Earnings ·
W&T Offshore reports Q3 net loss of $13.6M and declares $0.01 quarterly dividend
WTIW&T Offshore Inc
W&T Offshore reported a third-quarter 2026 net loss of $13.6 million, or $(0.09) per diluted share, driven by derivative losses despite production rising 10% to 38.2 thousand barrels of oil equivalent per day and Adjusted EBITDA increasing 30% year-over-year to $51.1 million. The company generated $33.2 million in free cash flow and raised its unrestricted cash balance to $191.3 million, reducing net debt by 20%. Management also converted the credit facility to a reserve-based lending structure with potential borrowing capacity expansion from $50 million to $100 million and declared a fourth-quarter dividend of $0.01 per share payable November 19, 2026. W&T Offshore is an independent oil and natural gas producer operating offshore in the Gulf of America.