Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 32.9%, EPS grew 157.1%, free cash flow grew 43.6% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years.
3.83
0.17
+4.64%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 1.23 | 1.81 | 3.35 | 3.75 | 1.07 | 2.15 | 3.24 | 2.86 | 1.33 | 1.09 |
Analyst estimates 2026–2028 Powerpack |
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| High | 3.50 | 3.69 | 9.88 | 7.18 | 6.10 | 5.14 | 9.16 | 6.68 | 3.36 | 2.59 | |||||
| People | |||||||||||||||
| People | Employees | 302 | 298 | 282 | 291 | 303 | 323 | 365 | 395 | 400 | 370 | ||||
| Revenue/emp, $m | 1.32 | 1.63 | 2.06 | 1.84 | 1.14 | 1.73 | 2.52 | 1.35 | 1.31 | 1.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 400 | 487 | 581 | 535 | 347 | 558 | 921 | 533 | 525 | 501 | ||||
| Gross margin, % | 55.69 | 65.94 | 69.44 | 60.22 | 46.97 | 63.71 | 71.82 | 46.70 | 41.05 | 35.28 | |||||
| EBT | (292) | 67 | 249 | (1) | 8 | (50) | 285 | 34 | (97) | (99) | |||||
| EBT margin, % | (73.10) | 13.78 | 42.94 | (0.21) | 2.20 | (8.88) | 30.92 | 6.37 | (18.49) | (19.77) | |||||
| Net income | (249) | 80 | 249 | 74 | 38 | (41) | 231 | 16 | (87) | (150) | |||||
| Depreciation | 214 | 157 | 153 | 154 | 127 | 120 | 141 | 151 | 180 | 153 | |||||
| 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 | ||||
| Earnings | (2.60) | 0.56 | 1.72 | 0.52 | 0.26 | (0.29) | 1.61 | 0.11 | (0.59) | (1.01) | |||||
| Cash flow | 0.15 | 1.16 | 2.31 | 1.65 | 0.77 | 0.94 | 2.37 | 0.79 | 0.40 | 0.52 | |||||
| Capex | (0.86) | (0.78) | (0.37) | (2.32) | (0.15) | (0.23) | (0.66) | (0.56) | (0.80) | (0.25) | |||||
| Free cash flow | (0.71) | 0.38 | 1.95 | (0.67) | 0.62 | 0.71 | 1.71 | 0.23 | (0.40) | 0.27 | |||||
| Book value | (6.89) | (4.17) | (2.34) | (1.77) | (1.47) | (1.74) | 0.05 | 0.21 | (0.36) | (1.35) | |||||
| Shares, m | 96 | 138 | 139 | 141 | 142 | 142 | 143 | 146 | 147 | 148 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 6.64 | 2.40 | 10.90 | 8.04 | 0.00 | 3.17 | 29.06 | 0.00 | 0.00 | ||||
| P/S | 0.68 | 1.05 | 0.99 | 1.46 | 0.89 | 0.82 | 0.79 | 0.89 | 0.47 | 0.48 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 95.07 | 15.22 | 0.00 | 0.00 | |||||
| EV/Sales | 3.06 | 2.88 | 2.41 | 2.75 | 2.56 | 1.68 | 1.04 | 1.29 | 1.00 | 0.90 | |||||
| EV/FCF | (17.93) | 26.86 | 5.16 | (11.75) | 10.17 | 9.31 | 3.90 | 20.39 | (8.99) | 11.39 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 14 | 159 | 322 | 232 | 109 | 134 | 340 | 115 | 60 | 77 | ||||
| Capex | (82) | (107) | (51) | (326) | (21) | (33) | (95) | (82) | (118) | (38) | |||||
| Free cash flow | (68) | 52 | 271 | (94) | 87 | 101 | 244 | 34 | (59) | 40 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (11) | 22 | 40 | (48) | (8) | 34 | (222) | 48 | (28) | 5 | ||||
| Total debt | 1,021 | 992 | 634 | 723 | 625 | 731 | 693 | 391 | 393 | 351 | |||||
| Net debt | 950 | 893 | 600 | 690 | 582 | 481 | 228 | 213 | 283 | 210 | |||||
| Shareholders’ equity | (659) | (574) | (325) | (249) | (208) | (247) | 8 | 31 | (53) | (200) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (24.44) | 8.80 | 27.23 | 8.00 | 3.89 | (3.89) | 17.61 | 1.23 | (7.88) | (14.61) | ||||
| ROIC | (70.89) | 21.51 | 56.05 | 16.81 | 0.13 | 50.77 | 120.61 | 7.55 | (11.46) | (316.08) | |||||
| ROE | 42.01 | (12.40) | (53.23) | (25.81) | (16.51) | 18.21 | (192.99) | 80.35 | 815.01 | 118.94 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| INR Infinity Natural Resources Inc. | $824.5M | 4.5× | 4.4× | +129.63% (above 0%: growing) | +14.41% (above 0%: growing) | +3,802.98% (above 0%: growing) | 82.81% | 41.23% | Compare |
| TXO TXO Partners LP | $786.8M | — (loss-making) | 22.0× | +67.86% (above 0%: growing) | n/m | +1,641.19% (above 0%: growing) | 72.44% | 38.22% | Compare |
| OBE Obsidian Energy | $765.4M | 38.6× | 9.9× | +58.90% (above 0%: growing) | +187.50% (above 0%: growing) | −143.71% (below 0%: shrinking) | 71.83% | 32.07% | Compare |
| GPRK Geopark Ltd | $748.3M | 7.9× | 9.7× | +19.65% (above 0%: growing) | n/m | +168.34% (above 0%: growing) | 62.98% | 28.48% | Compare |
| VTS Vitesse Energy, Inc. | $733.0M | — (loss-making) | — (loss-making) | +11.31% (above 0%: growing) | +27.42% (above 0%: growing) | −84.33% (below 0%: shrinking) | 100.00% | 22.94% | Compare |
| GRNT Granite Ridge Resources, Inc. | $671.4M | — (loss-making) | 30.1× | +36.67% (above 0%: growing) | +21.05% (above 0%: growing) | +23.00% (above 0%: growing) | 100.00% | 26.14% | Compare |
| EGY Vaalco Energy Inc | $632.2M | — (loss-making) | 61.0× | +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. | $552.5M | — (loss-making) | — (loss-making) | +32.89% (above 0%: growing) | n/m | +43.56% (above 0%: growing) | 51.96% | 13.92% | |
| SD SandRidge Energy, Inc. | $515.7M | 6.3× | 2.6× | +48.03% (above 0%: growing) | +35.85% (above 0%: growing) | +288.62% (above 0%: growing) | 73.57% | 50.78% | Compare |
| Median of peers | $740.7M | 7.1× | 9.9× | +43.77% | +31.64% | +95.67% | 78.19% | 32.16% |
W&T Offshore, Inc. (WTI) key facts
- Concern: W&T Offshore, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $501.5 million, down 4.53% from fiscal 2024.
- W&T Offshore, Inc. (WTI) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
- As of October 16, 2026, WTI traded at $3.83, a market capitalization of $552.5 million.
- W&T Offshore, Inc. pays an annual dividend of $0.04 per share, a yield of 1.04%.
- Return on equity was 118.9% and debt-to-equity -1.79.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.67 (distress zone) for fiscal 2025.
W&T Offshore, Inc. (WTI) Latest News
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