W&T Offshor

W&T Offshore reported Q2 net income of $12.6 million, adjusted EBITDA of about $54 million, $31 million of free cash flow and cash above $150 million while net debt fell to $200 million (1.2x adjusted EBITDA). Production averaged 34,700 boe/d and realized prices rose to $50.23/boe; the company expects Q3 production above 35,000 boe/d and reiterated full-year production and cost guidance. Management prioritizes acquisitions of profitable producing assets and may favor dividends over buybacks depending on acquisition and drilling needs. W&T is pursuing surety litigation that management says could involve claims in the hundreds of millions, but outcomes and timing remain uncertain. » Más en finance.yahoo.com

W&T Offshore amended the employment agreement of CEO, president and chairman Tracy W. Krohn, setting the annual minimum base salary at at least $1,000,000. The board will review the salary annually and may increase it; a reduction is excluded. Other contract terms remained unchanged. The company also reported Q2 results that beat expectations for earnings and revenue, showed stronger free cash flow, lower debt and a slightly raised production forecast. » Más en de.investing.com

W&T Offshore posted a net profit of USD 12.6 million (USD 0.08 per diluted share) in the second quarter of 2026, after a loss in the first quarter. Production was 34.7 thousand barrels of oil equivalent per day (+3% YoY) with a production mix of 49% liquids, and revenue amounted to USD 162.6 million. Free cash flow rose to USD 31.4 million, adjusted EBITDA was USD 54.4 million, cash and cash equivalents increased to USD 150.7 million, and net debt fell to USD 200.9 million. The board approved a quarterly dividend of USD 0.01 per share; production guidance for Q3 is 33.3–36.8 thousand barrels of oil equivalent per day. » Más en de.investing.com