W&T (WTI) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - W&T Offshore reported a revenue of $122.37 million for the quarter ended June 2025, marking a year-over-year decline of 14.3% and an EPS of -$0.08 compared to -$0.05 a year ago, which indicates a negative trend in financial performance [1] - The reported revenue fell short of the Zacks Consensus Estimate of $136.9 million, resulting in a surprise of -10.62%, while the EPS exceeded expectations with a surprise of +42.86% against a consensus estimate of -$0.14 [1] Financial Performance Metrics - Average daily equivalent sales were 33,500 Boe/d, slightly below the three-analyst average estimate of 34,387.02 Boe/d [4] - Net sales volumes for natural gas were 9,285 MMcf, exceeding the average estimate of 9,081.27 MMcf, while NGLs were reported at 245 MBBL, slightly above the estimate of 243.25 MBBL [4] - Total oil and natural gas net sales volumes were 3,052 MBoe, below the average estimate of 3,141.14 MBoe, and oil sales volumes were 1,259 MBBL, also below the estimate of 1,384.28 MBBL [4] Revenue Breakdown - Revenue from oil was reported at $80.01 million, significantly lower than the average estimate of $87.84 million, reflecting a year-over-year decline of 27.9% [4] - NGL revenue was $4.72 million, below the estimate of $4.91 million, showing a year-over-year decline of 42.2% [4] - Natural gas revenue was $34.8 million, slightly below the estimate of $36.46 million, but represented a substantial year-over-year increase of 58.8% [4] - Other revenues reached $2.84 million, exceeding the average estimate of $2.14 million, with a year-over-year increase of 64.7% [4] Stock Performance - W&T shares have returned -4% over the past month, contrasting with the Zacks S&P 500 composite's increase of +0.6%, indicating underperformance in the market [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]