W&T Offshore (NYSE:WTI) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Key Points

• W&T Offshore missed earnings expectations, reporting Q1 EPS of -$0.15 versus analyst estimates of $0.02, a shortfall of $0.17 per share.
• The company posted revenue of $150.02 million, which came in above the consensus estimate of $138.41 million despite the earnings miss.
• Shares fell 2.2% to $3.74 after the report, while the company also announced a quarterly dividend of $0.01 per share, payable May 28.

W&T Offshore (NYSE:WTI - Get Free Report) announced its quarterly earnings results on Thursday. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17), reports. The company had revenue of $150.02 million during the quarter, compared to the consensus estimate of $138.41 million.

W&T Offshore Trading Down 2.2%

W&T Offshore stock traded down $0.09 on Friday, hitting $3.74. 8,357,648 shares of the stock traded hands, compared to its average volume of 6,707,595. W&T Offshore has a 1 year low of $1.34 and a 1 year high of $4.49. The firm has a market cap of $555.69 million, a P/E ratio of -3.70 and a beta of 0.29. The business's fifty day simple moving average is $3.23 and its 200 day simple moving average is $2.40.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.04 annualized dividend and a yield of 1.1%. W&T Offshore's dividend payout ratio (DPR) is currently -3.96%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in W&T Offshore during the fourth quarter worth about $138,000. Invesco Ltd. lifted its holdings in shares of W&T Offshore by 1.4% during the fourth quarter. Invesco Ltd. now owns 312,081 shares of the oil and gas company's stock valued at $509,000 after purchasing an additional 4,241 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of W&T Offshore by 10.0% during the fourth quarter. Millennium Management LLC now owns 2,815,843 shares of the oil and gas company's stock valued at $4,590,000 after purchasing an additional 255,282 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of W&T Offshore in the 4th quarter worth approximately $32,000. Finally, Bridgeway Capital Management LLC grew its stake in shares of W&T Offshore by 18.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 227,300 shares of the oil and gas company's stock worth $370,000 after buying an additional 35,000 shares during the last quarter. 42.88% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about W&T Offshore

Here are the key news stories impacting W&T Offshore this week:

• Neutral Sentiment: W&T Offshore reported Q1 2026 results and reiterated a small quarterly dividend of $0.01 per share, signaling continued cash returns to shareholders. W&T Offshore Announces First Quarter 2026 Results and Declares Dividend for Second Quarter of 2026
• Neutral Sentiment: The company’s earnings call transcript is available for investors looking for management commentary on production, pricing, and outlook after the quarter. W&T Offshore, Inc. (WTI) Q1 2026 Earnings Call Transcript
• Negative Sentiment: W&T Offshore missed Q1 EPS estimates as lower commodity price realizations reduced profitability, even though revenue rose 16% year over year on stronger volumes and lower lease operating expenses. W&T Offshore Q1 Earnings Miss on Lower Commodity Price Realizations
• Negative Sentiment: The broader oil market also faces a new overhang after a Reuters report said Diamondback Energy is betting on a wider WTI-Brent spread if U.S. oil export restrictions became a concern, highlighting policy risk that could pressure U.S. crude pricing sentiment. Diamondback bets on wider WTI-Brent gap amid US export ban concerns

Analyst Ratings Changes

Several research firms have recently issued reports on WTI. Weiss Ratings reissued a "sell (d-)" rating on shares of W&T Offshore in a research note on Monday, April 20th. William Blair started coverage on shares of W&T Offshore in a research report on Friday, April 17th. They set an "outperform" rating on the stock. Finally, Zacks Research cut shares of W&T Offshore from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

About W&T Offshore

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.

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