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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

BP Spill Compensation Battles Rage On

BP pays billions in compensation but some claims still unpaid; Oil still appearing on beaches in Gulf of Mexico. Company says claims process is flawed, not all oil from spill.

Japan Expresses Concern Over Chinese Ship Seizure

The Japanese government has expressed its concerns to China via diplomatic channels over the seizure of a Mitsui O.S.K. Line Ltd ship by a Chinese court in connection with a case over wartime claims,

China Shipbuilder Rongsheng in 2013 Revenue Freefall

During the year ended 31, December 2013 China Rongsheng, the largest non-state-owned shipbuilder in the PRC, reports that revenue of the Company was RmB1,343.6 million, a decrease of 83.

Coast Guard

USCG Leading Marina Pollution Response

U.S. Coast Guard pollution responders are continuing to respond to reports of pollution in Charleston City, Bristol and Ashley River marinas Sunday. Boaters reported pools of thick,

Coast Guard Inspects Cleveland's First Containership

U.S. Coast Guard marine inspectors conducted safety and security examinations on the first-ever containership to arrive in Cleveland Saturday morning. The Fortunagracht,

Ill-fated Korean Ferry May Have Been Going too Fast

It should have been plain sailing for a South Korean ferry carrying hundreds of children and their teachers on an outing to the sub-tropical island of Jeju, an annual trip for Danwon High School.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1237 sec (8 req/sec)