W&T Offshore (WTI) Q2 Earnings Lag Estimates on Lower Production
W&T Offshore(WTI) ZACKS·2024-08-07 23:30
W&T Offshore, Inc. (WTI) reported a second-quarter 2024 loss of 5 cents per share (excluding one item), wider than the Zacks Consensus Estimate of a loss of 3 cents. However, the bottom line improved from the year-ago quarter's reported loss of 8 cents. Total quarterly revenues of $142.8 million missed the Zacks Consensus Estimate of $152 million. However, the top line increased from $126 million reported in the prior-year quarter. The weaker-than-expected quarterly earnings were due to low oil-equivalent p ...