W&T OFFSHORE INC

W&T Offshore, Inc. entered into a First Amendment to the employment agreement with its Chief Executive Officer and President, Tracy W. Krohn, effective August 5, 2026. The amendment establishes Mr. Krohn's annual base salary at no less than $1,000,000, subject to annual review and potential increases but no decreases. All other material terms of the original employment agreement remain unchanged.

W&T Offshore, Inc. reported a net income of $12.6 million, or $0.08 per diluted share, for the second quarter of 2026, a substantial improvement from a net loss in the prior year. Total revenues for the quarter increased to $162.6 million. For the first six months of 2026, the company significantly reduced its net loss to $10.0 million and saw an increase in net cash provided by operating activities. The Board also declared a quarterly dividend of $0.01 per share and made significant share-based compensation grants, supported by an increase in available shares under its long-term incentive plan.

W&T Offshore, Inc. reported strong financial and operational results for the second quarter of 2026, with net income reaching $12.6 million and Free Cash Flow increasing by 50% to $31.4 million. The company also saw a 15% increase in unrestricted cash and a 9% decrease in Net Debt, strengthening its balance sheet. Additionally, W&T Offshore declared its 12th consecutive quarterly dividend of $0.01 per share for the third quarter of 2026.

W&T Offshore reported strong operational and financial results for the second quarter of 2026. The company achieved a net income of $12.6 million, a significant turnaround from a net loss in the previous quarter, and generated Adjusted EBITDA of $54.4 million. Free Cash Flow increased by 50% to $31.4 million, while production met guidance at 34.7 MBoe/d. W&T Offshore also strengthened its balance sheet by growing unrestricted cash to $150.7 million and reducing Net Debt to $200.9 million, and declared a quarterly dividend of $0.01 per share.

W&T Offshore, Inc. announced the schedule for its second quarter 2026 financial results. The company plans to release its earnings on Wednesday, August 5, 2026, after the close of trading on the NYSE. A conference call to discuss these results will be held the following day, Thursday, August 6, 2026, at 9:00 a.m. Central Time, with webcast and replay options available.

W&T Offshore, Inc. held its 2026 annual meeting of shareholders, where several key proposals were approved. Shareholders voted to increase the number of shares available for issuance under the Company's 2023 Incentive Compensation Plan from 10,000,000 to 22,000,000. Additionally, six directors were elected, the compensation of named executive officers was approved on an advisory basis, and Deloitte & Touche LLP was ratified as the independent auditor for the year ending December 31, 2026.

W&T Offshore reported a net loss of $(22.5) million for the first quarter of 2026, an improvement from a net loss of $(30.6) million in the prior year's quarter. Total revenues increased by 15.5% to $150.0 million. The company also declared a regular quarterly dividend of $0.01 per share for both the first and second quarters of 2026, while facing a significant increase in derivative losses and a worsening shareholders' deficit.

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.

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. The company produced 36.2 MBoe/d, at the high end of guidance, and significantly reduced lease operating expenses. Despite a GAAP net loss of $(22.5) million, Adjusted Net Loss was near breakeven at $(0.7) million, and the company declared a Q2 2026 dividend of $0.01 per share.

W&T Offshore, Inc. announced the schedule for its first quarter 2026 earnings release and conference call. The company plans to issue its Q1 2026 earnings release on Thursday, May 7, 2026, after the close of trading. A conference call to discuss the results will follow on Friday, May 8, 2026, at 9:00 a.m. Central Time, with webcast access available on the company's website.