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 Q4 2023

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The offshore oil producer is under some pressure after reporting its fourth-quarter results.

Why W&T Offshore Stock Is Sinking Today

W&T Offshore, Inc.'s (WTI) CEO Tracy Krohn on Q4 2021 Results - Earnings Call Transcript

Increased natural gas production volumes and higher commodity price realizations aid W&T Offshore's (WTI) earnings in Q4.

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

HOUSTON, March 08, 2022 (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 2021, including the Company's year-end 2021 reserve report. Guidance for 2022 was also provided. 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 Fourth Quarter and Full Year 2021 Results Including Year-End 2021 Proved Reserves; Provides Guidance for 2022

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W&T (WTI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

W&T (WTI) Surges 5.1%: Is This an Indication of Further Gains?

HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced the timing of its fourth quarter and full year 2021 earnings release and conference call.

W&T Offshore Announces Timing of Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

HOUSTON, Feb. 02, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that it has closed its previously announced acquisition of oil and gas producing properties in Federal shallow waters in the central region of the Gulf of Mexico at Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields from privately-held ANKOR E&P Holdings Corporation and KOA Energy LP. After normal and customary post-effective date adjustments to reflect an effective date of July 1, 2021, cash consideration of approximately $30.2 million was paid to the sellers using cash on hand. Key highlights of the transaction are as follows:

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

The acquisition is expected to increase W&T Offshore's (WTI) acreage by 57,500 gross acres in the Gulf of Mexico.

W&T Offshore (WTI) to Acquire Gulf of Mexico Assets for $47M

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HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that it has entered into a definitive purchase and sale agreement to acquire working interests in and operatorship of oil and gas producing properties in Federal shallow waters in the central region of the Gulf of Mexico (“GOM”) for total cash consideration of $47 million, subject to normal and customary post-effective date adjustments. The transaction will have an effective date of July 1, 2021, and is anticipated to close by the end of the first quarter of 2022. Key highlights of the transaction are as follows:

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

W&T is a stalwart GoM focused oil and gas producer. Their shares are near a one-year low and present a good entry point for investors who have moderate degree of risk tolerance.

W&T Offshore: Time To Take A Look

W&T Offshore (WTI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why You Shouldn't Bet Against W&T Offshore (WTI) Stock

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

Why Is W&T (WTI) Down 19.9% Since Last Earnings Report?

HOUSTON, Nov. 19, 2021 (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 Lease Sale 257 held by the Bureau of Ocean Energy Management (“BOEM”) on November 17, 2021. W&T will also be participating in two upcoming investor conferences.

W&T Offshore Apparent High Bidder on Two Gulf of Mexico Blocks in Lease Sale 257 and Announces Participation in Upcoming Investor Conferences

For fourth-quarter 2021, W&T Offshore (WTI) expects total production within 34.8-38.5 MBoe/d.

W&T Offshore (WTI) Up 1.7% Since Q3 Earnings Beat Estimates

W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q3 2021 Results - Earnings Call Transcript

W&T (WTI) delivered earnings and revenue surprises of 100.00% and 14.73%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

W&T Offshore (WTI) Reports Break-Even Earnings for Q3

HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the third quarter 2021. The Company also announced it had entered into amendments of its Sixth Amended and Restated Credit Agreement (the “Credit Agreement”) to replace its current bank group with a new lender under a revised revolving credit facility.

W&T Offshore Announces Third Quarter 2021 Results and Changes to Credit Agreement

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.

W&T Offshore (WTI) Reports Next Week: What to Expect

An analyst sees higher prices ahead for this oil company.

Why W&T Offshore Stock Is Soaring Today

W&T Offshore (WTI) has recovered the majority of Hurricane Ida-related affected production throughout September.

W&T Offshore's (WTI) Q3 Production Guidance Cut, LOE to Rise

HOUSTON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today provided an operational update and announced the timing of its third quarter 2021 earnings release and conference call.

W&T Offshore Provides Operational Update and Announces Timing of Third Quarter Earnings Reporting

Investors need to pay close attention to W&T Offshore (WTI) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in W&T Offshore (WTI) Stock?

The correction in energy stocks brought down W&T Offshore more than 30% from its recent top.

News for W&T Offshore Stock (WTI)