W&T Offshore Inc
NYSE:WTI
W&T Offshore Inc
W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 323 full-time employees. The company went IPO on 2005-01-28. The firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The firm has interest in approximately 43 offshore producing fields in federal and state waters and has under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico deep-water. The Company’s properties include Mississippi Canyon 243 (Matterhorn), Mississippi Canyon 582 (Medusa), Mississippi Canyon 698 (Big Bend), Mississippi Canyon 800 (Gladden),Viosca Knoll 823 (Virgo), Viosca Knoll 783 (Tahoe/SE Tahoe), Ewing Bank 910, Ship Shoal 349 (Mahogany), Ship Shoal 28, Main Pass 108, Magnolia Field, and Fairway. The Mississippi Canyon 243 field is located approximately 100 miles southeast of New Orleans, Louisiana in 2,552 feet of water.
W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 323 full-time employees. The company went IPO on 2005-01-28. The firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The firm has interest in approximately 43 offshore producing fields in federal and state waters and has under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico deep-water. The Company’s properties include Mississippi Canyon 243 (Matterhorn), Mississippi Canyon 582 (Medusa), Mississippi Canyon 698 (Big Bend), Mississippi Canyon 800 (Gladden),Viosca Knoll 823 (Virgo), Viosca Knoll 783 (Tahoe/SE Tahoe), Ewing Bank 910, Ship Shoal 349 (Mahogany), Ship Shoal 28, Main Pass 108, Magnolia Field, and Fairway. The Mississippi Canyon 243 field is located approximately 100 miles southeast of New Orleans, Louisiana in 2,552 feet of water.
Production Growth: Q3 2025 production rose 6% quarter-over-quarter to 35,600 barrels of oil equivalent per day, near the high end of guidance.
Cost Control: Lease operating expense fell 8% from Q2 to $76.2 million, or about $23 per BOE, reflecting effective cost management.
EBITDA Increase: Adjusted EBITDA grew 11% quarter-over-quarter to $39 million, even with lower commodity prices.
Stronger Balance Sheet: Net debt was reduced by $60 million year-to-date, with unrestricted cash up to $125 million.
Dividend Continuity: The company paid its eighth consecutive quarterly dividend and announced the next payment for Q4.
Capital Investment: 2025 capital expenditures are now expected to be about $60 million, up from earlier in the year, to support infrastructure and production.
Positive Outlook: Q4 2025 production is guided to around 36,000 BOE/d, with per-barrel operating costs expected to decline further.
No Regulatory Disruption: Recent government shutdowns had no impact on operations or permitting.
