W&T Offshore stock reports Q2 profit as cash flow reaches USD 31.4 million

Published on 10/07/2026 at 01:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

W&T Offshore stock posted USD 12.6 million of Q2 net income on August 5, 2026, reversing its Q1 loss. Free cash flow rose 50 percent to USD 31.4 million.

WTI, US92922P1066, Illustration mit AI erstellt.

W&T Offshore stock (ISIN US92922P1066) was last at USD 3.59 on the NYSE on October 6, 2026 at 4:00 p.m. ET, down 0.28 percent from the USD 3.60 prior close. The companys second-quarter results showed USD 12.6 million of net income and USD 162.62 million of revenue, giving investors a sharper earnings signal than the muted session move.

Q2 profit reverses the loss

W&T Offshore reported the Q2 figures on August 5, 2026, according to Yahoo Finance. Net income of USD 12.6 million reversed the USD 22.5 million loss recorded in Q1 2026, while revenue increased to USD 162.62 million from the USD 150.0 million reported for the prior quarter.

The earnings mix was uneven. The same Yahoo Finance report said realized oil prices rose 43 percent quarter over quarter to USD 99.30 per barrel, lifting the average realized price per barrel of oil equivalent 11 percent to USD 50.23. Total production moved the other way, falling 4 percent to 34.7 thousand barrels of oil equivalent per day.

Cash flow strengthens the balance sheet

Free cash flow reached USD 31.4 million in Q2 2026, up 50 percent from USD 21.0 million in Q1, according to Yahoo Finance. Unrestricted cash rose 15 percent to USD 150.7 million, while net debt declined 9 percent to USD 200.9 million over the same period.

That improvement does not remove the companys financing burden. Total debt stood at USD 351.6 million after the quarter, and third-quarter lease operating expense guidance was USD 73 million to USD 81 million, above the USD 71.6 million reported for Q2. The contrast matters because higher oil realizations supported earnings while production and operating costs created counterweights.

Analyst targets remain divided

Investing.com listed a Strong Buy consensus from 3 analysts, with an average 12-month target of USD 4.15, a high of USD 4.25 and a low of USD 4.00. Against the USD 3.59 reference price, the average target lies 15.60 percent above the price.

MarketBeat presented a different view on October 6, 2026, listing a Hold consensus based on 1 Buy, 1 Hold and 1 Sell rating, with a USD 4.25 average target. The split puts greater weight on the next operating update, because the latest quarter combined a profit reversal and stronger cash generation with lower production.

WTI stock stays within its yearly range

WTI traded between USD 3.53 and USD 3.65 on October 6, 2026, with volume of 2,270,263 shares. Its 52-week range was USD 1.50 to USD 5.08, while market capitalization stood at USD 534.1 million on the same date.