W&T Offshore Q2 FY26 returns to profit with net income of USD 12.56 million; revenue rises 33% to USD 162.62 million on year - WTI News | RalliesW&T Offshore Q2 FY26 returns to profit with net income of USD 12.56 million; revenue rises 33% to USD 162.62 million on year
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WTI• Production and outlook
- Second-quarter output totaled 35,000 boe/d, up 3% from Q2 2025.
- Third-quarter production guidance is 33,000-37,000 boe/d.
Dividend and litigation note
- The board declared a USD 0.01 per share dividend payable Aug. 26.
- Management said potential surety-litigation claims could reach hundreds of millions, subject to trebling.
Quarterly profit, revenue and cash flow improve
- W&T Offshore posted net income of USD 12.56 million, or USD 0.08 a share, swinging from a loss in Q1 2026.
- Revenue rose 8% from Q1 to USD 162.62 million, as average realized oil-equivalent pricing climbed 11% to USD 50.23 per boe.
- Free cash flow increased 50% from Q1 to USD 31.38 million; unrestricted cash grew , cutting net debt .
15% to USD 150.68 million
9% to USD 200.89 million
