In Q1 FY2026, W&T Offshore reported revenue of $150.0 million, up 15.5% year-over-year. Net loss narrowed to $22.5 million from $30.6 million a year ago, while operating income surged to $14.6 million. The company ended the quarter with $130.9 million in cash and $351.2 million in long-term debt, and shareholders' equity remained negative at $221.8 million.
•Revenue increased 15.5% YoY to $150.0 million.
•Net loss improved 26.3% to $22.5 million.
•Operating income rose 277.5% to $14.6 million.
•Cash and equivalents stood at $130.9 million; long-term debt was $351.2 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
W&T Offshore, Inc., an independent oil and natural gas producer acquires, explores, and develops oil and natural gas properties in the Gulf of America. The company sells crude oil, condensate, natural gas, liquids, and natural gas liquids, as well as construction, drilling, and production activities necessary to retrieve oil and gas from its natural reservoirs including the acquisition, construction, installation, and maintenance of field gathering and storage systems, such as lifting oil and gas, and gathering, treating, and field processing
Extraction of hydrocarbons, solid, liquid, or gaseous state, oil sands, shale, coalbeds, or other nonrenewable natural resources. Founded in 1983, W&T Offshore is headquartered in Houston, Texas.
W&T Offshore, Inc. is an independent oil and natural gas producer that acquires, explores, and develops oil and natural gas properties in the Gulf of America. The company sells crude oil, condensate, natural gas, natural gas liquids, and other related products. Its operations include construction, drilling, and production activities necessary to retrieve oil and gas from natural reservoirs, as well as the acquisition, construction, installation, and maintenance of field gathering and storage systems. These systems involve lifting oil and gas, gathering, treating, and field processing, along with extraction of hydrocarbons from solid, liquid, or gaseous states, oil sands, shale, coalbeds, or other nonrenewable natural resources.
Where is W&T Offshore (WTI) listed and in which currency?
W&T Offshore, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol WTI. The company trades in United States Dollars (USD), as it is based in the United States and its primary operations are in the Gulf of America. Being listed on the NYSE provides investors with liquidity and access to a major global exchange.
What sector and industry does W&T Offshore (WTI) operate in?
W&T Offshore, Inc. operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. As an independent oil and natural gas producer, the company focuses on acquiring, exploring, and developing oil and natural gas properties. Its activities are centered on the upstream segment of the energy industry, which involves finding and extracting crude oil and natural gas from underground reservoirs.
Where is W&T Offshore (WTI) headquartered and what is its history?
W&T Offshore, Inc. is headquartered in Houston, Texas, United States. The company was founded in 1983, giving it over four decades of experience in the oil and gas industry. Its primary operations are focused in the Gulf of America, a region known for significant oil and natural gas reserves. Houston is a major hub for energy companies, providing access to skilled labor, infrastructure, and industry expertise.
How does W&T Offshore (WTI) generate revenue?
W&T Offshore generates revenue primarily through the sale of crude oil, condensate, natural gas, and natural gas liquids. The company's business model involves acquiring, exploring, and developing oil and natural gas properties in the Gulf of America. It performs construction, drilling, and production activities to retrieve hydrocarbons from natural reservoirs. Additionally, W&T Offshore manages field gathering and storage systems, including lifting, gathering, treating, and field processing. The company also extracts hydrocarbons from various sources such as oil sands, shale, coalbeds, and other nonrenewable natural resources, diversifying its revenue streams within the energy sector.