W&T Offshore Q4 revenue falls on lower oil prices
Overview
U.S. oil and gas producer's Q4 revenue declined and missed analyst expectations
Company reported Q4 net loss as lower oil prices offset higher production
Outlook
W&T Offshore sees Q1 2026 production at 33.5–37.1 MBoe/d and full-year at 33.5–37.2 MBoe/d
Company expects 2026 lease operating expense of $264.7 mln–$294.7 mln and capex of $19.5 mln–$24.5 mln
Result Drivers
HIGHER PRODUCTION - Q4 production increased due to completion of production enhancements and bringing Cox acquisition fields online
LOWER OIL PRICES - Revenue decline was primarily due to lower realized oil prices, partially offset by increased production and higher realized prices for NGLs and natural gas
Company press release: ID:nGNX3LgSH2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $121.7 mln | $124.20 mln (3 Analysts) |
Q4 Net Income |
| -$27.1 mln |
|
Q4 Pretax Profit |
| -$25.1 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for W&T Offshore Inc is $2.25, about 33.2% below its March 13 closing price of $3.37
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
