Q1 25 EPS
$-0.13
BEAT +13.33%
Est. $-0.15
Q1 25 Revenue
$129.9M
BEAT +4.81%
Est. $123.9M
vs S&P Since Q1 25
+159.7%
BEATING MARKET
WTI +194.2% vs S&P +34.5%
Market Reaction
Did WTI Beat Earnings? Q1 2025 Results
W&T Offshore turned in a better-than-feared first quarter for 2025, posting an adjusted loss of $0.13 per diluted share against a consensus estimate of $0.15, a 13.33% beat, while revenue of $129.87 million topped the $123.91 million estimate by 4.81… Read more W&T Offshore turned in a better-than-feared first quarter for 2025, posting an adjusted loss of $0.13 per diluted share against a consensus estimate of $0.15, a 13.33% beat, while revenue of $129.87 million topped the $123.91 million estimate by 4.81% despite falling 7.8% from a year earlier as production volumes slipped to 30.5 MBoe/d amid January freeze-related shut-ins. The central story of the quarter, however, was a sweeping balance sheet overhaul: W&T replaced its existing debt stack with $350 million in new 10.75% Senior Second Lien Notes, cutting gross debt by roughly $39 million, lowering its coupon by 100 basis points, and eliminating near-term amortization, while a $58.50 million insurance settlement and an $11.90 million non-core asset sale pushed total liquidity to $155.90 million at quarter-end. Lease operating expenses of $71.01 million came in below the low end of guidance, and Adjusted EBITDA edged up 2% sequentially to $32.22 million. Management guided Q2 2025 production at 32.7 to 36.2 MBoe/d and flagged a more favorable regulatory environment in the Gulf of America as a potential tailwind for acquisitions and permitting activity going forward.
Key Takeaways
- • Higher average realized prices (up 17% sequentially to $46.50/Boe) offset lower production volumes
- • Production near high end of guidance at 30.5 MBoe/d despite January freeze-related shut-ins
- • Lease operating expenses below low end of guidance due to lower repair, maintenance, and workover costs
- • Five workovers completed in Q1 2025 positively impacted production
- • $58.5 million insurance settlement related to Mobile Bay 78-1 well bolstered cash position
WTI YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
WTI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continue to successfully execute our strategic vision and have delivered another quarter of strong results in line with or above our guidance. We reported production at the high end of our guidance range and, more importantly, we have brought online the remaining two fields from the Cox acquisition, which we expect will meaningfully increase production for the remainder of 2025, as you can see from our second quarter and full year guidance. Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to successfully operate for over 40 years. We generated solid Free Cash Flow and Adjusted EBITDA and we recorded lease operating expenses below the low end of our guidance. We will continue to focus on increasing our production, particularly our oil production, and managing our operating costs.”
— Tracy W. Krohn, Q1 2025 Earnings Press Release
WTI Earnings Trends
WTI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WTI EPS Trend
Earnings per share: estimate vs actual
WTI Revenue Trend
Quarterly revenue: estimate vs actual
WTI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.02 | $-0.15 | -850.00% | $150.0M | +11.50% |
| Q4 25 MISS FY | $-0.12 | $-0.14 | -20.69% | $121.7M | -0.62% |
| FY Full Year | — | $-0.37 | — | $501.5M | — |
| Q3 25 BEAT | $-0.07 | $-0.05 | +29.87% | $127.5M | +0.89% |
| Q2 25 BEAT | $-0.17 | $-0.14 | +17.65% | $122.4M | -5.11% |
| Q1 25 BEAT | $-0.15 | $-0.13 | +13.33% | $129.9M | +4.81% |