W&T Offshore Q3 Loss Narrower Than Expected, Revenues Decline Y/Y

W&T Offshore Inc. (WTI) reported a third-quarter 2024 loss of 17 cents per share (excluding one item), narrower than the Zacks Consensus Estimate of a loss of 19 cents. However, the bottom line declined from the year-ago quarter's reported earnings of 1 cent per share. Total quarterly revenues of $121.4 million missed the Zacks Consensus Estimate of $136 million. The top line also decreased from $142.4 million reported in the prior-year quarter. Increased realized price of natural gas liquids aided the comp ...