W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interest in approximately 43 offshore fields in federal and state waters. The company also owns interest in approximately 146 offshore structures. It has interests in offshore leases covering approximately 506,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2020, its total proved reserves were 144.4 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.
IPO Year: 2005
Exchange: NYSE
Website: wtoffshore.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2022 | $9.10 | Buy | Stifel |
| 10/20/2021 | $5.09 → $6.90 | Hold → Buy | Stifel |
| 7/26/2021 | $4.50 → $5.50 | Buy | Roth Capital |
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HOUSTON, Aug. 04, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company," "we" or "us") today reported operational and financial results for the second quarter of 2025, declared a third quarter 2025 dividend of $0.01 per share and celebrated 20 years as a public company on the NYSE by ringing the closing bell. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under "Non-GAAP Information." Key highlights for the second quarter of 2025 and through the date o
HOUSTON, July 30, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced that Tracy Krohn, W&T's Founder, Chairman, CEO and President will ring the closing bell at the New York Stock Exchange ("NYSE") on Monday, August 4, 2025, to commemorate the Company's 20th anniversary as a NYSE-listed company. W&T's Board of Directors and senior management team will also participate in the ceremony. Live coverage of the event will begin on Monday, August 4, 2025, at 3:55 p.m. ET and will be available for streaming at www.NYSE.com/bell. An archived version of the ceremony will be posted to W&T's Web site, www.wtoffshore.com, in the "Investors" section on the "Overview" p
HOUSTON, July 25, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its second quarter 2025 earnings release and conference call. The Company said it will issue its second quarter 2025 earnings release on Monday, August 4, 2025, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Tuesday, August 5, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will also be we
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced that U.S. Magistrate Judge Dena Palermo recommended denying two surety companies motions for preliminary injunction, through which they collectively asked for full monetization of over $100 million dollars. The Court found, in relevant part, the sureties failed to demonstrate they would suffer irreparable harm if their cash collateral demands were not granted. Key highlights relating to the ruling include: Sureties' motion for preliminary injunction, which would have required W&T to immediately post collateral, was categorically recommended to be denied;Sureties faile
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced that it has come to a settlement agreement with two of its largest surety providers which calls for the dismissal of a previously filed lawsuit. The settlement agreement requires the surety providers to withdraw their current collateral demands, and further provides that the surety providers may not make additional collateral demands or increase premiums through December 31, 2026. Key highlights for the settlement agreement include: Dismissal of all claims by the applicable party in the lawsuit, without prejudice;Two participating surety providers, together with W&T's oth
HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced that its Board of Directors (the "Board") appointed Mr. John D. Buchanan as Presiding Director for 2025. He has served in that role since the 2024 Annual General Meeting and will continue as Presiding Director this year. Mr. Buchanan joined the Board in April 2024 and has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney, in addition to his prior service as a military officer. Tracy W. Krohn, W&T's Chairman and Chief Executive Officer stated, "We are very pleased that our Board has named John as our continuing Presiding Director. That
HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company," "we" or "us") today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under "Non-GAAP Information." Key highlights for the first quarter of 2025 and through the date of this press release include: Produced 30.5 thousand barrels of oil equivalent per day ("MBoe
HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its first quarter 2025 earnings release and conference call. The Company said it will issue its first quarter 2025 earnings release on Tuesday, May 6, 2025, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Wednesday, May 7, 2025, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will also be webca
HOUSTON, April 03, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced its participation in a fireside chat with Water Tower Research ("WTR") on Monday, April 7, 2025 at 10:00 AM Central Time. As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Tracy Krohn, W&T's Chairman and Chief Executive Officer, to discuss W&T's strategy for creating value in the Gulf of America. A variety of important topics will be covered including: Characteristics of an attractive Gulf of America asset acquisition;Adding value through exploitation and cost management;The production outlook fo
HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the promotion of Huan Gamblin to Executive Vice President and Chief Technical Officer. Mr. Gamblin has over 20 years of energy industry experience. Tracy W. Krohn, Chairman and CEO, commented, "We are very pleased to promote Huan to Executive Vice President and Chief Technical Officer, where he will become an integral part of our executive leadership team. Mr. Gamblin has extensive industry experience and over the past four plus years has taken on more responsibilities at W&T and has been instrumental in our acquisitions strategy. We look forward to Huan's continued contribut
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HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced that its Board of Directors (the "Board") appointed Mr. John D. Buchanan as Presiding Director for 2025. He has served in that role since the 2024 Annual General Meeting and will continue as Presiding Director this year. Mr. Buchanan joined the Board in April 2024 and has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney, in addition to his prior service as a military officer. Tracy W. Krohn, W&T's Chairman and Chief Executive Officer stated, "We are very pleased that our Board has named John as our continuing Presiding Director. That
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary, effective September 1, 2024. Mr. Hittner brings a unique and extensive combination of legal, corporate and legislative experience in both the public and private sectors. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are excited to have George join our executive team at W&T. His twenty-plus years serving as an attorney in law firms, as general counsel, and in government will help continue to propel W&T's strategic goals." Before founding his ow
HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company" or "W&T") today announced the appointment of John Poole to the position of Vice President Health, Safety, Environmental and Regulatory ("HSE&R"). Mr. Poole will assist in W&T continuously building upon its stellar safety and environmental record by applying decades of HSE&R experience in the Gulf of Mexico. He will report to William Williford, W&T's Executive Vice President and Chief Operating Officer. Tracy W. Krohn, Chairman and CEO, commented, "We are very pleased to be adding John as our Vice President of HSE&R, where he will become an important member of our senior leadership team. W&T has a foun
HOUSTON, June 22, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Financial Officer, effective July 3, 2023. Mr. Parasnis will report to Tracy Krohn, W&T's Chairman and CEO. Mr. Parasnis has 25 years of financial and operational experience, of which 20 have been in banking. He has advised companies in the Oil & Gas and Energy Transition industry on equity capital markets, debt capital markets and strategic M&A. Prior to joining W&T, Mr. Parasnis served as Managing Director of Stifel Financial Corporation's Energy & Energy Transition team in Houston. He
HOUSTON, June 15, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of Jonathan Curth to Executive Vice President, General Counsel and Corporate Secretary, effective June 14, 2022. Mr. Curth has extensive legal experience working with public exploration and production ("E&P") companies. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are excited to have Jonathan join our great executive team at W&T. His many years serving as both an attorney with international law firms and as general counsel at public E&P companies, and, in particular, his involvement with acquisitions, capital markets and corporate transa
HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced that Stephen L. Schroeder, Senior Vice President and Chief Technical Officer, is retiring effective June 1, 2022. Mr. Schroeder joined W&T in 1998 as a Staff Reservoir Engineer and has since served in a variety of management roles including Production Manager, Vice President of Production, and Senior Vice President and Chief Operating Officer, until assuming his current role in 2012. Prior to W&T, Mr. Schroeder was with Exxon USA for 12 years. Huan Gamblin, who currently serves as Manager of Acquisition and Divestiture, is being promoted to Vice President of Business Developmen
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Stifel resumed coverage of W&T Offshore with a rating of Buy and set a new price target of $9.10
Stifel upgraded W&T Offshore from Hold to Buy and set a new price target of $6.90 from $5.10 previously
Roth Capital reiterated coverage of W&T Offshore with a rating of Buy and set a new price target of $5.50 from $4.50 previously
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HOUSTON, Aug. 04, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company," "we" or "us") today reported operational and financial results for the second quarter of 2025, declared a third quarter 2025 dividend of $0.01 per share and celebrated 20 years as a public company on the NYSE by ringing the closing bell. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under "Non-GAAP Information." Key highlights for the second quarter of 2025 and through the date o
HOUSTON, July 25, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its second quarter 2025 earnings release and conference call. The Company said it will issue its second quarter 2025 earnings release on Monday, August 4, 2025, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Tuesday, August 5, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will also be we
HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company," "we" or "us") today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under "Non-GAAP Information." Key highlights for the first quarter of 2025 and through the date of this press release include: Produced 30.5 thousand barrels of oil equivalent per day ("MBoe
HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its first quarter 2025 earnings release and conference call. The Company said it will issue its first quarter 2025 earnings release on Tuesday, May 6, 2025, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Wednesday, May 7, 2025, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will also be webca
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company" or "us") today reported operational and financial results for the fourth quarter and full year 2024, including the Company's year-end 2024 reserve report. Detailed guidance for the first quarter of 2025 and full year 2025 was also provided, and W&T announced its dividend for the first quarter of 2025. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10 which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under "Non-GAAP Information." Key highlights f
HOUSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. ("W&T" or the "Company") (NYSE:WTI) today announced the timing of its fourth quarter and full year 2024 earnings release and conference call. The Company will issue its fourth quarter and full year 2024 earnings release on Monday, March 3, 2025, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Tuesday morning, March 4, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference C
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T," the "Company" or "us") today reported operational and financial results for the third quarter of 2024 and declared a fourth quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net (Loss) Income, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP financial measures below in the accompanying tables under "Non-GAAP Information." Key highlights for the third quarter of 2024 and through the date of this press release include: Produced 31.0 thousand barrels of oil equivalent per day ("
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company said it will issue its third quarter 2024 earnings release on Thursday, November 7, 2024, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Friday morning, November 8, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will als
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today reported operational and financial results for the second quarter of 2024 and declared a third quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow, Net Debt and PV-10, which are described and reconciled to the most comparable GAAP financial measures below in the accompanying tables under "Non-GAAP Information." Key highlights for the second quarter of 2024 and through the date of this press release include: Produced 34.9 thousand barrels of oil equivalent per day ("MBoe/d"
HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) (the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. The Company said it will issue its second quarter 2024 earnings release on Tuesday, August 6, 2024, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Wednesday morning, August 7, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the "W&T Offshore, Inc. Conference Call." This call will als
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