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.

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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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HOUSTON, Sept. 21, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that it has completed the acquisition of working interests in eight shallow water oil and gas producing assets (the “Assets”) in the central and eastern shelf region of the Gulf of Mexico (“GOM”) from an undisclosed private seller. The acquisition has a closing date of September 20, 2023, and an effective date of June 1, 2023. The Assets were acquired for a gross consideration of $32 million, subject to normal and customary post-effective date purchase price adjustments. W&T used its cash on the balance sheet to pay the net purchase price. Key highlights of the transaction are as follows:

W&T Offshore Announces Accretive Acquisition of Producing Properties in the Gulf of Mexico

HOUSTON, Sept. 14, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) today announced its participation in Pareto Securities' 30th Annual Energy Conference in Oslo, Norway on September 20-21, 2023.

W&T Offshore Announces Participation in Pareto Securities' 30th Annual Energy Conference

HOUSTON, Sept. 05, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced the promotion of Ford A. Peters to Vice President of Land.

W&T Offshore Announces Management Promotion

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

W&T (WTI) Up 4.3% Since Last Earnings Report: Can It Continue?

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HOUSTON, Aug. 16, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that the Company has issued its 2022 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 2022 Corporate Environmental, Social, and Governance Report

HOUSTON, Aug. 10, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) today announced participation in several upcoming energy investor conferences.

W&T Offshore Announces Participation in Upcoming Investor Conferences

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W&T Offshore's (WTI) Q2 earnings suffer because of lower oil equivalent production and rising operating expenses.

W&T Offshore (WTI) Q2 Earnings Lag Estimates, Revenues Fall Y/Y

W&T Offshore, Inc. (NYSE:WTI ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Al Petrie – Investor Relations Coordinator Tracy Krohn – Chairman and Chief Executive Officer Sameer Parasnis – Executive Vice President and Chief Financial Officer Conference Call Participants John White – ROTH Nate Pendleton – Stifel Jeff Robertson – Water Tower Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the W&T Offshore Second Quarter 2023 Conference Call. During today's call, all parties will be in a listen-only mode.

W&T Offshore, Inc. (WTI) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for W&T (WTI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, W&T (WTI) Q2 Earnings: A Look at Key Metrics

W&T Offshore (WTI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $1.32 per share a year ago.

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

HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter of 2023. This press release includes non-GAAP financial measures, including Adjusted Net Income (Loss), Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10, which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.”

W&T Offshore Announces Second Quarter 2023 Results

HOUSTON, July 24, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) today announced the timing of its second quarter 2023 earnings release and conference call.

W&T Offshore Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

W&T is fairly valued at strip pricing/2023 earnings, but the long-term reserve value is less appreciated. The stock has dropped to long-term support levels, but, unlike 2021, debt is currently not an issue. W&T offers upside optionality on both oil and natural gas prices; the Holy Grail drilling prospect remains a potential catalyst.

W&T Offshore Is Near Long-Term Support And Offers An Option On Both Oil And Natural Gas

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.

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

HOUSTON, June 13, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on Thursday, June 15, 2023 at 10:00 AM Central.

W&T Announces Participation in Water Tower Research Fireside Chat on Thursday, June 15, 2023

W&T (WTI) Up 3.1% Since Last Earnings Report: Can It Continue?

HOUSTON, May 25, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that the Company will be participating at the following upcoming investor events:

W&T Announces Participation in Upcoming Investor Events

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Lower oil equivalent production hurts W&T Offshore's (WTI) Q1 earnings.

W&T Offshore (WTI) Stock Declines 2.4% on Q1 Earnings Miss

W&T Offshore, Inc. (NYSE:WTI ) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman and Chief Executive Officer Conference Call Participants John White - Roth MKM Derek Woodfield - Stifel Jeff Robertson - Jeff Robertson Operator Ladies and gentlemen, thank you for standing by, and welcome to the W&T Offshore First Quarter 2023 Conference Call. [Operator Instructions].

W&T Offshore, Inc. (WTI) Q14 20232 Earnings Call Transcript

W&T Offshore (WTI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.16. This compares to earnings of $0.21 per share a year ago.

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

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023. This press release includes non-GAAP financial measures, including Adjusted Net 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 2023 Results

HOUSTON, May 01, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Dr. Nancy Chang was appointed as a new independent director to the Company's Board of Directors. Dr. Chang will serve as a member of the Audit Committee and the Nominating and Corporate Governance Committee and as the chair of the Environmental, Safety and Governance (“ESG”) Committee. She will stand for election at the Company's upcoming annual meeting of shareholders.

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