WTI on NYSE

W&T OFFSHORE INC

American crude petroleum and natural gas company based in Houston. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerWTI on NYSE2
  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersHouston, United States2
  • Incorporated inTX3
  • Business address5718 Westheimer Rd, Suite 700, Houston, Tx 77057-57453
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formFor-Profit Corporation2
  • LEI549300Q7EOY2YIO3YK852
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O C T CORPORATION SYSTEM, 75201 Dallas, United States2
  • Registered withCorporations Section (Texas Secretary of State), 08003356202

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W&T Offshore, Inc. (“we,” “our” or “us”) is a publicly held Texas corporation. We are an independent oil and natural gas producer with substantially all our operations offshore in the Gulf of America. We are active in the acquisition, exploration and development of oil and natural gas properties. We operate in one reportable segment.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.5%Operating margin5
-29.9%Net margin5
-4.5%Revenue growth, 20255

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil and Condensate brought in 65% of the revenue W&T OFFSHORE INC broke down this way in fiscal 2025.

  1. Oil and Condensate$327.8M565%down 17% from 2024
  2. Natural Gas, Production$143.9M529%up 58% from 2024
  3. Natural Gas Liquids (NGL)$20.4M54%down 27% from 2024
  4. Product and Service, Other$9.3M52%down 14% from 2024
Products and services by year
Products and services202320242025
Oil and Condensate$381.4M$395.6M$327.8M
Natural Gas, Production$110.2M$90.9M$143.9M
Natural Gas Liquids (NGL)$32.4M$28.0M$20.4M
Product and Service, Other$8.7M$10.8M$9.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs90¢$450.5M
  • Income tax10¢$50.9M

Out of $501.5M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid8¢$6.0M
  • Kept or used elsewhere92¢$71.2M

Out of $77.2M of cash from operations.5

Financial statements

Revenue67895$501.5M in 2025−6% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $534.9M$534.9M20192020: $346.6M$346.6M2020−35%2021: $558.0M$558.0M2021+61%2022: $921.0M$921.0M2022+65%2023: $532.7M$532.7M2023−42%2024: $525.3M$525.3M2024−1%2025: $501.5M$501.5M2025−5%
Operating income67895-$52.8M in 2025
-$200.0M0$200.0M$400.0M$600.0M2019: $118.5M$118.5M20192020: $801.0K$801.0K2020−99%2021: $189.7M$189.7M2021+23578%2022: $454.1M$454.1M2022+139%2023: $29.5M$29.5M2023−94%2024: -$42.2M-$42.2M20242025: -$52.8M-$52.8M2025+25%
Net income67895-$150.1M in 2025
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2019: $74.1M$74.1M20192020: $37.8M$37.8M2020−49%2021: -$41.5M-$41.5M20212022: $231.1M$231.1M20222023: $15.6M$15.6M2023−93%2024: -$87.1M-$87.1M20242025: -$150.1M-$150.1M2025+72%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenues$501.5M$525.3M$532.7M
Lease operating expenses$298.8M$281.5M$257.7M
Gathering, transportation and production taxes$25.7M$28.2M$26.2M
Depreciation, depletion, and amortization$116.4M$143.0M$114.7M
Asset retirement obligations accretion$33.4M$32.4M$29.0M
General and administrative expenses$80.0M$82.4M$75.5M
Total operating expenses$554.3M$567.5M$503.2M
Operating (loss) income-$52.8M-$42.2M$29.5M
Interest expense, net$36.5M$40.5M$44.7M
Loss on extinguishment of debt$15.0M
Derivative gain, net-$13.6M-$3.6M-$54.8M
Other expense, net$8.4M$18.1M$5.6M
(Loss) income before income taxes-$99.1M-$97.1M$33.9M
Income tax expense (benefit)$50.9M-$10.0M$18.3M
Net (loss) income-$150.1M-$87.1M$15.6M
Net (loss) income common share - Basic (in dollars per share)-$1.01-$0.59$0.11
Net (loss) income common share - Diluted (in dollars per share)-$1.01-$0.59$0.11
Weighted average common shares outstanding - basic (in shares)148.2M shares147.1M shares146.5M shares
Weighted average common shares outstanding - diluted (in shares)148.2M shares147.1M shares148.3M shares

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Leadership

Who has led W&T OFFSHORE INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tracy W. Krohn2006–now

Chair

  1. Tracy W. Krohn2006–now

President

  1. Tracy W. Krohn2006–2008
  2. Jamie L. Vazquez2008–2016

Chief financial officer

  1. John D. Gibbons2007–2016
  2. Sunghee Janet Yang2022–2023
  3. Sameer Parasnis2023–now

Chief operating officer

  1. Stephen L. Shroeder2006–2012
  2. William J. Williford2022–now
2010201520202025
Board members and other officers (29)

Timeline

  1. Sep 13, 2006New chief executive Tracy W. Krohn becomes CEO13
  2. Apr 27, 2004Founded W&T OFFSHORE INC is founded2

Filings

282 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 72 major events, 138 insider forms, 10 large holders, 42 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Sep 28, 2026SD EDGAR
  3. Aug 12, 2026SCHEDULE 13G/A EDGAR
  4. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Aug 7, 20268-K EDGAR
  10. Aug 5, 202610-Q EDGAR
  11. Aug 5, 20268-K EDGAR
  12. Jul 16, 2026144 EDGAR
  13. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jul 16, 20264 OWNERSHIP DOCUMENT EDGAR

The 282 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 2 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 16, 2026Conwill Daniel O. IVDirectorSale60,000$3.41$204.6KForm 4
Jul 15, 2026CHANG NANCY TDirectorSale60,000$3.31$198.6KForm 4
Jul 14, 2026Williford William JEVP & Chief Operating OfficerSale30,000$3.56$106.8KForm 4
Jul 14, 2026Parasnis SameerEVP & Chief Financial OfficerSale30,000$3.56$106.8KForm 4
Jul 14, 2026Hittner GeorgeEVP, GC & Corporate SecretarySale30,000$3.53$105.9KForm 4
Jul 14, 2026Hartman Bart P. IIIVP & Chief Accounting OfficerSale6,000$3.54$21.2KForm 4
Jul 14, 2026Gamblin HuanEVP & Chief Technical OfficerSale30,000$3.55$106.5KForm 4
Jul 14, 2026Boulet VirginiaDirectorSale60,000$3.54$212.4KForm 4
Oct 2, 2025KROHN TRACY WChairman, CEO & PresidentBuy250,000$1.84$460.0KForm 4
Oct 1, 2025KROHN TRACY WChairman, CEO & PresidentBuy36,842$1.84$67.8KForm 4
Mar 21, 2022Ghauri ShahidSee RemarksSale116,411$4.50$523.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.8,274,705$26.1M0.0%+612,821
D. E. Shaw & Co., Inc.6,230,774$19.6M0.0%+3,304,640
Goldman Sachs Group Inc5,002,293$15.8M0.0%+130,309
Vanguard Capital Management LLC4,336,469$13.7M0.0%+173,667
Vanguard Portfolio Management LLC3,647,103$11.5M0.0%+870,591
Ameriprise Financial Inc3,577,996$11.3M0.0%+428,298
Nuveen, LLC3,411,682$10.7M0.0%+3,155,199
Two Sigma Investments, LP2,961,478$9.3M0.0%−2,176,627
Geode Capital Management, LLC2,840,526$8.9M0.0%+396,868
Aqr Capital Management LLC2,720,068$8.6M0.0%+1,980,998
State Street Corp2,513,723$7.9M0.0%−157,516
First Trust Advisors LP2,092,251$6.6M0.0%+1,743,451
Charles Schwab Investment Management Inc1,989,492$6.3M0.0%−397,967
Morgan Stanley1,941,843$6.1M0.0%+35,590
Dimensional Fund Advisors LP1,618,427$5.1M0.0%+1,299,141
Algert Global LLC1,589,137$5.0M0.1%+1,033,167
Mackenzie Financial Corp1,518,380$4.8M0.0%New
Huber Capital Management LLC1,391,668$4.4M0.6%−338,555
Millennium Management LLC1,350,970$4.3M0.0%+415,903
Tudor Investment Corp Et Al1,268,610$4.0M0.0%+152,200
Marshall Wace, Llp1,243,573$3.9M0.0%−1,946,792
Bank of New York Mellon Corp1,140,172$3.6M0.0%+2,729
Connor, Clark & Lunn Investment Management Ltd.1,064,305$3.4M0.0%+627,842
Renaissance Technologies LLC920,800$2.9M0.0%+330,500
Northern Trust Corp885,922$2.8M0.0%+28,514

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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