W&T Offshore Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-09

W&T Offshore (NYSE:WTI) Third Quarter 2024 Results Key Financial Results Revenue: US$121.4m (down 15% from 3Q 2023). Net loss: US$36.9m (down from US$2.15m profit in 3Q 2023). US$0.25 loss per share ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 32%.Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US.Performance of the American Oil and Gas industry.The company's shares are up 2.9% from a week ago.Be aware that  W&T Offshore is showing  3 warning signs in our investment analysis and 2 of those don't sit too well with us...","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WTI":"W&T海底钻探"},"translate_title":"W&T Offshore 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WTI":1},"content_text":"W&T Offshore (NYSE:WTI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$121.4m (down 15% from 3Q 2023).\nNet loss: US$36.9m (down from US$2.15m profit in 3Q 2023).\nUS$0.25 loss per share (down from US$0.015 profit in 3Q 2023).\n\n\n\n\n  NYSE:WTI Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nW&T Offshore EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. \n Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. \nPerformance of the American Oil and Gas industry.\n The company's shares are up 2.9% from a week ago. \nRisk Analysis\n Be aware that  W&T Offshore is showing  3 warning signs in our investment analysis and 2 of those don't sit too well with us... \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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