W&T Offshore Announces Third Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- S&P 500, Dow on course for slim gains at open as Iran tensions clash with AI optimism
- Oil retreats from one-month high as traders weigh supply risks
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
W&T Offshore (WTI) Tops Q3 EPS by 13c
October 30, 2019 4:46 PM EDTW&T Offshore (NYSE: WTI) reported Q3 EPS of $0.13, $0.13 better than the analyst estimate of $0.00. Revenue for the quarter came in at $132.22 million versus the consensus estimate of $133.52 million.
Key highlights included:
Closed the $167.6 million Mobile Bay acquisition with ExxonMobil Corporation to acquire interests in and Operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (GOM), including 74 million Boe (MMBoe) of net proved reserves, (as of the effective date of January 1, 2019) which nearly doubled W&Ts proved reserves;Reported net income of $75.9 million... More