W&T Offshore 1Q Profit Drops

Wednesday, May 09, 2007
W&T Offshore Inc. first-quarter profit fell 77 percent, hurt by weaker product prices and higher lease operating costs. The company also cut its full-year production guidance, and its shares sank $3.35, or 10.7 percent, to $27.95 in morning trading. The stock has ranged between $25.76 and $46.50 over the past year, the AP reported. Quarterly earnings dropped to $13 million, or 17 cents per share, from $55.8 million, or 85 cents per share, in the prior-year period. Excluding unrealized gains and losses related to derivative contracts, W&T Offshore said its earnings per share fell to 29 cents from 79 cents. Source: Canadian Business
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Rolls-Royce to Cut More Staff of Marine Unit

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,

Smith Taken on Rolls-Royce Holdings Board

Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from

Coast Guard

USCG: Missing Cargo Ship El Faro Believed to Have Sunk

The U.S. Coast Guard now believes that the missing cargo ship El Faro sank after sailing into the path of Hurricane Joaquin in the Bahamas, a spokesman said on Monday.

Man Medevacs from Boxship Off Santa Rosa Island

The Coast Guard medically evacuated a 46-year-old man from a 738-foot container ship approximately 6 miles south of Santa Rosa Island, Sunday. At 10:01 a.

Debris Appears to Belong to Cargo Ship Missing in Bahamas

Search and rescue teams on Sunday located debris which appeared to belong to the cargo ship El Faro that went missing in the eye of Hurricane Joaquin with 33 mostly American crew members aboard,

Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2554 sec (4 req/sec)