WTI Earnings Prediction
The chart below shows how WTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WTI sees a -0.87% change in stock price 10 days leading up to the earnings, and a -0.82% change 10 days following the report. On the earnings day itself, the stock moves by +0.35%. This data can give you a slight idea of what to expect for the next quarter's release.
WTI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
121.37M
-14.77%
-14.98%
Gross Margin
12.16%
-65.62%
-45.91%
Operating Margin
-9.16%
-155.05%
-702.63%
Net Margin
-30.42%
-2114.57%
182.19%
EPS
-0.25
-2600.00%
150.00%
No Data Available
WTI Earnings Analysis
W&T Offshore, Inc. Corporation (WTI.N) Earnings Conference Call
Positive
Consistent Free Cash Flow: 1. Strong Free Cash Flow: W&T Offshore generated $54.9 million in free cash flow year-to-date through September 30, 2024, marking seven consecutive years of positive free cash flow generation.
Strong Operational Efficiency: 2. Robust Adjusted EBITDA: The company reported a year-to-date adjusted EBITDA of $122 million, reflecting strong operational efficiency and financial performance.
Production Resilience: 3. Production Recovery: Despite challenges from hurricanes, production in October rebounded to approximately 34,000 barrels of oil equivalent per day, demonstrating effective management and recovery efforts.
Effective Cost Control: 4. Cost Management Success: Lease operating expenses for Q3 2024 were $72.4 million, which was 6% below the bottom end of guidance and a 2% decrease from the previous quarter, showcasing effective cost control measures.
Cash and Debt Improvement: 5. Improved Cash Position: W&T Offshore ended Q3 2024 with $126.5 million in cash and reduced net debt to $266 million, indicating a strengthened balance sheet and financial stability.
Negative
Hurricane Production Disruption: 1. Production Impacted by Hurricanes: In Q3 2024, production was 31,000 barrels of oil equivalent per day, affected by 3,500 barrels per day shut-in due to hurricanes and other downtime.
Reduced Capital Expenditure Guidance: 2. Lowered CapEx Guidance: The company plans to invest $25 million to $35 million in full year 2024, which is down about $10 million at the midpoint from the prior estimate.
Regulatory Challenges Impacting Operations: 3. Ongoing Legal and Regulatory Challenges: Regulatory issues, including restrictions related to the Rice's whale, are causing operational concerns and could significantly affect production.
Acquisition Integration Issues: 4. Integration Challenges from Acquisitions: The integration of the Cox asset acquisition has been complicated, with data management issues due to the previous owner's bankruptcy affecting operational efficiency.
Production Forecast Challenges: 5. Production Uncertainty: The company anticipates a production midpoint of 33,600 barrels of oil equivalent per day for Q4 2024, which is still subject to potential impacts from ongoing storms.
WTI FAQs
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WTI Earning Call Sentiment
W&T Offshore, Inc. (WTI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WTI.N
-0.28%Positive
The earnings call presents a mixed picture. Financial performance is stable with reduced net debt and strong cash flow, but production was impacted by hurricanes. There's optimism in production guidance, but regulatory challenges and unclear management responses in the Q&A create uncertainties. The dividend commitment is a positive, but cost management concerns due to deferred projects and economic factors add risk. The overall sentiment is neutral, with potential for slight positive movement if production guidance materializes and regulatory issues are resolved.
