May 6 (Reuters) - Oil and gas producer APA 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)