W&T Offshore Inc. has released its financial results for the three months ended March 31, 2025. The company reported total revenues of $129.9 million, compared to $120.3 million in the previous quarter ending December 31, 2024. This marks an increase from the same period in the previous year, where revenues were $140.8 million. The net loss for the first quarter of 2025 was recorded at $0.21 per share, compared to a net loss of $0.16 per share in the last quarter of 2024, and a net loss of $0.08 per share in the first quarter of 2024. In terms of sales volumes, oil sales were 1.23 million barrels, which is a decrease from the previous quarter's 1.26 million barrels and significantly down from 1.4 million barrels in the same period last year. Natural gas sales stood at 7.88 billion cubic feet, a decrease from 8.51 billion cubic feet in the previous quarter and 8.73 billion cubic feet in the first quarter of the previous year. W&T Offshore continues to focus on operational efficiencies and cost management amid fluctuating market conditions. The company also provides non-GAAP financial measures such as Adjusted EBITDA and Free Cash Flow to offer a clearer view of its financial health and operational performance.
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