Recap: W&T Offshore Q1 Earnings

W&T Offshore WTI reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:46 PM.

Here's what investors need to know about the announcement.

Earnings

W&T Offshore missed estimated earnings by 113.33%, reporting an EPS of $-0.02 versus an estimate of $0.15.

Revenue was down $59.28 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 1.93% increase in the share price the next day.

Here's a look at W&T Offshore's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.06 0.45 0.50 0.20
EPS Actual 0.10 0.33 1.32 0.21
Revenue Estimate 182.38M 204.40M 228.20M 158.54M
Revenue Actual 189.70M 266.49M 273.81M 191.00M

To track all earnings releases for W&T Offshore visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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