W&T Offshore, Inc.

WTI

$3.89

+1.30%

2026-09-03 16:00:03 EDT+$0.05

Energy

Oil & Gas Exploration & Production

NYSE

Active Trading

W&T Offshore, Inc. operates as an independent energy producer, primarily focused on the identification, acquisition, and development of crude oil and natural ...

Price Action of WTI

$3.89

+1.30%+$0.05

High—

Low—

52W High-23.1%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

W&T Offshore, Inc. (NYSE: WTI) is an independent energy producer primarily focused on the identification, acquisition, and development of crude oil and natural gas assets in the Gulf of Mexico. As of December 31, 2021, the company held operational interests in 43 fields, with approximately 606,000 gross acres, including 419,000 ...W&T Offshore, Inc. (NYSE: WTI) is an independent energy producer primarily focused on the identification, acquisition, and development of crude oil and natural gas assets in the Gulf of Mexico. As of December 31, 2021, the company held operational interests in 43 fields, with approximately 606,000 gross acres, including 419,000 on the Shelf and 187,000 in deepwater. It markets crude oil, natural gas liquids (NGLs), and natural gas. Founded by Tracy W. Krohn in 1983 with $12,000, the company has grown through a combination of acquisitions, exploration, and strategic development. As CEO and Chairman, Krohn has led the company for over four decades. The company is headquartered at 5718 Westheimer Road in Houston, Texas, and employs around 370 full-time staff. Financial metrics: market capitalization around $510 million, enterprise value $713 million, revenue per share $3.75, net margin -19.3%, and dividend yield ~1.2%. Despite challenges in the offshore sector, W&T has maintained operations with a focus on cost management and technological innovation. Key services include full-cycle project management, from seismic data interpretation to production. With a debt-to-equity ratio negative due to negative equity, the company leverages operational cash flow, yet its long-term debt stands at significant levels. The company aims to maximize shareholder returns through prudent capital investment and operational efficiencies, while navigating commodity price volatility and regulatory requirements. As part of its strategy, W&T continues to optimize its asset portfolio, focusing on high-margin opportunities in the Gulf of America.ExpandCollapse

Founded

1983

Employees

370

CEO

Tracy W. Krohn

Full Name

W&T Offshore, Inc.

Sector

Energy

Industry

Oil & Gas Exploration & Production

ROE

54.96%

Market Cap

$0.58B

Current Ratio

1.17

WACC

6.78%

ROIC

-2.77%

Contact Information

https://www.wtoffshore.com

713 626 8525

5718 Westheimer Road, Houston, TX 77057-5745

Key Metrics of WTI

Snapshot

Latest / TTM · 6 periods

Market Cap

$578.75M

ROCE

0.8%

EV / EBITDA

6.61x

+8.1% YoY

FCF Yield

6.5%

-5.0% YoY

Cash Conversion Cycle

-33.8d

Current Ratio

1.17

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of WTI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

38.7%

Net Margin

-19.3%

P/E Ratio

-5.33x

n/a

Debt / Equity

-1.80

n/a

Current Ratio

1.17

Dividend Yield

1.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of WTI

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.06 · Revenue $136.40M · 2 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.01 · Revenue $138.60M · 2 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.08 · Revenue $580.40M · 3 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $-0.01 · Revenue $137.45M · 1 analysts

Recent history

Aug 26, 2026
Dividend payment
$0.04 per share
Aug 19, 2026
Ex-dividend date
$0.04 per share
Aug 5, 2026
Q2 FY2026 · Results reported
EPS $0.08 · Revenue $162.62M
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $-0.15 · Revenue $150.02M
View filing
Mar 16, 2026
FY2025 · Annual results
EPS $-1.01 · Revenue $501.46M
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $-0.48 · Revenue $127.52M
View filing

Financial Statements of WTI

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$501.5M	-4.5%	+8.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-150.1M	-72.2%	+155.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+71.7%	+6.3%	+97.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-10.5%	-31.1%	+42.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-29.9%	-80.4%	+151.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$27.8M	+147.3%	+411.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+5.5%	+149.6%	+386.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-175.6%	+76.6%	-13.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.02x	+15.0%	+17.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$955.8M	-13.0%	+0.0%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-1.01 vs -0.49	-104.0%	0.08 vs -0.06	+237.7%
Revenue Surprise	$501.5M vs $507.4M	-1.2%	$162.6M vs $136.4M	+19.2%

Insider Transactions of WTI

Acquisitions (A)

Since Aug 8, 2026

Disposals (D)

Since Aug 8, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 8, 2026	Gamblin Huan	officer: EVP & Chief Technical Officer	Common Stock	A	8,312	—
Aug 8, 2026	Gamblin Huan	officer: EVP & Chief Technical Officer	Common Stock	D	3,271	$3.43
Aug 8, 2026	Gamblin Huan	officer: EVP & Chief Technical Officer	Restricted Stock Units	D	8,312	—
Aug 8, 2026	Williford William J	officer: EVP & Chief Operating Officer	Common Stock	A	56,075	—
Aug 8, 2026	Williford William J	officer: EVP & Chief Operating Officer	Common Stock	D	22,066	$3.43

Earnings Call Transcript of WTI

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore Second Quarter 2026 Conference Call. [Operator Instructions] This conference is being recorded, and a replay will be made available on the company's website following the call. I would now like to turn the conference over to Al Petrie, Investor Relations Coordinator. Please go ahead. Al Petrie: Thank you, Danielle. And on behalf of the management team, I would like to welcome all of you to today's conference call to review W&T Offshore's Second Quarter 2026 Financial and Operational Results. Before we begin, I'd like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause W&T's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures. With that, I would like to turn the call over to Tracy Krohn, our Chairman and CEO. Tracy Krohn: Thanks, Al. Good morning, everyone, and welcome to our conference call. With me today are William Wilford, our Executive VP and Chief Operating Officer; Sameer Parasnis, our Executive VP and Chief Financial Officer; and Trey Hartman, our Vice President and Chief Accounting Officer. We're all available to answer questions after our prepared remarks. So we've delivered consistently strong operational and financial results over the past 43 years. I'm very pleased to report that our Q2 results continued this positive trend, and we are in a much stronger financial position heading into the second half of 2026. The second quarter delivered net income of $12.6 million, or $0.08 per share, and over $54 million in adjusted EBITDA. That's in line with the first quarter and in the first half of 2026, we generated almost $110 million. In the second quarter, we also increased our free cash flow by 50% compared to Q1 2026 to $31 million. We've now amassed over $52 million in free cash flow in the first half of 2026. This has enabled us to increase our cash on hand to over $150 million, driving our net debt down to $200 million. So on a 12-month trailing basis, our net debt to adjusted EBITDA is down to 1.2x, and assuming sustained margin levels into the second half of 2026, this should continue to go down and potentially be under 1x at year-end 2026. These strong financial results are driven by our operational focus with a particular emphasis on optimizing and maintaining solid production, while continuing to manage costs prudently. So in quarter 2, our production was 34,700 barrels of oil equivalent per day at the midpoint of guidance, and up 3% from the same period in 2025. So despite no new drilling and no new acquisitions. This solid quarter results start with our ability to maintain strong …

Leadership Team of WTI

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Tracy W. Krohn	Founder, Chairman, Chief Executive Officer & President	USD 1,865,898	Male	1955	Active
Sameer Parasnis	Executive Vice President & Chief Financial Officer	USD 976,885	Male	1975	Active
William J. Williford	?Executive Vice President & Chief Operating Officer	USD 946,870	Male	1973	Active
Huan Gamblin	Executive Vice President & Chief Technical Officer	USD 855,425	Male	1983	Active
George J. Hittner	Executive Vice President, General Counsel & Corporate Secretary	USD 854,104	Male	1979	Active
Al Petrie	Investor Relations Coordinator	—	Male	—	Active
Alvin T. Haynes	Vice President, Chief Information Officer & Chief Information Security Officer	—	Male	—	Active
W. Allen Tate	Senior Vice President of Marketing	—	Male	—	Active
Todd E. Grabois	Vice President & Treasurer	—	Male	1960	Active
Kristen Ecklund	Vice President of Human Resources	—	Female	—	Active
Bart Hartman	Vice President & Chief Accounting Officer	—	Male	1975	Active

Recent News of WTI

FXEmpire8/19/2026Neutral

Natural Gas and Oil Forecast: Hormuz Risks Persist as WTI and Brent Hold Gains

WTI and Brent hold their recoveries as Hormuz export uncertainty persists, while ample U.S. production keeps natural gas supply comfortable.

FXEmpire8/18/2026Neutral

Crude Oil Price Forecast – WTI and Brent Chop as Strait of Hormuz Standoff Continues

Crude oil continues to move on each headline as the Middle East is still front and center as far as global concerns rank, with rates continuing to be an issue as well.

FXEmpire8/17/2026Neutral

Crude Oil Forecast – WTI Eyes $93 Bull Flag Target as Brent Threatens $90 Barrier

The crude oil market initially pulled back a bit after gapping higher on Monday before pulling back, only to be thrown higher by headlines again.

FXEmpire8/17/2026Neutral

Natural Gas and Oil Forecast: WTI Holds $81 as Hormuz Shipping Risks Intensify

Oil markets balance slowing Hormuz shipping against weaker global demand as WTI and Brent consolidate while natural gas breaks key support.

FXEmpire8/16/2026Neutral

Oil News: Can WTI and Brent Extend Gains as Hormuz Attacks Widen Supply Risk?

WTI and Brent rallied as Hormuz tanker attacks, an indefinite Iran blockade threat and a Russian export outage rebuilt oil's supply premium.

Historical Employee Count of WTI

Current

370

Change

-7.50%

Minimum

323

Maximum

400

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	370	10-K	Mar 16, 2026	View
Dec 31, 2024	400	10-K	Mar 4, 2025	View
Dec 31, 2023	395	10-K	Mar 6, 2024	View
Dec 31, 2022	365	10-K	Mar 8, 2023	View
Dec 31, 2021	323	10-K	Mar 9, 2022	View

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W&T Offshore, Inc.