Workflow
W&T Offshore(WTI)
icon
Search documents
W&T Offshore(WTI) - 2025 Q2 - Quarterly Results
2025-08-04 20:40
Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces Second Quarter 2025 Results, Declares Dividend for Third Quarter of 2025 and Celebrates 20 Year Anniversary on New York Stock Exchange Tracy W. Krohn, W&T's Chairman of the Board and Chief Executive Officer, commented, "We are delivering strong results including production growth of 10% and Adjusted EBITDA growth of 9% quarter-over-quarter, all while growing our cash position to over $120 million and reducing our net debt by about $15 m ...
W&T Offshore Announces Second Quarter 2025 Results, Declares Dividend for Third Quarter of 2025 and Celebrates 20 Year Anniversary on New York Stock Exchange
Globenewswire· 2025-08-04 20:35
Core Viewpoint - W&T Offshore, Inc. reported operational and financial results for Q2 2025, highlighting a 10% increase in production and a 9% growth in Adjusted EBITDA, while also declaring a dividend of $0.01 per share for Q3 2025 [1][2][3]. Production and Revenue - Production increased to 33.5 MBoe/d in Q2 2025, a 10% rise from Q1 2025, but a decrease from 34.9 MBoe/d in Q2 2024 [3][20]. - Revenues for Q2 2025 were $122.4 million, down 6% from Q1 2025 and 14% from Q2 2024, primarily due to lower realized prices despite higher production volumes [5][4]. Financial Performance - The company reported a net loss of $20.9 million, improving from a net loss of $30.6 million in Q1 2025 [2][34]. - Adjusted Net Loss was $11.8 million, compared to $19.1 million in Q1 2025 [2]. - Adjusted EBITDA grew to $35.2 million, a 9% increase from Q1 2025 [2]. Costs and Expenses - Lease Operating Expenses (LOE) were $76.9 million, within guidance, and approximately 8% higher than Q1 2025 [6]. - General & Administrative (G&A) expenses decreased to $17.7 million from $20.2 million in Q1 2025 [10]. - Depreciation, Depletion, and Amortization (DD&A) was $8.67 per Boe, down from $11.99 per Boe in Q1 2025 [8]. Balance Sheet and Liquidity - As of June 30, 2025, the company had unrestricted cash and cash equivalents of $120.7 million and total debt of $350.1 million, with Net Debt reduced to $229.4 million [15][40]. - The company had available liquidity of $170.7 million, including $50 million from a new revolving credit facility [15]. Reserves and Acquisitions - Mid-year proved reserves were reported at 123.0 MMBoe, with a PV-10 value of $1.2 billion [21][22]. - The company performed nine low-cost workovers that positively impacted production and revenue, particularly in Mobile Bay [20]. Surety Update - A settlement agreement with two major surety providers was reached, dismissing claims against the company and locking in premium rates through December 31, 2026 [18][19].
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Trump Says U.S. Will Raise Tariffs On India's Goods
FX Empire· 2025-08-04 18:40
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 3% Amid Demand Concerns
FX Empire· 2025-08-01 18:09
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On Tariffs
FX Empire· 2025-07-31 18:13
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Natural Gas and Oil Forecast: Will Fed Pause and GDP Boost Keep WTI Above $70?
FX Empire· 2025-07-31 06:30
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
W&T Offshore to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 20th Anniversary as a Public Company
Globenewswire· 2025-07-30 20:45
Core Points - W&T Offshore, Inc. will celebrate its 20th anniversary as a publicly traded company by ringing the closing bell at the NYSE on August 4, 2025 [1] - Tracy Krohn, the Founder, Chairman, CEO, and President of W&T, expressed gratitude to the Board of Directors, management team, and employees for their contributions to the company's success over the past 42 years [2] - The company has a strong commitment to responsible energy production and advocates for the offshore Gulf of America sector [2] Company Overview - W&T Offshore, Inc. is an independent oil and natural gas producer with operations in the Gulf of America, having grown through acquisitions, exploration, and development [3] - As of March 31, 2025, the company holds working interests in 52 fields, including 45 in federal waters and 7 in state waters, with approximately 634,700 gross acres under lease [3] - The company's production primarily comes from wells it operates, with significant acreage in both conventional and deepwater areas [3]
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As Geopolitical Premium Rises
FX Empire· 2025-07-30 17:46
Deutsch العربية Français FX Empire Logo English check-icon Italiano Español Português Important 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 ...
Surge Energy: Works Magic With $70 Oil, Q2 Beat & 2030 Scenario Projections
Seeking Alpha· 2025-07-30 14:19
Group 1 - The article argues that Surge Energy (TSX: SGY:CA) is now attractively priced for risk-aware investors, making it a potential investment opportunity [1] - Surge Energy offers a compelling dividend yield that is well-covered, indicating financial stability [1] - The author emphasizes the importance of a "Margin of Safety" and a "Catalyst" in stock selection, reflecting a fundamental analysis approach [1] Group 2 - The author has transitioned from engineering to capital management, acquiring knowledge from reputable sources such as NYU Professor Damodaran [1] - The investment portfolio typically contains no more than 10 stocks, suggesting a focused investment strategy [1] - The article serves as a platform for the author to organize thoughts and share insights into the energy sector [1]
Oil News: WTI Crude Hits Key $69.89 Resistance—Will Bulls Break Through?
FX Empire· 2025-07-30 09:55
Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages individuals to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article states that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]