How did WTI's Q1 2024 EPS outperform forecasts?

W&T Offshore's (WTI) Q1 2024 EPS outperformed forecasts by a small margin, as the company reported an EPS of $0.02, which was slightly higher than the forecasted EPS of $0.01. This positive surprise could be attributed to factors such as operational efficiencies, cost management, or favorable market conditions. However, it is important to note that WTI's revenue for the quarter was below expectations, which may have offset the positive impact of the EPS outperformance.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|WTI|WTI.N|W&T Offshore|2024 Q1|-0.03|-0.08|169|
|WTI|WTI.N|W&T Offshore|2024 Q2|-0.02|-0.1|169|
|WTI|WTI.N|W&T Offshore|2024 Q3|0.02|-0.25|169|
|WTI|WTI.N|W&T Offshore|2024 Q4|0.02||169|