W&T Offshore Q2 FY26 returns to profit with net income of USD 12.56 million; revenue rises 33% to USD 162.62 million on year

Reuters2026/08/05 22:14

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W&T Offshore posted net income of USD 12.56 million, or USD 0.08 a share, swinging from a loss in Q1 2026.
Revenue rose 8% from Q1 to USD 162.62 million, as average realized oil-equivalent pricing climbed 11% to USD 50.23 per boe.
Free cash flow increased 50% from Q1 to USD 31.38 million; unrestricted cash grew 15% to USD 150.68 million, cutting net debt 9% to USD 200.89 million.
Second-quarter output totaled 35,000 boe/d, up 3% from Q2 2025; third-quarter production guidance is 33,000-37,000 boe/d.
The board declared a USD 0.01 per share dividend payable Aug. 26; management said potential surety-litigation claims could reach hundreds of millions, subject to trebling.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. W&T Offshore Inc. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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W&T Offshore Q2 FY26 returns to profit with net income of USD 12.56 million; revenue rises 33% to USD 162.62 million on year

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