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W&T Offshore (WTI)
NYSE:WTI
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 20.87%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for W&T Offshore, with strong production and financial results, strategic balance sheet improvements, and beneficial regulatory changes. However, weather-related challenges and operational costs for acquired assets pose ongoing issues.Company Guidance
In the first quarter of 2025, W&T Offshore delivered strong operational and financial results, meeting or exceeding guidance in several metrics. The company achieved production of 30,500 barrels of oil equivalent per day, near the top-end of their guidance range, despite January's freezing weather causing temporary unplanned downtime. Lease operating expenses came in below the low-end of guidance at $71 million, while adjusted EBITDA increased by 2% from the previous quarter to $32.2 million. Furthermore, W&T generated $10.5 million in free cash flow and continued to return value to shareholders through their quarterly dividend. The company's balance sheet was strengthened by several transactions, including the issuance of $350 million in new second lien notes, which reduced total debt by $39 million and improved liquidity. Additionally, the sale of a non-core interest in Garden Bank's Blocks 385 and 386 for $12 million contributed to their financial flexibility. Looking ahead, W&T expects second-quarter production to increase by 13% to approximately 34,500 barrels of oil equivalent per day, and they plan to maintain a focus on low-risk acquisitions that generate free cash flow and offer potential for cost reduction.Production and Financial Performance
Production reached 30,500 barrels of oil equivalent per day, near the top-end of guidance, despite weather challenges. Lease operating expenses were below guidance at $71 million. Adjusted EBITDA increased by 2% to $32.2 million compared to Q4 2024, with $10.5 million in free cash flow generated.
Balance Sheet Improvements
Successfully issued $350 million in new second lien notes, reducing interest rates by 100 basis points. Total debt decreased by $39 million, enhancing liquidity and credit ratings. New $50 million revolving credit facility established, maturing in July 2028.
Regulatory Developments
Positive regulatory changes announced by the Department of Interior, reducing financial assurance requirements, expected to decrease costs and credit facility overhangs.
Asset Optimization and Production Uplift
Successful sale of non-core interest in Garden Bank's Blocks, generating $12 million. Additional production expected from West Delta 73 and Main Pass 108 fields, contributing to a projected 13% increase in Q2 2025 production.
Natural Gas Price Strategy
Implemented costless collars to lock in favorable natural gas prices for the remainder of 2025, enhancing revenue stability.
WTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $1.15 | $1.24 | +7.83% |
Mar 03, 2025 | $1.51 | $1.49 | -1.32% |
Nov 07, 2024 | $2.42 | $2.11 | -12.81% |
Aug 06, 2024 | $2.06 | $2.15 | +4.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does W&T Offshore (WTI) report earnings?
W&T Offshore (WTI) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is W&T Offshore (WTI) earnings time?
W&T Offshore (WTI) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTI EPS forecast?
WTI EPS forecast for the fiscal quarter 2025 (Q2) is -0.08.