W&T Offshore Announces First Quarter 2020 Results
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W&T Offshore (WTI) Tops Q1 EPS by 2c, Revenues Miss
June 22, 2020 4:48 PM EDTW&T Offshore (NYSE: WTI) reported Q1 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $124.13 million versus the consensus estimate of $130.05 million.
Key highlights included:
Produced 53,553 barrels of oil equivalent per day (Boe/d), or 4.9 million Boe (48% liquids), in the first quarter of 2020, near the high end of W&Ts guidance range, reflecting a 61% increase from the first quarter of 2019 and slightly higher than the fourth quarter of 2019;Reported net income of $66.0 million or $0.46 per share and Adjusted Net Income of $5.8 million or $0.04... More