Oil producer APA's quarterly profit beats estimates on higher output

Reuters

2025/05/08

May 7 (Reuters) - APA Corp APA.O beat Wall Street estimates for first-quarter profit on Wednesday, as the oil and gas producer benefited from a rise in output that helped offset falling crude prices.

The Houston, Texas based company said adjusted profit was $1.06 per share for the three months ended March 31, surpassing analysts' average estimate of 83 cents per share, according to data compiled by LSEG.

(Reporting by Arunima Kumar in Bengaluru; Editing by Mohammed Safi Shamsi)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))

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