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W&T Offshore (WTI)
NYSE:WTI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 3.95%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in strategic acquisitions and financial performance, enhancing the company's asset base and liquidity. However, production challenges and pricing revisions posed notable challenges. Overall, the positive developments slightly outweigh the negatives, indicating a cautiously optimistic outlook.Company Guidance
During W&T Offshore's fourth quarter and full year 2024 conference call, significant guidance was provided for fiscal year 2025. The company expects a production midpoint of 34,000 barrels of oil equivalent per day, reflecting a 6% increase from Q4 2024. This growth is largely attributed to the reactivation of fields acquired from Cox, anticipated in the second quarter of 2025. Capital expenditures for 2025 are projected to be between $34 million and $42 million. W&T also announced enhancements to its balance sheet, including the issuance of $350 million in new second lien notes which reduced their interest rate by 100 basis points and the establishment of a $50 million revolving credit facility. The company reported a reserve replacement ratio of 219% for 2024, with total proved reserves increasing by 3% to 127 million barrels of oil equivalent. Their lease operating expenses for the first quarter of 2025 are estimated between $72.5 million and $80.5 million. With a focus on acquisitions and operational efficiency, W&T is poised for continued success, supported by a strong liquidity position of $159 million as of year-end 2024.Strategic Acquisition and Reserves Growth
In January 2024, W&T Offshore invested $77 million to acquire six shallow water Gulf of Mexico fields, adding 21.7 million barrels of oil equivalent to 2024 proved reserves. This acquisition was executed at a cost of about $3.38 per barrel oil equivalent, enhancing the asset base and production capabilities.
Strong Financial Performance
For the full year 2024, W&T Offshore generated $154 million in adjusted EBITDA and $45 million in free cash flow. The company also improved its credit ratings and successfully reduced its debt by $39 million.
Reserve Replacement and PV-10 Value Increase
The company's reserve replacement rate was 219% for 2024, with a reserve life ratio of 10.4 years. The PV-10 value of SEC proved reserves increased by 14% to $1.2 billion, despite lower SEC pricing.
Operational Excellence and Safety
W&T Offshore achieved zero accidents in 2024, highlighting the company's focus on safety and operational excellence.
Strong Liquidity Position
As of early 2025, the company had cash and cash equivalents of about $350 million and net debt of $245 million, reflecting a strong liquidity position.
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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 |
|---|---|---|---|
| Mar 03, 2025 | $1.52 | $1.50 | -1.32% |
| Nov 07, 2024 | $2.43 | $2.12 | -12.76% |
| Aug 06, 2024 | $2.08 | $2.16 | +3.85% |
| May 10, 2024 | $2.28 | $2.34 | +2.63% |
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 May 06, 2025, TBA Not Confirmed.
What is W&T Offshore (WTI) earnings time?
W&T Offshore (WTI) earnings time is at May 06, 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 (Q1) is -0.15.
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