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Stock impact report

W&T Offshore (WTI) Q1 Earnings Lag Estimates on Lower Prices [Yahoo! Finance]

W&T Offshore, Inc. (WTI) 
Last w&t offshore, inc. earnings: 3/4 04:45 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The bottom line also deteriorated from the year-ago quarter's reported loss of 2 cents. Total quarterly revenues of $140.8 million beat the Zacks Consensus Estimate of $139 million. The top line also increased from the $131.7 million reported in the prior-year quarter. Weak quarterly earnings were due to reduced average realized prices for oil-equivalent production. W&T Offshore, Inc. Price, Consensus and EPS Surprise W&T Offshore, Inc. price-consensus-eps-surprise-chart | W&T Offshore, Inc. Quote Production Statistics Total production for the quarter averaged 35.1 thousand barrels of oil equivalent per day (MBoe/d), up from 32.5 MBoe/d in the corresponding period of 2023. The reported metric is in line with our estimate. The production increase in the first quarter of 2024 was largely attributed to the integration of the Cox acquisition completed in January 2024. This boost was somewhat mitigated by natural declines in production. Oil production totaled 1,400 thousand b Show less Read more
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