W&T Offshore Announces Second Quarter 2018 Operational and Financial Results and Third Quarter 2018 Guidance
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W&T Offshore (WTI) Tops Q2 EPS by 10c, Revenues Beat
August 1, 2018 5:01 PM EDTW&T Offshore (NYSE: WTI) reported Q2 EPS of $0.29, $0.10 better than the analyst estimate of $0.19. Revenue for the quarter came in at $149.61 million versus the consensus estimate of $147.03 million.
Tracy W. Krohn, W&T Offshore's Chairman and Chief Executive Officer, stated, "We had an excellent second quarter, with a high level of cash flow generation and continued drilling success. During the quarter our production volumes, which came in at the mid-range of our guidance, benefited from a 39.5% increase in our realized sales price, while our lease operating costs were... More
