W&T Offshore (WTI) Tops Q4 EPS by 7c

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W&T Offshore Announces Fourth Quarter and Full Year 2021 Results Including Year-End 2021 Proved Reserves; Provides Guidance for 2022

March 8, 2022 5:35 PM EST

HOUSTON, March 08, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (W&T or the Company) today reported operational and financial results for the fourth quarter and full year 2021, including the Companys year-end 2021 reserve report. Guidance for 2022 was also provided. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, and Net Debt, which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under Non-GAAP Information.

Key highlights for the fourth quarter and full year 2021 included:

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