W&T Offshore posts $21M free cash flow as production holds steady
W&T Offshore (NYSE: WTI) reported Q1 2026 results, including $150.0 million in revenue, a net loss of $22.5 million, Adjusted EBITDA of $54.5 million, and free cash flow of $21.0 million. The company maintained production at 36.2 MBoe/d and declared a Q2 2026 dividend of $0.01 per share. Despite a net loss, W&T Offshore demonstrated strong operational performance with increased Adjusted EBITDA and positive free cash flow, alongside reduced lease operating expenses.