W&T: Q4 Earnings Snapshot
By AP News
Published - Mar 05, 2024, 05:18 PM ET
Last Updated - Mar 05, 2024, 05:18 PM EST
HOUSTON (AP) — HOUSTON (AP) — W&T Offshore Inc. (WTI) on Tuesday reported a loss of $443,000 in its fourth quarter.
The Houston-based company said it had a loss of less than 1 cent on a per-share basis. Losses, adjusted for non-recurring gains, were 6 cents per share.
The independent oil and gas company posted revenue of $132.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $141.9 million.
For the year, the company reported profit of $15.6 million, or 11 cents per share. Revenue was reported as $532.7 million.
