W&T Offshore Balance Sheet Health
Financial Health criteria checks 2/6
W&T Offshore has a total shareholder equity of $-221.8M and total debt of $351.2M, which brings its debt-to-equity ratio to -158.4%. Its total assets and total liabilities are $959.2M and $1.2B respectively.
Key information
-158.37%
Debt to equity ratio
US$351.19m
Debt
| Interest coverage ratio | n/a |
| Cash | US$130.92m |
| Equity | -US$221.75m |
| Total liabilities | US$1.18b |
| Total assets | US$959.15m |
Recent financial health updates
Recent updates
WTI: Higher Production And Updated Model Will Support A Stronger Outlook
Analysts have lifted their price target for W&T Offshore from about $3.70 to roughly $4.20 per share, citing updated views on fair value, a slightly higher discount rate, revised revenue growth expectations, and modest adjustments to profit margin and future P/E assumptions reflected in recent research. What’s in the News for W&T Offshore W&T Offshore reported first quarter 2026 production of 36.2 MBoe/d, which was at the high end of its guidance range, with volumes flat compared to the fourth quarter of 2025 and 19% higher than the same quarter in 2025.W&T Offshore: Massive Spot Exposure Is Fueling A Profit Surge
Summary W&T Offshore (WTI) is a levered play on crude prices, with a 195% YTD gain driven by elevated oil markets. WTI's balance sheet deleveraging enables renewed growth via M&A and greenfield drilling, contingent on sustained high commodity prices. Current spot exposure is high, with only 44% of oil production hedged; Q2 and FY26 estimates suggest material upside to consensus if prices persist. I maintain a Hold rating due to balanced 27% upside/downside risk, valuation at 3.9x EV/EBITDA, and significant commodity price sensitivity. Read the full article on Seeking AlphaReserve Life Constraints And Flat Production Will Pressure Long Term Profit Potential
Catalysts About W&T Offshore W&T Offshore operates and acquires conventional oil and gas assets in the Gulf of Mexico, focusing on producing properties with long reserve lives. What are the underlying business or industry changes driving this perspective?
Long Life Gulf Assets And Regulatory Shifts Will Support Stronger Future Earnings Potential
Catalysts About W&T Offshore W&T Offshore is an independent oil and gas producer focused on conventional fields in the Gulf of Mexico. What are the underlying business or industry changes driving this perspective?New Forecasts: Here's What Analysts Think The Future Holds For W&T Offshore, Inc. (NYSE:WTI)
W&T Offshore, Inc. ( NYSE:WTI ) shareholders will have a reason to smile today, with the analysts making substantial...A Piece Of The Puzzle Missing From W&T Offshore, Inc.'s (NYSE:WTI) 28% Share Price Climb
W&T Offshore, Inc. ( NYSE:WTI ) shareholders have had their patience rewarded with a 28% share price jump in the last...W&T Offshore (NYSE:WTI) Is Due To Pay A Dividend Of $0.01
W&T Offshore, Inc.'s ( NYSE:WTI ) investors are due to receive a payment of $0.01 per share on 25th of August...Improved Revenues Required Before W&T Offshore, Inc. (NYSE:WTI) Stock's 26% Jump Looks Justified
W&T Offshore, Inc. ( NYSE:WTI ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...W&T Offshore, Inc.'s (NYSE:WTI) Prospects Need A Boost To Lift Shares
W&T Offshore, Inc.'s ( NYSE:WTI ) price-to-sales (or "P/S") ratio of 0.3x might make it look like a buy right now...W&T Offshore: Underpriced With A Potential Bullish Reversal
Summary W&T Offshore, Inc. shows resilience with strong liquidity and efficient drilling from its Cox acquisition, despite market volatility and lower oil prices. Natural gas prices rebounding and increased demand from data centers present significant growth opportunities for WTI in FY25 and beyond. WTI's stock is undervalued, trading at 2x cash and 0.4x sales, suggesting a potential upside of up to 300% based on DCF and other valuation models. Technical indicators show potential for a bullish reversal, making WTI a strong buy despite current bearish momentum and market risks. Read the full article on Seeking AlphaW&T Offshore (NYSE:WTI) Has Affirmed Its Dividend Of $0.01
The board of W&T Offshore, Inc. ( NYSE:WTI ) has announced that it will pay a dividend of $0.01 per share on the 24th...Estimating The Intrinsic Value Of W&T Offshore, Inc. (NYSE:WTI)
Key Insights W&T Offshore's estimated fair value is US$1.71 based on 2 Stage Free Cash Flow to Equity With US$1.51...Take Care Before Jumping Onto W&T Offshore, Inc. (NYSE:WTI) Even Though It's 27% Cheaper
The W&T Offshore, Inc. ( NYSE:WTI ) share price has fared very poorly over the last month, falling by a substantial...W&T: M&A Activities And Drilling Efficiency Improvements Could Enhance The Total Valuation
Summary W&T Offshore's significant debt reduction and positive cash flow make it an appealing investment, with potential for inorganic growth through acquisitions in the Gulf of Mexico. Efficiency improvements and exploration activities are expected to increase proven reserves and enhance cash flow, despite risks from geographic concentration and oil price fluctuations. The company's valuation appears conservative, with a potential fair price of $6.11 per share, indicating significant undervaluation at current market prices. Challenges include potential inaccuracies in reserve estimates, the impact of hurricanes, and high interest expenses, but the current EV/EBITDA and price/cash flow figures suggest a buy. Read the full article on Seeking AlphaW&T Offshore: Unlocking Value From Deleveraging
Summary The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts. Thankfully there is a light at the end of the proverbial tunnel once their senior notes are hopefully repaid in early 2026. These incur a very high 11.75% interest rate, which is hindering their free cash flow and thus dividends. When combined with their existing ability to generate free cash flow, I see the potential for a very high 10%+ dividend yield on current cost after repaying their senior notes. There are other desirable aspects discussed and I will likely be adding their shares to my portfolio very soon. Read the full article on Seeking AlphaW&T Offshore, Inc.'s (NYSE:WTI) Share Price Is Matching Sentiment Around Its Revenues
You may think that with a price-to-sales (or "P/S") ratio of 0.6x W&T Offshore, Inc. ( NYSE:WTI ) is a stock worth...W&T Offshore (NYSE:WTI) Seems To Be Using A Lot Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...W&T Offshore: The $1 Handle Is A Good Entry Zone But Capital Outflow Risks Remain
Summary W&T briefly fell below $2 on Friday, its lowest level since November 2020. The oil prices and the company's fundamentals are significantly better now compared to the pandemic period. The selloff appears related to institutional capital outflows driven by factor rotation, not W&T's fundamentals. The value proposition is already quite good but there is no technical "floor" in sight until the pandemic lows of $1.40 - $1.50. Read the full article on Seeking AlphaFinancial Position Analysis
Short Term Liabilities: WTI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WTI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WTI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WTI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable WTI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WTI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 13.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 08:36 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
W&T Offshore, Inc. is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Robertson | Barclays |
| Daniel McSpirit | BMO Capital Markets Equity Research |
| Richard Tullis | Capital One Securities, Inc. |