Shale producer APA beats first-quarter profit estimates

APA Corporation

APA Corporation

APA

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May 6 (Reuters) - Oil and gas producer APA APA.O beat Wall Street estimates for first-quarter profit on Wednesday, as stronger oil prices helped offset a decline in output.

The Houston, Texas-based company posted an adjusted profit of $1.38 per share for the three months ended March 31, compared with analysts' average estimate of $1.12, according to data compiled by LSEG.


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