Welcome to our dedicated page for W&T Offshore news (Ticker: WTI), a resource for investors and traders seeking the latest updates and insights on W&T Offshore stock.
W&T Offshore Inc (WTI) is an independent energy company focused on oil and natural gas exploration in the Gulf of Mexico. This page aggregates official press releases, regulatory filings, and operational updates critical for understanding the company's offshore drilling activities and hydrocarbon production strategies.
Investors and analysts will find timely updates on quarterly earnings, asset acquisitions, and technical developments in deepwater drilling operations. All content is sourced directly from company communications and SEC filings to ensure accuracy.
The resource covers key operational areas including exploration permits, production rate changes, environmental compliance updates, and strategic partnerships. Content is organized chronologically to show operational continuity while allowing quick access to specific announcements.
Bookmark this page for streamlined access to W&T Offshore's evolving position in offshore energy markets. Check regularly for updates on drilling innovations, regulatory developments, and production milestones impacting Gulf of Mexico operations.
W&T Offshore (NYSE:WTI) reported Q2 2025 results, showing a 10% production increase to 33.5 MBoe/d compared to Q1 2025. The company reported a net loss of $20.9 million ($0.14 per share), improving from Q1's $30.6 million loss. Adjusted EBITDA grew 9% to $35.2 million.
Key financial metrics include $120.7 million in unrestricted cash, reduced total debt of $350.1 million, and Net Debt of $229.4 million. The company declared a $0.01 per share dividend for Q3 2025. Mid-year SEC proved reserves stood at 123.0 MMBoe with a PV-10 value of $1.2 billion.
Notable operational achievements include successful completion of nine workovers, positive surety settlement agreements, and strategic hedging additions for oil production.
W&T Offshore (NYSE:WTI) announced that its Founder, Chairman, CEO and President Tracy Krohn will ring the closing bell at the New York Stock Exchange on August 4, 2025, marking the company's 20th anniversary as a NYSE-listed company.
The ceremony, which will include W&T's Board of Directors and senior management team, will be streamed live at 3:55 p.m. ET on NYSE.com/bell. The company, founded in 1983, completed its IPO in 2005 and has focused primarily on offshore Gulf of America energy production throughout its 42-year history.
W&T Offshore (NYSE:WTI) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results on Monday, August 4, 2025, after NYSE trading hours. A conference call to discuss the results will be held on Tuesday, August 5, 2025, at 9:00 AM CT (10:00 AM ET).
Investors can join the call by dialing (844) 739-3797 for domestic participants or (412) 317-5713 for international callers. The call will also be available via webcast on the company's website, with an audio replay accessible afterward.
[]W&T Offshore (NYSE: WTI) announced a favorable court ruling where U.S. Magistrate Judge Dena Palermo recommended denying preliminary injunction motions from two surety companies that demanded over $100 million in collateral. The Court found that the sureties failed to demonstrate they would suffer irreparable harm if their cash collateral demands were not granted.
The ruling effectively nullifies all current collateral requests by sureties, and W&T will not be required to post collateral until a determination on the merits of the pending lawsuit with the remaining surety providers. This decision, combined with a previously-announced settlement agreement, represents significant positive outcomes for W&T in their fight against what they describe as "unlawful predatory business practices" in the Gulf of America operations.
W&T Offshore (NYSE: WTI) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 2025 financial results on Tuesday, May 6, 2025, after NYSE trading hours. A conference call to discuss the results will be held on Wednesday, May 7, 2025, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
Interested participants can join the call by dialing (844) 739-3797 for domestic callers or (412) 317-5713 for international callers. The call will also be webcast on the company's website, with an audio replay available afterward.
W&T Offshore (NYSE: WTI) has announced its participation in a Water Tower Research (WTR) fireside chat scheduled for April 7, 2025, at 10:00 AM Central Time. The event will feature a discussion between WTR's Managing Director Jeff Robertson and W&T's Chairman and CEO Tracy Krohn.
The conversation will focus on several key aspects of W&T's operations in the Gulf of America, including:
- Strategy for value creation
- Criteria for attractive asset acquisitions
- Value enhancement through exploitation and cost management
- 2025 production outlook
- Balance sheet management for growth
Interested parties can access the event through advance registration via the provided Zoom link. Both the live discussion and a replay will be available on W&T's website in the Investors section.
W&T Offshore (NYSE: WTI) has announced the promotion of Huan Gamblin to Executive Vice President and Chief Technical Officer. Gamblin, who joined the company in 2020, brings over 20 years of energy industry experience to the role.
Prior to this promotion, Gamblin served as Manager of Acquisition and Divesture and later as Vice President of Business Development at W&T. His previous experience includes positions as Algeria Reservoir Engineering Manager at Occidental Petroleum and various engineering roles at Anadarko Petroleum, working with U.S. onshore, Gulf of America, and international assets.
According to Chairman and CEO Tracy W. Krohn, Gamblin has been instrumental in W&T's acquisitions strategy and will be an integral part of the executive leadership team. Gamblin holds a bachelor's degree in Petroleum Engineering from the University of Texas.
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