Shale producer APA misses fourth-quarter profit estimates

Reuters
02-27
Shale producer APA misses fourth-quarter profit estimates

Feb 26 (Reuters) - U.S. shale producer APA Corp APA.O fell short of Wall Street expectations for fourth-quarter profit on Wednesday as weak commodity prices offset a rise in production.

The Houston-based company posted an adjusted profit of 79 cents per share for the three months ended December 31, compared with the average analyst estimate of 97 cents, according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Shounak Dasgupta and Alan Barona)

((Srivastava.Vallari@thomsonreuters.com))

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