Oil producer APA's quarterly profit beats estimates on higher output
ReutersMay 7, 2025 8:10 PM
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.
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