W&T Offshore

W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

W&T Offshore reports robust 2022 performance and eyes growth opportunities

W&T Offshore had a successful year, marked by financial strength, production growth, debt reduction, and strategic acquisitions, positioning the company for continued success.
While challenges in production maintenance and market competition exist, the company's focus on ESG, free cash flow generation, and flexibility for growth present promising opportunities.
By balancing operational strategies, reserve replacement, and ESG initiatives, W&T Offshore aims to navigate challenges and leverage opportunities for sustainable growth and value creation.

W&T Offshore reports strong Q1 earnings, focuses on growth opportunities

W&T Offshore's Q1 2023 performance reflects resilience amidst production challenges, with a strong financial position and focus on ESG initiatives.
Debt reduction efforts and strategic CapEx planning position the company for growth opportunities and operational efficiency in 2023.
Addressing challenges in production optimization, debt management, and strategic planning for drilling and carbon capture present areas for continued focus.
Overall, W&T Offshore's strategic initiatives and financial performance indicate a promising outlook for continued success in 2023.

W&T Offshore excels in Q2 2023, eyes growth amid challenges

W&T Offshore's Q2 2023 performance reflects financial strength, operational excellence, and strategic focus on free cash flow generation. Despite challenges from pricing volatility and inflation, the company remains well-positioned to capitalize on growth opportunities.

W&T Offshore reports robust Q3 performance and eyes growth opportunities

W&T Offshore delivered a strong performance in Q3 2023, showcasing financial resilience and operational excellence amidst industry challenges.
The company's strategic focus on cash flow generation, production maintenance, and acquisitions positions them well for future growth and value creation.
While facing challenges in production optimization and cost management, W&T Offshore remains proactive in addressing industry dynamics and pursuing growth opportunities.

W&T Offshore reports robust 2023 earnings, eyes Gulf of Mexico growth

W&T Offshore delivered solid financial performance in 2023, driven by strong production levels and strategic initiatives to enhance cash flow and reduce debt.
Despite operational challenges and questions from analysts, the company's focus on acquisitions, operational excellence, and financial discipline positions them for sustainable growth.
With a clear focus on maximizing cash flow potential and pursuing accretive acquisitions, W&T Offshore remains well-positioned to capitalize on opportunities in the Gulf of Mexico basin.

W&T Offshore reports strong Q2 results, eyes growth opportunities

W&T Offshore (WTI) showcased robust performance in Q2 2024, emphasizing operational excellence and financial resilience. Despite challenges like production adjustments and acquisition impacts, the company remains focused on optimizing operations and pursuing growth opportunities through strategic ventures. Shareholders can look forward to a promising future based on the company's strong fundamentals and positive outlook.

W&T Offshore (WTI) reports resilient Q3 performance and growth opportunities

W&T Offshore (WTI) navigated challenges in Q3, focusing on cost management and operational optimization to drive financial stability.
Despite production disruptions, the company maintained strong free cash flow, reduced debt, and improved cash position, bolstering investor confidence.
Future opportunities lie in increasing production, optimizing operations, and leveraging governance and ESG commitments for sustainable growth.
Strategic investments and a disciplined approach position W&T Offshore (WTI) for continued performance improvement and value creation.

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WTI's Q3 earnings and revenues decline year over year due to lower oil equivalent production and higher operating expenses.

W&T Offshore Q3 Loss Narrower Than Expected, Revenues Decline Y/Y

W&T Offshore, Inc. (NYSE:WTI ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman & CEO Conference Call Participants John White - ROTH Capital Jeffrey Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore Third Quarter 2024 Conference Call.

W&T Offshore, Inc. (WTI) Q3 2024 Earnings Call Transcript

W&T Offshore (WTI) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to earnings of $0.01 per share a year ago.

W&T Offshore (WTI) Reports Q3 Loss, Misses Revenue Estimates

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.

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

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.

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

W&T (WTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: W&T Offshore (WTI) Q3 Earnings Expected to Decline

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.

W&T Offshore Issues 2023 Corporate Sustainabilty Report

W&T (WTI) reported earnings 30 days ago. What's next for the stock?

Why Is W&T (WTI) Down 9.6% Since Last Earnings Report?

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.

W&T Offshore Announces Appointment of General Counsel

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HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (the “Company”) (NYSE: WTI) today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Tracy Krohn, Chairman and Chief Executive Officer is scheduled to make a presentation on Monday, August 19th, 2024 at 4:00 pm Mountain Time (5:00 pm Central Time). Senior management will also host one-on-one meetings with investors.

W&T Offshore Announces Participation in EnerCom Denver Conference

W&T Offshore, Inc. (NYSE:WTI ) Q2 2024 Earnings Conference Call August 25, 2024 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman and CEO William Williford - Executive VP and Chief Operating Officer Sameer Parasnis - Executive VP and Chief Financial Officer Trey Hartman - Vice President and Chief Accounting Officer Conference Call Participants John White - Roth Capital Jeffrey Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore Second Quarter 2024 Conference Call.

W&T Offshore, Inc. (WTI) Q2 2024 Earnings Call Transcript

Low oil-equivalent production and rising operating expenses hurt W&T Offshore's (WTI) earnings in Q2.

W&T Offshore (WTI) Q2 Earnings Lag Estimates on Lower Production

W&T Offshore (WTI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.08 per share a year ago.

W&T Offshore (WTI) Reports Q2 Loss, Misses Revenue Estimates

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.

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

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Can These 3 Energy Stocks Surpass Q2 Earnings Predictions?

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company”) today announced the timing of its second quarter 2024 earnings release and conference call.

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

Will W&T Offshore (WTI) Report Negative Q2 Earnings? What You Should Know

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W&T briefly fell below $2 on Friday, its lowest level since November 2020. The oil prices and the company's fundamentals are significantly better now compared to the pandemic period. The selloff appears related to institutional capital outflows driven by factor rotation, not W&T's fundamentals.

W&T Offshore: The $1 Handle Is A Good Entry Zone But Capital Outflow Risks Remain

Lower realized prices for oil-equivalent production hurt W&T Offshore's (WTI) earnings in Q1.

W&T Offshore (WTI) Q1 Earnings Lag Estimates on Lower Prices

W&T Offshore (WTI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.02 per share a year ago.

W&T Offshore (WTI) Reports Q1 Loss, Tops Revenue Estimates

HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2024 and declared second 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 measures below in the accompanying tables under “Non-GAAP Information.

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

Analysts Estimate W&T Offshore (WTI) to Report a Decline in Earnings: What to Look Out for

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors (the "Board") voted to expand the size of the Board to six members and appointed Mr. John D. Buchanan to fill the vacancy on the Board effective April 8, 2024. Mr. Buchanan will stand for election in the upcoming annual meeting of shareholders. Mr. Buchanan has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney.

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