Recap: W&T Offshore Q1 Earnings

W&T Offshore WTI reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:46 PM.

Here's what investors need to know about the announcement.

W&T Offshore missed estimated earnings by 113.33%, reporting an EPS of $-0.02 versus an estimate of $0.15.

Revenue was down $59.28 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 1.93% increase in the share price the next day.

Here's a look at W&T Offshore's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.06	0.45	0.50	0.20
EPS Actual	0.10	0.33	1.32	0.21
Revenue Estimate	182.38M	204.40M	228.20M	158.54M
Revenue Actual	189.70M	266.49M	273.81M	191.00M

To track all earnings releases for W&T Offshore visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.