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W&t Offshore (WTI)
:WTI
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -24.49%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of the company's performance. While there were notable achievements in free cash flow generation, cost management, and safety records, challenges remain in production due to hurricanes, regulatory issues, and acquisition integration. The sentiment is cautiously optimistic as the company navigates these challenges with a focus on long-term growth.Company Guidance
In the third quarter of 2024, W&T Offshore reported a production rate of 31,000 barrels of oil equivalent per day, despite a challenging hurricane season that resulted in a temporary shut-in of approximately 3,500 barrels per day. The company generated $54.9 million in free cash flow year-to-date, with adjusted EBITDA reaching $122 million. Lease operating expenses for the quarter were $72.4 million, which was 6% below the guidance range, contributing to a cash balance of $126.5 million and a reduced net debt of $266 million. Looking ahead, W&T Offshore's fourth quarter production guidance has a midpoint of 33,600 barrels per day, with anticipated capital expenditures for the year between $25 million and $35 million, excluding acquisitions. The company remains focused on operational efficiency, maintaining a strong balance sheet, and continuing its quarterly dividend program.Positive Free Cash Flow
Through September 30, 2024, the company generated $54.9 million in free cash flow year-to-date, marking seven consecutive years of positive free cash flow.
Improved Balance Sheet
Adjusted EBITDA year-to-date totaled $122 million, with cash on hand rising to $126.5 million and net debt lowered to $266 million.
Cost Management Success
Lease operating expenses were $72.4 million for Q3 2024, 6% below the bottom end of the guidance range and 2% down from Q2 2024.
Strong Safety Record
No recordable safety incidents in the entire year 2024, achieving an overall TRIR rate of 0.09, one of the lowest in company history.
ESG and Governance Recognition
Named as a finalist for the Best Proxy Statement in the small cap category at the 18th Annual Corporate Governance Awards.
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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
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WTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.45 | $2.14 | -12.65% |
| Aug 06, 2024 | $2.09 | $2.18 | +4.31% |
| May 10, 2024 | $2.30 | $2.36 | +2.61% |
| Mar 05, 2024 | $2.80 | $2.57 | -8.21% |
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.
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FAQ
When does W&t Offshore (WTI) report earnings?
W&t Offshore (WTI) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is W&t Offshore (WTI) earnings time?
W&t Offshore (WTI) earnings time is at Mar 11, 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 2024 (Q4) is -0.24.
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