W&T Offshore, Inc. (NYSE:WTI) Q4 2024 Earnings Conference Call March 4, 2025 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman & CEO William Williford - Executive Vice President and Chief Operating Officer Sameer Parasnis - Executive Vice President and Chief Financial Officer Trey Hartman - Vice President and Chief Accounting Officer Conference Call Participants John White - ROTH Capital Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, tha ...

Financial Position and Liquidity - The company anticipates future financial position and liquidity to be influenced by market risks and regulatory changes[5]. - Significant capital needs are required to conduct operations and replace production, with potential limitations on accessing capital markets[22]. - The company’s ability to generate sufficient cash flow from operations is critical for funding capital expenditures and meeting working capital requirements[12]. Market and Operational Risks - The company faces risks from fluctuating oil, NGL, and natural gas prices, which could materially affect estimated volumes and future value of proved reserves[18]. - The geographic concentration of operations in the Gulf of America increases the risk of revenue loss due to environmental factors like hurricanes[18]. - The company is exposed to risks associated with cybersecurity breaches that could affect business operations[18]. - New technologies could render current exploration and drilling methods obsolete, impacting operational efficiency[18]. Regulatory and Environmental Liabilities - The company is subject to numerous environmental, health, and safety regulations that may result in material liabilities and costs[22]. - Future acquisitions may expose the company to significant liabilities, including decommissioning costs[18]. Reserves and Valuation - Proved developed reserves are expected to be recovered through existing wells and equipment, with minor costs compared to new wells[50]. - Proved reserves include quantities of oil, NGLs, and natural gas that are economically producible under existing conditions[51]. - Proved undeveloped reserves (PUDs) are expected to be recovered from future wells on undrilled acreage or existing wells requiring major expenditures[52]. - PV-10 represents the present value of estimated future revenues from proved reserves, discounted at 10% annually[53]. - SEC pricing is based on the unweighted average first-day-of-the-month commodity price for crude oil and natural gas over the preceding twelve months[56]. Acquisition and Divestiture Risks - The company may not realize all anticipated benefits from future acquisitions and divestitures[18].

Core Viewpoint - W&T Offshore reported a quarterly loss of $0.18 per share, aligning with the Zacks Consensus Estimate, and a decline from a loss of $0.06 per share a year ago [1]. Financial Performance - The company posted revenues of $120.35 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.54%, and down from $132.34 million year-over-year [2]. - Over the last four quarters, W&T has surpassed consensus EPS estimates only once [1][2]. Stock Performance - W&T shares have increased approximately 0.6% since the beginning of the year, compared to a 1.2% gain for the S&P 500 [3]. - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $134.96 million, and for the current fiscal year, it is -$0.43 on revenues of $550.73 million [7]. Industry Outlook - The Oil and Gas - Exploration and Production - United States industry is currently in the top 13% of Zacks industries, indicating a favorable outlook [8]. - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact W&T's stock performance [5]. Future Expectations - The estimate revisions trend for W&T is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]. - The upcoming earnings call will be crucial for understanding management's commentary and future earnings expectations [3][4].

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces Fourth Quarter and Full Year 2024 Results Including Year-End 2024 Proved Reserves, Provides Guidance for 2025 and Declares Dividend for First Quarter of 2025 HOUSTON, March 3, 2025 – W&T Offshore, Inc. (NYSE: WTI) ("W&T," the "Company" or "us") today reported operational and financial results for the fourth quarter and full year 2024, including the Company's year-end 2024 reserve report. Detailed guidance for the first quarter of 2025 a ...

HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company” or “us”) today reported operational and financial results for the fourth quarter and full year 2024, including the Company’s year-end 2024 reserve report. Detailed guidance for the first quarter of 2025 and full year 2025 was also provided, and W&T announced its dividend for the first quarter of 2025. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash ...

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Core Viewpoint - W&T Offshore (WTI) is expected to report a quarterly loss of $0.18 per share, reflecting a significant decline of 200% year-over-year, with revenues projected at $128.77 million, down 2.7% from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 30.8% in the last 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3]. Revenue Projections - Analysts forecast 'Revenues- NGLs' at $6.55 million, a decrease of 4.4% year-over-year [4]. - 'Revenues- Natural gas' are expected to reach $34.05 million, showing a year-over-year increase of 15.8% [5]. - 'Revenues- Oil' are projected at $86.31 million, indicating an 8.3% decline compared to the previous year [5]. Sales Volumes - Estimated 'Net sales volumes - Natural Gas' are 9,279.68 MMcf, down from 9,533 MMcf in the same quarter last year [6]. - 'Net sales volumes - NGLs' are expected to be 272.30 MBBL, compared to 329 MBBL a year ago [6]. - Total estimated 'Net sales volumes - Oil and natural gas' are 3,059.95 MBoe, down from 3,302 MBoe year-over-year [7]. Average Realized Prices - The average realized sales price for 'Natural gas ($/Mcf)' is projected at $2.98, down from $3.08 in the same quarter last year [8]. - 'Oil ($/Bbl)' average realized sales price is expected to be $69.92, compared to $77.17 a year ago [8]. - 'NGLs ($/Bbl)' average realized sales price is forecasted at $23.74, up from $20.82 year-over-year [9]. Stock Performance - Over the past month, W&T shares have returned +0.6%, while the Zacks S&P 500 composite has declined by -2.2% [10]. - WTI currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [10].

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...