# W&T Offshore Inc: overview

WTI · NYSE · CIK 1288403 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wti.md) · [Financials](/companies/wti/financials.md) · [Filings](/companies/wti/filings.md) · [Insiders](/companies/wti/insiders.md)

Latest reported revenue: [$167.1m](/filings/0001104659-26-120259.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-120259).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [120 d](/filings/0001104659-26-028315.md) | [130](/filings/0001104659-26-057242.md) | [122](/filings/0001104659-26-091281.md) | [128](/filings/0001104659-26-120259.md) | [122 d](/filings/0001104659-26-028315.md) | [150](/filings/0001104659-26-057242.md) | [163](/filings/0001104659-26-091281.md) | [167](/filings/0001104659-26-120259.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(14.1%) d](/filings/0001104659-26-028315.md) | [(6.3%)](/filings/0001104659-26-057242.md) | [(10.5%)](/filings/0001104659-26-091281.md) | [(9.9%)](/filings/0001104659-26-120259.md) | [(15.7%) d](/filings/0001104659-26-028315.md) | [9.8%](/filings/0001104659-26-057242.md) | [13.9%](/filings/0001104659-26-091281.md) | [7.1%](/filings/0001104659-26-120259.md) |
| Net margin | % | [(19.4%) d](/filings/0001104659-26-028315.md) | [(23.5%)](/filings/0001104659-26-057242.md) | [(17.1%)](/filings/0001104659-26-091281.md) | [(56.1%)](/filings/0001104659-26-120259.md) | [(22.3%) d](/filings/0001104659-26-028315.md) | [(15.0%)](/filings/0001104659-26-057242.md) | [7.7%](/filings/0001104659-26-091281.md) | [(8.2%)](/filings/0001104659-26-120259.md) |
| Diluted EPS | $ per share | not reported | [(0.21)](/filings/0001104659-26-057242.md) | [(0.14)](/filings/0001104659-26-091281.md) | [(0.48)](/filings/0001104659-26-120259.md) | not reported | [(0.15)](/filings/0001104659-26-057242.md) | [0.08](/filings/0001104659-26-091281.md) | [(0.09)](/filings/0001104659-26-120259.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [558](/filings/0001558370-24-002610.md) | [921](/filings/0001558370-25-002116.md) | [533](/filings/0001104659-26-028315.md) | [525](/filings/0001104659-26-028315.md) | [501](/filings/0001104659-26-028315.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [34.0%](/filings/0001558370-24-002610.md) | [49.3%](/filings/0001558370-25-002116.md) | [5.5%](/filings/0001104659-26-028315.md) | [(8.0%)](/filings/0001104659-26-028315.md) | [(10.5%)](/filings/0001104659-26-028315.md) |
| Net margin | % | [(7.4%)](/filings/0001558370-24-002610.md) | [25.1%](/filings/0001558370-25-002116.md) | [2.9%](/filings/0001104659-26-028315.md) | [(16.6%)](/filings/0001104659-26-028315.md) | [(29.9%)](/filings/0001104659-26-028315.md) |
| Diluted EPS | $ per share | [(0.29)](/filings/0001558370-24-002610.md) | [1.59](/filings/0001558370-25-002116.md) | [0.11](/filings/0001104659-26-028315.md) | [(0.59)](/filings/0001104659-26-028315.md) | [(1.01)](/filings/0001104659-26-028315.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wti/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $26.1m | 8,274,705 |  | Added +612,821 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $19.6m | 6,230,774 |  | Added +3,304,640 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $15.8m | 5,002,293 |  | Added +130,309 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $13.7m | 4,336,469 |  | Added +173,667 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $11.5m | 3,647,103 |  | Added +870,591 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $11.3m | 3,577,996 |  | Added +428,298 |
| [Nuveen, LLC](/funds/1871926.md) | 2026-06-30 | $10.7m | 3,411,682 |  | Added +3,155,199 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $9.3m | 2,961,478 |  | Reduced −2,176,627 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $8.9m | 2,840,526 |  | Added +396,868 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $8.6m | 2,720,068 |  | Added +1,980,998 |

## Recent filings

[All 894 filings](/companies/wti/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 17:00 ET | [10-Q](/filings/0001104659-26-120259.md) | Quarterly report, period 2026-09-30 | 0001104659-26-120259 |
| 2026-10-29 | 16:50 ET | [8-K](/filings/0001104659-26-120241.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-120241 |
| 2026-10-07 | 16:51 ET | [8-K](/filings/0001104659-26-114390.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-114390 |
| 2026-08-07 | 16:56 ET | [8-K](/filings/0001104659-26-092767.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-092767 |
| 2026-08-05 | 17:27 ET | [10-Q](/filings/0001104659-26-091281.md) | Quarterly report, period 2026-06-30 | 0001104659-26-091281 |
| 2026-08-05 | 16:53 ET | [8-K](/filings/0001104659-26-091211.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-091211 |
| 2026-06-04 | 16:38 ET | [8-K](/filings/0001104659-26-070556.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-070556 |
| 2026-05-07 | 16:50 ET | [10-Q](/filings/0001104659-26-057242.md) | Quarterly report, period 2026-03-31 | 0001104659-26-057242 |
| 2026-05-07 | 16:40 ET | [8-K](/filings/0001104659-26-057220.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-057220 |
| 2026-04-23 | 20:31 ET | [DEF 14A](/filings/0001104659-26-047016.md) | Proxy statement, period 2026-06-03 | 0001104659-26-047016 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-028315.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/5637ad91-2d1f-476a-8267-7ea939e26ee1)

## About the filer

- CIK: 1288403
- Tickers: WTI
- Exchange: NYSE
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: TX
- Filer category: Accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 19:28 ET. No prices; not investment advice.
