Friday 6 November 2026
Export WTI’s income statement to Excel — free account
W&T Offshore, Inc.
WTI Energy Oil & Gas E&P
W&T Offshore, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $501.5 million, down 4.53% from fiscal 2024.
- Revenue
- +31.0%
- EPS
- +81.3%
- Free cash flow
- +500.9%
- Total debt
- +0.44%
Quarter to September 2026, against a year earlier
3.10
0.02
−0.64%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 400 | 487 | 581 | 535 | 347 | 558 | 921 | 533 | 525 | 501 | 601 | +2.5% | 602 | 575 | 614 | +7.0% | |
| Gross margin, % | 55.69 | 65.94 | 69.44 | 60.22 | 46.97 | 63.71 | 71.82 | 46.70 | 41.05 | 35.28 | 46.40 | (20.4) pt | ||||||
| EBT | (292) | 67 | 249 | (1) | 8 | (50) | 285 | 34 | (97) | (99) | (47) | (11.3%) | ||||||
| EBT margin, % | (73.10) | 13.78 | 42.94 | (0.21) | 2.20 | (8.88) | 30.92 | 6.37 | (18.49) | (19.77) | (7.82) | +53.3 pt | ||||||
| Net income | (249) | 80 | 249 | 74 | 38 | (41) | 231 | 16 | (87) | (150) | (51) | (5.5%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 4.18 | 3.54 | 4.18 | 3.80 | 2.45 | 3.92 | 6.43 | 3.64 | 3.57 | 3.38 | 3.96 | (2.3%) | |||||
| Earnings | (2.60) | 0.56 | 1.72 | 0.52 | 0.26 | (0.29) | 1.61 | 0.11 | (0.59) | (1.01) | (0.34) | (10.0%) | ||||||
| Cash flow | 0.15 | 1.16 | 2.31 | 1.65 | 0.77 | 0.94 | 2.37 | 0.79 | 0.40 | 0.52 | 0.65 | +15.0% | ||||||
| Capex | (0.86) | (0.78) | (0.37) | (2.32) | (0.15) | (0.23) | (0.66) | (0.56) | (0.80) | (0.25) | (0.24) | (12.7%) | ||||||
| Free cash flow | (0.71) | 0.38 | 1.95 | (0.67) | 0.62 | 0.71 | 1.71 | 0.23 | (0.40) | 0.27 | 0.41 | n/m | ||||||
| Book value | (6.89) | (4.17) | (2.34) | (1.77) | (1.47) | (1.74) | 0.05 | 0.21 | (0.36) | (1.35) | (1.25) | (16.6%) | ||||||
| Shares, m | 96 | 138 | 139 | 141 | 142 | 142 | 143 | 146 | 147 | 148 | 150 | +5.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 6.64 | 2.40 | 10.90 | 8.04 | 0.00 | 3.17 | 29.06 | 0.00 | 0.00 | 0.00 | 6.0 | |||||
| P/S | 0.68 | 1.05 | 0.99 | 1.46 | 0.89 | 0.82 | 0.79 | 0.89 | 0.47 | 0.48 | 0.79 | 0.9 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 95.07 | 15.22 | 0.00 | 0.00 | 0.00 | 11.0 | ||||||
| EV/Sales | 3.06 | 2.88 | 2.41 | 2.75 | 2.56 | 1.68 | 1.04 | 1.29 | 1.00 | 0.90 | 1.05 | 2.0 | ||||||
| EV/FCF | (17.93) | 26.86 | 5.16 | (11.75) | 10.17 | 9.31 | 3.90 | 20.39 | (8.99) | 11.39 | 10.31 | 4.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 14 | 159 | 322 | 232 | 109 | 134 | 340 | 115 | 60 | 77 | 98 | +20.7% | |||||
| Capex | (82) | (107) | (51) | (326) | (21) | (33) | (95) | (82) | (118) | (38) | (37) | (8.4%) | ||||||
| Free cash flow | (68) | 52 | 271 | (94) | 87 | 101 | 244 | 34 | (59) | 40 | 62 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (11) | 22 | 40 | (48) | (8) | 34 | (222) | 48 | (28) | 5 | 74 | n/m | |||||
| Net debt | 950 | 893 | 600 | 690 | 582 | 481 | 228 | 213 | 283 | 210 | 161 | (15.4%) | ||||||
| Shareholders’ equity | (659) | (574) | (325) | (249) | (208) | (247) | 8 | 31 | (53) | (200) | (190) | (12.4%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (24.44) | 8.80 | 27.23 | 8.00 | 3.89 | (3.89) | 17.61 | 1.23 | (7.88) | (14.61) | (5.20) | +9.8 pt | |||||
| ROIC | (70.89) | 21.51 | 56.05 | 16.81 | 0.13 | 50.77 | 120.61 | 7.55 | (11.46) | (316.08) | 0.00 | (245.2) pt | ||||||
| ROE | 42.01 | (12.40) | (53.23) | (25.81) | (16.51) | 18.21 | (192.99) | 80.35 | 815.01 | 118.94 | 28.00 | +76.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 302 | 298 | 282 | 291 | 303 | 323 | 365 | 395 | 400 | 370 | — | +2.3% | |||||
| Revenue/emp, $m | 1.32 | 1.63 | 2.06 | 1.84 | 1.14 | 1.73 | 2.52 | 1.35 | 1.31 | 1.36 | — | +0.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
W&T Offshore, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TXO TXO Partners LP | $703.1M | — (loss-making) | 175× | −45.39% (below 0%: shrinking) | n/m | +116.23% (above 0%: growing) | 20.37% | (70.05%) | Compare |
| VTS Vitesse Energy, Inc. | $632.0M | — (loss-making) | — (loss-making) | +23.00% (above 0%: growing) | n/m | −177.32% (below 0%: shrinking) | 100.00% | 19.69% | Compare |
| OBE Obsidian Energy | $616.6M | 29.9× | 10.0× | +58.90% (above 0%: growing) | +187.50% (above 0%: growing) | −143.71% (below 0%: shrinking) | 71.83% | 32.07% | Compare |
| GRNT Granite Ridge Resources, Inc. | $616.0M | — (loss-making) | 22.0× | +57.28% (above 0%: growing) | n/m | +3,014.06% (above 0%: growing) | 100.00% | 33.44% | Compare |
| GPRK Geopark Ltd | $592.5M | 6.1× | 11.7× | +19.65% (above 0%: growing) | n/m | +168.34% (above 0%: growing) | 62.98% | 28.48% | Compare |
| EGY Vaalco Energy Inc | $565.9M | — (loss-making) | 42.9× | +39.50% (above 0%: growing) | +387.50% (above 0%: growing) | −8.36% (below 0%: shrinking) | 100.00% | 32.25% | Compare |
| WTI W&T Offshore, Inc. | $483.3M | — (loss-making) | — (loss-making) | +31.03% (above 0%: growing) | n/m | +500.93% (above 0%: growing) | 48.50% | 7.08% | |
| SD SandRidge Energy, Inc. | $467.9M | 4.8× | 2.6× | +36.65% (above 0%: growing) | +88.64% (above 0%: growing) | −1,487.73% (below 0%: shrinking) | 73.64% | 28.91% | Compare |
| FTW Presidio Production Company | $312.2M | — | — | — | — | — | — | — | Compare |
| Median of peers | $604.2M | 6.1× | 16.9× | +36.65% | +187.50% | −8.36% | 73.64% | 28.91% |
Pay and ownership Proxy statement filed 23 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.18m | 6.69m | 75.12 |
| 2024 | 4.17m | 574.74k | 29.86 |
| 2023 | 5.86m | 324.13k | 58.63 |
| 2022 | 12.11m | 11.58m | 100.36 |
| 2021 | 5.49m | 4.90m | 58.09 |
Ownership
Directors and executive officers, together
35.90%
Tracy W. Krohn
33.50%
BlackRock, Inc.
5.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement