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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Jinhui Shipping Plummets to Loss

Norway listed dry bulk shipper Jinhui Shipping said the tough market that owners faced last year will become tougher in 2015.   Dry bulk shipping market Environment

Berenberg in $1.1bln Box Bid

The world's second-oldest bank Joh. Berenberg Gossler & Co. KG is lining up a new fund worth EUR 1bn ($1.1bn) for the containership sector.   A report appeared

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Coast Guard

Container Ship Runs Aground at Fremantle Port

A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship Maersk Garonne became stuck in soft sand about 500m off South Mole.

Coast Guard Foundation Announces 2015 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced yesterday that

Crowley Crew Aids Ill-fated Catamaran

The crew of the Crowley-managed, 393-foot, heavy lift vessel Ocean Crescent recently provided assistance to five people aboard the damaged and drifting catamaran

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1231 sec (8 req/sec)