Shale producer APA beats first-quarter profit estimates
06/05/2026 21:19
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. (Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila) ((Srivastava.Vallari@thomsonreuters.com;))
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