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Stock impact report

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

W&T Offshore, Inc. (WTI) 
Last w&t offshore, inc. earnings: 3/4 04:45 pm Check Earnings Report
Company Research Source: GlobeNewswire
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 (“MBoe/d”) (52% liquids) within the Company’s third quarter guidance despite impacts from hurricanes and downtime;Incurred lease operating expenses (“LOE”) of $72.4 million, 6% lower than the bottom end of the Company’s third quarter guidance range;Generated net cash from operating activities of $14 Show less Read more
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