HOUSTON (AP) — HOUSTON (AP) — W&T Offshore Inc. (WTI) on Monday reported a loss of $20.9 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 14 cents. Losses, adjusted for non-recurring costs, were 8 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The independent oil and gas company posted revenue of $122.4 million in the period.
_____
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
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
