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W&T Offshore, Inc.

W&T Offshore, Inc.

NYSE•WTI
CEO: Mr. Tracy W. Krohn
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 2005-01-28
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
Contact Information
5718 Westheimer Road, Suite 700, Houston, TX, 77057-5745, United States
713-626-8525
www.wtoffshore.com
Market Cap
$269.29M
P/E (TTM)
-1.8
17.6
Dividend Yield
2.2%
52W High
$2.59
52W Low
$1.09
52W Range
48%
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$127.52M+5.06%
4-Quarter Trend

EPS

-$0.48+92.00%
4-Quarter Trend

FCF

$4.74M-7.54%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Debt Refinancing Completed Issued $350.0M in 10.75% Notes in January 2025, successfully refinancing and repaying older debt obligations.
Capital Expenditures Reduced Capital expenditures totaled $42.16M for nine months 2025, a significant reduction from $101.96M spent in the prior year period.
Strong Liquidity Position Unrestricted cash reached $124.8M as of September 30, 2025, with $50.0M available under the new Credit Facility.
Derivative Monetization Gain Realized $11.9M gain during nine months 2025 from monetizing natural gas put contracts and costless collar arrangements.

Risk Factors

Revenue Impact from Prices A hypothetical 10% decline in realized prices estimates $37.2M revenue decrease for the nine months ended September 30, 2025.
Widening Net Loss Net loss for nine months 2025 was $(122.94M), substantially worse than the $(63.78M) loss reported in the comparable prior period.
Contingent ARO Liabilities Asset Retirement Obligation accrual increased $13.7M after reassessment, driven by contingent decommissioning obligations from past transactions.
Surety Collateral Demands Aggregate collateral demands from surety entities totaled approximately $254M, posing potential future liquidity stress if required.

Outlook

Future Capex Guidance Expects to incur an additional $18.0M to $24.0M in capital expenditures for the remainder of 2025, excluding acquisitions.
Credit Facility Compliance Maintained compliance with all applicable covenants under the Credit Agreement as of September 30, 2025, including leverage ratios.
EIA Price Forecast EIA forecasts oil prices falling to an average of $58.00 per barrel for Q4 2025, impacting future revenue expectations.
Sufficient Liquidity Expected Cash on hand and access to the at-the-market equity program are expected to meet cash requirements for at least 12 months.

Peer Comparison

Revenue (TTM)

JinkoSolar Holding Co., Ltd.JKS
$10.44B
-32.7%
Forum Energy Technologies, Inc.FET
$790.27M
-1.3%
Oil States International, Inc.OIS
$655.35M
-11.0%

Gross Margin (Latest Quarter)

SandRidge Energy, Inc.SD
67.2%
+36.6pp
Natural Gas Services Group, Inc.NGS
59.5%
-0.0pp
Obsidian Energy Ltd.OBE
53.1%
-10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SD$538.00M8.113.9%0.2%
FET$498.75M-4.4-36.3%29.2%
OIS$488.72M19.83.5%12.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 2, 2026
|
EPS:-$0.06
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $127.52M+5.1%
    |
    EPS: $-0.48+92.0%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $122.37M-14.3%
    |
    EPS: $-0.14+40.0%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $129.87M-7.8%
    |
    EPS: $-0.21+168.9%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 4, 2025|
    Revenue: $525.26M-1.4%
    |
    EPS: $-0.59-636.4%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $121.37M-14.8%
    |
    EPS: $-0.25-1812.3%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $142.76M+13.1%
    |
    EPS: $-0.10+20.9%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $140.79M+6.9%
    |
    EPS: $-0.08-143.4%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 6, 2024|
    Revenue: $532.66M-42.2%
    |
    EPS: $0.11-93.2%
    Beat