Buy Or Sell Opportunity • May 27
Now 27% undervalued Over the last 90 days, the stock has risen 59% to €3.34. The fair value is estimated to be €4.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Annonce • Mar 17
W&T Offshore, Inc. Has Provides Production Guidance for the First Quarter and Full Year 2026 W&T Offshore, Inc. has provided production guidance for the first quarter and full year 2026. For the first quarter, the company expects oil production to be in the range of 1,210 MBbl to 1,340 MBbl, NGLs production to be in the range of 400 MBbl to 450 MBbl, natural gas production to be in the range of 8,405 MMcf to 9,305 MMcf, total equivalents production to be in the range of 3,011 MBoe to 3,341 MBoe, and average daily equivalents production to be in the range of 33.5 MBoe/d to 37.1 MBoe/d.
For the full year, the company expects oil production to be in the range of 4,710 MBbl to 5,210 MBbl, NGLs production to be in the range of 1,620 MBbl to 1,820 MBbl, natural gas production to be in the range of 35,380 MMcf to 39,180 MMcf, total equivalents production to be in the range of 12,227 MBoe to 13,560 MBoe, and average daily equivalents production to be in the range of 33.5 MBoe/d to 37.2 MBoe/d. Annonce • Mar 06
W&T Offshore, Inc. Declares Quarterly Cash Dividend for the First Quarter 2026, Payable on March 26, 2026 W&T Offshore, Inc. announced that its Board of Directors has approved and declared its quarterly cash dividend of $0.01 per share of common stock for the first quarter of 2026 which is payable on March 26, 2026 to stockholders of record on March 19, 2026. Annonce • Oct 23
W&T Offshore, Inc. to Report Q3, 2025 Results on Nov 05, 2025 W&T Offshore, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annonce • Jul 25
W&T Offshore, Inc. to Report Q2, 2025 Results on Aug 05, 2025 W&T Offshore, Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Annonce • Jun 18
W&T Announces Settlement Agreement with Two of Its Largest Surety Providers W&T Offshore, Inc. announced it has come to a settlement agreement with two of its largest surety providers which calls for the dismissal of a previously filed lawsuit. The settlement agreement requires the surety providers to withdraw their current collateral demands, and further provides that the surety providers may not make additional collateral demands or increase premiums through December 31, 2026. Key highlights for the settlement agreement include: Dismissal of all claims by the applicable party in the lawsuit, without prejudice; Two participating surety providers, together with W&T’s other major surety provider who did not attempt to increase premiums or call for collateral, represent nearly 70% of W&T’s surety bond portfolio; Premium rates for all existing bonds provided by the two surety providers will be locked in at W&T’s historical rates without increase through December 31, 2026, representing a prolonged rate lock in excess of “ordinary course” rate negotiations, thereby providing consistency and predictability in W&T’s premium expense; W&T is not required to provide any collateral to the applicable sureties, and the applicable surety providers will immediately withdraw all demands for collateral; Surety providers may not make demands for collateral through December 31, 2026, outside certain limited circumstances involving unlikely events of default; and Parties retain the right to negotiate and establish new surety bonds at rates to be determined in the ordinary course. Annonce • Jun 10
W&T Offshore Appoints John D. Buchanan as Presiding Director W&T Offshore, Inc. announced that its Board of Directors appointed Mr. John D. Buchanan as Presiding Director for 2025. He has served in that role since the 2024 Annual General Meeting and will continue as Presiding Director this year. Mr. Buchanan joined the Board in April 2024 and has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney, in addition to his prior service as a military officer. Mr. Buchanan has served in top legal roles as Chief Legal Officer/General Counsel/Corporate Secretary at several S&P 500 companies. Mr. Buchanan most recently served at ExxonMobil Corporation as an Assistant General Counsel where he also served as the Secretary to the Exxon Audit Committee and the Exxon Finance Committee. Mr. Buchanan also previously served in the top legal role with the Federal Reserve Bank of Dallas, where he was the Senior Vice President, General Counsel and Corporate Secretary. Mr. Buchanan has held a number of other Chief Legal Officer positions over the course of his career at various S&P 500 financial institutions. Mr. Buchanan has served on numerous committees and boards of directors during his career, including the board of directors for Mercedes Benz US International Inc., with service as the Chair of the Audit Committee. Prior to his legal career, Mr. Buchanan was a U.S. Army officer, helicopter pilot, and paratrooper, serving with distinction. Mr. Buchanan holds a Master’s of Laws in Taxation from New York University School of Law and a Juris Doctorate degree from the Vanderbilt University School of Law. He also earned a Bachelor’s degree in Economics from Washington & Lee University. Annonce • Jun 05
W&T Offshore, Inc., Annual General Meeting, Jun 03, 2025 W&T Offshore, Inc., Annual General Meeting, Jun 03, 2025. Annonce • Apr 25
W&T Offshore, Inc. to Report Q1, 2025 Results on May 06, 2025 W&T Offshore, Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Annonce • Apr 08
W&T Offshore, Inc. Provides Production Guidance for the Full Fiscal Year 2025 W&T Offshore, Inc. provided production guidance for the full fiscal year 2025. The guidance for fiscal year, full year 2025 production is roughly 34,900 to 38,600 BOEs a day. Annonce • Mar 26
W&T Offshore, Inc. Announces Promotion of Huan Gamblin to Executive Vice President and Chief Technical Officer W&T Offshore, Inc. announced the promotion of Huan Gamblin to Executive Vice President and Chief Technical Officer. Mr. Gamblin has over 20 years of energy industry experience. Huan Gamblin joined the Company in 2020 and was named Executive Vice President and Chief Technical Officer in March 2025. Since joining W&T in 2020, he has served as Manager of Acquisition and Divesture and, in May 2022, as Vice President of Business Development. Mr. Gamblin has 20 years of domestic and international industry experience. Prior to joining W&T, Mr. Gamblin was the Algeria Reservoir Engineering Manager with Occidental Petroleum (“Occidental”). Before Occidental, Mr. Gamblin held various engineering positions at Anadarko Petroleum'sU.S. onshore, Gulf of America, and international assets. Mr. Gamblin is a graduate of the University of Texas, where he earned a bachelor's degree in Petroleum Engineering. Annonce • Feb 20
W&T Offshore, Inc. to Report Q4, 2024 Results on Mar 03, 2025 W&T Offshore, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 03, 2025 Declared Dividend • Nov 12
Third quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 21st November 2024 Payment date: 29th November 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$0.25 loss per share (vs US$0.015 profit in 3Q 2023) Third quarter 2024 results: US$0.25 loss per share (down from US$0.015 profit in 3Q 2023). Revenue: US$121.4m (down 15% from 3Q 2023). Net loss: US$36.9m (down US$39.1m from profit in 3Q 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. Annonce • Oct 30
W&T Offshore, Inc. to Report Q3, 2024 Results on Nov 07, 2024 W&T Offshore, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Annonce • Sep 03
W&T Offshore, Inc. Announces Appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary W&T Offshore, Inc. announced the appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary, effective September 1, 2024. Mr. Hittner brings a unique and extensive combination of legal, corporate and legislative experience in both the public and private sectors. Before founding his own law firm in 2017, Mr. Hittner worked as general counsel, corporate secretary, and senior vice president for governmental relations at Mesa, Arizona-based American Traffic Solutions, Inc. At ATS, Mr. Hittner managed the company’s full spectrum of legal and legislative affairs, including supervising external law firms and external consultants and lobbyists across numerous states, territories, and Canadian provinces. Included amongst his achievements, Mr. Hittner was named “Litigator of the Year” in 2013 by the Arizona chapter, Association of Corporate Counsel. Mr. Hittner has also worked as a White House appointee at both the U.S. Department of Labor and U.S. Department of Transportation. Earlier in his career, Mr. Hittner worked for a major Texas-based law firm, where his focus was business litigation and employment and labor law. A native Texan, Mr. Hittner is an Eagle Scout and has been active on both the local and national levels with the Boy Scouts of America. He is also the founder of the Houston Firefighters Foundation as well as the Wentworth Military Academy Museum. Mr. Hittner received a Bachelor of Science degree from Texas A&M University, a Juris Doctor degree from The University of Texas School of Law, a Master of Public Affairs from The University of Texas Lyndon B. Johnson School of Public Affairs, and a Master of Business. Upcoming Dividend • Aug 13
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 27 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.083 loss in 2Q 2023) Second quarter 2024 results: US$0.10 loss per share (further deteriorated from US$0.083 loss in 2Q 2023). Revenue: US$142.8m (up 13% from 2Q 2023). Net loss: US$15.4m (loss widened 27% from 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Aug 02
W&T Offshore, Inc. to Report Q2, 2024 Results on Aug 06, 2024 W&T Offshore, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Buy Or Sell Opportunity • Jul 26
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to €2.12. The fair value is estimated to be €1.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 11% in a year. Earnings are forecast to decline by 45% in the next year. New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings have declined by 9.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 9.5% per year over the past 5 years. Annonce • May 25
W&T Offshore, Inc. Announces Resignation of Jonathan Curth as Executive Vice President, General Counsel and Corporate Secretary W&T Offshore, Inc. announced on May 20, 2024, the Board of Directors of the company approved the acceptance of the resignation of Jonathan Curth as Executive Vice President, General Counsel and Corporate Secretary, effective May 24, 2024. New Risk • May 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$22m Forecast net loss in 2 years: US$25m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$25m net loss in 2 years). Annonce • May 01
W&T Offshore, Inc., Annual General Meeting, Jun 14, 2024 W&T Offshore, Inc., Annual General Meeting, Jun 14, 2024, at 08:00 Central Daylight. Agenda: ?To elect six directors to hold office until the 2025 Annual Meeting of Shareholders and until their successors are duly elected and qualified; to approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the accompanying Proxy Statement pursuant to Item 402 of Regulation S-K; and to ratify the appointment of Ernst & Young LLP as company independent registered public accountants for the year ending December 31, 2024. New Risk • Apr 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Buy Or Sell Opportunity • Mar 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €2.36. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: US$0.11 (vs US$1.62 in FY 2022) Full year 2023 results: EPS: US$0.11 (down from US$1.62 in FY 2022). Revenue: US$532.7m (down 42% from FY 2022). Net income: US$15.6m (down 93% from FY 2022). Profit margin: 2.9% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Feb 16
W&T Offshore, Inc. to Report Q4, 2023 Results on Mar 06, 2024 W&T Offshore, Inc. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024 New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 44% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (828% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 44% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 44% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (828% net debt to equity). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 30% over the past three years. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (828% net debt to equity). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Upcoming Dividend • Nov 20
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 22 December 2023. The company last paid an ordinary dividend in February 2013. The average dividend yield among industry peers is 2.7%. New Risk • Nov 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (828% net debt to equity). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Annonce • Oct 25
W&T Offshore, Inc. to Report Q3, 2023 Results on Nov 07, 2023 W&T Offshore, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks High level of debt (936% net debt to equity). Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Annonce • Aug 03
W&T Offshore, Inc. Provides Production Guidance for the Third Quarter and Full Year 2023 W&T Offshore, Inc. provides production guidance for the third quarter and full year 2023. For the third quarter, the company expects Oil production of 1,130 MBbl– 1,260 MBbl. NGLs of 320 MBbl– 360 MBbl and Natural gas of 9,900 MMcf – 11,000 MMcf.For the full year, the company expects Oil production of 4,750 MBbl– 5,250 MBbl. NGLs of 1,350 MBbl– 1,480 MBbl and Natural gas of 36,300 MMcf – 40,200 MMcf. Reported Earnings • Aug 02
Second quarter 2023 earnings released: US$0.083 loss per share (vs US$0.86 profit in 2Q 2022) Second quarter 2023 results: US$0.083 loss per share (down from US$0.86 profit in 2Q 2022). Revenue: US$126.2m (down 54% from 2Q 2022). Net loss: US$12.1m (down 110% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Jul 25
W&T Offshore, Inc. to Report Q2, 2023 Results on Aug 01, 2023 W&T Offshore, Inc. announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.017 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (up from US$0.017 loss in 1Q 2022). Revenue: US$131.7m (down 31% from 1Q 2022). Net income: US$26.0m (up US$28.5m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • May 10
W&T Offshore, Inc. Provides Production Guidance for the Second Quarter and Full Year of 2023 W&T Offshore, Inc. provided production guidance for the second quarter and full year of 2023. For the quarter, the company expects oil production to be in the range of 1,180 MBbl to 1,320 MBbl, NGLs production to be in the range of 330 MBbl to 370 MBbl, Natural gas production to be in the range of 10,000 MMcf to 11,200 MMcf, total equivalents to be in the range of 3,177 MBoe to 3,557 MBoe and average daily equivalents to be in the range of 34.9 MBoe/d to 39.1 MBoe/d. For the full year, the company expects oil production to be in the range of 5,220 MBbl to 5,820 MBbl, NGLs production to be in the range of 1,370 MBbl to 1,550 MBbl, Natural gas production to be in the range of 41,500 MMcf to 45,500 MMcf, total equivalents to be in the range of 13,510 MBoe to 14,955 MBoe and average daily equivalents to be in the range of 37.0 MBoe/d to 41.0 MBoe/d. Board Change • May 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director B. Stanley was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be €6.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 60% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €4.50, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 329% over the past three years. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: US$1.62 (vs US$0.29 loss in FY 2021) Full year 2022 results: EPS: US$1.62 (up from US$0.29 loss in FY 2021). Revenue: US$921.0m (up 68% from FY 2021). Net income: US$231.1m (up US$272.6m from FY 2021). Profit margin: 25% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 15% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Dec 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be €7.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 16% in 2 years. Earnings is forecast to decline by 48% in the next 2 years. Annonce • Dec 02
W&T Offshore, Inc. Announces Management Promotions W&T Offshore, Inc. announced the promotion of W. Allen Tate to Senior Vice President of Marketing, Jake G. Woodall to Vice President of Midstream and Kristen Ecklund to Vice President of Human Resources. Allen Tate joined W&T in 2006 as Vice President, Marketing and Midstream. Mr. Tate has over 46 years of industry experience; immediately prior to joining W&T, he was Director of Producer Services for Noble Energy Marketing, Inc. Prior to joining Noble, he was Business Development Director for Southern Union, Director of Business Development and Supply for CMS Field Services, and Director of Marketing for CMS Energy. Prior to that, Mr. Tate held various management positions in Marketing, Marketing Operations, Business Development and Supply and Gas Measurement with Duke Energy, PanEnergy, Panhandle Eastern Corporation and Hytech Energy. Mr. Tate has a BBA in Finance from the University of Texas at Austin.Jake G. Woodall joined W&T in 2008 as Director, Market Development. Mr. Woodall has over 43 years of marketing and midstream experience. Prior to joining W&T, he was the General Manager of ProLiance Energy's wholesale natural gas marketing. Prior to that, Mr. Woodall was General Manager of Panhandle Eastern PipeLine/Trunkline Gas where he led interstate natural gas marketing and gas supply efforts. Earlier in his career, Mr. Woodall spent 14 years in Anadarko Petroleum's marketing department in various positions of increasing responsibility. Mr. Woodall has a Bachelor of Science degree in Business Administration majoring in Marketing from Georgia Southwestern State University and earned his MBA from the Terry College of Business at the University of Georgia.Kristen Ecklund joined W&T in 2021 as the Director of Human Resources. Ms. Ecklund has over 20 years of Human Resources experience. Prior to W&T, Ms. Ecklund served as Director of Human Resources at Bruin E&P Operating, LLC from in 2017 to 2021 and served in a business consulting role in the HR department at Lyondell Industries from 2015 to 2017. She also was Manager, Human Resources at Memorial Resource Development Company from 2012 to 2015. Earlier in her career, Ms. Ecklund worked at Human Resources advisory firms, consulting small to medium sized companies in payroll, benefits, employee relations and organizational development. Ms. Ecklund holds a Bachelor of Business Administration in Accounting from Georgia Southern University. She is a member of the Society for Human Resource Management ("SHRM") and has earned both the PHR and SHRM-CP designations. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.47 (up from US$0.27 loss in 3Q 2021). Revenue: US$266.5m (up 103% from 3Q 2021). Net income: US$66.7m (up US$104.7m from 3Q 2021). Profit margin: 25% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 9.0% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • Nov 09
W&T Offshore, Inc. Provides Production Guidance for Fourth Quarter of 2022 W&T Offshore, Inc. provided production guidance for fourth quarter of 2022. For the quarter, the company expected production of oil to be 1,332 MBbl to 1,472 MBbl; NGLs to be 385 MBbl to 425 MBbl; Natural Gas to be 10,676 MMcf to 11,800 MMcf; total equivalents to be 3,500 MBoe to 3,860 MBoe; average daily equivalents to be 38.0 MBoe/d to 42.0 MBoe/d. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 17% share price gain to €8.75, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.73 per share. Annonce • Nov 01
W&T Offshore, Inc. to Report Q3, 2022 Results on Nov 08, 2022 W&T Offshore, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Buying Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock is up 56%. The fair value is estimated to be €9.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.0% in 2 years. Earnings is forecast to grow by 1.8% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 23% share price gain to €7.05, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to €7.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 15% share price gain to €7.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.39 per share. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 29% share price gain to €5.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.27 per share. Annonce • Aug 09
W&T Offshore, Inc. Provides Production Guidance for the Third Quarter and Full Year of 2022 W&T Offshore, Inc. provided production guidance for the third quarter and full year of 2022. For the quarter, the company expects oil production to be in the range of 1,350 MBbl and 1,550 MBbl, NGLs production to be in the range of 335 MBbl and 375 MBbl, Natural gas production to be in the range of 11,300 MMcf and 12,800 MMcf and total equivalents to be in the range of 3,550 MBoe and 4,050 MBoe.For the full year, the company expects oil production to be in the range of 5,450 MBbl and 5,800 MBbl, NGLs production to be in the range of 1,420 MBbl and 1,500 MBbl, Natural gas production to be in the range of 45,300 MMcf and 48,200 MMcf and total equivalents to be in the range of 14,450 MBoe and 15,450 MBoe. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$0.86 (vs US$0.36 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.86 (up from US$0.36 loss in 2Q 2021). Revenue: US$273.8m (up 109% from 2Q 2021). Net income: US$123.4m (up US$175.1m from 2Q 2021). Profit margin: 45% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annonce • Aug 06
W&T Offshore, Inc. to Report Q2, 2022 Results on Aug 08, 2022 W&T Offshore, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 08, 2022 Annonce • Jun 16
W&T Offshore, Inc. Announces Appointment of Appointment of Jonathan Curth to Executive Vice President, and Corporate Secretary W&T Offshore, Inc. announced appointment of Jonathan Curth to Executive Vice President, General Counsel and Corporate Secretary. Prior to joining W&T, Mr. Curth most recently served as Executive Vice President, General Counsel, Compliance Officer and Corporate Secretary for Vine Energy, Inc. (now Chesapeake Energy Corp.). His prior experience also includes Interim President & CEO, General Counsel, Chief Compliance Officer, Corporate Secretary and Executive Vice President of Land of Vanguard Natural Resources, Inc. (now Grizzly Energy, LLC) and Assistant General Counsel at Newfield Exploration Company (now Ovintiv Inc.). He also previously worked at Willkie Farr & Gallagher LLP where he was Senior Counsel and at Baker & McKenzie LLP. Mr. Curth is Board Certified in Oil, Gas and Mineral Law by the TexasBoard of Legal Specialization and has 15 years of experience in oil and gas as an attorney with a focus on domestic and international transactions, including acquisitions, divestitures, joint ventures, securities regulations, corporate financing, restructuring transactions, and Environmental, Social and Governance (“ESG”) matters. Mr. Curth received a BA degree from Baylor University and a Juris Doctor degree from The University of Texas School of Law. Annonce • May 12
W&T Offshore, Inc. Announces Executive Changes W&T Offshore, Inc. announced that Stephen L. Schroeder, Senior Vice President and Chief Technical Officer, is retiring effective June 1, 2022. Mr. Schroeder joined W&T in 1998 as a Staff Reservoir Engineer and has since served in a variety of management roles including Production Manager, Vice President of Production, and Senior Vice President and Chief Operating Officer, until assuming his current role in 2012. Prior to W&T, Mr. Schroeder was with Exxon USA for 12 years. Huan Gamblin, who currently serves as Manager of Acquisition and Divestiture, is being promoted to Vice President of Business Development and will assume the majority of Mr. Schroeder's responsibilities. Mr. Gamblin has 17 years of domestic and international industry experience, and he joined W&T in 2020. Prior to W&T, he was the Algeria Reservoir Engineering Manager with Occidental Petroleum. Before Occidental, Mr. Gamblin held increasing responsibility at various engineering positions at Anadarko Petroleum's US Onshore, Gulf of Mexico, and International assets. Annonce • May 06
W&T Offshore, Inc. Promotes Bart P. Trey Hartman to Chief Accounting Officer W&T Offshore, Inc. announced the promotion of Bart P. Trey Hartman to Chief Accounting Officer. He previously served as Vice President Controller for Sheridan Production Company from 2015 to 2020. Reported Earnings • May 05
First quarter 2022 earnings released: US$0.017 loss per share (vs US$0.005 loss in 1Q 2021) First quarter 2022 results: US$0.017 loss per share (down from US$0.005 loss in 1Q 2021). Revenue: US$191.0m (up 55% from 1Q 2021). Net loss: US$2.46m (loss widened 229% from 1Q 2021). Over the next year, revenue is forecast to grow 51%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Annonce • May 04
W&T Offshore, Inc. Provides Operating Guidance for the Second Quarter and Full Year of 2022 W&T Offshore, Inc. provided operating guidance for the second quarter and full year of 2022. For the quarter, the company expects production of Oil in the range of 1,325 MBbls to 1,450 MBbls, NGL's in the range of 370 MBbls to 410 MBbls, Natural Gas in the range of 10,600 MMcf to 11,750 MMcf, Total equivalents in the range of 3,450 MBoe to 3,850 MBoe.For the full year of 2021, the company expects production of Oil in the range of 5,300 MBbls to 5,900 MBbls, NGL's in the range of 1,450 MBbls to 1,600 MBbls, Natural Gas in the range of 43,000 MMcf to 47,500 MMcf, Total equivalents in the range of 13,950 MBoe to 15,400 MBoe. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director B. Stanley was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.