WTI - W&T Offshore EPS beats by $0.09 beats on revenue
W&T Offshore (NYSE:WTI): Q3 Non-GAAP EPS of $0.00 beats by $0.09; GAAP EPS of -$0.27 misses by $0.18. Revenue of $133.94M (+84.7% Y/Y) beats by $17.19M. Press Release Produced 34.8 thousand barrels of oil equivalent per day (“MBoe/d”), or 3.2 million Boe (46% liquids), in the third quarter of 2021, despite deferred production of approximately 5.5 MBoe/d (3.4 MBbl/d of oil, 0.4 MBbl/d of NGLs, and 10.3 MMcf/d of natural gas) due to hurricane downtime. Q3 free cash flow totaled $7.6M, compared with $5.9M in the year-ago quarter and $18.7M in previous quarter.
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W&T Offshore EPS beats by $0.09, beats on revenue