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 Q2 2023

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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.

W&T Announces Addition to Its Board of Directors

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HOUSTON, April 28, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) today announced the timing of its first quarter 2023 earnings release and conference call.

W&T Offshore Announces Timing of First Quarter 2023 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) Q1 Earnings Expected to Decline

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

Why Is W&T (WTI) Down 8.4% Since Last Earnings Report?

HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Janet Yang, Executive Vice President and Chief Financial Officer, will be leaving the Company on May 11, 2023, following the release of the Company's first quarter earnings and the filing of the Company's 10-Q. Ms. Yang disclosed that, for family reasons, she and her family will be relocating to another city.

W&T Offshore Announces Management Change

HOUSTON, April 04, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that the Company was the apparent high bidder on two blocks in the Gulf of Mexico (“GOM”) Lease Sale 259 held by the Bureau of Ocean Energy Management (“BOEM”) on March 29, 2023.

W&T Offshore Apparent High Bidder on Two Gulf of Mexico Blocks in Lease Sale 259

Following the record 2022, the shares of W&T Offshore are sliding on falling oil and gas prices. The company will postpone the much anticipated spudding of the Holy Grail well.

W&T Offshore: The Current Weakness Creates A Buying Opportunity

W&T Offshore, Inc. (NYSE:WTI ) Q4 2022 Results Conference Call March 8, 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 Capital Derrick Whitfield - Stifel Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the W&T Offshore Fourth Quarter and Full Year 2022 Conference Call. During today's call, all parties will be in a listen-only mode.

W&T Offshore, Inc. (WTI) Q4 2022 Earnings Call Transcript

Higher production and commodity price realizations aid W&T Offshore's (WTI) Q4 earnings.

W&T Offshore (WTI) Beats on Q4 Earnings, Ups 2023 Capex Outlook

W&T (WTI) delivered earnings and revenue surprises of 233.33% and 4.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

W&T Offshore (WTI) Q4 Earnings and Revenues Beat Estimates

HOUSTON, March 07, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2022, including the Company's year-end 2022 reserve report. Guidance for 2023 was also provided. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, Net Debt, Net Leverage Ratio 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 Fourth Quarter and Full Year 2022 Results Including Year-End 2022 Proved Reserves; Provides Guidance for 2023

Earnings Preview: W&T Offshore (WTI) Q4 Earnings Expected to Decline

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the timing of its fourth quarter and full year 2022 earnings release and conference call, as well as its participation in the 35th Annual Roth Conference.

W&T Offshore Announces Timing of Fourth Quarter and Full Year 2022 Earnings Reporting and Participation in the 35th Annual Roth Conference

Are You Missing the Oil Trade?

HOUSTON, Jan. 30, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the closing of its previously announced offering of $275 million in aggregate principal amount of 11.75% Senior Second Lien Notes due 2026 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

W&T Offshore Announces Closing of $275 Million Senior Second Lien Notes Offering

W&T Offshore, Inc. prudently seized upon the booming oil prices of 2022 to clean up their balance sheet. Despite oil prices sliding lower, this has continued since conducting my previous analysis with their net debt plunging.

W&T Offshore: Very Good News Might Only Be Weeks Away (Rating Upgrade)

W&T Offshore has been generating record cash flows in 2022 on the back of strong energy prices and opportunistic one-off hedge monetization. With the redemption of the outstanding US$552.5M of 9.75% 2023 Notes with cash and US$275M of 11.75% Notes in new debt, the company will add more than US$17M to earnings.

W&T Offshore: Misunderstood And Undervalued

HOUSTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the pricing of its previously announced offering of $275 million in aggregate principal amount of 11.750% senior second lien notes due 2026 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The closing of the offering of the Notes is expected to occur on January 27, 2023, subject to customary closing conditions.

News for W&T Offshore Stock (WTI)