May 7 (Reuters) - APA Corp ( APA ) 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.