W&T Offshore Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

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.

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.

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 had a principal balance of $215 million which has been amortized down to around $114 million as of december 31, 2023. there have been a few alterations to the credit agreement signed by the spvs and mrrf on may 19, 2021 (the “original credit agreement”).

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 presentation will be posted on the company's web site at www.wtoffshore.com in the “investors” section on the “presentations” page prior to the event.

Houston, march 05, 2024 (globe newswire) -- w&t offshore, inc. (nyse: wti) (“w&t” or the “company”) today reported operational and financial results for the fourth quarter and full year 2023, including the company's year-end 2023 reserve report. detailed guidance for the first quarter of 2024 and full year 2024 was also provided, and w&t announced its dividend for the first quarter of 2024. this press release includes non-gaap financial measures, including adjusted net (loss) income, adjusted ebitda, free cash flow, net debt and pv-10 which are described and reconciled to the most comparable gaap measures below in the accompanying tables under “non-gaap information.” key highlights for the fourth quarter and full year 2023 and since year-end 2023 included:

W&T (WTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

W&T (WTI) reported earnings 30 days ago. What's next for the stock?

W&T Offshore's (WTI) Q4 earnings lag estimates, owing to significantly lower realized prices and declining production volumes.

While the top- and bottom-line numbers for W&T (WTI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

W&T (WTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced the timing of its fourth quarter and full year 2023 earnings release and conference call. The Company also said it has posted the recording of a recent interview with its Chairman and Chief Executive Officer on its website.

After hitting new all-time highs in 2023, the S&P 500 is off to a slower start this year. The broad-based index is down 1.5% in the first week of trading.

Oil stocks are in the red today on news that the Organization of the Petroleum Exporting Countries (OPEC+) producers have been forced to delay a meeting on production cuts, with some pointing to potential global crude supply issues. The OPEC+ summit has been moved to Nov. 30, from its previous Nov. 25-26 timeline.

Down 13% in the past month and on pace for four consecutive weeks of decline, the price of crude oil is now in a bear market, further pressuring stocks of energy producers. West Texas Intermediate (WTI) crude oil, the U.S. standard, is down a little more than 20% from a peak of more than $90 a barrel reached in September and officially in a bear market.

W&T Offshore's (WTI) Q3 earnings suffer due to lower oil equivalent production and rising operating expenses.