W&T Offshore Inc (WTI)
🔔 Watch stock
symbol.quality_heading
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Whoever buys today is betting that the gas price stays strong, the sureties dispute ends benignly and the teardown bill is worked off on schedule — three conditions, none of which is in management’s hands, with negative equity as the margin of safety. Whoever waits sees in the coming quarterly reports whether the loss streak really ends and how the sureties case plays out — and gives up the first leg of a possible continuation of the rally in return. The decision is yours.
symbol.quality_note
W&T Offshore shows up in our Reddit hype scanner — with just 2 mentions in 24 hours (as of July 15, 2026), and part of that noise may not even belong to the company: its ticker WTI is also the symbol of the West Texas Intermediate crude benchmark. We read the annual reports (10-K) for 2024 and 2025 and the quarterly report (10-Q) as of March 31, 2026: a 105 percent year-to-date rally and a stage-2 uptrend meet a $150.1 million annual loss, negative stockholders’ equity, $561.8 million of decommissioning obligations for aging platforms — and surety insurers demanding $254.7 million in collateral. Not investment advice — just a reminder that a ticker is not a commodity.
Read the analysis
Stock Watch
This analysis is as of July 16, 2026. Stock Watch will tell you what's changed at WTI since then.
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Appears in These Scanners
This stock currently matches 9 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 3.60 $ — 62% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralGeprüft am 16.07.2026 gegen den Geschäftsbericht (10-K) 2025 (eingereicht 16.03.2026), den 10-K 2024 und die vier jüngsten Quartalsberichte (10-Q): In den ausgewerteten SEC-Filings von W&T Offshore findet sich kein wesentlicher KI-Bezug. Die einzigen Erwähnungen sind zwei generische Risikofloskeln im Item 1A des 10-K 2025 — zum Technologie-Wettbewerb („The oil and natural gas industry is subject to rapid and significant advancements in technology, including the introduction of new products and services using new technologies (such as the use of artificial intelligence and machine learning)“; Übersetzung: „Die Öl- und Gasindustrie unterliegt schnellen und erheblichen technologischen Fortschritten, einschließlich der Einführung neuer Produkte und Dienstleistungen mit neuen Technologien (etwa dem Einsatz von künstlicher Intelligenz und maschinellem Lernen)“) und zur Cybersicherheit hypothetisch evaluierter Technologien („Certain new technologies that we may evaluate or deploy, such as use of autonomous vehicles, remote-controlled equipment, virtual reality, automation and artificial intelligence, present new and significant cybersecurity and safety risks“; Übersetzung: „Bestimmte neue Technologien, die wir prüfen oder einsetzen könnten — etwa autonome Fahrzeuge, ferngesteuerte Ausrüstung, virtuelle Realität, Automatisierung und künstliche Intelligenz — bergen neue und erhebliche Cybersicherheits- und Sicherheitsrisiken“). Weder KI-Umsatzquelle noch belegter operativer KI-Einsatz noch ein konkretes KI-Geschäftsrisiko fürs eigene Fördermodell; die 10-Qs und der 10-K 2024 enthalten keine KI-Treffer. Nach dem Kriterienkatalog: dokumentierter Negativ-Befund, Einstufung „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-05-07 · 10-Q 2025-11-06 · 10-Q 2025-08-05 · 10-Q 2025-05-07 · 10-K 2026-03-16 · 10-K 2025-03-04
Rated on July 16, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 24.4% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 1
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.04 | -0.13 – 0.12 | 575 | 89.6% | 4 |
| 12/31/2027 | -0.15 | -0.26 – 0.01 | 549 | -290.1% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.03 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.16 | – | 120 | -9.10 | -19.40 | -4 | -19 |
| 2025: Q1 | -0.21 | – | 130 | -7.80 | -23.50 | -3 | -10 |
| 2025: Q2 | -0.14 | – | 122 | -14.30 | -17.10 | 28 | 35 |
| 2025: Q3 | -0.48 | – | 128 | 5.10 | -56.10 | 27 | 5 |
| 2025: Q4 | -0.18 | – | 122 | 1.10 | -22.30 | 25 | 15 |
| 2026: Q1 | -0.15 | – | 150 | 15.50 | -15.00 | 2 | -8 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 400 | -331 | -249 | -2.60 | 14 | -659 | 830 |
| 2017 | 487 | 110 | 80 | 0.58 | 159 | -574 | 908 |
| 2018 | 581 | 247 | 249 | 1.79 | 322 | -325 | 849 |
| 2019 | 535 | 119 | 74 | 0.53 | 232 | -249 | 1,004 |
| 2020 | 347 | 1 | 38 | 0.27 | 109 | -208 | 941 |
| 2021 | 558 | 190 | -41 | -0.29 | 134 | -247 | 1,193 |
| 2022 | 921 | 454 | 231 | 1.59 | 340 | 8 | 1,432 |
| 2023 | 533 | 29 | 16 | 0.11 | 115 | 31 | 1,114 |
| 2024 | 525 | -42 | -87 | -0.59 | 60 | -53 | 1,099 |
| 2025 | 501 | -53 | -150 | -1.01 | 77 | -200 | 956 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
First-quarter 2026 production up 19 percent to 36,211 barrels of oil equivalent per day, revenues up 15.5 percent, the loss narrowed; about 58 percent of reserves are natural gas, whose realized price rose from $2.65 (2024) to $5.41 per thousand cubic feet (Q1 2026); cash of $130.9 million (March 31, 2026), notes not due until 2029 (quarterly report 10-Q as of March 31, 2026).
$561.8 million of booked decommissioning obligations (December 31, 2025) exceed the market value of roughly $0.5 billion (July 8, 2026); from 2023 through 2025, $110.5 million in real cash went into decommissioning work — about 44 percent of operating cash flow; the auditor lists the ARO estimate as a critical audit matter, and the regulator BSEE is pressing for "idle iron" pluggings.
Stockholders’ equity of minus $199.8 million (December 31, 2025; March 31, 2026: minus $221.8 million), net results worse for the third year running ($150.1 million loss in 2025), deferred tax assets nearly fully written down; an Altman Z-score around 0 and a fundamental grade of D (data as of July 8, 2026); the debt costs a 10.75 percent coupon.
Of $254.7 million in demanded cash collateral, roughly $160 million remains contested after the June 2025 settlements with USSIC and PIIC; W&T counters with an antitrust counterclaim. Since April 2025 the U.S. regulator waives supplemental financial assurance — except for properties with no predecessor left on the hook, the core of the W&T model (annual report 10-K 2025).
Per the independent consultant, 34.0 percent of proved reserves will be depleted within three years, and only 6.7 million barrels of undeveloped projects remain — replenishment requires acquisitions or drilling risk. Against that stands a founder-CEO since 1983 with roughly 37 percent insider ownership (data as of July 8, 2026), whose interests the report simultaneously lists as its own risk factor.
W&T Offshore is a leveraged betting slip on the natural gas price: the operational comeback (Q1 2026: production up 19 percent, loss narrowed) and 58 percent gas reserves honestly explain the year-to-date doubling of the share price. But the balance sheet carries a teardown bill of $561.8 million — more than the company is worth on the exchange —, equity is depleted at minus $199.8 million, surety insurers still demand roughly $160 million in collateral, and a third of the reserves will be gone in three years. Whoever invests here holds no commodity, but a lever on the gas price and on decommissioning discipline. Not investment advice.
- WTI reached our research list via the Reddit hype scanner (ApeWisdom, 2 mentions in 24 hours, as of July 15, 2026) — a mini echo that may additionally be noisy because the ticker is identical to the West Texas Intermediate crude benchmark. The 7 hits in our in-house stock scanner carry the July 8, 2026 data cut-off and rotate daily.
- Scanner metrics (P/S, P/CF, Altman Z, Piotroski, stress-day rating) are computed from trailing twelve-month figures; the improved first quarter of 2026 and the June 2025 sureties settlement show up in them only with a lag.
- Price and valuation figures are dated to July 8, 2026 (about $3.20, market value roughly $0.5 billion); analyses are evergreen, daily prices are not a buy argument.
About the Company
W&T Offshore, Inc. , an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America.
| Employees | 370 |
|---|---|
| Headquarters | Houston, TX |
| Address | 5718 Westheimer Road, 77057-5745 Houston, United States |
| Phone | 713 626 8525 |
| Website | wtoffshore.com |
| IPO Date | 28. Jan 2005 |
| ISIN | US92922P1066 |
| Stock Split | 500:1 on 01/29/2004 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Tracy W. Krohn | Founder, Chairman, CEO & President | 1955 |
| Sameer Parasnis | Executive VP & CFO | 1975 |
| William J. Williford | ?Executive VP & COO | 1973 |
| Huan Gamblin | Executive VP & Chief Technical Officer | 1983 |
| George J. Hittner | Executive VP, General Counsel & Corporate Secretary | 1979 |
| Bart P. Hartman III | VP & Chief Accounting Officer | 1975 |
| Alvin T. Haynes | VP, Chief Information Officer & Chief Information Security Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 16. Jul 2026 | Conwill Daniel O. IV | Director | Sell | 60,000 | 3.41 | 204,600 |
| 15. Jul 2026 | Chang Nancy T | Director | Sell | 60,000 | 3.31 | 198,600 |
| 14. Jul 2026 | Williford William J | EVP & Chief Operating Officer | Sell | 30,000 | 3.56 | 106,800 |
| 14. Jul 2026 | Parasnis Sameer | EVP & Chief Financial Officer | Sell | 30,000 | 3.56 | 106,800 |
| 14. Jul 2026 | Hittner George | EVP, GC & Corporate Secretary | Sell | 30,000 | 3.53 | 105,900 |
| 14. Jul 2026 | Hartman Bart P. III | VP & Chief Accounting Officer | Sell | 6,000 | 3.54 | 21,240 |
| 14. Jul 2026 | Gamblin Huan | EVP & Chief Technical Officer | Sell | 30,000 | 3.55 | 106,500 |
| 14. Jul 2026 | Boulet Virginia | Director | Sell | 60,000 | 3.54 | 212,400 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.