Frontierby eninvs

Language: EN · RU

← Region

W&T Offshore, Inc. (WTI) USD

At a glance: strengths & risks
✓Commodity price +12% vs 1-yr · +5% vs 3-yr✗Loss-making last FY✗Margins compressing (19%→13%)✗High leverage (3.5x EBITDA)✗Only 10 years of reserves✗Priced above model value

Sector: United States — oil & gas exploration & production

Geography: United States

US_EP_WTI

Price chart

3.85 USDDay 3.49%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
3.85 USD · 3.49%
Market cap
567 mln USD

Growth

Δ revenue y/y
15.5%
Δ EBITDA y/y
70.0%

Multiples

P/E (LTM)
—
P/B (FY)
—
P/E (ann.)
<0
EV/EBITDA (LTM)
9.8x
EV/EBITDA (ann.)
4.7x

Cash return

Dividend yield
1.0%
FCF yield (LTM)
5.2%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-83.7%
↓ details

Liquidity

Daily turnover (listing)
18.4 mln USD

Shares: sec_companyfacts/1288403

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK150.0
y/y 15.5%
14.6
y/y —
27.3
y/y -17.1%
41.9
y/y 70.0%
-22.5
y/y —
2.6-10.3959.2
y/y -6.4%
-221.8
y/y —
42.8%222.1Link
2025-12-31Q4 2025 (3M)OK121.7
y/y 1.1%
-19.1
y/y -12.4%
28.5
y/y -25.4%
9.4
y/y -55.7%
-27.1
y/y -16.1%
25.9-48.6955.8
y/y -13.0%
-199.8
y/y —
80.6%223.1Link
2025-09-30Q3 2025 (3M)OK127.5
y/y 5.1%
-12.6
y/y —
28.6
y/y -16.4%
16.0
y/y 4.8%
-71.5
y/y —
26.50.0960.6
y/y -14.8%
-172.5
y/y —
69.3%227.4Link
2025-06-30Q2 2025 (3M)OK122.4
y/y -14.3%
-12.9
y/y —
26.4
y/y -27.9%
13.6
y/y -55.3%
-20.9
y/y —
28.0-0.31023.8
y/y -10.9%
-102.7
y/y -2152.4%
90.1%231.1Link
2025-03-31Q1 2025 (3M)OK129.9
y/y -7.8%
-8.2
y/y —
32.9
y/y -3.1%
24.6
y/y -27.4%
-30.6
y/y —
-3.2-0.41024.9
y/y -9.0%
-82.8
y/y -498.8%
180.7%245.8Link
2024-12-31Q4 2024 (3M)OK120.3
y/y -9.1%
-17.0
y/y -1038.2%
38.2
y/y —
21.2
y/y -75.4%
-23.4
y/y -5173.6%
-4.3-37.41098.9
y/y -1.4%
-52.6
y/y -268.6%
207.3%296.1Link
2024-09-30Q3 2024 (3M)OK121.4
y/y -14.8%
-19.0
y/y -209.7%
34.2
y/y 13.2%
15.2
y/y -67.9%
-36.9
y/y -1821.3%
14.80.01127.3
y/y 0.2%
-31.5
y/y -205.1%
371.5%267.5Link
2024-06-30Q2 2024 (3M)OK142.8
y/y 13.1%
-6.2
y/y -6336.0%
36.7
y/y —
30.4
y/y —
-15.4
y/y —
37.4-0.11148.6
y/y 4.2%
5.0
y/y -79.8%
-477.8%270.0Link
2024-03-31Q1 2024 (3M)OK140.8
y/y 6.9%
0.0
y/y -100.0%
33.9
y/y —
33.9
y/y 229.4%
-11.5
y/y -144.1%
11.6-80.51126.5
y/y 1.5%
20.8
y/y -40.4%
-176.7%297.9Link
2023-12-31Q4 2023 (3M)OK132.3
y/y —
1.8
y/y —
—
y/y —
86.3
y/y —
-0.4
y/y —
35.7—1114.0
y/y —
31.2
y/y —
51.0%229.5Link
2023-09-30Q3 2023 (3M)OK142.4
y/y —
17.3
y/y —
30.2
y/y —
47.5
y/y —
2.1
y/y —
30.0-36.81125.4
y/y —
30.0
y/y —
10.4%260.7Link
2023-06-30Q2 2023 (3M)OK126.2
y/y —
0.1
y/y —
—
y/y —
0.1
y/y —
-12.1
y/y —
——1102.2
y/y —
24.8
y/y —
-162.5%267.3Link
2023-03-31Q1 2023 (3M)PARTIAL131.7
y/y —
10.3
y/y —
—
y/y —
10.3
y/y —
26.0
y/y —
23.4—1110.3
y/y —
34.8
y/y —
—266.5Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0501001502023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%0%100%200%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-100-500501002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

01002003002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Oil and Gas E and P

Proved reserves
121 mln boe
2025
Reserve life (R/P)
9.8 yrs
reserves ÷ annual output
Annual production
12.40 mln boe
2025

Production, mln boe

17.05201515.37201614.57201713.33201814.83201915.39202013.91202114.62202212.73202312.18202412.4020253.262026

Proved reserves

YearReserves, mln boe
2025121
2024127
2023123
2022165.30
2021157.60
2020144.40
2019157.40
201884
201774.20

Production

YearProduction, mln boeper day
20263.26 * (3M)
+18.8%		35 691
202512.40
+1.8%		33 978
202412.18
−4.3%		33 378
202312.73
−13.0%		34 877
202214.62
+5.1%		40 066
202113.91
−9.6%		38 118
202015.39
+3.8%		42 162
201914.83
+11.3%		40 633
201813.33
−8.5%		36 510

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Brent

Current 86spot vs LTM +12%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -83.7% ▲ +0.8 pp 1d

Main driver: Brent +12% vs LTM; revenue ×1.07 vs costs ×1.03; EBITDA 89→100; at 3.7× EV/EBITDA → -84%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Brent (rev)+80%85.7876.5880.29+12%+5%
Henry Hub Gas (rev)+20%2.923.373.11-13%-8%
Henry Hub Gas (cost)-5%2.923.373.11-13%-8%
Electricity Spot (cost)-2%57.8058.5652.39-1%-11%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue522
LTM EBITDA89
LTM cash costs (revenue − EBITDA)432
2 · Revenue projection
Revenue multiplier — spot×1.069 (+7%)
= Spot revenue558
Revenue multiplier — 3y price×1.023 (+2%)
= 3-year-price revenue534
3 · Costs projection
Cost multiplier — spot×1.030 (+3%)
= Spot cash costs446
Cost multiplier — 3y price×1.031 (+3%)
= 3-year-price cash costs446
4 · EBITDA projection (revenue − costs)
= Spot EBITDA112
= 3-year-price EBITDA88
Conservative EBITDA = min(spot, avg)100
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)3.7x
Target EV = EV/EBITDA × conservative EBITDA369
Net debt236
Target market cap = EV − net debt133
Current market cap534

Upside = target market cap ÷ current − 1 = -83.7%

Life of mine: 9 yrs — before haircut -75.1%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q2126158-19.9%2862-54.4%
2023 Q3142161-11.3%4860-21.4%
2023 Q4132142-6.5%4341+4.7%
2024 Q1141127+11.3%3430+12.0%
2024 Q2143137+4.1%3038-19.4%
2024 Q3121130-6.5%1527-43.7%
2024 Q4120130-7.7%2923+29.8%
2025 Q1130140-7.6%2531-19.6%
2025 Q2122120+1.8%1412+8.8%
2025 Q3128116+10.3%1610+56.0%
2025 Q4122119+2.1%1811+59.8%
2026 Q1150138+8.6%4228+47.2%

Commodity — production, reserves & revenue / cost mix

FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.

Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.

Production & resources

Net production (Mboe/d)

34.0033.8333.6533.4733.3020242025Net production (Mboe/d)

Proved reserves (MMboe)

Reserves life (R/P): 9.8 yr

127.0125.5124.0122.5121.020242025Proved reserves (MMboe)

Proved reserves & production rates by fiscal year

FY endCrude oil equivalent (net, Mboe/d)Proved reserves (net, MMboe)Proved developed (net, MMboe)Proved undeveloped (net, MMboe)
2025-12-3134121——
2024-12-3133.3127——

2025-12-31 · FY

Production & proved reserves

FY2025 average production and year-end proved reserves per W&T Offshore FY2025 results release.

Line itemAmount
Crude oil equivalent (net, Mboe/d)34
Proved reserves (net, MMboe)121

Sources

Production volumes & average realized prices (FY)

Volumes and per-unit realized sales prices come from the issuer's latest Form 10-K production-and-pricing table. Implied product revenue = volume × price; mix shares feed the spot 12-month forecast above.

FY2025 10-K Item 7, Production Volumes & Average Realized Sales Prices table (wti-20251231x10k.htm). Realised prices are reported before/excluding the effect of derivative settlements.

ProductAnnual volumeAvg realized priceImplied revenue (USDm)Share of implied revenue
Crude oil5.1 MMBbls64.09 USD/bbl327.866.6%
Natural gas36,890 MMcf3.90 USD/Mcf143.929.2%
NGLs1.1 MMBbls17.88 USD/bbl20.44.1%
Total (implied product revenue)492.1100.0%

Revenue structure (SEC tags / residual)

Line itemAmount
Total revenues (consolidated)501.5USD mln

Selected expenses (SEC tags)

Line itemAmount
Lease & well expenses (LOE)2.9USD mln
Depreciation, depletion & amortization116.4USD mln
General & administrative80USD mln
Income tax expense (benefit)50.9USD mln
Total costs and expenses (consolidated)554.3USD mln

Primary SEC filing for this FY (HTML)

2024-12-31 · FY

Production & proved reserves

FY2024 comparatives per W&T Offshore FY2025 results release.

Line itemAmount
Crude oil equivalent (net, Mboe/d)33.3
Proved reserves (net, MMboe)127

Sources

Revenue structure (SEC tags / residual)

Line itemAmount
Total revenues (consolidated)525.3USD mln

Selected expenses (SEC tags)

Line itemAmount
Lease & well expenses (LOE)2.8USD mln
Depreciation, depletion & amortization143USD mln
General & administrative82.4USD mln
Income tax expense (benefit)-10USD mln
Total costs and expenses (consolidated)567.5USD mln

Primary SEC filing for this FY (HTML)

2023-12-31 · FY

Production & proved reserves

No production / reserves detail wired for this fiscal year yet.

Revenue structure (SEC tags / residual)

Line itemAmount
Total revenues (consolidated)532.7USD mln

Selected expenses (SEC tags)

Line itemAmount
Lease & well expenses (LOE)2.5USD mln
Depreciation, depletion & amortization114.7USD mln
General & administrative75.5USD mln
Interest expense44.7USD mln
Income tax expense (benefit)18.3USD mln
Total costs and expenses (consolidated)503.2USD mln

Primary SEC filing for this FY (HTML)

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -5% vs -1% the year before — a -3.1 pp move. 3-year CAGR —.
revenue growth by year: 2024 -1% · 2025 -5%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 9.6x · 3-year average 7.9x

EV/EBITDA3-year 75th pct

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-210.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2026-03-190.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2025-11-190.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2025-08-180.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2025-05-200.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2025-03-170.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2024-11-210.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2024-08-200.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2024-05-230.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2024-03-150.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)
2023-11-270.01 USDEx-dividend: 0.01 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.wtoffshore.com/investors/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of W&T Offshore, Inc. (WTI) — from primary filings.

Gulf of Mexico shelf and deepwater independent oil and gas producer.

Frequently asked questions

What is W&T Offshore, Inc. (WTI)'s EV/EBITDA?
W&T Offshore, Inc. (WTI) trades at 9.8x EV/EBITDA.
What is W&T Offshore, Inc. (WTI)'s dividend yield?
W&T Offshore, Inc. (WTI)'s trailing 12-month dividend yield is 1.0%.
What is W&T Offshore, Inc. (WTI)'s return on equity (ROE)?
W&T Offshore, Inc. (WTI)'s ROE is 42.8%.
What is W&T Offshore, Inc. (WTI)'s market capitalization?
W&T Offshore, Inc. (WTI)'s market cap is 567 mln USD.