W&T Offshore Inc (WTI) News & EventsWTIW&T Offshore Inc

W&T Reports Q3 Revenue of $167.08M

Reports Q3 revenue $167.08M, consensus $144.49M. Tracy W. Krohn, W&T's Chairman of the Board and Chief Executive Officer, commented, "We continue to deliver strong operational results that are enhancing our financial results. In the third quarter of 2026, we increased production to 38.2 Mboe/d, with lease operating expenses slightly below the midpoint of guidance. The first nine months of 2026 have led to some outstanding results, where we have generated Adjusted EBITDA of $164 million, Free Cash Flow of $89 million and we have increased our cash on hand to almost $200 million. We have already generated more Adjusted EBITDA in the first nine months of 2026 than we did for the full year 2025 or full year 2024."

Company Expects 2026 Capital Expenditures of $35.0 to $38.0 Million

The company said, "Full year 2026 capital expenditures are now expected to be in the range of $35.0 to $38.0 million as a result of pulling forward 2027 capital projects to the fourth quarter to capitalize on higher commodity prices. The benefits to production from these expenditures are expected to be realized over the first half of 2027."

W&T Reports $110M Adjusted EBITDA in H1 2026

Reports Q2 revenue $162.62M, consensus $155.79M. Tracy W. Krohn, W&T's Chairman of the Board and Chief Executive Officer, commented, "The second quarter of 2026 was another successful quarter of operational and financial results, with Adjusted EBITDA of $54.4 million, and Free Cash Flow of $31.4 million. In the first half of 2026, we generated almost $110 million of Adjusted EBITDA, and over $50 million in Free Cash Flow, all while decreasing our Net Debt position. We continue to strengthen our balance sheet, while adding financial flexibility that should allow us to continue to evaluate accretive acquisition opportunities. Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to grow reserves and production over the past 40 years."