APA reports fall in fourth-quarter profit

Reuters
Feb 26
APA reports fall in fourth-quarter profit

Feb 25 (Reuters) - Oil and gas company APA APA.O reported a fall in fourth-quarter profit on Wednesday, hurt by lower oil prices and a fall in production.

The company reported a net income of $279 million, or 79 cents per share, for the quarter ended December 31, compared with $354 million, or 96 cents per share, a year earlier.

(Reporting by Sumit Saha in Bengaluru; Editing by Maju Samuel)

((Sumit.Saha@thomsonreuters.com;))

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