W&T Offshore Q1 Adj $(0.05) Beats $(0.06) Estimate, Sales $140.79M Beat $139.56M Estimate

5/10/24 5:04:47 PM ET

Oil & Gas Production

Energy

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W&T Offshore (NYSE:WTI) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.06) by 16.67 percent. This is a 150 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $140.79 million which beat the analyst consensus estimate of $139.56 million by 0.88 percent. This is a 6.88 percent increase over sales of $131.72 million the same period last year.

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Recent Analyst Ratings for
$WTI

Date	Price Target	Rating	Analyst
10/25/2022	$9.10	Buy	Stifel
10/20/2021	$5.09 → $6.90	Hold → Buy	Stifel
7/26/2021	$4.50 → $5.50	Buy	Roth Capital

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$WTI
Leadership Updates

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W&T Offshore Announces Appointment of General Counsel
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary, effective September 1, 2024. Mr. Hittner brings a unique and extensive combination of legal, corporate and legislative experience in both the public and private sectors. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are excited to have George join our executive team at W&T. His twenty-plus years serving as an attorney in law firms, as general counsel, and in government will help continue to propel W&T's strategic goals." Before founding his ow
9/3/24 6:45:00 AM ET
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W&T Offshore Announces Addition to Management Team with Vice President of HSE&R
HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company" or "W&T") today announced the appointment of John Poole to the position of Vice President Health, Safety, Environmental and Regulatory ("HSE&R"). Mr. Poole will assist in W&T continuously building upon its stellar safety and environmental record by applying decades of HSE&R experience in the Gulf of Mexico. He will report to William Williford, W&T's Executive Vice President and Chief Operating Officer. Tracy W. Krohn, Chairman and CEO, commented, "We are very pleased to be adding John as our Vice President of HSE&R, where he will become an important member of our senior leadership team. W&T has a foun
10/10/23 6:45:00 AM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Appoints Sameer Parasnis as Executive Vice President and Chief Financial Officer
HOUSTON, June 22, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Financial Officer, effective July 3, 2023. Mr. Parasnis will report to Tracy Krohn, W&T's Chairman and CEO. Mr. Parasnis has 25 years of financial and operational experience, of which 20 have been in banking. He has advised companies in the Oil & Gas and Energy Transition industry on equity capital markets, debt capital markets and strategic M&A. Prior to joining W&T, Mr. Parasnis served as Managing Director of Stifel Financial Corporation's Energy & Energy Transition team in Houston. He
6/22/23 6:45:00 AM ET
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W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company" or "us") today reported operational and financial results for the third quarter of 2024 and declared a fourth quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net (Loss) Income, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP financial measures below in the accompanying tables under "Non-GAAP Information." Key highlights for the third quarter of 2024 and through the date of this press release include: Produced 31.0 thousand barrels of oil equivalent per day ("
11/7/24 4:45:06 PM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company said it will issue its third quarter 2024 earnings release on Thursday, November 7, 2024, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Friday morning, November 8, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will als
10/30/24 6:45:00 AM ET
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Oil & Gas Production
Energy
W&T Offshore Issues 2023 Corporate Sustainabilty Report
HOUSTON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company" or "W&T") today announced that the Company has issued its 2023 Corporate Environmental, Social, and Governance ("ESG") report, which is now available on W&T's website, www.wtoffshore.com, under the "Corporate Responsibility" tab. Tracy W. Krohn, Chairman and CEO, commented, "We continue to demonstrate our commitment to a high quality, comprehensive ESG effort by issuing our 2023 ESG report. This is our fourth sustainability report and we continue to make strides regarding shareholder rights, board structure and oversight, human rights, labor, health and safety and environmental initiatives. We are c
9/19/24 6:45:00 AM ET
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W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company" or "us") today reported operational and financial results for the third quarter of 2024 and declared a fourth quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net (Loss) Income, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP financial measures below in the accompanying tables under "Non-GAAP Information." Key highlights for the third quarter of 2024 and through the date of this press release include: Produced 31.0 thousand barrels of oil equivalent per day ("
11/7/24 4:45:06 PM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company said it will issue its third quarter 2024 earnings release on Thursday, November 7, 2024, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Friday morning, November 8, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will als
10/30/24 6:45:00 AM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Announces Second Quarter 2024 Results and Declares Dividend for Third Quarter of 2024
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today reported operational and financial results for the second quarter of 2024 and declared a third quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10, which are described and reconciled to the most comparable GAAP financial measures below in the accompanying tables under "Non-GAAP Information." Key highlights for the second quarter of 2024 and through the date of this press release include: Produced 34.9 thousand barrels of oil equivalent per day ("MBoe/d"
8/6/24 5:24:45 PM ET
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How Is The Market Feeling About W&T Offshore?
W&T Offshore's (NYSE:WTI) short percent of float has risen 3.05% since its last report. The company recently reported that it has 20.10 million shares sold short, which is 20.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
5/14/24 1:00:21 PM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Says Production In Q2 2024 Will Be Negatively Impacted By Planned Maintenance Which Required Shut-Ins Of Select Fields And Is Reflected In Q2 Guidance
Production, Prices and Revenue: Production for the first quarter of 2024 was 35.1 MBoe/d compared with 34.1 MBoe/d for the fourth quarter of 2023 and 32.5 MBoe/d for the corresponding period in 2023. The increase in production compared to the fourth quarter of 2023 was primarily driven by the inclusion of the Cox acquisition, which closed in January 2024 and was partially offset by natural decline. First quarter 2024 production was comprised of 15.4 thousand barrels per day ("MBbl/d") of oil (44%), 3.8 MBbl/d of natural gas liquids ("NGLs") (11%), and 96.0 million cubic feet per day ("MMcf/d") of natural gas (45%). Production in the second quarter of 2024 will be negatively impacted by pla
5/10/24 5:06:43 PM ET
$WTI
Oil & Gas Production
Energy
W&T Offshore Q1 Adj $(0.05) Beats $(0.06) Estimate, Sales $140.79M Beat $139.56M Estimate
W&T Offshore (NYSE:WTI) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.06) by 16.67 percent. This is a 150 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $140.79 million which beat the analyst consensus estimate of $139.56 million by 0.88 percent. This is a 6.88 percent increase over sales of $131.72 million the same period last year.
5/10/24 5:04:47 PM ET
$WTI
Oil & Gas Production
Energy

W&T Offshore Q1 Adj $(0.05) Beats $(0.06) Estimate, Sales $140.79M Beat $139.56M Estimate

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$WTI Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by W&T Offshore Inc.

SEC Form SC 13G/A filed by W&T Offshore Inc. (Amendment)

SEC Form SC 13G/A filed by W&T Offshore Inc. (Amendment)

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SEC Form 424B5 filed by W&T Offshore Inc.

W&T Offshore Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by W&T Offshore Inc.

EVP, GC & Corporate Secretary Hittner George was granted 132,399 shares, increasing direct ownership by 28,908% to 132,857 units (SEC Form 4)

New insider Hittner George claimed ownership of 458 shares (SEC Form 3)

SEC Form 4 filed by Chairman, CEO & President Krohn Tracy W

$WTI Leadership Updates

Live Leadership Updates

W&T Offshore Announces Appointment of General Counsel

W&T Offshore Announces Addition to Management Team with Vice President of HSE&R

W&T Offshore Appoints Sameer Parasnis as Executive Vice President and Chief Financial Officer

$WTI Press Releases

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W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024

W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

W&T Offshore Issues 2023 Corporate Sustainabilty Report

$WTI Financials

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W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024

W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

W&T Offshore Announces Second Quarter 2024 Results and Declares Dividend for Third Quarter of 2024

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Stifel resumed coverage on W&T Offshore with a new price target

W&T Offshore upgraded by Stifel with a new price target

Roth Capital reiterated coverage on W&T Offshore with a new price target

How Is The Market Feeling About W&T Offshore?

W&T Offshore Says Production In Q2 2024 Will Be Negatively Impacted By Planned Maintenance Which Required Shut-Ins Of Select Fields And Is Reflected In Q2 Guidance