Q4 25 EPS
$-0.14
MISS 20.69%
Est. $-0.12
Q4 25 Revenue
$121.7M
MISS 0.62%
Est. $122.5M
vs S&P Since Q4 25
-1.7%
TRAILING MARKET
WTI +10.4% vs S&P +12.1%
Full Year 2025 Results
FY 25 EPS
$-0.37
FY 25 Revenue
$501.5M
Market Reaction
Did WTI Beat Earnings? Q4 2025 Results
W&T Offshore closed out the fourth quarter of 2025 with results that fell short on both fronts, posting an adjusted loss of $0.14 per share against a consensus estimate of $0.12, a miss of 20.69%, while revenue of $121.71 million trailed the $122.48 … Read more W&T Offshore closed out the fourth quarter of 2025 with results that fell short on both fronts, posting an adjusted loss of $0.14 per share against a consensus estimate of $0.12, a miss of 20.69%, while revenue of $121.71 million trailed the $122.48 million estimate by 0.62%, though it edged 1.1% higher year-over-year. The central culprit was a sharp decline in realized commodity prices, with the average price per barrel of oil equivalent sliding to $35.88 from $39.86 a year ago, overwhelming an otherwise solid production performance that reached 36.2 MBoe/d, up 13% year-over-year. On a more constructive note, the company's balance sheet continued to improve, with net debt falling by $73.90 million to $210.30 million and cash climbing to $140.56 million, prompting CEO Tracy Krohn to signal readiness for accretive acquisitions; insider share purchases around the time of the report added further color to that confidence. Looking ahead, W&T guided 2026 production at 33.5 to 37.2 MBoe/d with capital expenditures of just $19.50 to $24.50 million, a notably lean spending plan reflecting disciplined capital allocation.
Key Takeaways
- • Production growth to 36.2 MBoe/d in Q4 2025, up 13% year-over-year
- • Completion of all production enhancements from Cox acquisition fields
- • LOE per Boe reduced 4% sequentially to $22.40 per Boe in Q4
- • Capital discipline with $54.8 million total 2025 capex below guidance range
- • Lower realized oil prices partially offset by higher natural gas prices and increased production
- • West Delta 73 alternative pipeline route expected to reduce transportation costs by over $5.75 per barrel
WTI YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
WTI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continue to deliver strong results by executing on our strategic vision, which has allowed us to improve our balance sheet and enhance our financial flexibility. We increased production every quarter in 2025 and had an exit rate in December of approximately 37,000 Boe per day, despite only spending $55 million in capital expenditures and not drilling any new wells.”
— Tracy W. Krohn, Q4 2025 Earnings Press Release
WTI Earnings Trends
WTI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WTI EPS Trend
Earnings per share: estimate vs actual
WTI Revenue Trend
Quarterly revenue: estimate vs actual
WTI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.02 | $-0.15 | -850.00% | $150.0M | +11.50% |
| Q4 25 MISS FY | $-0.12 | $-0.14 | -20.69% | $121.7M | -0.62% |
| FY Full Year | — | $-0.37 | — | $501.5M | — |
| Q3 25 BEAT | $-0.07 | $-0.05 | +29.87% | $127.5M | +0.89% |
| Q2 25 BEAT | $-0.17 | $-0.14 | +17.65% | $122.4M | -5.11% |
| Q1 25 BEAT | $-0.15 | $-0.13 | +13.33% | $129.9M | +4.81% |