W&T Offshore, Inc. Declares First Quarter 2026 Dividend

Rhea-AI Summary

W&T Offshore (NYSE: WTI) declared a quarterly cash dividend of $0.01 per share for Q1 2026, payable March 26, 2026 to shareholders of record on March 19, 2026. This marks the ninth consecutive quarterly dividend since November 2023.

Future dividends and record/payment dates remain subject to Board approval.

Positive

• Dividend reinstated for Q1 2026 at $0.01 per share
• Ninth consecutive quarterly dividend since November 2023
• Payment date scheduled for March 26, 2026

Negative

• Dividend size is modest at $0.01 per share
• Future dividends remain subject to Board approval

News Market Reaction – WTI

+11.74%

27 alerts

+11.74% News Effect

+6.0% Peak Tracked

-3.9% Trough Tracked

+$51M Valuation Impact

$483M Market Cap

1.2x Rel. Volume

On the day this news was published, WTI gained 11.74%, reflecting a significant positive market reaction. Argus tracked a peak move of +6.0% during that session. Argus tracked a trough of -3.9% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $51M to the company's valuation, bringing the market cap to $483M at that time.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, March 05, 2026 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company”) today announced that its Board of Directors has approved and declared its quarterly cash dividend of $0.01 per share of common stock for the first quarter of 2026 which is payable on March 26, 2026 to stockholders of record on March 19, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

Tracy W. Krohn, W&T’s Chairman of the Board and Chief Executive Officer, commented, “We are pleased to announce our first quarter 2026 dividend, marking our ninth consecutive quarterly dividend. We remain committed to enhancing shareholder value and returning value to our shareholders through the quarterly dividend that has been in place since November 2023.”

About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America that has grown through acquisitions, exploration and development. As of September 30, 2025, the Company had working interests in 50 fields in federal and state waters (which include 43 fields in federal waters and seven in state waters). The Company has under lease approximately 624,700 gross acres (486,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 477,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, including but not limited to, any forward-looking guidance provided herein such as the amount and timing of future dividend payments, reflect our current views with respect to future events, based on what we believe are reasonable estimates and assumptions. No assurance can be given, however, that these events will occur or that our estimates will be correct. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, among other things, market conditions, commodity price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, uncertainties of the timing and impact of bringing new wells online and repairing and restoring infrastructure due to hurricane damage, the ability to achieve leverage targets, inability to generate sufficient cash flow from operations or to obtain adequate financing to fund capital expenditures, meet working capital requirements or fund planned investments, unexpected future capital expenditures, competition, the success of our risk management activities, governmental regulations, uncertainties and other factors described or referenced in W&T’s Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q found at www.sec.gov or on our website at www.wtoffshore.com under the Investor Relations section. Our forward-looking statements in this press release are based upon assumptions made, and information known, by the Company as of the date of this release. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, unless required by law. Investors are urged to consider closely the disclosures and risk factors in these reports.

CONTACTS:

Al Petrie Investor Relations Coordinator investorrelations@wtoffshore.com 713-297-8024

Sameer Parasnis Executive VP and CFO sparasnis@wtoffshore.com 713-513-8654

FAQ

What dividend did WTI declare for the first quarter of 2026?

W&T Offshore declared a quarterly cash dividend of $0.01 per share. According to the company, this dividend is payable March 26, 2026 to holders of record as of March 19, 2026 and is the ninth consecutive quarterly dividend.

When is WTI's Q1 2026 dividend payment and record date?

The Q1 2026 dividend is payable on March 26, 2026 with a record date of March 19, 2026. According to the company, shareholders on the record date will receive the $0.01 per share distribution on the payment date.

How many consecutive quarterly dividends has WTI paid through Q1 2026?

W&T Offshore has paid nine consecutive quarterly dividends through Q1 2026. According to the company, the dividend program has been in place since November 2023 and continues subject to Board approval.

Does WTI guarantee future quarterly dividends after Q1 2026?

No, future dividends are not guaranteed and remain subject to Board approval. According to the company, declarations of future quarterly dividends and future record and payment dates require Board authorization.

What does the $0.01 dividend mean for WTI shareholders on March 19, 2026?

Shareholders of record on March 19, 2026 will be eligible to receive $0.01 per share. According to the company, the payment will be made on March 26, 2026 to those recorded shareholders.