WTI files First Amendment to At-The-Market equity program, Aug 28 2025

Rhea-AI Filing Summary

W&T Offshore, Inc. disclosed a material corporate action: on August 28, 2025 the company executed a First Amendment to its At-The-Market (ATM) Equity Distribution Agreement. The filing identifies this event as an "Entry into a Material Definitive Agreement" and lists the amended document among the exhibit materials. No pricing, capacity, dilution metrics, or issuer-side proceeds are provided in the text supplied, and the amendment's commercial terms are not described. The notice is signed by Sameer Parasnis, Executive Vice President and Chief Financial Officer, confirming the corporate authorization of the amendment.

The disclosure signals a change to the company’s equity issuance vehicle but does not include details on timing, share amounts, or anticipated capital-raising use. Because those specifics are absent, the immediate financial impact cannot be quantified from this content alone.

Positive

• Executed a First Amendment to the At-The-Market Equity Distribution Agreement on August 28, 2025
• Filed the amendment as a material definitive agreement, indicating corporate authorization and disclosure compliance

Negative

• None.

Insights

Corporate Finance Counsel

Amendment to the ATM updates the company’s equity issuance framework without disclosed economic terms.

The filing records a First Amendment to an existing At-The-Market Equity Distribution Agreement dated August 28, 2025, which typically adjusts mechanics such as issuance limits, placement agent terms, or pricing parameters. The text provided contains the amendment title but no contract clauses or numeric limits.

This creates a dependency on the omitted exhibit details: investor-relevant effects hinge on whether the amendment expands capacity, changes commissions, or alters pricing collars. Expect the exhibit or subsequent notices to supply concrete metrics within the near term.

Equity Markets Analyst

ATM amendments can enable near-term capital raising but the disclosed text lacks proceeds or share counts.

An amended ATM agreement is a standard tool for issuing shares into the market; its presence is material because it authorizes potential dilution or liquidity support. The filing confirms formal execution but does not state intended use of proceeds, size, or timing.

Investors should review the full amendment exhibit when available to assess dilution magnitude and timing; absent that, the filing is informative but not decisive for valuation.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

W&T Offshore, Inc.

(Exact name of registrant as specified in its charter)

1-32414

(Commission File Number)

Texas	72-1121985
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification No.)

5718 Westheimer Road, Suite 700

Houston, Texas 77057

(Address of Principal Executive Offices)

(713) 626-8525

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act.

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.00001		WTI		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry into a Material Definitive Agreement

On August 28, 2025, W&T Offshore, Inc., a Texas corporation (the “Company”) entered into the First Amendment (the “Amendment”), by and among the Company, Roth Capital Partners, LLC (“Roth”), Virtu Americas LLC (together with Roth, the “Agents”) and Stifel, Nicolaus & Company, Incorporated (“Stifel”) to the At-The-Market Equity Distribution Agreement, dated March 18, 2022 (as amended, the “At-The-Market Equity Distribution Agreement”), by and among the Company, Stifel and Roth. The Amendment, among other things, adds Virtu as a sales agent and removes Stifel as a sales agent, effective as of August 28, 2025. Pursuant to the terms of the At-The-Market Equity Distribution Agreement, the Company may offer and sell from time to time through the Agents, the Company’s common stock, par value $0.00001 per share (the “Common Stock”), having an aggregate gross sales price of up to $83,001,247.

The Common Stock sold in this offering will be issued pursuant to a prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on August 28, 2025 (the “Prospectus Supplement”) and the accompanying base prospectus dated October 24, 2024, forming part of the Company’s Shelf Registration Statement on Form S-3 (File No. 333-282595), which was declared effective on October 24, 2024. The Prospectus Supplement supersedes the prior prospectus supplement to the Registration Statement, dated November 20, 2024, which registered the issuance and sale of up to $83,001,247 of Common Stock. The Common Stock remaining available to be sold under the prior prospectus supplement will no longer be offered and sold under the prior prospectus supplement and will instead be offered and sold under the Prospectus Supplement and the accompanying prospectus. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the entire Amendment, a copy of which is attached hereto as Exhibit 1.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No.		Description
1.1		First Amendment to the At-The-Market Equity Distribution Agreement.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 28, 2025 W&T OFFSHORE, INC.
(Registrant)

	By:	/s/ Sameer Parasnis
	Name:	Sameer Parasnis
	Title:	Executive Vice President and Chief Financial Officer

3

FAQ

What did WTI disclose in the Form 8-K dated August 28, 2025?

The company disclosed it executed a First Amendment to its At-The-Market Equity Distribution Agreement; no economic terms or share amounts were included in the provided text.

Does the filing state how many shares W&T Offshore (WTI) may issue under the amended ATM?

No. The supplied content does not disclose any share counts, caps, or issuance limits.

Will this amendment immediately dilute existing WTI shareholders?

The filing confirms an amendment to the ATM vehicle but does not state any immediate issuance. Dilution depends on future share sales under the agreement, which are not described here.

Who signed the Form 8-K for WTI?

The filing is signed by Sameer Parasnis, Executive Vice President and Chief Financial Officer.

Where can investors find the detailed terms of the amendment?

Investors should review the exhibit that contains the First Amendment to the ATM agreement; the provided text lists the amendment but does not include the exhibit content.