Welcome to our dedicated page for W&T Offshore news (Ticker: WTI), a resource for investors and traders seeking the latest updates and insights on W&T Offshore stock.
W&T Offshore, Inc. reports recurring developments tied to its offshore oil, natural gas and NGL business in the Gulf of America. The company operates as an independent producer with working interests in federal and state waters off Louisiana, Texas, Mississippi and Alabama, including conventional shelf, deepwater and Alabama state-water acreage.
Company news commonly covers quarterly and annual operating results, production mix, commodity prices, revenue, lease operating metrics, depreciation, depletion and amortization, asset retirement obligations, proved reserves and guidance. Updates also include dividend declarations, acquisition and development activity, capital-structure matters, shareholder voting items and governance disclosures.
W&T Offshore (NYSE:WTI) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results on Monday, August 4, 2025, after NYSE trading hours. A conference call to discuss the results will be held on Tuesday, August 5, 2025, at 9:00 AM CT (10:00 AM ET).
Investors can join the call by dialing (844) 739-3797 for domestic participants or (412) 317-5713 for international callers. The call will also be available via webcast on the company's website, with an audio replay accessible afterward.
[]W&T Offshore (NYSE: WTI) announced a favorable court ruling where U.S. Magistrate Judge Dena Palermo recommended denying preliminary injunction motions from two surety companies that demanded over $100 million in collateral. The Court found that the sureties failed to demonstrate they would suffer irreparable harm if their cash collateral demands were not granted.
The ruling effectively nullifies all current collateral requests by sureties, and W&T will not be required to post collateral until a determination on the merits of the pending lawsuit with the remaining surety providers. This decision, combined with a previously-announced settlement agreement, represents significant positive outcomes for W&T in their fight against what they describe as "unlawful predatory business practices" in the Gulf of America operations.
W&T Offshore (NYSE: WTI) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 2025 financial results on Tuesday, May 6, 2025, after NYSE trading hours. A conference call to discuss the results will be held on Wednesday, May 7, 2025, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
Interested participants can join the call by dialing (844) 739-3797 for domestic callers or (412) 317-5713 for international callers. The call will also be webcast on the company's website, with an audio replay available afterward.
W&T Offshore (NYSE: WTI) has announced its participation in a Water Tower Research (WTR) fireside chat scheduled for April 7, 2025, at 10:00 AM Central Time. The event will feature a discussion between WTR's Managing Director Jeff Robertson and W&T's Chairman and CEO Tracy Krohn.
The conversation will focus on several key aspects of W&T's operations in the Gulf of America, including:
- Strategy for value creation
- Criteria for attractive asset acquisitions
- Value enhancement through exploitation and cost management
- 2025 production outlook
- Balance sheet management for growth
Interested parties can access the event through advance registration via the provided Zoom link. Both the live discussion and a replay will be available on W&T's website in the Investors section.
W&T Offshore (NYSE: WTI) has announced the promotion of Huan Gamblin to Executive Vice President and Chief Technical Officer. Gamblin, who joined the company in 2020, brings over 20 years of energy industry experience to the role.
Prior to this promotion, Gamblin served as Manager of Acquisition and Divesture and later as Vice President of Business Development at W&T. His previous experience includes positions as Algeria Reservoir Engineering Manager at Occidental Petroleum and various engineering roles at Anadarko Petroleum, working with U.S. onshore, Gulf of America, and international assets.
According to Chairman and CEO Tracy W. Krohn, Gamblin has been instrumental in W&T's acquisitions strategy and will be an integral part of the executive leadership team. Gamblin holds a bachelor's degree in Petroleum Engineering from the University of Texas.
W&T Offshore (NYSE: WTI) reported its Q4 and full-year 2024 results, achieving production of 33.3 MBoe/d (43% oil) for the full year and 32.1 MBoe/d in Q4. The company increased year-end 2024 proved reserves to 127.0 MMBoe, with oil reserves up 39%.
Key financial metrics include a net loss of $87.1 million for 2024 ($0.59 per share) and $23.4 million for Q4 ($0.16 per share). The company generated Adjusted EBITDA of $153.6 million and Free Cash Flow of $44.9 million in 2024.
Notable developments include:
- Acquisition of six shallow water GOA fields for $77.3 million
- Sale of Garden Banks assets for $11.9 million
- Receipt of $58.5 million insurance settlement
- Refinancing of debt with new $350 million 10.75% Senior Notes
- Reduction of gross debt by $39.0 million
The company maintained its quarterly dividend of $0.01 per share, payable March 24, 2025.
W&T Offshore (NYSE: WTI) has announced the schedule for its fourth quarter and full year 2024 earnings release and conference call. The company will release its financial results on Monday, March 3, 2025, after NYSE trading hours. A conference call to discuss the results will be held on Tuesday, March 4, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
Interested participants can join the call by dialing (844) 739-3797, while international callers should use (412) 317-5713. The call will also be webcast on the company's website, with an audio replay available afterward.