W&T Offshore Q3 revenue jumps 31% on higher production
WTI•W&T Offshore’s third-quarter revenue rose 31% year over year to $167.08 million, beating the $143.48 million analyst estimate. The company posted a $13.65 million net loss and adjusted net income of $0.01 per share.
1. Revenue and production
W&T Offshore said third-quarter production rose 10% from the second quarter and exceeded guidance, supporting revenue growth. Seven workover projects and one recompletion during the quarter also positively affected production and revenue.
2. Outlook and financing
The company expects fourth-quarter 2026 production of 2,945–3,250 MBoe, or 32.0–35.3 MBoe per day, and full-year production of 12,227–13,560 MBoe, or 33.5–37.2 MBoe per day. It now expects 2026 capital expenditures of $35 million to $38 million, citing accelerated projects. On October 1, 2026, it converted its credit facility to a reserve-based structure.
