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W&T (WTI) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2025-11-06 02:31
Core Insights - W&T Offshore reported revenue of $127.52 million for Q3 2025, a 5.1% year-over-year increase, but fell short of the Zacks Consensus Estimate of $141.18 million by 9.68% [1] - The company posted an EPS of -$0.05, an improvement from -$0.17 a year ago, with a surprise of 58.33% compared to the consensus estimate of -$0.12 [1] Financial Performance Metrics - Average daily equivalent sales were 35,600 Boe/d, exceeding the estimated 35,040.88 Boe/d [4] - Net sales volumes for natural gas were 10,159 MMcf, surpassing the estimate of 9,534.01 MMcf [4] - Net sales volumes for NGLs were 280 MBBL, above the estimate of 226.28 MBBL [4] - Total oil and natural gas net sales volumes were 3,275 MBoe, compared to the estimated 3,223.85 MBoe [4] - Oil net sales volumes were 1,302 MBBL, below the estimate of 1,408.73 MBBL [4] Revenue Breakdown - Oil revenues were $84.13 million, a decrease of 7.4% year-over-year, and below the estimate of $92.96 million [4] - NGL revenues were $4 million, down 29% year-over-year, and below the estimate of $4.68 million [4] - Natural gas revenues were $37.4 million, representing a 61.6% year-over-year increase, and above the estimate of $35.1 million [4] Stock Performance - W&T shares have returned -10.1% over the past month, while the Zacks S&P 500 composite increased by 1% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [3]
W&T Offshore declares $0.01 dividend (NYSE:WTI)
Seeking Alpha· 2025-11-05 23:02
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
W&T Offshore(WTI) - 2025 Q3 - Quarterly Results
2025-11-05 22:01
Production and Revenue - Production for Q3 2025 was 35.6 MBoe/d, a 6% increase from 33.5 MBoe/d in Q2 2025 and a 15% increase from 31.0 MBoe/d in Q3 2024[3][4] - Revenues for Q3 2025 were $127.5 million, a 4% increase from $122.4 million in Q2 2025 and a 5% increase from $121.4 million in Q3 2024[7] - Total revenues for Q3 2025 were $127.5 million, a 5.5% increase from $121.4 million in Q3 2024[34] - Oil revenues reached $84.1 million, up from $90.9 million in Q3 2024, while natural gas revenues increased to $37.4 million from $23.1 million[34] - Average daily equivalent sales increased to 35.6 MBoe/d in Q3 2025 from 31.0 MBoe/d in Q3 2024[36] Financial Performance - Adjusted EBITDA grew by 11% quarter-over-quarter to $39.0 million[3] - Operating loss for Q3 2025 was $12.6 million, compared to a loss of $19.0 million in Q3 2024[34] - Net loss reported was $71.5 million, or $(0.48) per diluted share, significantly impacted by a non-cash valuation allowance of $59.9 million against deferred tax assets[3] - Net loss for Q3 2025 was $71.5 million, significantly higher than the $36.9 million loss in Q3 2024[34] - Net loss for the three months ended September 30, 2025, was $71,474 thousand, compared to a net loss of $20,884 thousand for the previous quarter, representing a significant increase in losses[39] - For the nine months ended September 30, 2025, the net loss was $(122,935,000), compared to $(63,783,000) for the same period in 2024[50] Cash and Debt Management - Unrestricted cash and cash equivalents increased to $124.8 million, with total debt at $350.4 million and Net Debt at $225.6 million, down $58.6 million from year-end 2024[17] - Net Debt to trailing twelve months Adjusted EBITDA ratio was 1.6x as of September 30, 2025[17] - Cash and cash equivalents increased to $126,347 thousand at the end of September 2025, up from $122,275 thousand at the end of June 2025[40] - Total current liabilities decreased from $246,084 thousand in December 2024 to $208,471 thousand in September 2025, a reduction of approximately 15.3%[38] Capital Expenditures - Capital expenditures for Q3 2025 were $22.5 million, driven by work to increase production from fields related to the 2024 Cox acquisition[18] - Full year 2025 capital expenditures guidance is revised to between $57 million and $63 million, excluding potential acquisitions[19] - Investment in oil and natural gas properties and equipment for the three months ended September 30, 2025, was $21,794 thousand, compared to $10,422 thousand in the previous quarter[39] Shareholder Returns - The company declared a fourth quarter 2025 dividend of $0.01 per share, payable on November 26, 2025[20] Operational Challenges - The company anticipates continued challenges due to regulatory and market conditions affecting future operations[30] Other Financial Metrics - Average realized price for oil was $64.62 per barrel in Q3 2025, compared to $75.09 per barrel in Q3 2024[36] - Total operating expenses for Q3 2025 were $140.1 million, slightly down from $140.3 million in Q3 2024[34] - The company reported a derivative gain of $4.1 million in Q3 2025, compared to a loss of $3.2 million in Q3 2024[34] - The allowance for credit losses was $156,000 for the three months ended September 30, 2025, compared to $197,000 in the previous quarter[51] - The Company reported a total of $26,537,000 in net cash provided by operating activities for the three months ended September 30, 2025[51] - Adjusted net loss for the nine months ended September 30, 2025, was $34,591 thousand, compared to $35,626 thousand for the same period in 2024, indicating a slight improvement year-over-year[46] - The Company incurred interest expense of $8,998,000 for the three months ended September 30, 2025, slightly down from $9,005,000 in the previous quarter[50] - The Company reported a depreciation, depletion, amortization, and accretion expense of $36,582 thousand for the three months ended September 30, 2025[39] - The Company’s depreciation, depletion, and amortization expenses were $28,580,000 for the three months ended September 30, 2025, up from $26,446,000 in the prior quarter[50] - The unrealized commodity derivative gain for the three months ended September 30, 2025, was $5,583,000, compared to a loss of $(2,554,000) in the previous quarter[50]
W&T Offshore Announces Third Quarter 2025 Results and Declares Dividend for Fourth Quarter of 2025
Globenewswire· 2025-11-05 21:45
Core Insights - W&T Offshore, Inc. reported a net loss of $71.5 million for Q3 2025, significantly impacted by a non-cash valuation allowance against deferred tax assets [4][13] - The company declared a fourth quarter 2025 dividend of $0.01 per share, continuing its commitment to return value to shareholders [4][18] - Production increased by 6% quarter-over-quarter to 35.6 MBoe/d, driven by the integration of new fields from the Cox acquisition [2][4] Financial Performance - Revenues for Q3 2025 were $127.5 million, a 4% increase from Q2 2025, primarily due to higher production volumes [4][5] - Adjusted EBITDA grew by 11% quarter-over-quarter to $39.0 million [4] - Average realized price per Boe decreased by 2% from Q2 2025 to $38.33 per Boe [3][4] Production and Costs - Production for Q3 2025 consisted of 14.3 MBbl/d of oil, 3.1 MBbl/d of NGLs, and 111.6 MMcf/d of natural gas [2] - Lease operating expenses (LOE) per Boe decreased by 8% to $23.27, despite an absolute cost of $76.2 million [4][6] - Gathering, transportation costs, and production taxes totaled $5.8 million, slightly higher than Q2 2025 [7] Balance Sheet and Liquidity - As of September 30, 2025, the company had $124.8 million in unrestricted cash and total debt of $350.4 million, with net debt decreasing by $58.6 million from the end of 2024 [14][15] - The net debt to trailing twelve months Adjusted EBITDA ratio was 1.6x [15] Capital Expenditures and Guidance - Capital expenditures for Q3 2025 were $22.5 million, with a revised full-year guidance of $57 million to $63 million [16][17] - The company expects to lower gathering, transportation, and production taxes guidance for the full year 2025 to $24.0 – $26.0 million [20] Operational Updates - W&T performed five low-cost workovers and three recompletions in Q3 2025, positively impacting production and revenue [19] - The company plans to continue low-cost operations that enhance production and revenue [19]
Oil Price News: OPEC+ Pause, Russia Sanctions & Tight Atlantic Basin Shape WTI/Brent
FX Empire· 2025-11-03 18:11
Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article mentions that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]
Natural Gas and Oil Forecast: WTI and Brent Rebound Faces $62–$64 Ceiling Test
FX Empire· 2025-10-31 07:13
Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article mentions that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]
Will W&T Offshore (WTI) Report Negative Earnings Next Week? What You Should Know
ZACKS· 2025-10-29 15:01
Core Viewpoint - The market anticipates W&T Offshore (WTI) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending September 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - W&T is expected to report a quarterly loss of $0.12 per share, reflecting a year-over-year change of +29.4%, while revenues are projected to be $141.18 million, up 16.3% from the previous year [3]. - The consensus EPS estimate has been revised 29.17% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive or negative reading indicating potential deviations from the consensus [8][9]. - For W&T, the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, making it challenging to predict an earnings beat [12]. Historical Performance - W&T has beaten consensus EPS estimates three out of the last four quarters, with a notable surprise of +42.86% in the last reported quarter [13][14]. Industry Context - In the broader industry context, Chord Energy Corporation is expected to report earnings of $2.24 per share for the same quarter, indicating a year-over-year decline of -34.1%, with revenues expected to be $993.81 million, down 31.5% [18][19].
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars As U.S. Sanctions Russia's Rosneft And Lukoil
FX Empire· 2025-10-23 18:25
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
W&T Offshore Announces Timing of Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-10-23 10:45
Core Points - W&T Offshore, Inc. will release its third quarter 2025 earnings on November 5, 2025, after NYSE trading closes [1] - A conference call to discuss the financial and operational results will take place on November 6, 2025, at 9:00 a.m. Central Time [1] Company Overview - W&T Offshore, Inc. is an independent oil and natural gas producer operating in the Gulf of America, with growth achieved through acquisitions, exploration, and development [3] - As of June 30, 2025, the company holds working interests in 50 fields, including 43 in federal waters and 7 in state waters [3] - The company has approximately 629,700 gross acres under lease, with 491,900 net acres across the outer continental shelf off Louisiana, Texas, Mississippi, and Alabama [3] - Daily production is primarily derived from wells operated by the company [3]
W&T Offshore (WTI) – Among the Energy Stocks that Jumped This Week
Yahoo Finance· 2025-10-13 04:42
Group 1 - W&T Offshore, Inc. (NYSE:WTI) experienced a share price increase of 11.89% from October 3 to October 10, 2025, making it one of the top-performing energy stocks for the week [1][2] - The company's President and CEO, Tracy Krohn, purchased 286,842 shares valued at $525,289, indicating strong management confidence in the company's future and attracting increased investor interest [2] - Over the past six months, W&T Offshore's share price has surged by nearly 77%, highlighting its significant growth potential [3] Group 2 - The company operates as an independent oil and natural gas producer, focusing on exploration, development, and acquisition activities in the Gulf of America [2] - Despite the positive outlook for W&T Offshore, there are suggestions that certain AI stocks may present greater upside potential with less downside risk [3]