W&T Offshore, Inc. (WTI) Stock

W&T Offshore, Inc. (WTI) is a Energy stock trading at $4.01 (as of 2026-08-20), with a market capitalization of $596.60M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

W&T Offshore, Inc. is an independent oil and natural gas producer that acquires, explores, and develops oil and natural gas properties, with operations focused in the Gulf of Mexico. It has working interests in multiple fields and under lease acreage there, and sells crude oil, natural gas liquids, and natural gas.

Understand W&T Offshore, Inc.: how it makes money

W&T Offshore produces and sells crude oil, natural gas liquids, and natural gas from its Gulf of Mexico properties, and it makes money primarily from those commodity sales tied to production from its working interests and reserves.

Because the company sells three hydrocarbon products, its profit engine is the combination of (1) production volumes from Gulf of Mexico fields where it holds working interests and (2) prevailing market pricing for oil, natural gas, and natural gas liquids, supported by its SEC proved reserve base.

Revenue by segment (latest quarter)
Oil$0.1B
NatGas$0.1B
NGL$0.0B
Other$0.0B
Other$0.1B

Business quality (Solid): Segment revenue is only partially reconciled to total revenue (segments shown sum to 0.15B versus total revenue of 0.2B for 2026-03-31), so the mix view is directionally useful but not complete.

Bull case

  • Multiple product streams: Revenue comes from crude oil, natural gas liquids, and natural gas sales, so performance is not tied to only one commodity.
  • Defined reserve base: The company reports mid-year and proved reserves at SEC pricing, which supports long-term visibility into its underlying asset base.
  • Operational scale in Gulf of Mexico: As of December 31, 2021, it had working interests in 43 fields across federal and state waters, including Gulf of Mexico Shelf and deepwater areas.

Bear case

  • Commodity price sensitivity: Results depend on market conditions for crude oil, natural gas, and natural gas liquids, which can move materially quarter to quarter.
  • Production and reserves risk: If production declines or reserve replacement underperforms, future sales volumes and cash generation can weaken.
  • Operational and location exposure: Operations are concentrated in Gulf of Mexico assets, so Gulf of Mexico-specific operational and regulatory factors can affect output.
Valuation — source: SEC EDGAR (first-party)
Price$4.01
Market Cap$596.60M
EV / EBITDA6.9
Price / Sales1.06
DCF Value (model)$12.85
DCF Upside vs Price220.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$501.46M
Net Margin-29.9%
Revenue Growth (YoY)32.9%
EPS Growth (YoY)-157.1%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.48 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($26.13M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOTracy W. Krohn
Employees400
CountryUS
IPO Date2005-01-28

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • Sable Offshore Corp. (SOC)
  • Riley Exploration Permian, Inc. (REPX)
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  • Granite Ridge Resources, Inc (GRNT)
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  • New Era Energy & Digital, Inc. (NUAI)
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WTI earnings history · WTI institutional & insider holders · WTI KPIs & operating metrics · WTI financials · WTI investor presentations & press releases · WTI SEC filings · WTI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.