W&T Offshore (NYSE:WTI) Issues Earnings Results, Misses Expectations By $0.02 EPS

Posted by Brenda Bartman on Aug 5th, 2026

W&T Offshore (NYSE:WTI – Get Free Report) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), FiscalAI reports. The company had revenue of $162.62 million during the quarter, compared to analysts’ expectations of $157.46 million.

W&T Offshore Trading Down 3.9%

WTI stock traded down $0.14 during midday trading on Wednesday, hitting $3.29. 4,809,559 shares of the company’s stock were exchanged, compared to its average volume of 6,004,666. W&T Offshore has a 12-month low of $1.50 and a 12-month high of $5.08. The firm has a 50 day moving average price of $3.52 and a 200-day moving average price of $3.23. The stock has a market capitalization of $488.74 million, a price-to-earnings ratio of -3.46 and a beta of 0.24.

W&T Offshore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 21st. W&T Offshore’s dividend payout ratio (DPR) is -4.21%.

Hedge Funds Weigh In On W&T Offshore

Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of W&T Offshore by 115.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,666,494 shares of the oil and gas company’s stock worth $2,716,000 after buying an additional 894,221 shares in the last quarter. Millennium Management LLC boosted its stake in W&T Offshore by 33.9% during the 3rd quarter. Millennium Management LLC now owns 2,560,561 shares of the oil and gas company’s stock valued at $4,660,000 after acquiring an additional 647,596 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in W&T Offshore by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,540,588 shares of the oil and gas company’s stock valued at $4,141,000 after acquiring an additional 508,050 shares during the last quarter. First Trust Advisors LP acquired a new position in W&T Offshore during the 3rd quarter worth $853,000. Finally, Jane Street Group LLC grew its holdings in W&T Offshore by 826.2% during the 1st quarter. Jane Street Group LLC now owns 324,807 shares of the oil and gas company’s stock worth $503,000 after acquiring an additional 289,739 shares in the last quarter. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTI has been the topic of several recent research reports. Roth Capital set a $4.25 price target on W&T Offshore in a research report on Tuesday, July 21st. William Blair initiated coverage on shares of W&T Offshore in a research note on Friday, April 17th. They set an “outperform” rating on the stock. Wall Street Zen cut shares of W&T Offshore from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of W&T Offshore in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.25.

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About W&T Offshore

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W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.