uploads///WTI Q Pre Cash Flow

Chart in Focus: W&T Offshore’s Cash Flow Estimates


Feb. 24 2017, Updated 10:37 a.m. ET

W&T Offshore’s cash flow estimates

Wall Street analysts expect W&T Offshore (WTI) to report cash flow of ~$37 million (or $0.29 per share) in 4Q16, higher than the -$2 million reported in 4Q15. W&T Offshore’s estimated 4Q16 cash flow is also higher than the ~$2 million reported in 3Q16.

W&T Offshore expects its 4Q16 capital expenditure to be around $35 million, which means that W&T Offshore’s 4Q16 free cash flow will be positive.

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W&T Offshore’s cash flow trends

As shown in the above chart, W&T Offshore’s cash flow started to fall in 1Q15 when crude oil (USO) and natural gas (UNG) prices peaked. In 2015 and 2016, W&T Offshore reported lower cash flow than before. In 4Q15, W&T Offshore reported its lowest-ever cash flow of approximately -$2 million.

Other upstream players

Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies have reported lower cash flow year-over-year. EOG Resources (EOG) and Range Resources (RRC) reported cash flow of $1.39 per share and $0.18 per share, respectively, in 3Q16. Next, we’ll look at lease operating expenses.


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