Quarterly ResultMay 7, 2026, 04:44 PM
W&T Offshore Q1 Adjusted EBITDA $54.5M, FCF $21.0M; Declares $0.01 Dividend
AI Summary
W&T Offshore reported strong operational and financial results for Q1 2026, with Adjusted EBITDA increasing 137% to $54.5 million and Free Cash Flow reaching $21.0 million, a significant improvement from the prior quarter. The company produced 36.2 MBoe/d, at the high end of guidance, and reduced lease operating expenses by 22% year-over-year. W&T also declared a second quarter 2026 dividend of $0.01 per share.
Key Highlights
- Adjusted EBITDA increased 137% to $54.5 million in Q1 2026 from Q4 2025.
- Generated $21.0 million in Free Cash Flow in Q1 2026, up from $(11.2) million in Q4 2025.
- Produced 36.2 MBoe/d (53% liquids) in Q1 2026, flat with Q4 2025 and up 19% YoY.
- Reduced lease operating expenses (LOE) to $66.1 million, or $20.29 per Boe, down 22% YoY.
- Reported Q1 2026 net loss of $(22.5) million, or $(0.15) per diluted share.
- Adjusted Net Loss was $(0.7) million, or $(0.00) per diluted share.
- Declared a second quarter 2026 dividend of $0.01 per share.
- Full year 2026 capital expenditure guidance is $19.5 million to $24.5 million.
Price Impact
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