WTI · W&t Offshore Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.02M | - | $127.52M | $122.37M | $129.87M | - | $121.37M | $142.76M | $140.79M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.83M | - | $21.51M | $17.67M | $20.16M | - | $19.72M | $21.35M | $20.52M | - |
| Total Operating Expenses | $135.38M | - | $140.13M | $135.22M | $138.11M | - | $140.34M | $148.99M | $140.79M | - |
| D&A | $27.27M | - | $28.58M | $26.45M | $32.89M | - | $34.21M | $36.67M | $33.94M | - |
| Operating Income | $14.64M | - | ($12.61M) | ($12.85M) | ($8.24M) | - | ($18.96M) | ($6.24M) | ($4.0K) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.64M | - | $55.99M | ($2.38M) | ($4.62M) | - | ($4.54M) | ($4.64M) | $1.04M | - |
| Net Income | ($22.53M) | - | ($71.47M) | ($20.88M) | ($30.58M) | - | ($36.92M) | ($15.39M) | ($11.47M) | - |
| EPS - Basic | ($0.15) | - | ($0.48) | ($0.14) | ($0.21) | - | ($0.25) | ($0.10) | ($0.08) | - |
| EPS - Diluted | ($0.15) | - | ($0.48) | ($0.14) | ($0.21) | - | ($0.25) | ($0.10) | ($0.08) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $130.92M | $140.56M | $124.80M | $120.72M | $105.93M | $109.00M | $126.54M | $123.38M | $94.82M | $173.34M |
| Accounts Receivable | $72.40M | $59.63M | $57.28M | $58.17M | $64.99M | $63.56M | $52.02M | $71.55M | $66.96M | $52.08M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $90.64M | $98.41M | $89.44M | $87.16M | $77.98M | $83.63M | $86.87M | $89.13M | $75.97M | $78.86M |
| Current Assets | $249.36M | $239.27M | $229.25M | $237.94M | $221.93M | $218.46M | $226.41M | $247.93M | $207.72M | $264.98M |
| Total Assets | $959.15M | $955.81M | $960.63M | $1.02B | $1.02B | $1.10B | $1.13B | $1.15B | $1.13B | $1.11B |
| Current Liabilities | $250.64M | $234.28M | $208.47M | $200.58M | $187.93M | $246.08M | $231.55M | $234.40M | $191.96M | $216.85M |
| Long-term Debt | $342.88M | $342.36M | $341.84M | $349.51M | $349.48M | $365.94M | $371.60M | $376.98M | $384.24M | $361.24M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | ($221.75M) | ($199.75M) | ($172.49M) | ($102.72M) | ($82.80M) | ($52.58M) | ($31.51M) | $5.00M | $20.76M | $31.19M |
| Retained Earnings | ($804.48M) | ($780.32M) | ($751.46M) | ($678.50M) | ($655.90M) | ($623.82M) | ($598.95M) | ($560.51M) | ($543.64M) | ($530.66M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.55M | - | - | - | ($3.20M) | - | - | - | $11.64M | - |
| Investing Cash Flow | ($10.33M) | - | - | - | $63.27M | - | - | - | ($87.62M) | - |
| Financing Cash Flow | ($1.92M) | - | - | - | ($63.14M) | - | - | - | ($2.54M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 9.8% | - | -9.9% | -10.5% | -6.3% | - | -15.6% | -4.4% | -0.0% | - |
| EBITDA margin | 27.9% | - | 12.5% | 11.1% | 19.0% | - | 12.6% | 21.3% | 24.1% | - |
| Net margin | -15.0% | - | -56.1% | -17.1% | -23.5% | - | -30.4% | -10.8% | -8.1% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 16.6% | - | 16.9% | 14.4% | 15.5% | - | 16.3% | 15.0% | 14.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.3% | - | -7.4% | -2.0% | -3.0% | - | -3.3% | -1.3% | -1.0% | - |
| Return on equity | 10.2% | - | 41.4% | 20.3% | 36.9% | - | 117.2% | -307.5% | -55.3% | - |
| Return on invested capital | 9.5% | - | -5.9% | -4.1% | -2.4% | - | -4.4% | -1.3% | -0.0% | - |
| Liquidity | ||||||||||
| Current ratio | 0.99 | 1.02 | 1.10 | 1.19 | 1.18 | 0.89 | 0.98 | 1.06 | 1.08 | 1.22 |
| Quick ratio | 0.99 | 1.02 | 1.10 | 1.19 | 1.18 | 0.89 | 0.98 | 1.06 | 1.08 | 1.22 |
| Cash ratio | 0.52 | 0.60 | 0.60 | 0.60 | 0.56 | 0.44 | 0.55 | 0.53 | 0.49 | 0.80 |
| Leverage | ||||||||||
| Debt / Equity | -1.55 | -1.71 | -1.98 | -3.40 | -4.22 | -6.96 | -11.79 | 75.32 | 18.51 | 11.58 |
| Debt / Assets | 0.36 | 0.36 | 0.36 | 0.34 | 0.34 | 0.33 | 0.33 | 0.33 | 0.34 | 0.32 |
| Debt / EBITDA | 8.18 | - | 21.41 | 25.71 | 14.18 | - | 24.38 | 12.39 | 11.32 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -4.33 | -4.78 | -5.57 | -9.97 | -12.38 | -20.90 | -35.78 | 229.48 | 54.26 | 35.71 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.13 | 0.12 | 0.13 | - | 0.11 | 0.12 | 0.12 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 176d | - | 164d | 174d | 183d | - | 156d | 183d | 174d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | 62.8x | 18.7x | - |
| P / S | 3.4x | - | 2.1x | 2.0x | 1.8x | - | 2.6x | 2.2x | 2.8x | - |
| EV / EBITDA | 17.2x | - | 30.5x | 34.8x | 19.2x | - | 36.8x | 18.7x | 20.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.5% | - | 5.1% | -14.3% | -7.8% | - | -14.8% | 13.1% | 6.9% | - |
| Revenue CAGR (3y) | 4.4% | - | -21.8% | -23.5% | -12.1% | - | -3.2% | 2.4% | 3.9% | - |
| Revenue CAGR (5y) | 3.6% | - | 12.0% | 17.2% | 0.9% | - | -1.7% | 1.2% | 3.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 33.5% | -106.1% | -206000.0% | - | - | - | - | - |
| Net income growth (YoY) | 26.3% | - | -93.6% | -35.7% | -166.5% | - | - | -27.1% | - | - |
| EPS growth (YoY) | 28.6% | - | -92.0% | -40.0% | -162.5% | - | - | -25.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -167.8% | -279.9% | -447.4% | - | - | - | - | -79.8% | -40.4% | 308.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$501.46M totalOil And Condensate$327.85M · 65.4%
Natural Gas Production$143.95M · 28.7%
Natural Gas Liquids Reserves$20.37M · 4.1%
Product And Service Other$9.30M · 1.9%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing W&T OFFSHORE INC against the 5 most active filers in the same SIC group.
Dividends
$0.04/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.0100 |
| Mar 19, 2026 | $0.0100 |
| Nov 19, 2025 | $0.0100 |
| Aug 18, 2025 | $0.0100 |
| May 20, 2025 | $0.0100 |
| Mar 17, 2025 | $0.0100 |
| Nov 21, 2024 | $0.0100 |
| Aug 20, 2024 | $0.0100 |
| May 23, 2024 | $0.0100 |
| Mar 15, 2024 | $0.0100 |
| Nov 27, 2023 | $0.0100 |
| Nov 14, 2014 | $0.1000 |
| Aug 20, 2014 | $0.1000 |
| May 21, 2014 | $0.1000 |
| Mar 14, 2014 | $0.1000 |
| Dec 19, 2013 | $0.4200 |
| Nov 14, 2013 | $0.1000 |
| Aug 20, 2013 | $0.0900 |
| May 22, 2013 | $0.0900 |
| Mar 13, 2013 | $0.0800 |
| Nov 14, 2012 | $0.5500 |
| Aug 20, 2012 | $0.0800 |
| May 22, 2012 | $0.0800 |
| Mar 12, 2012 | $0.0800 |