Security
W&T Offshore, Inc. · WTI
WTINYSECommon stockCurrentCIK 1288403Updated Oct 8, 2026
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NYSE:WTI on TradingView ↗About the company
W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of June 30, 2026, the Company had working interests in 48 fields in federal and state waters (which include 41 fields in federal waters and seven in state waters). The Company has under lease approximately 591,000 gross acres (457,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 450,000 gross acres on the conventional shelf, approximately 136,000 gross acres in the deepwater and 5,000 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.
In the news
W&T Offshore Announces Timing of Second Quarter 2026 Earnings Release and Conference Call ↗
Recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Items 1.01, 2.03, 7.01, 9.01
SD filing
4 filing
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 955,807,000Source | 1,098,930,000Source | 1,114,005,000Source | 1,431,790,000Source |
| Property, Plant and Equipment, NetUSD | 662,082,000Source | 777,741,000Source | 749,056,000Source | 735,215,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 140,558,000Source | 109,003,000Source | 173,338,000Source | 461,357,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 59,633,000Source | 63,558,000Source | 52,080,000Source | 66,146,000Source |
| Assets, CurrentUSD | 239,269,000Source | 218,458,000Source | 264,980,000Source | 570,263,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 14,543,000Source | 18,504,000Source | 17,447,000Source | 24,343,000Source |
| Operating Lease, Right-of-Use AssetUSD | 11,029,000Source | 10,045,000Source | 10,515,000Source | 10,364,000Source |
| Other Assets, NoncurrentUSD | 30,395,000Source | 31,193,000Source | 38,923,000Source | 47,549,000Source |
| LIABILITIES AND EQUITY | ||||
| Commitments and ContingenciesUSD | 27,440,000Source | 20,800,000Source | 18,043,000Source | 20,357,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,000Source | 2,000Source | 1,000Source | 1,000Source |
| Retained Earnings (Accumulated Deficit)USD | -780,319,000Source | -623,819,000Source | -530,656,000Source | -544,788,000Source |
| Stockholders' Equity Attributable to ParentUSD | -199,752,000Source | -52,577,000Source | 31,192,000Source | 7,634,000Source |
| Additional Paid in Capital, Common StockUSD | 604,732,000Source | 595,407,000Source | 586,014,000Source | 576,588,000Source |
| Liabilities and EquityUSD | 955,807,000Source | 1,098,930,000Source | 1,114,005,000Source | 1,431,790,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 234,279,000Source | 246,084,000Source | 216,852,000Source | 792,334,000Source |
| Operating Lease, Liability, CurrentUSD | 1,765,000Source | 1,522,000Source | 1,455,000Source | 1,628,000Source |
| Accounts Payable, CurrentUSD | 98,406,000Source | 83,625,000Source | 78,857,000Source | 65,158,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,031,000Source | 10,390,000Source | 10,803,000Source | 10,527,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 51,000Source | 72,000Source |
| Other Liabilities, NoncurrentUSD | 15,781,000Source | 16,182,000Source | 19,369,000Source | 59,134,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 39,809,000Source | 33,271,000Source | 31,879,000Source | 74,041,000Source |
| Deferred Tax Liabilities, NetUSD | 1,875,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 8,458,000Source | 27,288,000Source | 29,368,000Source | 582,249,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 342,355,000Source | 365,935,000Source | 361,236,000Source | 111,188,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -150,062,000Source | -87,145,000Source | 15,598,000Source | 231,149,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 116,405,000Source | 143,025,000Source | 114,677,000Source | 107,122,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 12,226,000Source | 10,192,000Source | 10,383,000Source | 7,922,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -5,294,000Source | 19,621,000Source | -14,066,000Source | 11,227,000Source |
| Deferred Income Tax Expense (Benefit)USD | 50,674,000Source | -10,077,000Source | 18,485,000Source | 45,184,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 77,243,000Source | 59,539,000Source | 115,326,000Source | 339,530,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 21,861,000Source | -118,177,000Source | -81,608,000Source | -95,080,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | 535,000Source | 1,894,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -69,039,000Source | -8,562,000Source | -321,737,000Source | -28,892,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 6,006,000Source | 5,902,000Source | 1,466,000Source | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -767,000Source | -798,000Source | -957,000Source | -716,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 30,065,000Source | -67,200,000Source | -288,019,000Source | 215,558,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 140,620,000Source | 110,555,000Source | 177,755,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 35,875,000Source | 40,566,000Source | 42,132,000Source | 71,126,000Source |
| Income Taxes Paid, NetUSD | 607,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 12,226,000Source | 10,192,000Source | 10,383,000Source | 7,922,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 3,371,000Source | 4,562,000Source | 6,980,000Source | 7,551,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 33,381,000Source | 32,374,000Source | 29,018,000Source | 26,508,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 149,786,000Source | 175,399,000Source | 143,695,000Source | 133,630,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 13,593,000Source | 3,589,000Source | 54,759,000Source | -85,533,000Source |
| Gain (Loss) on Sale of DerivativesUSD | 16,256,000Source | 2,879,000Source | -4,087,000Source | -125,089,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -15,015,000Source | — | — | 0Source |
| General and Administrative ExpenseUSD | 79,955,000Source | 82,391,000Source | 75,541,000Source | 73,747,000Source |
| Income Tax Expense (Benefit)USD | 50,927,000Source | -9,985,000Source | 18,345,000Source | 53,660,000Source |
| Net Income (Loss) Attributable to ParentUSD | -150,062,000Source | -87,145,000Source | 15,598,000Source | 231,149,000Source |
| Operating Lease, ExpenseUSD | 298,781,000Source | 281,488,000Source | 257,676,000Source | 224,414,000Source |
| Other Nonoperating Income (Expense)USD | -8,415,000Source | -18,071,000Source | -5,621,000Source | -14,295,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 16,998,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | -2,663,000Source | 710,000Source | 58,846,000Source | 39,556,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 501,462,000Source | 525,261,000Source | 532,656,000Source | 920,997,000Source |
| Operating Income (Loss)USD | -52,803,000Source | -42,194,000Source | 29,494,000Source | 454,078,000Source |
| Other Nonoperating Income (Expense)USD | -8,415,000Source | -18,071,000Source | -5,621,000Source | -14,295,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -99,135,000Source | -97,130,000Source | 33,943,000Source | 284,809,000Source |
| Income Tax Expense (Benefit)USD | 50,927,000Source | -9,985,000Source | 18,345,000Source | 53,660,000Source |
| Net Income (Loss) Attributable to ParentUSD | -150,062,000Source | -87,145,000Source | 15,598,000Source | 231,149,000Source |
| Earnings Per Share, BasicUSD per share | -1.01Source | -0.59Source | 0.11Source | 1.61Source |
| Earnings Per Share, DilutedUSD per share | -1.01Source | -0.59Source | 0.11Source | 1.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 148,207,000Source | 147,133,000Source | 146,483,000Source | 143,143,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 148,207,000Source | 147,133,000Source | 148,302,000Source | 145,090,000Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 554,265,000Source | 567,455,000Source | 503,162,000Source | 466,919,000Source |
| Current Income Tax Expense (Benefit)USD | 253,000Source | 92,000Source | -140,000Source | 8,476,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 13,593,000Source | 3,589,000Source | 54,759,000Source | -85,533,000Source |
| General and Administrative ExpenseUSD | 79,955,000Source | 82,391,000Source | 75,541,000Source | 73,747,000Source |
| Interest ExpenseUSD | — | — | 44,689,000Source | 69,441,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -36,495,000Source | -40,454,000Source | — | — |
| Operating Lease, ExpenseUSD | 298,781,000Source | 281,488,000Source | 257,676,000Source | 224,414,000Source |
Filing attachments
tm2627061d1_ex99-1.htm · 8-K · 2026-10-07
Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Completes Conversion of Revolving Credit Facility to Reserve-Based Lending Structure, Enhancing Financial Flexibility Eliminates cash sweep, quarterly clean-down and asset coverage test; increases restricted payments capacity 50% to $15 million with no change to pricing or financial covenants and no amendment fees HOUSTON, October 7, 2026 - W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that on Octobe…
Read attachment ↗wti-20260805xex99d1.htm · 8-K · 2026-08-05
EX-99.1 2 wti-20260805xex99d1.htm EX-99.1 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces Second Quarter 2026 Results and Declares Dividend for Third Quarter of 2026 HOUSTON, August 5, 2026 - W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the second quarter of 2026 and declared a third quarter 2026 dividend of $0.01 per share. This press release includes non-G…
Read attachment ↗wti-20260507xex99d1.htm · 8-K · 2026-05-07
EX-99.1 2 wti-20260507xex99d1.htm EX-99.1 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces First Quarter 2026 Results and Declares Dividend for Second Quarter of 2026 HOUSTON, May 7, 2026 - W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the first quarter of 2026 and declared a second quarter 2026 dividend of $0.01 per share. This press release includes non-GAAP…
Read attachment ↗wti-20260316xex99d1.htm · 8-K · 2026-03-16
EX-99.1 2 wti-20260316xex99d1.htm EX-99.1 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces Final Fourth Quarter and Full Year 2025 Results, Including Year-End 2025 Proved Reserves and Provides Guidance for 2026 HOUSTON, March 16, 2026 - W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported final operational and financial results for the fourth quarter and full year 2025, including the Company’s year-end 2…
Read attachment ↗wti-20251231xex99d1.htm · 10-K · 2026-03-16
January 22, 2026 Mr. Matthew W. McFarland W&T Offshore, Inc. 5718 Westheimer Road, Suite 700 Houston, Texas 77057 Dear Mr. McFarland: In accordance with your request, we have estimated the proved reserves and future revenue, as of December 31, 2025, to the W&T Offshore, Inc. (W&T) interest in certain oil and gas properties located in state waters offshore Alabama, Louisiana, and Texas and in federal waters in the Gulf of America. We completed our evaluation on or about the date of this let…
Read attachment ↗tm268322d1_ex99-1.htm · 8-K · 2026-03-09
EX-99.1 2 tm268322d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Preliminary Estimated Financial Information Year Ended December 31, 2025 HOUSTON, March 9, 2026 - W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today announced preliminary estimated unaudited financial results for the fourth quarter and full year ended December 31, 2025. The Company is filing this exhibit to the Current Report on Form 8-K to provide preliminary estimated financial information for the year ende…
Read attachment ↗