W&T Offshore Q4 revenue falls on lower oil prices

W&T Offshore

16/03/2026 20:24

Overview

U.S. oil and gas producer's Q4 revenue declined and missed analyst expectations

Company reported Q4 net loss as lower oil prices offset higher production

Outlook

W&T Offshore sees Q1 2026 production at 33.5–37.1 MBoe/d and full-year at 33.5–37.2 MBoe/d

Company expects 2026 lease operating expense of $264.7 mln–$294.7 mln and capex of $19.5 mln–$24.5 mln

Result Drivers

HIGHER PRODUCTION - Q4 production increased due to completion of production enhancements and bringing Cox acquisition fields online

LOWER OIL PRICES - Revenue decline was primarily due to lower realized oil prices, partially offset by increased production and higher realized prices for NGLs and natural gas

Company press release: ID:nGNX3LgSH2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$121.7 mln
$124.20 mln (3 Analysts)
Q4 Net Income
-$27.1 mln
Q4 Pretax Profit
-$25.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for W&T Offshore Inc is $2.25, about 33.2% below its March 13 closing price of $3.37

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)