W&T: 2Q Earnings Snapshot
HOUSTON (AP) _ W&T Offshore Inc. (WTI) on Wednesday reported second-quarter net income of $36.1 million.
On a per-share basis, the Houston-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring costs, were 29 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The independent oil and gas company posted revenue of $149.6 million in the period.
W&T shares have more than doubled since the beginning of the year. The stock has more than tripled in the last 12 months.