W&T Offshore, Inc. filed its quarterly report on Form 10-Q with the SEC on October 29, 2026, covering the nine months and quarter ended September 30, 2026, reporting total revenues of $479.7 million and a net loss of $23.6 million for the nine-month period.

Key Highlights

  • Total revenues (nine months): $479,718 thousand for the nine months ended September 30, 2026, up from $379,749 thousand in the same period of 2025, according to the filing.
  • Net loss (nine months): $23,618 thousand, or $0.16 per basic and diluted share, for the nine months ended September 30, 2026, compared to a net loss of $122,935 thousand, or $0.83 per share, in the prior-year period.
  • Q3 2026 operating income: $11,821 thousand for the three months ended September 30, 2026, compared to an operating loss of $12,610 thousand in Q3 2025.
  • Cash and cash equivalents: $191,317 thousand as of September 30, 2026, up from $140,558 thousand at December 31, 2025.
  • Total assets: $991,028 thousand as of September 30, 2026, compared to $955,807 thousand at December 31, 2025.
  • Shares outstanding: 154,895,304 shares of common stock as of October 20, 2026, per the filing cover page.
  • Total shareholders' deficit: $(189,931) thousand as of September 30, 2026, compared to $(199,752) thousand at December 31, 2025.

W&T Offshore Reports Q3 and Nine-Month 2026 Financial Results

W&T Offshore, Inc. (NYSE:WTI), a Texas-incorporated oil and natural gas company headquartered in Houston, reported total revenues of $167,080 thousand for the three months ended September 30, 2026, compared to $127,515 thousand in the same quarter of 2025, according to the filing. For the nine-month period, revenues reached $479,718 thousand versus $379,749 thousand in the prior-year period. Oil revenues were the largest component, at $111,773 thousand for Q3 2026 and $322,330 thousand for the nine months ended September 30, 2026.

The company disclosed a net loss of $13,649 thousand for Q3 2026, compared to a net loss of $71,474 thousand in Q3 2025. The filing attributed a significant portion of the year-over-year improvement in the prior period's loss to a $55,991 thousand income tax expense in Q3 2025 versus $498 thousand in Q3 2026. For the nine months ended September 30, 2026, the company reported a derivative loss, net of $42,230 thousand and interest expense, net of $27,373 thousand, both of which contributed to the pre-tax loss of $21,851 thousand. General and administrative expenses rose to $84,026 thousand for the nine-month period, compared to $59,337 thousand in the same period of 2025.

On the balance sheet, total current assets stood at $314,362 thousand as of September 30, 2026, while total current liabilities were $239,969 thousand. Long-term debt, net was $350,972 thousand, and asset retirement obligations totaled $558,802 thousand. During Q3 2026, the company issued 3,573 thousand shares of common stock, generating net proceeds of $14,670 thousand, according to the statements of changes in shareholders' equity. The company also paid cash dividends of $1,676 thousand during the quarter and recorded share-based compensation of $7,565 thousand.

What Was Disclosed

W&T Offshore filed its Form 10-Q for the period ended September 30, 2026, disclosing nine-month revenues of $479,718 thousand, a net loss of $23,618 thousand, cash of $191,317 thousand, and total assets of $991,028 thousand, along with updated balance sheet and equity data.