W&T Offshore

W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.

Earnings data Q1 2021

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W&T Offshore reports robust 2022 performance and eyes growth opportunities

W&T Offshore had a successful year, marked by financial strength, production growth, debt reduction, and strategic acquisitions, positioning the company for continued success.
While challenges in production maintenance and market competition exist, the company's focus on ESG, free cash flow generation, and flexibility for growth present promising opportunities.
By balancing operational strategies, reserve replacement, and ESG initiatives, W&T Offshore aims to navigate challenges and leverage opportunities for sustainable growth and value creation.

W&T Offshore reports strong Q1 earnings, focuses on growth opportunities

W&T Offshore's Q1 2023 performance reflects resilience amidst production challenges, with a strong financial position and focus on ESG initiatives.
Debt reduction efforts and strategic CapEx planning position the company for growth opportunities and operational efficiency in 2023.
Addressing challenges in production optimization, debt management, and strategic planning for drilling and carbon capture present areas for continued focus.
Overall, W&T Offshore's strategic initiatives and financial performance indicate a promising outlook for continued success in 2023.

W&T Offshore excels in Q2 2023, eyes growth amid challenges

W&T Offshore's Q2 2023 performance reflects financial strength, operational excellence, and strategic focus on free cash flow generation. Despite challenges from pricing volatility and inflation, the company remains well-positioned to capitalize on growth opportunities.

W&T Offshore reports robust Q3 performance and eyes growth opportunities

W&T Offshore delivered a strong performance in Q3 2023, showcasing financial resilience and operational excellence amidst industry challenges.
The company's strategic focus on cash flow generation, production maintenance, and acquisitions positions them well for future growth and value creation.
While facing challenges in production optimization and cost management, W&T Offshore remains proactive in addressing industry dynamics and pursuing growth opportunities.

W&T Offshore reports robust 2023 earnings, eyes Gulf of Mexico growth

W&T Offshore delivered solid financial performance in 2023, driven by strong production levels and strategic initiatives to enhance cash flow and reduce debt.
Despite operational challenges and questions from analysts, the company's focus on acquisitions, operational excellence, and financial discipline positions them for sustainable growth.
With a clear focus on maximizing cash flow potential and pursuing accretive acquisitions, W&T Offshore remains well-positioned to capitalize on opportunities in the Gulf of Mexico basin.

W&T Offshore reports strong Q2 results, eyes growth opportunities

W&T Offshore (WTI) showcased robust performance in Q2 2024, emphasizing operational excellence and financial resilience. Despite challenges like production adjustments and acquisition impacts, the company remains focused on optimizing operations and pursuing growth opportunities through strategic ventures. Shareholders can look forward to a promising future based on the company's strong fundamentals and positive outlook.

W&T Offshore (WTI) reports resilient Q3 performance and growth opportunities

W&T Offshore (WTI) navigated challenges in Q3, focusing on cost management and operational optimization to drive financial stability.
Despite production disruptions, the company maintained strong free cash flow, reduced debt, and improved cash position, bolstering investor confidence.
Future opportunities lie in increasing production, optimizing operations, and leveraging governance and ESG commitments for sustainable growth.
Strategic investments and a disciplined approach position W&T Offshore (WTI) for continued performance improvement and value creation.

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W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q3 2019 Results - Earnings Call Transcript

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HOUSTON, Sept.  03, 2019  (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has closed the previously-announced purchase of ExxonMobil Corporation’s ("ExxonMobil") interests in and operatorship of oil and gas producing  properties in the eastern region of the Gulf of Mexico (“GOM”), offshore Alabama, and related onshore and offshore facilities and pipelines.  After taking into account customary closing adjustments and an effective date of January 1, 2019, cash consideration paid by W&T was $167.6 million which includes a previously-funded $10 million deposit.  The acquisition was funded  by cash on hand and borrowings on its previously-undrawn revolving bank credit facility; W&T will also assume asset retirement obligations associated with these assets.

W&T Offshore Completes Acquisition of Producing Properties in Gulf of Mexico and Named Apparent High Bidder on Two Blocks in the Latest Gulf of Mexico Lease Sale

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 100,000 shares of WTI on 08/23/2019 at an average price of $4.06 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $406,000 of Shares

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 14,925 shares of WTI on 08/16/2019 at an average price of $4.38 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $65,372 of Shares

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 21,500 shares of WTI on 08/08/2019 at an average price of $4.47 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $96,105 of Shares

W&T Offshore (WTI) suffers a decline in the average realized price for oil equivalent production during the second quarter.

W&T Offshore (WTI) Q2 Earnings & Revenues Beat Estimates

W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q2 2019 Results - Earnings Call Transcript

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Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 100,000 shares of WTI on 07/12/2019 at an average price of $4.6 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $460,000 of Shares

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Chairman, CEO & President of W&t Offshore Inc (NYSE:WTI) Tracy W Krohn (insider trades) bought 100,300 shares of WTI on 07/11/2019 at an average price of $4.66 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $467,398 of Shares

W&T produces from Super Major legacy assets in the GoM.

W&T Offshore: Low Decline Asset Base Makes This One A Buy

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Chairman, CEO & President of W&t Offshore Inc (NYSE:WTI) Tracy W Krohn (insider trades) bought 15,000 shares of WTI on 07/10/2019 at an average price of $4.65 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $69,750 of Shares

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W&T Offshore (WTI) expects the acquisition of GoM properties from ExxonMobil to close by Aug 30, 2019.

W&T Offshore to Acquire $200M GoM Assets From ExxonMobil

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The oil discovery and expansion of upstream asset portfolio is highly accretive to W&T Offshore's (WTI) cashflow.

W&T Offshore Discovers Oil in Gulf of Mexico, Wins 14 Blocks

W&T Offshore's (WTI) first-quarter 2019 earnings are affected by lower price realizations and production volume decline.

W&T Offshore (WTI) Q1 Earnings Miss, Stock Declines 12.3%

W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q1 2019 Results - Earnings Call Transcript

The offshore oil and gas producer battled several issues during the first quarter.

Why W&T Offshore Stock Is Plunging Today

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.

News for W&T Offshore Stock (WTI)