W&T Offshore
Produces oil, NGLs, and natural gas from offshore Gulf fields.
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Profile
Runs a single Gulf offshore E&P business that acquires, develops, and produces oil, NGLs, and natural gas. Revenue follows commodity prices, while operations are concentrated in mature offshore fields shaped by weather, infrastructure access, reserve replacement, decommissioning obligations, and BOEM oversight.
Acquires, develops, and produces oil, NGLs, and natural gas through a single reportable offshore production business. The portfolio is concentrated in Gulf of America fields across conventional shelf, deepwater, and Alabama state waters, with revenue coming from commodity sales rather than branded products.
Operations emphasize mature-field acquisition, production enhancement, and technical Gulf execution. Repeated property purchases include recent Cox shallow-water fields that were brought online after production-enhancement work.
Revenue and cash flow follow oil, NGL, and natural gas prices. The operating base depends on Gulf weather, third-party pipelines and processing, reserve replacement, offshore permits, BOEM financial assurance, and end-of-life plugging, removal, and restoration obligations.
Company facts
Key statistics
Year to date +122% · Average volume (30d) 3.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jul 21, 2026 | Roth Capital | Target | $4.25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.04 | $0.02 | −42.9% | $157.5M | $162.6M | +3.3% | +2.77% |
| May 7, 2026Q1 FY26 | $0.02 | −$0.15 | −850.0% | $138.4M | $150.0M | +8.4% | −2.88% |
| Mar 16, 2026Q4 FY25 | −$0.09 | −$0.14 | −55.6% | $124.2M | $121.7M | −2.0% | +0.65% |
| Nov 5, 2025Q3 FY25 | −$0.12 | −$0.05 | +58.3% | $115.4M | $127.5M | +10.5% | −1.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $129.9M | $122.4M | $127.5M | $121.7M | $150.0M | $162.6M | |
| Gross profit | $91.3M | $4.8M | $8.9M | $84.5M | $39.5M | $84.5M | |
| Operating income | −$8.2M | −$12.9M | −$12.6M | −$19.1M | $14.6M | $22.6M | |
| Net income | −$30.6M | −$20.9M | −$71.5M | −$27.1M | −$22.5M | $12.6M | |
| Diluted EPS | −$0.21 | −$0.14 | −$0.48 | −$0.18 | −$0.15 | $0.08 | |
| Gross margin | 70.3% | 3.9% | 7.0% | 69.4% | 26.3% | 52.0% | |
| Operating margin | -6.3% | -10.5% | -9.9% | -15.7% | 9.8% | 13.9% |
Fiscal years (4-quarter sums)FY21 $558.0M · FY22 $921.0M · FY23 $532.7M · FY24 $525.3M · FY25 $501.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $150.7M · Total debt $353.4M · Total assets $959.5M · Shareholders' equity −$196.2M
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Aug 26 | $0.01 | |
| May 21, 2026 | May 21 | May 28 | $0.01 | |
| Mar 19, 2026 | Mar 19 | Mar 26 | $0.01 | |
| Nov 19, 2025 | Nov 19 | Nov 26 | $0.01 | |
| Aug 18, 2025 | Aug 18 | Aug 25 | $0.01 | |
| May 20, 2025 | May 20 | May 27 | $0.01 | |
| Mar 17, 2025 | Mar 17 | Mar 24 | $0.01 | |
| Nov 21, 2024 | Nov 21 | Nov 29 | $0.01 |
Ownership
Shares outstanding 148.78M · Float 97.28M · 65.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.27M | 5.56% | 13F | Aug 7, 2026 |
| D. E. Shaw & Co., Inc. | 6.23M | 4.19% | 13F | Aug 14, 2026 |
| Goldman Sachs Group Inc | 5.00M | 3.36% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 4.34M | 2.91% | 13F | Aug 13, 2026 |
| Acadian Asset Management LLC | 4.21M | 2.83% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 14, 2026 | Virginia Boulet | director | −60,000 | $3.54 |
| Jul 14, 2026 | Huan Gamblin | officer: EVP & Chief Technical Officer | −30,000 | $3.55 |
| Jul 14, 2026 | Bart P. III Hartman | officer: VP & Chief Accounting Officer | −6,000 | $3.54 |
| Jul 14, 2026 | George Hittner | officer: EVP, GC & Corporate Secretary | −30,000 | $3.53 |
| Jul 14, 2026 | Sameer Parasnis | officer: EVP & Chief Financial Officer | −30,000 | $3.56 |
Peers
- Talos Energy
Pure-play offshore E&P overlap in Gulf fields and leases
- Murphy Oil
Gulf offshore oil production and lease-sale overlap
- Kosmos Energy
Deepwater Gulf production with shared oil-weighted exposure
- Shell (ADR)
Major Gulf deepwater operator and ADR-listed scale rival
- BP (ADR)
ADR-listed major with active Gulf project and production overlap
- Chevron
Large NYSE upstream peer in Gulf deepwater leases and production
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| W&T Offshore | $3.60 | +0.84% | $531.1M | — | — | 0.9 | +32.9% |
| Talos Energy | $16.67 | 0.00% | $2.78B | — | 18.8 | 1.4 | +56.5% |
| Murphy Oil | $35.63 | 0.00% | $5.11B | 17.6 | 14.0 | 1.7 | +35.9% |
| Kosmos Energy | $2.76 | +0.17% | $1.34B | — | 7.3 | 0.8 | +56.8% |
| Shell (ADR) | $91.47 | +0.63% | $253.47B | 10.0 | 9.2 | 0.8 | +44.7% |
| BP (ADR) | $42.30 | +0.38% | $110.54B | 21.1 | 8.3 | 0.5 | +46.5% |
| Chevron | $204.35 | +1.24% | $402.06B | 19.4 | 13.2 | 1.9 | +57.9% |
| Median | 18.5 | 11.2 | 1.1 | +51.5% |