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Last $3.22 USD
Change Today +0.23 / 7.69%
Volume 3.1M
WTI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

w&t offshore inc (WTI) Snapshot

Open
$3.05
Previous Close
$2.99
Day High
$3.50
Day Low
$3.00
52 Week High
09/2/14 - $14.85
52 Week Low
08/24/15 - $2.51
Market Cap
244.8M
Average Volume 10 Days
1.3M
EPS TTM
$-3.03
Shares Outstanding
76.0M
EX-Date
03/4/15
P/E TM
--
Dividend
--
Dividend Yield
6.21%
Current Stock Chart for W&T OFFSHORE INC (WTI)

w&t offshore inc (WTI) Related Businessweek News

No Related Businessweek News Found

w&t offshore inc (WTI) Details

W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas. It holds working interests in approximately 63 offshore fields in federal and state waters. As of December 31, 2014, the company had interests in offshore leases covering approximately 1.1 million gross acres spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama; and onshore leasehold interests in approximately 50,000 gross acres in Texas. It also had a total proved reserves of 120.0 million barrels of oil equivalent. The company was founded in 1983 and is based in Houston, Texas.

339 Employees
Last Reported Date: 03/6/15
Founded in 1983

w&t offshore inc (WTI) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $600.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $437.2K
Chief Operations Officer and Senior Vice Pres...
Total Annual Compensation: $400.8K
Chief Technical Officer and Senior Vice Presi...
Total Annual Compensation: $367.7K
Compensation as of Fiscal Year 2014.

w&t offshore inc (WTI) Key Developments

W&T Offshore Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating and Income Tax Guidance for the Third Quarter of 2015; Provides Operating and Income Tax Guidance for the Full Year 2015

W&T Offshore Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue was $149,066,000 against $262,994,000 a year ago. Operating loss was $278,806,000 against operating income was $34,405,000 a year ago. Loss before income tax expense was $304,583,000 against income before income tax expense was $15,110,000 a year ago. Net loss was $260,449,000 or $3.43 basic and diluted earnings per share against net income were $9,837,000 or $0.13 basic and diluted earnings per share a year ago. Net cash provided by operating activities was $29,319,000 against $152,560,000 a year ago. Capital expenditures and acquisitions was $68,229,000 against $170,976,000 a year ago. Net loss excluding special items was $40,865,000 or $0.54 basic and diluted earnings per share against net income excluding special items was $18,351,000 or $0.24 basic and diluted earnings per share a year ago. EBITDA was $75,622,000 against $162,641,000 a year ago. Adjusted EBITDA was $79,673,000 against $175,720,000 a year ago. For the six months, the company reported revenue was $276,973,000 against $517,510,000 a year ago. Operating loss was $616,314,000,000 against operating income was $71,268,000.000 a year ago. Loss before income tax expense was $663,252,000 against income before income tax expense was $32,947,000 a year ago. Net loss was $515,544,000 or $6.79 basic and diluted earnings per share against net income were $21,026,000 or $0.28 basic and diluted earnings per share a year ago. Net cash provided by operating activities was $30,061,000 against $271,050,000 a year ago. Capital expenditures and acquisitions was $150,994,000 against $266,043,000 a year ago. Investment in oil and natural gas properties and equipment was $150,994,000 against $212,680,000 a year ago. Purchases of furniture, fixtures and other were $709,000 against $1,715,000 a year ago. Net loss excluding special items was $113,669,000 or $1.5 basic and diluted earnings per share against net income excluding special items was $34,150,000 or $0.45 basic and diluted earnings per share a year ago. EBITDA was $123,971,000 against $323,174,000 a year ago. Adjusted EBITDA was $128,022,000 against $343,745,000 a year ago. For the quarter, the company reported net sales volumes oil was 1,909 MBbls against 1,856 MBbls a year ago. NGL was 408 MBbls against 514 MBbls a year ago. Natural gas was 11,486 MMcf against 12,150 MMcf a year ago. Total oil and natural gas was 4,231 MBoe against 4,395 MBoe a year ago. Total oil and natural gas was 25,388 MMcfe against 26,371 MMcfe a year ago. Average daily equivalent sales were 46.5 MBoe/d against 48.3 MBoe/d a year ago. Average daily equivalent sales were 279.0 MMcfe/d against 289.8 MMcfe/d a year ago. For the six months, the company reported net sales volumes oil was 3,803 MBbls against 3,588 MBbls a year ago. NGL was 851 MBbls against 1,038 MBbls a year ago. Natural gas was 23,835 MMcf against 24,768 MMcf a year ago. Total oil and natural gas was 8,627 MBoe against 8,754 MBoe a year ago. Total oil and natural gas was 51,760 MMcfe against 52,521 MMcfe a year ago. Average daily equivalent sales were 47.7 MBoe/d against 48.4 MBoe/d a year ago. Average daily equivalent sales were 286.0 MMcfe/d against 290.2 MMcfe/d a year ago. For the full year 2015, the company expects oil and NGLs in a range of 9.3 MMBbls to 10.3 MMBbls; Natural gas in a range of 44.0 Bcf to 48.6 Bcf; Total production in a range of 100.0 Bcfe to 110.2 Bcfe; Total in a range of 16.6 MMBoe to 18.4 MMBoe. Income tax rate of 14.0%. For the third quarter of 2015, the company expects oil and NGLs in a range of 2.1 MMBbls to 2.3 MMBbls; Natural gas in a range of 10.5 Bcf to 11.7 Bcf; Total production in a range of 23.1 Bcfe to 25.5 Bcfe; Total in a range of 3.9 MMBoe to 4.3 MMBoe; Income tax rate of 5.0%.

W&T Offshore Inc. to Report Q2, 2015 Results on Aug 05, 2015

W&T Offshore Inc. announced that they will report Q2, 2015 results After-Market on Aug 05, 2015

W&T Offshore Inc., Q2 2015 Earnings Call, Aug 06, 2015

W&T Offshore Inc., Q2 2015 Earnings Call, Aug 06, 2015

 

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WTI Competitors

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Company Last Change
EXCO Resources Inc $0.77 USD +0.04
Gulfmark Offshore Inc $8.28 USD +0.78
Halcon Resources Corp $1.05 USD -0.01
Hornbeck Offshore Services Inc $18.94 USD +0.65
Stone Energy Corp $5.10 USD +0.55
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