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W&T posts 1Q profit

HOUSTON (AP) _ W&T Offshore Inc. (WTI) on Wednesday reported first-quarter net income of $24.3 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had profit of 17 cents per share. Earnings, adjusted for non-recurring gains, came to 16 cents per share.

The independent oil and gas company posted revenue of $124.4 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $1.90. A year ago, they were trading at $2.16.


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


Keywords: W&T Offshore, Earnings Report