WTI · W&T Offshore, Inc.

Summary

W&T Offshore, Inc. furnished preliminary estimated unaudited financial results for the year ended December 31, 2025, reporting a GAAP net loss of $150.1 million or $(1.01) per diluted share, Adjusted EBITDA of $129.6 million, revenues of $501.5 million, and production averaging 34.0 MBoe/d. The Company expects to file its Form 10-K no later than March 16, 2026, with results subject to potential revision.

Key takeaways

• Net loss of $150.1 million or $(1.01) per diluted share for year ended December 31, 2025 vs. $87.1 million or $(0.59) per share in 2024
• Adjusted EBITDA of $129.6 million for 2025 vs. $153.6 million in 2024
• Revenues of $501.5 million for 2025 vs. $525.3 million in 2024
• Production averaged 34.0 MBoe/d or 12.4 MMBoe for 2025 vs. 33.3 MBoe/d or 12.2 MMBoe in 2024
• Total debt of $350.8 million and Net Debt of $210.3 million as of December 31, 2025
• Year-end 2025 proved reserves of 121.0 MMBoe vs. 127.0 MMBoe at year-end 2024