W&T Offshore (WTI)
Produces oil, NGLs, and natural gas from offshore Gulf fields.
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Runs a single Gulf offshore E&P business that acquires, develops, and produces oil, NGLs, and natural gas. Revenue follows commodity prices, while operations are concentrated in mature offshore fields shaped by weather, infrastructure access, reserve replacement, decommissioning obligations, and BOEM oversight.
Acquires, develops, and produces oil, NGLs, and natural gas through a single reportable offshore production business. The portfolio is concentrated in Gulf of America fields across conventional shelf, deepwater, and Alabama state waters, with revenue coming from commodity sales rather than branded products.
Operations emphasize mature-field acquisition, production enhancement, and technical Gulf execution. Repeated property purchases include recent Cox shallow-water fields that were brought online after production-enhancement work.
Revenue and cash flow follow oil, NGL, and natural gas prices. The operating base depends on Gulf weather, third-party pipelines and processing, reserve replacement, offshore permits, BOEM financial assurance, and end-of-life plugging, removal, and restoration obligations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 21, 2026 | Roth Capital | Target | Target: — | Target: $4.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $150.7M · Total debt $353.4M · Total assets $959.5M · Shareholders' equity −$196.2M
- Revenue
- $162.6M
- Operating income
- $22.6M
- Net income
- $12.6M
HistoryDividendAnnual yield
| Institutions | ≈ 54.37% | 82.06M shares | |
|---|---|---|---|
| 189 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.64% | 2.48M shares | |
| 10 holders · as of Aug 11, 2026 | |||
| Other | ≈ 43.99% | 66.40M shares | |
| remainder | |||
150.94M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 5.48% | 8.27M | as of Jun 30, 2026 |
D. E. Shaw & Co., Inc.Institution | 4.13% | 6.23M | as of Jun 30, 2026 |
The Vanguard GroupInstitution | 3.79% | 5.73M | filed Feb 10, 2021 |
Goldman Sachs Group IncInstitution | 3.31% | 5.00M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.87% | 4.34M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 14, 2026 | Virginia Boulet | director | −60,000 | $3.54 |
| Jul 14, 2026 | Huan Gamblin | officer: EVP & Chief Technical Officer | −30,000 | $3.55 |
| Jul 14, 2026 | Bart P. III Hartman | officer: VP & Chief Accounting Officer | −6,000 | $3.54 |
| Jul 14, 2026 | George Hittner | officer: EVP, GC & Corporate Secretary | −30,000 | $3.53 |
| Jul 14, 2026 | Sameer Parasnis | officer: EVP & Chief Financial Officer | −30,000 | $3.56 |
- Talos Energy
Pure-play offshore E&P overlap in Gulf fields and leases
- Murphy Oil
Gulf offshore oil production and lease-sale overlap
- Kosmos Energy
Deepwater Gulf production with shared oil-weighted exposure
- Shell (ADR)
Major Gulf deepwater operator and ADR-listed scale rival
- BP (ADR)
ADR-listed major with active Gulf project and production overlap
- Chevron
Large NYSE upstream peer in Gulf deepwater leases and production
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| W&T Offshore | $3.74 | +2.33% | $543.0M | — | — | 1.0 | +32.9% |
| Talos Energy | $16.32 | +1.46% | $2.69B | — | 14.2 | 1.4 | +56.5% |
| Murphy Oil | $36.13 | +2.11% | $5.07B | 17.5 | 12.8 | 1.7 | +35.9% |
| Kosmos Energy | $2.60 | +0.97% | $1.25B | — | 6.3 | 0.8 | +56.8% |
| Shell (ADR) | $94.82 | +0.95% | $261.89B | 10.4 | 9.1 | 0.9 | +44.7% |
| BP (ADR) | $44.21 | +2.56% | $113.03B | 21.5 | 7.8 | 0.5 | +46.5% |
| Chevron | $205.63 | +1.58% | $403.16B | 19.4 | 12.8 | 1.9 | +57.9% |
| Median | 18.5 | 11.0 | 1.1 | +51.5% |