W&T Offshore Q3 revenue misses estimates

W&T Offshore

05/11/2025 22:00

Overview

W&T Offshore Q3 revenue missed analyst expectations, net loss impacted by valuation allowance

Company increased production by 6% quarter-over-quarter, driven by Cox fields

Adjusted EBITDA grew 11% quarter-over-quarter to $39 mln

Outlook

Company expects Q4 2025 production between 34.2 MBoe/d and 37.9 MBoe/d

W&T Offshore revises full-year capital expenditures to $57 mln - $63 mln

Company lowers full-year 2025 gathering, transportation & production taxes guidance

Result Drivers

PRODUCTION INCREASE - Co reports 6% production growth driven by Cox fields coming online

COST MANAGEMENT - Co reduced lease operating expenses per Boe by 8% compared to Q2 2025

ACQUISITIONS - Strategic acquisitions and asset integration contributed to production growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$127.52 mln
$138.30 mln (2 Analysts)
Q3 Net Loss
-$71.47 mln
Q3 Operating loss
-$12.61 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 $2.25, about 13.3% above its November 5 closing price of $1.95

Press Release: ID:nGNX2PRMqT

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)