Earnings ·
W&T Offshore reported second quarter 2026 net income of $12.6 million ($0.08 per diluted share), a significant…
WTIW&T Offshore Inc
W&T Offshore reported second quarter 2026 net income of $12.6 million ($0.08 per diluted share), a significant improvement from the first quarter loss of $22.5 million, driven by higher oil prices and lower lease operating expenses. The company produced 34.7 thousand barrels of oil equivalent per day and generated $31.4 million in free cash flow. Additionally, the Board declared a quarterly dividend of $0.01 per share for the third quarter of 2026, payable on August 26, 2026 to shareholders of record on August 19, 2026. W&T Offshore is an independent oil and natural gas producer with offshore operations in the Gulf of America.