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 |
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
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
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, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T Offshore" or the "Company") today announced the closing, on January 28, 2025, of its previously announced offering of $350 million in aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 (the "Notes") at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and receipt of proceeds from a previously-announced insurance settlement. In conjunction with the issuance of the Notes, the Company entered into a credit agreement with certain lenders and other parties which provides the Company a revolving credit facility of $50 mi
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") announced today the initial results of its previously announced cash tender offer (the "Tender Offer") relating to any and all of its outstanding 11.750% senior second lien notes due 2026 (the "2026 Senior Second Lien Notes") pursuant to its Offer to Purchase and Consent Solicitation dated January 13, 2025 (the "Offer to Purchase"). In conjunction with the Tender Offer, the Company also solicited consents (the "Consent Solicitation") from the holders of the 2026 Senior Second Lien Notes for the adoption of proposed amendments (the "Proposed Amendments"), which, among other things, eliminated s
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)
4 - W&T OFFSHORE INC (0001288403) (Issuer)