NYSE$WTI

W&T Offshore Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

W&T Offshore Inc reported a net loss of $20.9 million for the second quarter of 2025.

W&T Offshore recorded total revenues of $122.4 million in Q2 2025, down from $142.8 million in the prior-year quarter, primarily due to lower oil production and realized prices. The company posted an operating loss of $12.9 million and a net loss of $20.9 million, or $0.14 per share. Cash and cash equivalents stood at $120.7 million at quarter end amid ongoing debt refinancing and asset retirement obligations.

  • Total revenues declined 14% year-over-year to $122.4 million driven by lower oil volumes and prices.
  • Lease operating expenses rose to $76.9 million while DD&A fell sharply to $26.4 million.
  • Net loss widened to $20.9 million from $15.4 million in Q2 2024.
  • Cash position improved to $120.7 million after completing a major debt refinancing in January 2025.

Headline financials

Total Revenue

$122M

Previous: $143M-14.3%
EPS (adj)

-$0.14

Previous: -$0.10-40.0%
Lease operating expense

$76.9M

No prior period
Total production volume

3.1M

No prior period
Gathering, transport & taxes

$5.5M

No prior period
DD&A

$26.4M

No prior period
ARO accretion

$8.68M

No prior period
G&A expenses

$17.7M

No prior period
Interest expense, net

$9.01M

No prior period
Capital Expenditures

-$711K

Previous: -$80.6M+99.1%
Net Income

-$20.9M

Previous: -$15.4M-35.7%
Operating Income

-$12.9M

Previous: -$6.24M-106.1%
Cash & Equivalents

$121M

Previous: $123M-2.1%

Revenue & EPS history

W&T Offshore · Revenue · Quarterly

$122M

Q2 2025-14.3%vs Q2 2024
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Management expects continued focus on liquidity management and potential strategic acquisitions while monitoring commodity prices and tariffs.

Tailwinds

  • Improved cash position post-refinancing
  • Settlement of certain surety disputes

Headwinds

  • Ongoing collateral demands from sureties
  • Exposure to volatile oil and gas prices

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.3%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+28.0%

Q1 2022

Best reaction

-21.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.3%+10.2%-3.7%
Q4 2025+2.9%+9.1%-10.4%
Q3 2025+7.4%-1.0%-3.6%
Q1 2025+9.8%+27.6%+44.8%
Q4 2024-1.3%-3.9%-14.4%
Q3 2024-11.2%-15.3%-27.7%
Q2 2024+3.3%+3.8%-4.2%
Q1 2024+0.4%-2.1%-11.3%
Q4 2023-8.4%-9.8%-4.2%
Q3 2023-6.5%-6.5%-20.9%
Q2 2023-10.0%-5.5%-6.8%
Q1 2023-3.5%-5.3%-2.8%
Q4 2022-3.2%-10.7%-15.7%
Q3 2022-21.4%-13.8%-37.3%
Q2 2022+19.8%+33.9%+33.7%
Q1 2022+28.0%+22.6%+57.7%
Q4 2021-14.0%-19.1%-32.0%
Q3 2021-4.2%-2.8%-20.9%
Q2 2021-21.1%-19.8%-17.0%
Q1 2021-0.6%+3.5%+28.6%
Q4 2020+17.7%+32.6%+18.0%
Q3 2020-4.7%+14.2%+50.0%
Q2 2020+0.4%+6.8%-11.4%
Q1 2020+0.0%-13.2%-3.5%
Q4 2019-11.2%-38.2%-28.7%
Q3 2019-7.6%-2.8%-1.8%
Q2 2019-0.2%-6.1%-1.8%
Q1 2019-16.9%-17.1%-34.2%
Q4 2018+6.3%+10.4%+40.8%
Q3 2018+10.9%+14.8%-12.0%
Q2 2018+2.6%-0.4%-2.4%
Q1 2018+1.3%+10.5%+6.7%
Q4 2017-13.0%-3.7%+8.3%
Q3 2017-1.9%+5.8%+11.5%
Q2 2017+6.7%+2.1%-0.5%
Q1 2017-6.0%+9.0%-1.0%
Q4 2016+11.2%+13.9%+10.4%
Q3 2016-4.3%-0.7%+34.0%
Q2 2016+9.5%+16.2%-1.1%
Q1 2016+7.4%
Q4 2015-6.9%
Q2 2015+7.0%
Q1 2015-11.3%
Q4 2014+7.0%
Q3 2014+7.6%
Q2 2014+16.5%
Q1 2014-4.6%
Q4 2013-2.9%
Q3 2013+1.2%
Q2 2013+0.6%
Q1 2013+12.2%
Q4 2012-5.9%
Q3 2012+5.8%
Q2 2012+6.8%
Q1 2012-9.2%
Q4 2011-2.6%
Q3 2011+1.8%
Q2 2011-18.9%
Q1 2011-3.1%
Q4 2010+3.8%
Q3 2010+2.0%
Q2 2010+5.5%
Q1 2010-4.6%

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