Brief: W&T Offshore Q2 Revenue USD 122.367 Million

W&T Offshore

04/08/2025 21:36

Overview

W&T Offshore Q2 revenue misses analyst expectations, totaling $122.4 mln

Company reports net loss of $20.9 mln, improving from Q1 2025

Production increased 10% quarter-over-quarter, driven by successful workovers

Outlook

Company expects Q3 oil production between 1,320 and 1,460 MBbl

Company sees full-year oil production at 5,150 to 5,690 MBbl

W&T Offshore projects Q3 natural gas production at 9,080 to 10,040 MMcf

Company anticipates full-year lease operating expenses of $280 mln to $310 mln

Result Drivers

PRODUCTION INCREASE - Production rose 10% over Q1 2025 to 33.5 MBoe/d, driven by successful workovers

WORKOVER SUCCESS - Nine workovers, including five in Mobile Bay, boosted production without new drilling

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$122.37 mln
$128.60 mln (3 Analysts)
Q2 Net Income
-$20.88 mln
Q2 Operating income
-$12.85 mln
Q2 Pretax Profit
-$23.27 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for W&T Offshore Inc is $6.13, about 72.2% above its August 1 closing price of $1.70

Press Release: ID:nGNX9XDc4Q

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)