we are an independent oil and natural gas acquisition, exploitation and exploration company. we are focused primarily in the gulf of mexico area, where we have developed significant technical expertise and where the high production rates associated with hydrocarbon deposits have historically provided us the best opportunity to achieve a rapid payback on our invested capital. we own working interests in approximately 77 fields in federal and state waters, and have interests in leases covering approximately 0.9 million acres. our proved reserves at december 31, 2009 were 371 bcfe, with a pre-tax pv-10 of $890.0 million (including plug and abandonment cost). of those, 76% were proved developed reserves and 45% were natural gas reserves. we are headquartered in houston, texas and trade on the nyse under the symbol "wti". for more information, please visit our website at www.wtoffshore.com
Company profile
Ticker
WTI
Exchange
Website
CEO
Tracy Krohn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Aquasition Energy LLC • Aquasition LLC • Aquasition II LLC • Aquasition III LLC • Aquasition IV LLC • Aquasition V LLC • Falcon Aero Holdco LLC • Falcon Aero Holdings LLC • Green Hell LLC • Seaquester LLC ...
IRS number
721121985
WTI stock data
Latest filings (excl ownership)
8-K
W&T Announces Addition to its Board of Directors
11 Apr 24
8-K
Entry into a Material Definitive Agreement
28 Mar 24
8-K
W&T Offshore Announces Liquidity-Enhancing Modifications to the Non-Recourse Term Loan with Munich Re
18 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
8-K
Results of Operations and Financial Condition
5 Mar 24
8-K
Entry into a Material Definitive Agreement
1 Mar 24
8-K
Entry into a Material Definitive Agreement
26 Jan 24
8-K
W&T Offshore Announces Closing of Accretive Acquisition of
22 Jan 24
8-K
Entry into a Material Definitive Agreement
2 Jan 24
8-K
Entry into a Material Definitive Agreement
15 Dec 23
Transcripts
WTI
Earnings call transcript
2023 Q4
6 Mar 24
WTI
Earnings call transcript
2023 Q3
8 Nov 23
WTI
Earnings call transcript
2023 Q2
2 Aug 23
WTI
Earnings call transcript
2023 Q1
10 May 23
WTI
Earnings call transcript
2022 Q4
8 Mar 23
WTI
Earnings call transcript
2022 Q3
9 Nov 22
WTI
Earnings call transcript
2022 Q2
8 Aug 22
WTI
Earnings call transcript
2022 Q1
4 May 22
WTI
Earnings call transcript
2021 Q4
9 Mar 22
WTI
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
3
John D Buchanan
16 Apr 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G
BlackRock Inc.
29 Jan 24
SC 13G/A
STATE STREET CORP
25 Jan 24
4
William J Williford
3 Jan 24
4
TRACY W KROHN
3 Jan 24
4
Bart P. Hartman III
3 Jan 24
4
Jonathan Charles Curth
3 Jan 24
4
William J Williford
3 Oct 23
4
TRACY W KROHN
3 Oct 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 148.99 mm | 148.99 mm | 148.99 mm | 148.99 mm | 148.99 mm | 148.99 mm |
Cash burn (monthly) | 7.54 mm | 24.84 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 51.69 mm | 170.22 mm | n/a | n/a | n/a | n/a |
Cash remaining | 97.30 mm | -21.23 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.9 | -0.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
72.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 147 |
Opened positions | 16 |
Closed positions | 20 |
Increased positions | 56 |
Reduced positions | 40 |
13F shares | Current |
---|---|
Total value | 265.28 bn |
Total shares | 106.76 mm |
Total puts | 491.80 k |
Total calls | 331.40 k |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
Krohn Tracy W | 45.61 mm | $185.16 mm |
BLK Blackrock | 7.45 mm | $32.63 bn |
Key | 6.16 mm | $26.98 bn |
Vanguard | 5.98 mm | $26.21 bn |
STT State Street | 5.44 mm | $23.81 bn |
Huber Capital Management | 3.12 mm | $13.66 bn |
Dimensional Fund Advisors | 2.58 mm | $11.28 bn |
Citadel Advisors | 2.26 mm | $9.91 bn |
AMP Ameriprise Financial | 2.13 mm | $9.35 bn |
HighTower Advisors | 1.99 mm | $8.69 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jan 24 | Jonathan Charles Curth | Common Stock | Payment of exercise | Dispose F | No | No | 3.26 | 1,730 | 5.64 k | 7,333 |
1 Jan 24 | Jonathan Charles Curth | Common Stock | Option exercise | Acquire M | No | No | 0 | 5,834 | 0.00 | 9,063 |
1 Jan 24 | Jonathan Charles Curth | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 5,834 | 0.00 | 5,834 |
1 Jan 24 | Bart P. Hartman III | Common Stock | Payment of exercise | Dispose F | No | No | 3.26 | 1,210 | 3.94 k | 11,249 |
1 Jan 24 | Bart P. Hartman III | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,076 | 0.00 | 12,459 |
1 Jan 24 | Bart P. Hartman III | Common Stock | Payment of exercise | Dispose F | No | No | 3.26 | 606 | 1.98 k | 8,383 |
1 Jan 24 | Bart P. Hartman III | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,041 | 0.00 | 8,989 |
1 Jan 24 | Bart P. Hartman III | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,076 | 0.00 | 4,074 |
1 Jan 24 | Bart P. Hartman III | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,041 | 0.00 | 0 |
1 Jan 24 | Krohn Tracy W | Common Stock | Payment of exercise | Dispose F | No | No | 3.26 | 33,005 | 107.60 k | 516,933 |
News
(WTI) - Analyzing W&T Offshore's Short Interest
24 Apr 24
Stifel Maintains Buy on W&T Offshore, Raises Price Target to $7.8
23 Apr 24
How Is The Market Feeling About W&T Offshore?
14 Mar 24
Thursday Is Your Last Chance To Buy W&T Offshore Before The Dividend Payout
12 Mar 24
W&T Offshore Q4 2023 Adj EPS $(0.06) Misses $0.01 Estimate, Sales $132.34M Miss $138.42M Estimate
5 Mar 24
Press releases
W&T Announces Addition to its Board of Directors
11 Apr 24
W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024
26 Mar 24
W&T Offshore Announces Participation in 36th Annual Roth Conference
11 Mar 24
W&T Offshore Announces Fourth Quarter and Full Year 2023 Results Including Year-End 2023 Proved Reserves, Provides Guidance for 2024, and Declares Dividend for First Quarter of 2024
5 Mar 24
W&T Offshore Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call as well as Posting of Interview with Chairman and CEO Tracy Krohn on Website
15 Feb 24