WTI missed EPS expectations by 79.86%
Aug 06, 2024, 11:33 PM
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What does WTI do
W&T Offshore, Inc., based in Houston, Texas, specializes in the exploration, development, and acquisition of oil and natural gas properties in the Gulf of Mexico, controlling over 47 offshore fields and approximately 625,000 gross acres. The company, which went public in 2005, employs 365 full-time workers and operates through a network of wholly owned subsidiaries.
W & T Offshore (WTI) reported a negative EPS surprise in its most recent quarterly earnings. For the most recent quarter, W & T Offshore's actual EPS was -$0.10, missing the estimate of -$0.06 per share, resulting in a -79.86% surprise.
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