W&T Offshore (WTI -10%) shares slide after reporting Q1 earnings and revenues that trailed...

|By:, SA News Editor

W&T Offshore (WTI -10%) shares slide after reporting Q1 earnings and revenues that trailed analyst estimates for the first time in 10 quarters on lower natural gas prices and higher costs. WTI, one of the few mid-cap explorers focusing on the Gulf of Mexico, backed its capital budget of $425M.