HOUSTON (AP) — HOUSTON (AP) — W&T Offshore Inc. (WTI) on Friday reported a loss of $11.5 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 8 cents. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The independent oil and gas company posted revenue of $140.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $139 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTI at https://www.zacks.com/ap/WTI
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
