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.
W&T Offshore’s cash flow trends
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.