W T Offshore beats earnings estimates and increases production
WTI W & T Offshore Inc
$2.89 -5.86%
View chart & analysis → - 1W T Offshore's adjusted earnings per share of $0.01 beat the consensus estimate of a $0.07 loss.
- 2Quarterly revenue of $167.08 million exceeded consensus by 23.6% and rose 31.0% year-over-year.
- 3Management stated there are no drilling plans for 2027 and they prefer mergers and acquisitions over drilling.
So what's the key point?
W T Offshore earned more money than experts expected. Revenue increased by 31.0% compared to last year, meaning performance improved.
Source Earnings Whispers · View original ↗
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