W&T Offshore posts Q3 2026 results above guidance and declares $0.01 dividend
W&T Offshore reported third‑quarter 2026 production of 38.2 thousand barrels of oil equivalent per day, 4% above the high end of its guidance. The company posted revenue of $167.1 million, a net loss of $13.6 million and adjusted EBITDA of $51.1 million. It declared a quarterly dividend of $0.01 per share and converted its credit facility to a reserve‑based lending structure, expanding borrowing capacity to $100 million. Cash rose to roughly $191 million and net debt fell to about $160 million.
Why it matters
The higher cash balance and lower net‑debt ratio improve liquidity and financial flexibility, supporting the announced dividend and potential acquisitions (the company said the cash will be used for strategic growth). The credit‑facility conversion could allow borrowing up to $100 million, enhancing capital‑raising options.
Key facts
- 1Produced 38.2 thousand barrels of oil equivalent per day, 4% above the high end of guidance. stocktitan.net
- 2Revenue was $167.1 million, up 31% year‑over‑year. investing.com
- 3Net loss was $13.6 million, or $(0.09) per diluted share. stocktitan.net
- 4Adjusted EBITDA was $51.1 million, a 30% increase versus Q3 2025. stocktitan.net
- 5Unrestricted cash and cash equivalents grew 27% to $191.3 million. stocktitan.net
- 6Net debt decreased 20% to $160.7 million. stocktitan.net
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.