY2021 apa Temporary Equity Distributions Made To Limited Partners
TemporaryEquityDistributionsMadeToLimitedPartners
51189000 usd
CY2023 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
CY2022 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
CY2021 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
14890000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5757000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99956000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-339211000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136810000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1884000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12335000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-862000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6394000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18729000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19591000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4510000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6394000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18729000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
207700000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
120270000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
108392000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27316000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17274000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8527000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17274000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8527000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5189000 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
CY2023 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
352060000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
263285000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1430705000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
10000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1013745000 usd
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-179323000 usd
CY2022 apa Preferred Stock Redemption Gains
PreferredStockRedemptionGains
32900000 usd
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
263285000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42780000 usd
CY2022 apa Adjustments To Additional Paid In Capital Step Up In Tax Basis
AdjustmentsToAdditionalPaidInCapitalStepUpInTaxBasis
297000 usd
CY2022 apa Contingent Consideration Arrangements Change In Amount Of Contingent Consideration
ContingentConsiderationArrangementsChangeInAmountOfContingentConsideration
4451000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40735000 usd
CY2022 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-2325918000 usd
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
91383000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-839775000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-839775000 usd
CY2023 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-5634000 usd
CY2023 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
352060000 usd
CY2023 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5757000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
55983000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
55983000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
289442000 usd
CY2023 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-236288000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
152122000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-530823000 usd
CY2023Q4 apa Number Of Pipelines Owned
NumberOfPipelinesOwned
2 pipeline
CY2023Q4 apa Number Of Entities With Equity Interests
NumberOfEntitiesWithEquityInterests
4 power_generator
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5189000 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
CY2023 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
352060000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
263285000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1430705000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
10000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
10000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1013745000 usd
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-179323000 usd
CY2022 apa Preferred Stock Redemption Gains
PreferredStockRedemptionGains
32900000 usd
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
263285000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42780000 usd
CY2022 apa Adjustments To Additional Paid In Capital Step Up In Tax Basis
AdjustmentsToAdditionalPaidInCapitalStepUpInTaxBasis
297000 usd
CY2022 apa Contingent Consideration Arrangements Change In Amount Of Contingent Consideration
ContingentConsiderationArrangementsChangeInAmountOfContingentConsideration
4451000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40735000 usd
CY2022 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-2325918000 usd
CY2022 us-gaap Dividends Common Stock Cash
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91383000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-839775000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-839775000 usd
CY2023 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-5634000 usd
CY2023 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
352060000 usd
CY2023 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5757000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
55983000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
55983000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
289442000 usd
CY2023 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-236288000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
152122000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-530823000 usd
CY2023Q4 apa Number Of Pipelines Owned
NumberOfPipelinesOwned
2 pipeline
CY2023Q4 apa Number Of Entities With Equity Interests
NumberOfEntitiesWithEquityInterests
4 power_generator
CY2023 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 (“EMI” or “EMIs”).</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 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 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.<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%">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.</span></div>
CY2023 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 (“EMI” or “EMIs”).</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 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 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.<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%">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.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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1000000.0 usd
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GasImbalanceReceivable
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CY2022Q4 apa Gas Imbalance Receivable
GasImbalanceReceivable
1500000 usd
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CY2022Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
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4800000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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4500000 usd
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CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Asset Retirement Obligation
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CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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9600000 usd
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89100000 usd
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CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
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CY2022 us-gaap Goodwill Impairment Loss
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 apa Number Of Pipelines With Equity Investment Interest
NumberOfPipelinesWithEquityInvestmentInterest
4 pipeline
CY2023Q4 us-gaap Other Assets
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16400000 usd
CY2022Q4 us-gaap Other Assets
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10600000 usd
CY2023 us-gaap Goodwill Impairment Loss
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 apa Number Of Pipelines With Equity Investment Interest
NumberOfPipelinesWithEquityInvestmentInterest
4 pipeline
CY2023Q4 us-gaap Other Assets
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16400000 usd
CY2022Q4 us-gaap Other Assets
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10600000 usd
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89100000 usd
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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EarningsPerShareDiluted
0
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0
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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33454000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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121343000 usd
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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525288000 usd
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22693000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023Q4 us-gaap Capitalized Contract Cost Net
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CY2022Q4 us-gaap Capitalized Contract Cost Net
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17800000 usd
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6600000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
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53400000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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474258000 usd
CY2023Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
PropertyPlantAndEquipmentGrossExcludingDepreciableAssets
2645005000 usd
CY2022Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
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2443405000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2743227000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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2535212000 usd
CY2023 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2023 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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900000 usd
CY2022Q4 us-gaap Equity Method Investments
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CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
349300000 usd
CY2023Q4 us-gaap Accumulated Capitalized Interest Costs
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24700000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
626223000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
474258000 usd
CY2023Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
PropertyPlantAndEquipmentGrossExcludingDepreciableAssets
2645005000 usd
CY2022Q4 apa Property Plant And Equipment Gross Excluding Depreciable Assets
PropertyPlantAndEquipmentGrossExcludingDepreciableAssets
2443405000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2743227000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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2535212000 usd
CY2023 us-gaap Depreciation
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158600000 usd
CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2022 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
569981000 usd
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591670000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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P10Y
CY2023 apa Right Of Way Agreements Renewal Period
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1.30
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120700000 usd
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136800000 usd
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0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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122160000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
569981000 usd
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591670000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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P10Y
CY2023 apa Right Of Way Agreements Renewal Period
RightOfWayAgreementsRenewalPeriod
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1.30
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CY2023 us-gaap Amortization Of Intangible Assets
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122300000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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120700000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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136800000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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122160000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
79408000 usd
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33454000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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121343000 usd
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591670000 usd
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CY2022Q4 us-gaap Equity Method Investments
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CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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349300000 usd
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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363200000 usd
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24700000 usd
CY2022Q4 us-gaap Accumulated Capitalized Interest Costs
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13400000 usd
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626477000 usd
CY2022 apa Equity Method Investment Acquisitions
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1752500000 usd
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CY2022Q4 us-gaap Equity Method Investments
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CY2022Q4 us-gaap Accumulated Capitalized Interest Costs
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CY2021Q4 us-gaap Equity Method Investments
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626477000 usd
CY2022 apa Equity Method Investment Acquisitions
EquityMethodInvestmentAcquisitions
1752500000 usd
CY2022 apa Equity Method Investment Contribution
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76770000 usd
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180956000 usd
CY2022Q4 us-gaap Equity Method Investments
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CY2023 apa Equity Method Investment Contribution
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226948000 usd
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CY2023 apa Equity Method Investments Capitalized Interest
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200015000 usd
CY2023Q4 us-gaap Equity Method Investments
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CY2022Q4 us-gaap Long Term Debt
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31510000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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26490000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3562809000 usd
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CY2023 us-gaap Interest Costs Capitalized Adjustment
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18270000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
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2747000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
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868000 usd
CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Interest Expense Debt
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CY2023Q4 us-gaap Equity Method Investments
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2540989000 usd
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DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
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3570000000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
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3340000000 usd
CY2023Q4 us-gaap Long Term Debt
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3594000000 usd
CY2022Q4 us-gaap Long Term Debt
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31510000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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26490000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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3562809000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2022 us-gaap Interest Costs Capitalized Adjustment
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CY2021 us-gaap Interest Costs Capitalized Adjustment
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CY2021 us-gaap Amortization Of Financing Costs
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205854000 usd
CY2022 us-gaap Interest Costs Incurred
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149252000 usd
CY2021 us-gaap Interest Costs Incurred
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205854000 usd
CY2022 us-gaap Interest Costs Incurred
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149252000 usd
CY2021 us-gaap Interest Costs Incurred
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117365000 usd
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31500000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
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26500000 usd
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2023Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2023Q4 us-gaap Long Term Debt
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109172000 usd
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115773000 usd
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CY2022Q4 us-gaap Taxes Payable Current
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19509000 usd
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CY2022Q4 us-gaap Employee Related Liabilities Current
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3934000 usd
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18534000 usd
CY2022Q4 apa Accrued Capital Expenditures
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CY2022Q4 us-gaap Interest Payable Current
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24815000 usd
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13451000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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5991000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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177421000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Other Accrued Liabilities Current
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13451000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 us-gaap Accrued Liabilities Current
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177421000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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173914000 usd
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CY2022 us-gaap Operating Lease Cost
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CY2023 us-gaap Short Term Lease Cost
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30938000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
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CY2022 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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CY2023Q4 apa Warrants Or Rights Liabilities
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CY2023 us-gaap Fair Value Adjustment Of Warrants
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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CY2022Q1 apa Purchase Agreement Percent Of Distributions Or Dividends Reinvested In Newly Issued Class A Shares
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1
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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269000 shares
CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2023 us-gaap Short Term Lease Cost
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4800000 usd
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P1Y8M19D
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0.0876
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0662
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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82712000 usd
CY2023Q4 us-gaap Assets
Assets
6496873000 usd
CY2022Q4 us-gaap Assets
Assets
5919711000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2541000000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2381300000 usd

Files In Submission

Name View Source Status
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0001692787-24-000011-index.html Edgar Link pending
0001692787-24-000011.txt Edgar Link pending
0001692787-24-000011-xbrl.zip Edgar Link pending
apa-20231231.htm Edgar Link pending
apa-20231231.xsd Edgar Link pending
apa-20231231_g1.jpg Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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apa-20231231_lab.xml Edgar Link unprocessable
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apa-20231231_htm.xml Edgar Link completed
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apa-20231231_def.xml Edgar Link unprocessable
apa-20231231_cal.xml Edgar Link unprocessable