W&t Offshore (WTI)
NYSE:WTI
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational performance and financial metrics: production held near the top of guidance, realized prices increased materially (26% vs Q4 2025), LOE decreased 11%, adjusted EBITDA was the highest since 2023 ($55M), and free cash flow improved ($21M). These positives, combined with a solid liquidity position and favorable regulatory developments, outweigh near-term headwinds. Near-term challenges include a planned Mobile Bay processing turnaround that pressures Q2 volumes and raises LOE, ongoing surety litigation, and material ARO obligations. Management reiterated an intentional capital-light, acquisition-focused strategy that supports liquidity and returns but carries execution risk if M&A opportunities are limited. Overall, highlights materially outweigh the lowlights.Company Guidance
Stable Production at Upper End of Guidance
Reported production of 36,200 barrels oil equivalent per day in Q1 2026, toward the higher end of guidance and effectively flat year-over-year versus 2025 despite adverse weather impacts early in 2026.
Higher Realized Prices
Realized price of $45.08 per barrel oil equivalent in Q1, a 26% increase from Q4 2025; realized oil price in March was $88.61 per barrel.
Lower Lease Operating Expense (LOE)
LOE declined 11% to $66 million in Q1 2026, below the midpoint of guidance, driven by lower base LOE spend and cost-saving initiatives implemented in Q4 2025.
Strong Profitability and Cash Generation
Adjusted EBITDA of $55 million in the quarter — the highest quarterly adjusted EBITDA since 2023 — and generated $21 million in free cash flow, a significant improvement from Q4 2025.
Solid Balance Sheet and Liquidity
Reported total debt of $351 million and net debt of $220 million (as reported), with liquidity of $175 million at the period end; Q1 capital expenditures were $7 million with full-year CapEx guidance of $20–25 million.
Disciplined, Capital-Light Strategy
Management reiterated a capital-light approach emphasizing low-risk, high-return workovers and facility optimization over heavy CapEx, enabling targeted acquisitions and accretive integration of producing properties.
Favorable Regulatory Developments
Department of Interior proposed rollbacks to a 2024 rule that would reduce industry-wide bonding costs by at least $500 million annually and better align financial assurance with decommissioning risk (60-day comment period ending May 15).
Legal Win in Surety Dispute (Interim)
District court rejected the surety's attempt to force immediate collateral payments and granted W&T permission to file an amended lawsuit; company prevailed in virtually every respect on the surety's attempt to dismiss W&T's claims (appeal pending).
WTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $3.82 | $3.71 | -2.88% |
Mar 16, 2026 | $3.09 | $3.11 | +0.65% |
Nov 05, 2025 | $1.93 | $1.90 | -1.55% |
Aug 04, 2025 | $1.71 | $1.71 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does W&t Offshore (WTI) report earnings?
W&t Offshore (WTI) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is W&t Offshore (WTI) earnings time?
W&t Offshore (WTI) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTI EPS forecast?
WTI EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.