<p>W&amp;T Offshore（WTI）已举行其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>W&amp;T Offshore 最近的财报电话会议描绘了强劲的运营表现，生产增加和成本降低，推动了 EBITDA 的增长。尽管由于非现金调整和资本支出的增加报告了 GAAP 净亏损，但公司在财务和运营上仍然处于良好位置。</p>
<h2>生产增加</h2>
<p>W&amp;T Offshore 报告生产增加 6%，达到每日 35,600 桶油当量，接近其指导范围的高端。这一增长突显了公司在优化生产水平方面的成功策略。</p>
<h2>成本降低</h2>
<p>公司实现了 8% 的租赁运营费用（LOE）降低，降至每桶油当量约 23 美元。这反映了 W&amp;T Offshore 在成本管理方面的严谨态度，这在波动的商品价格中保持盈利能力至关重要。</p>
<h2>EBITDA 增长</h2>
<p>尽管面临商品价格下跌，W&amp;T Offshore 仍成功实现了调整后 EBITDA 环比增长 11%，达到 3900 万美元。这一增长凸显了公司通过战略性运营改善提升盈利能力的能力。</p>
<h2>财务状况改善</h2>
<p>W&amp;T Offshore 通过将无条件现金增加至约 1.25 亿美元，并将净债务降低至 226 百万美元以下，增强了其财务状况。这些措施提升了公司的财务灵活性和抗风险能力。</p>
<h2>成功的资产整合</h2>
<p>前 Cox 资产的整合和高回报的修复工作在提升生产和现金流方面发挥了重要作用。这一战略举措在提高公司运营效率方面证明是有益的。</p>
<h2>GAAP 净亏损</h2>
<p>公司报告了 GAAP 净亏损，归因于递延税资产估值准备的非现金增加。这突显了会计调整对财务报告的影响。</p>
<h2>资本支出增加</h2>
<p>资本支出在 2025 年第三季度上升至 2250 万美元，主要由于重新完工和设施资本支出工作。这一增加反映了公司在维持和增强其运营能力方面的投资。</p>
<h2>前瞻性指导</h2>
<p>展望未来，W&amp;T Offshore 旨在保持其增长轨迹，第四季度的生产目标为每日 36,000 桶油当量。公司仍专注于成本降低和运营协同，保持其股息政策，持续支付季度股息。</p>
<p>总之，W&amp;T Offshore 的财报电话会议强调了强劲的运营表现，生产增加和成本管理推动了 EBITDA 的增长。尽管由于会计调整报告了 GAAP 净亏损，但公司的财务和运营定位依然稳健，明确专注于维持增长和提升股东价值。</p>

<p>W&T Offshore 的第三季度财报电话会议显示出强劲的运营表现，生产量增长 6%，达到每日 35,600 桶油当量。公司实现了 8% 的租赁运营费用减少，调整后的 EBITDA 增长 11%，达到 3900 万美元。尽管由于非现金调整导致 GAAP 净亏损，W&T Offshore 的财务状况有所改善，拥有 1.25 亿美元的无限制现金，并将净债务减少至 226 百万美元以下。公司目标是在第四季度继续增长，生产目标为每日 36,000 桶</p>

<p>W&amp;t Offshore ((WTI)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>W&amp;T Offshore（WTI）已举行其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识您的 ETF AI 分析师</h3>
</div><ul>
<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
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<div class="lb-trans"><ul>
<li>了解 TipRanks 的_ETF_ AI 分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对您关注的 ETF 所揭示的见解。</li>
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</div><p>W&amp;T Offshore’s recent earnings call painted a picture of robust operational performance, marked by increased production and cost reduction, leading to EBITDA growth. Despite reporting a GAAP net loss due to noncash adjustments and increased capital expenditures, the company remains financially and operationally well-positioned.</p>
<div class="lb-trans"><p>W&amp;T Offshore 最近的财报电话会议描绘了强劲的运营表现，生产增加和成本降低，推动了 EBITDA 的增长。尽管由于非现金调整和资本支出的增加报告了 GAAP 净亏损，但公司在财务和运营上仍然处于良好位置。</p>
</div><h2>Increased Production</h2>
<div class="lb-trans"><h2>生产增加</h2>
</div><p>W&amp;T Offshore reported a 6% increase in production, reaching 35,600 barrels of oil equivalent per day, which is near the high end of their guidance. This growth highlights the company’s successful strategies in optimizing production levels.</p>
<div class="lb-trans"><p>W&amp;T Offshore 报告生产增加 6%，达到每日 35,600 桶油当量，接近其指导范围的高端。这一增长突显了公司在优化生产水平方面的成功策略。</p>
</div><h2>Cost Reduction</h2>
<div class="lb-trans"><h2>成本降低</h2>
</div><p>The company achieved an 8% reduction in Lease Operating Expenses (LOE), bringing it down to approximately $23 per barrel of oil equivalent. This reflects W&amp;T Offshore’s disciplined approach to cost management, which is crucial in maintaining profitability amidst fluctuating commodity prices.</p>
<div class="lb-trans"><p>公司实现了 8% 的租赁运营费用（LOE）降低，降至每桶油当量约 23 美元。这反映了 W&amp;T Offshore 在成本管理方面的严谨态度，这在波动的商品价格中保持盈利能力至关重要。</p>
</div><h2>EBITDA Growth</h2>
<div class="lb-trans"><h2>EBITDA 增长</h2>
</div><p>Despite facing lower commodity prices, W&amp;T Offshore managed to grow its adjusted EBITDA by 11% quarter-over-quarter, reaching $39 million. This increase underscores the company’s ability to enhance profitability through strategic operational improvements.</p>
<div class="lb-trans"><p>尽管面临商品价格下跌，W&amp;T Offshore 仍成功实现了调整后 EBITDA 环比增长 11%，达到 3900 万美元。这一增长凸显了公司通过战略性运营改善提升盈利能力的能力。</p>
</div><h2>Improved Financial Position</h2>
<div class="lb-trans"><h2>财务状况改善</h2>
</div><p>W&amp;T Offshore strengthened its financial position by increasing unrestricted cash to approximately $125 million and reducing net debt to under $226 million. These measures enhance the company’s financial flexibility and resilience.</p>
<div class="lb-trans"><p>W&amp;T Offshore 通过将无条件现金增加至约 1.25 亿美元，并将净债务降低至 226 百万美元以下，增强了其财务状况。这些措施提升了公司的财务灵活性和抗风险能力。</p>
</div><h2>Successful Asset Integration</h2>
<div class="lb-trans"><h2>成功的资产整合</h2>
</div><p>The integration of former Cox assets and high-return workovers played a significant role in boosting production and cash flow. This strategic move has proven beneficial in enhancing the company’s operational efficiency.</p>
<div class="lb-trans"><p>前 Cox 资产的整合和高回报的修复工作在提升生产和现金流方面发挥了重要作用。这一战略举措在提高公司运营效率方面证明是有益的。</p>
</div><h2>GAAP Net Loss</h2>
<div class="lb-trans"><h2>GAAP 净亏损</h2>
</div><p>The company reported a GAAP net loss, attributed to a noncash increase in the valuation allowance on deferred tax assets. This highlights the impact of accounting adjustments on financial reporting.</p>
<div class="lb-trans"><p>公司报告了 GAAP 净亏损，归因于递延税资产估值准备的非现金增加。这突显了会计调整对财务报告的影响。</p>
</div><h2>Increased Capital Expenditures</h2>
<div class="lb-trans"><h2>资本支出增加</h2>
</div><p>Capital expenditures rose to $22.5 million in Q3 2025, driven by recompletion and facility CapEx work. This increase reflects the company’s investment in sustaining and enhancing its operational capabilities.</p>
<div class="lb-trans"><p>资本支出在 2025 年第三季度上升至 2250 万美元，主要由于重新完工和设施资本支出工作。这一增加反映了公司在维持和增强其运营能力方面的投资。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, W&amp;T Offshore aims to sustain its growth trajectory with a production target of 36,000 barrels of oil equivalent per day for the fourth quarter. The company remains focused on cost reduction and operational synergies, maintaining its dividend policy with consistent quarterly dividends.</p>
<div class="lb-trans"><p>展望未来，W&amp;T Offshore 旨在保持其增长轨迹，第四季度的生产目标为每日 36,000 桶油当量。公司仍专注于成本降低和运营协同，保持其股息政策，持续支付季度股息。</p>
</div><p>In summary, W&amp;T Offshore’s earnings call highlighted a strong operational performance with increased production and cost management leading to EBITDA growth. While a GAAP net loss was reported due to accounting adjustments, the company’s financial and operational positioning remains robust, with a clear focus on sustaining growth and enhancing shareholder value.</p>
<div class="lb-trans"><p>总之，W&amp;T Offshore 的财报电话会议强调了强劲的运营表现，生产增加和成本管理推动了 EBITDA 的增长。尽管由于会计调整报告了 GAAP 净亏损，但公司的财务和运营定位依然稳健，明确专注于维持增长和提升股东价值。</p>
</div>

W&T Offshore 的财报电话会议：在挑战中表现出色