W&T Offshore (NYSE: WTI) reported Q3 EPS of ($0.82), $0.14 better than the analyst estimate of ($0.96). Revenue for the quarter came in at $126.2 million versus the consensus estimate of $121.84 million.

• Production for the third quarter of 2015 averaged 46,757 barrels of oil equivalent ("Boe") per day (4.3 million Boe for the quarter), 54.9% of which was oil and liquids. Oil production increased 12.2% for the third quarter of 2015 compared to the third quarter of 2014, while natural gas production decreased 4.5% as we continue our focus on oil related projects.
• Our average realized sales price for the third quarter of 2015 was $43.85 per barrel for oil, $16.74 per barrel for NGLs and $2.69 per thousand cubic feet ("Mcf") for natural gas. On a combined basis, our average realized sales price for the third quarter was $28.92 per Boe compared to $54.13 per Boe in the third quarter of 2014.
• Revenues for the third quarter of 2015 were $126.2 million, 73.7% of which was from oil and NGLs.
• Lease operating expenses ("LOE") declined 37.2% for the third quarter of 2015 to $45.0 million compared to $71.7 million in the third quarter of 2014. In response to our cost control measures, base LOE declined $10.1 million, or 22.9%, compared to the third quarter of 2014.
• Adjusted EBITDA for the third quarter was $59.2 million and our Adjusted EBITDA margin was 47%. For the first nine months of 2015, Adjusted EBITDA was $187.3 million and our Adjusted EBITDA margin was 46%.

For earnings history and earnings-related data on W&T Offshore (WTI) click here.