Last $14.00 USD
Change Today -0.24 / -1.69%
Volume 606.0K
WTI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 4:15 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

w&t offshore inc (WTI) Snapshot

Open
$14.12
Previous Close
$14.24
Day High
$14.15
Day Low
$13.67
52 Week High
10/21/13 - $19.88
52 Week Low
08/5/14 - $12.77
Market Cap
1.1B
Average Volume 10 Days
603.6K
EPS TTM
$0.46
Shares Outstanding
75.7M
EX-Date
08/20/14
P/E TM
30.4x
Dividend
$0.40
Dividend Yield
5.86%
Current Stock Chart for W&T OFFSHORE INC (WTI)

w&t offshore inc (WTI) Related Businessweek News

No Related Businessweek News Found

w&t offshore inc (WTI) Details

W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas. The company sells oil, natural gas liquids, and natural gas. It holds working interests in approximately 67 offshore fields in federal and state waters. As of December 31, 2013, the company had interests in offshore leases covering approximately 1.1 million gross acres spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama; and onshore leasehold interests in approximately 0.2 million gross acres in Texas. Its estimated proved reserves totaled 117.7 million barrels of oil equivalent. The company was founded in 1983 and is based in Houston, Texas.

w&t offshore inc (WTI) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $582.6K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $418.9K
Chief Operations Officer and Senior Vice Pres...
Total Annual Compensation: $407.5K
Chief Technical Officer and Senior Vice Presi...
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

w&t offshore inc (WTI) Key Developments

W&T Offshore Inc. Appoints Karen S. Acree as Chief Accounting Officer

On August 6, 2014, W&T Offshore Inc. appointed Karen S. Acree to the position of Chief Accounting Officer of the company, in addition to her current position as Vice President, Controller of the company. John D. Gibbons, who voluntarily relinquished the position of Chief Accounting Officer immediately prior to Ms. Acree's appointment, will continue to serve as Senior Vice President and Chief Financial Officer of the company. Ms. Acree will serve as Vice President, Controller and Chief Accounting Officer until her successor is duly appointed and qualified by the Board of Directors of the Company, or, if earlier, until her death, resignation, or removal from office. Ms. Acree has over 35 years of experience of public company accounting and financial reporting experience. She joined W&T in September 2007 as the Vice President, Controller. From March 2006 to August 2007, Ms. Acree worked at Bois d'Arc Energy Inc. as Vice President and Controller.

W&T Offshore Declares Regular Quarterly Cash Dividend, Payable on September 12, 2014

W&T Offshore Inc. announced that its Board of Directors on August 6, 2014 declared a regular quarterly cash dividend of $0.10 per share, payable to the holders of the Company's common shares. The dividend will be payable on September 12, 2014, to the shareholders of record on August 22, 2014.

W&T Offshore Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Operating and Income Tax Guidance for the Third Quarter of 2014; Revised Operating and Income Tax Guidance for the Full Year 2014

W&T Offshore Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue was $262.99 million against $235.38 million a year ago. Operating income was $34.4 against $53.82 million a year ago. Income before income tax expense was $15.1 million against $34.82 million a year ago. Net income was $9.84 million or $0.13 basic and diluted earnings per share against $22.4 million or $0.29 basic and diluted earnings per share a year ago. Net cash provided by operating activities was $152.56 million against $127.53 million a year ago. Capital expenditures and acquisitions was $170.98 million against $162.59 million a year ago. Net income excluding special items was $18.34 million or $0.24 basic and diluted earnings per share against $14.05 million or $0.18 basic and diluted earnings per share a year ago. EBITDA was $162.64 million against $153.73 million a year ago. Adjusted EBITDA was $175.72 million against $140.9 million a year ago. For the six months, the company reported revenue was $517.51 million against $494.6 million a year ago. Operating income was $71.63 against $114.14 million a year ago. Income before income tax expense was $32.95 million against $76.34 million a year ago. Net income was $21.03 million or $0.28 basic and diluted earnings per share against $49.01 million or $0.64 basic and diluted earnings per share a year ago. Net cash provided by operating activities was $271.05 million against $297.36 million a year ago. Capital expenditures and acquisitions was $266.04 million against $299.2 million a year ago. Acquisitions of property interests in oil and natural gas properties were $53.36 million. Investment in oil and natural gas properties and equipment was $212.68 million against $299.21 million a year ago. Purchases of furniture, fixtures and other were $1.71 million against $0.981 million a year ago. Net income excluding special items was $34.4 million or $0.45 basic and diluted earnings per share against $42.86 million or $0.56 basic and diluted earnings per share a year ago. EBITDA was $323.17 million against $322.92 million a year ago. Adjusted EBITDA was $343.74 million against $313.45 million a year ago. For the quarter, the company reported net sales volumes oil was 1,856 MBbls against 1,657 MBbls a year ago. NGL was 514 MBbls against 491 MBbls a year ago. Natural gas was 12,150 MMcf against 11,842 MMcf a year ago. Total oil and natural gas was 4,395 MBoe against 4,122 MBoe a year ago. Total oil and natural gas was 26,371 MMcfe against 24,733 MMcfe a year ago. Average daily equivalent sales were 48.3 MBoe/d against 45.3 MBoe/d a year ago. Average daily equivalent sales were 289.8 MMcfe/d against 271.8 MMcfe/d a year ago. For the six months, the company reported net sales volumes oil was 3,588 MBbls against 3,501 MBbls a year ago. NGL was 1,038 MBbls against 1,026 MBbls a year ago. Natural gas was 24,768 MMcf against 24,562 MMcf a year ago. Total oil and natural gas was 8,754 MBoe against 8,621 MBoe a year ago. Total oil and natural gas was 52,521 MMcfe against 51,726 MMcfe a year ago. Average daily equivalent sales were 48.4 MBoe/d against 47.6 MBoe/d a year ago. Average daily equivalent sales were 290.2 MMcfe/d against 285.8 MMcfe/d a year ago. The company increasing the 2014 capital expenditure budget by $185 million to $635 million which includes, among other things, three additional deepwater wells and acquisitions already completed. For the full year 2014, the company still expects oil and NGLs in a range of 8.7 MMBbls to 8.9 MMBbls; Natural gas in a range of 47.0 Bcf to 48.4 Bcf; Total production in a range of 99.0 Bcfe to 102.0 Bcfe; Total in a range of 16.5 MMBoe to 17 MMBoe. The company revised income tax rate guidance of 36.5% against 37% expected previously. For the third quarter of 2014, the company expects oil and NGLs in a range of 1.9 MMBbls to 2.1 MMBbls; Natural gas in a range of 9.4 Bcf to 10.4 Bcf; Total production in a range of 21.1 Bcfe to 23.3 Bcfe; Total in a range of 3.5 MMBoe to 3.9 MMBoe; Income tax rate of 36.5%.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WTI:US $14.00 USD -0.24

WTI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for WTI.
View Industry Companies
 

Industry Analysis

WTI

Industry Average

Valuation WTI Industry Range
No financial data is available for WTI.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact W&T OFFSHORE INC, please visit www.wtoffshore.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.