W&T Offshore (WTI) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

W&T Offshore delivered a better-than-feared third quarter, posting an adjusted loss of $0.05 per share against a consensus estimate of $0.07, a 29.87% beat, while revenue of $127.52 million edged past expectations by 0.89% and climbed 5.1% year-over-… Read more W&T Offshore delivered a better-than-feared third quarter, posting an adjusted loss of $0.05 per share against a consensus estimate of $0.07, a 29.87% beat, while revenue of $127.52 million edged past expectations by 0.89% and climbed 5.1% year-over-year. The real story behind the outperformance was a 15% year-over-year surge in production to 35.6 MBoe/d, fueled by the ongoing integration of Cox acquisition fields and a disciplined workover program that allowed the company to spread fixed costs across higher volumes, driving lease operating expenses down 8% on a per-unit basis to $23.27/Boe. A $59.90 million non-cash deferred tax valuation allowance inflated the GAAP net loss to $71.47 million, obscuring an adjusted EBITDA of $39.05 million that grew 11% sequentially. Looking ahead, W&T guided Q4 production at 34.2 to 37.9 MBoe/d and raised full-year capital expenditure guidance to $57 to $63 million, partly to fund pipeline investments expected to trim future transportation costs, with roughly $125 million in cash available to pursue additional acquisitions.