For the twelve months ended Sep 30, 2026, W&T Offshore Inc. reported $601.43M of revenue and -$50.74M of net income.
WTI revenue was $167.08M in fiscal Q3 2026 (ended Sep 30, 2026), up 31.0% from a year earlier and up 2.7% from the prior quarter. For the full fiscal 2025 it was $501.46M, down 4.5% from fiscal 2024. Compound annual growth was +7.7% over 5 years and -0.1% over 10 years. It rose in 4 of the last 10 fiscal years.
WTI net income was -$13.65M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$71.47M a year earlier. For the full fiscal 2025 it was -$150.06M, compared with -$87.14M in fiscal 2024.
WTI diluted EPS was -$0.09 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.48 a year earlier. For the full fiscal 2025 it was -$1.01, compared with -$0.59 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $501.46M | $525.26M | $532.66M | $921.00M | $558.01M | $346.63M | $534.90M | $580.71M | $487.10M | $399.99M |
| Selling, general and admin | $79.95M | $82.39M | $75.54M | $73.75M | $52.40M | $41.74M | $55.11M | $60.15M | $59.74M | $59.74M |
| Operating income | -$52.80M | -$42.19M | $29.49M | $454.08M | $189.66M | $801.0K | $118.54M | $247.03M | $109.95M | -$330.57M |
| Interest expense | - | - | $44.69M | $69.44M | $70.05M | $61.46M | $59.57M | $48.65M | $45.52M | - |
| Pre-tax income | -$99.14M | -$97.13M | $33.94M | $284.81M | -$49.53M | $7.64M | -$1.11M | $249.36M | $67.11M | -$292.40M |
| Income tax | $50.93M | -$9.98M | $18.34M | $53.66M | -$8.06M | -$30.15M | -$75.19M | $535.0K | -$12.57M | -$43.38M |
| Net income | -$150.06M | -$87.14M | $15.60M | $231.15M | -$41.48M | $37.79M | $74.09M | $248.83M | $79.68M | -$249.02M |
| EPS, basic | -$1.01 | -$0.59 | $0.11 | $1.61 | -$0.29 | $0.26 | $0.52 | $1.72 | $0.56 | -$2.60 |
| EPS, diluted | -$1.01 | -$0.59 | $0.11 | $1.59 | -$0.29 | $0.26 | $0.52 | $1.72 | $0.56 | -$2.60 |
| Diluted shares | 148.2M | 147.1M | 148.3M | 145.1M | 142.3M | 143.3M | 143.7M | 139.0M | 137.6M | 95.6M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $140.56M | $109.00M | $173.34M | $461.36M | $245.80M | $43.73M | $32.43M | $33.29M | $99.06M | $70.24M |
| Receivables | $59.63M | $63.56M | $52.08M | $66.15M | $54.92M | $38.83M | $57.37M | $47.80M | $45.44M | $43.07M |
| Current assets | $239.27M | $218.46M | $264.98M | $570.26M | $358.26M | $107.23M | $141.75M | $226.21M | $190.68M | $191.74M |
| Total assets | $955.81M | $1.10B | $1.11B | $1.43B | $1.19B | $940.58M | $1.00B | $848.87M | $907.58M | $829.73M |
| Current liabilities | $234.28M | $246.08M | $216.85M | $792.33M | $324.38M | $115.00M | $189.96M | $186.29M | $168.26M | $203.03M |
| Short-term debt | $8.46M | $27.29M | $29.37M | $582.25M | $42.96M | - | - | - | $22.93M | $8.27M |
| Long-term debt | $342.36M | $365.94M | $361.24M | $111.19M | $687.94M | $625.29M | $719.53M | $633.53M | $969.13M | $1.01B |
| Total debt | $350.81M | $393.22M | $390.60M | $693.44M | $730.90M | $625.29M | $719.53M | $633.53M | $992.05M | $1.02B |
| Shareholders' equity | -$199.75M | -$52.58M | $31.19M | $7.63M | -$247.18M | -$208.29M | -$249.37M | -$324.80M | -$573.51M | -$659.04M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77.24M | $59.54M | $115.33M | $339.53M | $133.67M | $108.51M | $232.23M | $321.76M | $159.41M | $14.18M |
| Capital expenditures | - | - | - | - | - | - | - | $16.78M | - | - |
| Free cash flow | - | - | - | - | - | - | - | $304.98M | - | - |
| Investing cash flow | $21.86M | -$118.18M | -$81.61M | -$95.08M | -$27.44M | -$47.62M | -$313.81M | -$66.39M | -$107.11M | -$82.40M |
| Financing cash flow | -$69.04M | -$8.56M | -$321.74M | -$28.89M | $100.27M | -$49.60M | $80.73M | -$321.14M | -$23.48M | $53.04M |
| Dividends paid | $6.01M | $5.90M | $1.47M | - | - | - | - | - | - | - |
| Stock-based compensation | $12.23M | $10.19M | $10.38M | $7.92M | $3.36M | $3.96M | $3.69M | $3.54M | $7.19M | $11.01M |
| Depreciation and amortization | $116.41M | $143.03M | $114.68M | $107.12M | $90.52M | $97.76M | $129.04M | $131.42M | $138.51M | $194.04M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -4.5% | -1.4% | -42.2% | 65.1% | 61.0% | -35.2% | -7.9% | 19.2% | 21.8% | -21.1% |
| Net income growth, YoY | - | - | -93.3% | - | - | -49.0% | -70.2% | 212.3% | - | - |
| EPS growth, YoY | - | - | -93.1% | - | - | -50.0% | -69.8% | 207.1% | - | - |
| Operating margin | -10.5% | -8.0% | 5.5% | 49.3% | 34.0% | 0.2% | 22.2% | 42.5% | 22.6% | -82.6% |
| Net margin | -29.9% | -16.6% | 2.9% | 25.1% | -7.4% | 10.9% | 13.9% | 42.8% | 16.4% | -62.3% |
| Free cash flow margin | - | - | - | - | - | - | - | 52.5% | - | - |
| Return on equity | - | - | 50.0% | 3027.9% | - | - | - | - | - | - |
| Return on assets | -15.7% | -7.9% | 1.4% | 16.1% | -3.5% | 4.0% | 7.4% | 29.3% | 8.8% | -30.0% |
| Current ratio | 1.02 | 0.89 | 1.22 | 0.72 | 1.10 | 0.93 | 0.75 | 1.21 | 1.13 | 0.94 |
| Debt to equity | - | - | 12.52 | 90.84 | - | - | - | - | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.08M | $162.62M | $150.02M | $121.71M | $127.52M | $122.37M | $129.87M | $120.34M | $121.37M | $142.76M | $140.79M | $132.34M |
| Selling, general and admin | $31.68M | $27.51M | $24.83M | $20.62M | $21.51M | $17.67M | $20.16M | $20.80M | $19.72M | $21.35M | $20.52M | $18.25M |
| Operating income | $11.82M | $22.63M | $14.64M | -$19.10M | -$12.61M | -$12.85M | -$8.24M | -$16.99M | -$18.96M | -$6.24M | -$4.0K | $1.79M |
| Interest expense | - | - | - | - | - | - | - | - | - | - | - | $9.73M |
| Pre-tax income | -$13.15M | $11.19M | -$19.89M | -$25.19M | -$15.48M | -$23.27M | -$35.19M | -$25.21M | -$41.47M | -$20.02M | -$10.43M | $1.49M |
| Income tax | $498.0K | -$1.37M | $2.64M | $1.93M | $55.99M | -$2.38M | -$4.62M | -$1.85M | -$4.54M | -$4.64M | $1.04M | $1.93M |
| Net income | -$13.65M | $12.56M | -$22.53M | -$27.13M | -$71.47M | -$20.88M | -$30.58M | -$23.36M | -$36.92M | -$15.39M | -$11.47M | -$443.0K |
| EPS, basic | -$0.09 | $0.08 | -$0.15 | -$0.18 | -$0.48 | -$0.14 | -$0.21 | -$0.16 | -$0.25 | -$0.10 | -$0.08 | $0.00 |
| EPS, diluted | -$0.09 | $0.08 | -$0.15 | -$0.18 | -$0.48 | -$0.14 | -$0.21 | -$0.16 | -$0.25 | -$0.10 | -$0.08 | $0.01 |
| Diluted shares | 151.8M | 157.7M | 148.8M | - | 148.6M | 147.8M | 147.6M | - | 147.2M | 146.9M | 146.9M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $191.32M | $150.68M | $130.92M | $140.56M | $124.80M | $120.72M | $105.93M | $109.00M | $126.54M | $123.38M | $94.82M | $173.34M |
| Receivables | $79.11M | $67.09M | $72.40M | $59.63M | $57.28M | $58.17M | $64.99M | $63.56M | $52.02M | $71.55M | $66.96M | $52.08M |
| Current assets | $314.36M | $262.79M | $249.36M | $239.27M | $229.25M | $237.94M | $221.93M | $218.46M | $226.41M | $247.93M | $207.72M | $264.98M |
| Total assets | $991.03M | $959.51M | $959.15M | $955.81M | $960.63M | $1.02B | $1.02B | $1.10B | $1.13B | $1.15B | $1.13B | $1.11B |
| Current liabilities | $239.97M | $224.40M | $250.64M | $234.28M | $208.47M | $200.58M | $187.93M | $246.08M | $231.55M | $234.40M | $191.96M | $216.85M |
| Short-term debt | $1.00M | $8.16M | $8.31M | $8.46M | $8.60M | $579.0K | $566.0K | $27.29M | $20.97M | $14.93M | $6.99M | $29.37M |
| Long-term debt | $350.97M | $343.42M | $342.88M | $342.36M | $341.84M | $349.51M | $349.48M | $365.94M | $371.60M | $376.98M | $384.24M | $361.24M |
| Total debt | $351.97M | $351.58M | $351.19M | $350.81M | $350.44M | $350.09M | $350.05M | $393.22M | $392.56M | $391.90M | $391.23M | $390.60M |
| Shareholders' equity | -$189.93M | -$196.20M | -$221.75M | -$199.75M | -$172.49M | -$102.72M | -$82.80M | -$52.58M | -$31.51M | $5.00M | $20.76M | $31.19M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.65M | $33.32M | $2.55M | $25.94M | $26.54M | $27.96M | -$3.20M | -$4.32M | $14.77M | $37.45M | $11.64M | $35.66M |
| Investing cash flow | -$8.19M | -$8.63M | -$10.33M | -$9.77M | -$20.87M | -$10.76M | $63.27M | -$14.14M | -$9.65M | -$6.77M | -$87.62M | -$2.16M |
| Financing cash flow | $12.17M | -$4.93M | -$1.92M | -$1.90M | -$1.59M | -$2.41M | -$63.14M | -$1.95M | -$1.95M | -$2.12M | -$2.54M | -$9.16M |
| Dividends paid | $1.58M | $1.62M | $1.49M | $1.50M | $1.51M | $1.50M | $1.49M | $1.48M | $1.47M | $1.49M | $1.47M | - |
| Stock-based compensation | $10.41M | $11.06M | $7.44M | $3.73M | $3.54M | $2.87M | $2.09M | $3.82M | $1.96M | $1.39M | $3.03M | $3.12M |
| Depreciation and amortization | $28.27M | $25.58M | $27.27M | $28.49M | $28.58M | $26.45M | $32.89M | $38.21M | $34.21M | $36.67M | $33.94M | $33.66M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 31.0% | 32.9% | 15.5% | 1.1% | 5.1% | -14.3% | -7.8% | -9.1% | -14.8% | 13.1% | 6.9% | -30.2% |
| Operating margin | 7.1% | 13.9% | 9.8% | -15.7% | -9.9% | -10.5% | -6.3% | -14.1% | -15.6% | -4.4% | -0.0% | 1.4% |
| Net margin | -8.2% | 7.7% | -15.0% | -22.3% | -56.1% | -17.1% | -23.5% | -19.4% | -30.4% | -10.8% | -8.1% | -0.3% |
| Current ratio | 1.31 | 1.17 | 0.99 | 1.02 | 1.10 | 1.19 | 1.18 | 0.89 | 0.98 | 1.06 | 1.08 | 1.22 |
| Debt to equity | - | - | - | - | - | - | - | - | - | 78.30 | 18.85 | 12.52 |
Source: XBRL data W&T Offshore Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| WTI | $601.43M | +20.3% | -$50.74M | -8.4% | $474.8M |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $273.51B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $192.00B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $118.25B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $98.26B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.98B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $76.96B |
| OXY | $25.75B | +36.9% | $7.50B | 29.1% | $55.74B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $54.21B |