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WTIBearishEarningsnews
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W&T Offshore (WTI) Q1 Earnings Lag Estimates on Lower Prices

May 13, 2024, 12:51 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- W&T Offshore reports a wider first-quarter loss of 5 cents per share. - Total revenues beat estimates at $140.8 million, up from the prior year. - Production increased due to Cox acquisition, while realized commodity prices fluctuated. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • W&T Offshore reports a wider first-quarter loss of 5 cents per share.
  • Total revenues beat estimates at $140.8 million, up from the prior year.
  • Production increased due to Cox acquisition, while realized commodity prices fluctuated.

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