W&T Offshore (NYSE: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.
