MARKET COMPOSITE
WTI - W & T Offshore Inc8:00:02 PM 4/24/2024
Price
$2.37
-0.03 (-1.25%)
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 51 offshore fields in federal and state waters. The company also owns interests in approximately 146 offshore structures. It has interests in offshore leases covering approximately 550,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2019, its total proved reserves were 157.4 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue132.3MM-7%
Operating Income1.8MM-90%
Operating Expenses130.5MM-
Net Income-443K-121%
G&A18.3MM-9%
Interest Expense9.7MM-2%
Stock Chart

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Stock news

    Key Insights Using the 2 Stage Free Cash Flow to Equity, W&T Offshore fair value estimate is US$3.76 W&T Offshore's...

    HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors (the "Board") voted to expand the size of the Board to six members and appointed Mr. John D. Buchanan to fill the vacancy on the Board effective April 8, 2024. Mr. Buchanan will stand for election in the upcoming annual meeting of shareholders. Mr. Buchanan has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney. T

    W&T (WTI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

    HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in a virtual investor event hosted by Water Tower Research (“WTR”) on Wednesday, March 27, 2024 at 10:00 AM Central. As part of WTR’s ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Tracy Krohn, W&T’s Founder, Chairman and Chief Executive Officer. Included in the discussion will be a variety of import

    HOUSTON, March 18, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced modifications to the first-lien non-recourse term loan (the “Term Loan”) between its wholly-owned special purpose vehicles (the “SPVs”) and Munich Re Reserve Risk Financing, Inc. ("MRRF"), which is expected to provide additional liquidity to the Company over 2024 without increasing the Company’s net leverage. The Term Loan was initially arranged on May 19, 2021 (“Closing Date”) and

    HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Dana Point, California from March 17-19, 2024. Tracy W. Krohn, Chairman and Chief Executive Officer and Sameer Parasnis, Executive Vice President and Chief Financial Officer will participate in the Conference and host one-on-one meetings with investors during the event. An updated investor

    After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see W&T Offshore...

    W&T Offshore ( NYSE:WTI ) Full Year 2023 Results Key Financial Results Revenue: US$532.7m (down 42% from FY 2022). Net...