W&T Offshore Declares $0.01 Q1 Dividend as Crude Prices Jump 6%
W&T Offshore declared a $0.01 per share Q1 2026 dividend payable March 26 to shareholders of record on March 19, marking its ninth consecutive quarterly payout. West Texas Intermediate crude futures surged 6% after Iran intensified strikes, potentially boosting revenue for Gulf of Mexico offshore producers.
1. Dividend Declaration
W&T Offshore’s Board approved a $0.01 per share cash dividend for Q1 2026, payable on March 26 to shareholders of record as of March 19. This marks the company’s ninth consecutive quarterly dividend since initiating payouts in November 2023.
2. Oil Price Surge
West Texas Intermediate crude futures climbed roughly 6% after Iran intensified strikes on oil-producing nations, driving benchmark prices to multi-month highs. Higher crude prices may translate into elevated cash flow and earnings for offshore producers like W&T Offshore.
3. Company Profile
W&T Offshore holds working interests in 50 fields across federal and state waters of the Gulf of Mexico, with approximately 624,700 gross lease acres. The company operates the majority of its wells, with 43 fields in federal waters and seven in state waters, supporting its daily production.