Aug 6 (Reuters) - APA Corp (APA.O) , opens new tab beat Wall Street profit estimates on Wednesday, as higher natural gas output helped the U.S. producer cushion the hit from a decline in crude prices.

Brent crude averaged about 20% lower in the second quarter compared to a year earlier, weighed down by U.S. import tariffs, concerns over global economic growth, rising OPEC+ supply and persistent geopolitical tensions.

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Prices briefly rose above $80 a barrel in June after Israel struck Iranian nuclear sites, but later retreated to around $67 by quarter-end.

The company's total oil output declined in the quarter to 235,244 barrels of oil per day (bopd) from last year's 253,649 bopd, offset by a 7% rise in natural gas output.

The Houston, Texas-based company posted adjusted profit of 87 cents per share for the three months ended June 30, compared with the average analysts' estimate of 48 cents per share, according to data compiled by LSEG.

https://www.reuters.com/business/energy/oil-producer-apas-quarterly-profit-beats-estimates-natgas-higher-output-2025-08-06/