Welcome to our dedicated page for W&T Offshore SEC filings (Ticker: WTI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
W&T Offshore, Inc. filings document the regulatory record for an independent offshore oil and natural gas producer listed on the New York Stock Exchange under WTI. Form 8-K reports cover operating and financial results, preliminary estimates, press-release exhibits, non-GAAP reconciliations, proved-reserve reporting and guidance-related disclosures.
Proxy filings describe annual meeting procedures, shareholder voting matters, board governance and common-stock voting rights. Other filings address capital-structure activity, including at-the-market equity distribution arrangements for common stock and debt-related collateral requirements under an indenture with subsidiary guarantors. The filing record also includes exhibit and Inline XBRL cover-page disclosures tied to the company’s public reporting obligations.
W&T Offshore executive George Hittner reported a compensation-related share vesting and tax withholding transaction. On May 16, 2026, 152,542 restricted stock units granted on May 16, 2025 vested, and he received 152,542 shares of common stock. To cover tax obligations, 40,526 shares of common stock were disposed of at $4.75 per share through share withholding rather than an open-market sale. Following these transactions, he directly owned 212,205 shares of W&T Offshore common stock. Each vested restricted stock unit represented a right to receive one share of common stock or its cash equivalent, as determined at settlement.
W&T Offshore vice president and chief accounting officer Bart P. Hartman III reported routine equity compensation activity. On May 16, 2026, 20,197 restricted stock units vested, delivering 20,197 shares of common stock as the first tranche of a prior grant. To cover related obligations, 4,918 shares of common stock were disposed of as a tax-withholding transaction, not an open-market sale. Following these transactions, Hartman directly holds 43,506 shares of W&T Offshore common stock. Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent, and each grant vests in three installments.
W&T Offshore EVP & Chief Technical Officer Huan Gamblin reported RSU vesting and related tax withholding. On May 16, 2026, 152,542 restricted stock units granted on May 16, 2025 vested, and he received 152,542 shares of common stock. To cover tax obligations, 40,526 shares were disposed of at $4.75 per share. Following these transactions, he holds 155,431 common shares directly and 305,085 restricted stock units representing contingent rights to additional W&T Offshore common stock or cash equivalents.
W&T Offshore, Inc. disclosure: The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report shared voting and dispositive power over 7,597,175.54 shares of W&T Offshore common stock, representing 5.1% of the class as shown on the cover page, with an effective reporting date of 03/31/2026.
The filing is a joint Schedule 13G identifying GS Group as a parent holding company and Goldman Sachs & Co. LLC as a reporting subsidiary; the submission includes standard disclaimers that client accounts and certain managed entities are not reflected in the reported beneficial ownership.
W&T Offshore, Inc. reported first-quarter 2026 revenue of $150.0 million, up from $129.9 million a year earlier, driven by higher oil, NGL and natural gas volumes. Average daily production increased to 36,211 Boe/d from 30,489 Boe/d.
The company recorded a net loss of $22.5 million (basic and diluted loss of $0.15 per share), an improvement from a $30.6 million loss. Results were pressured by a $24.5 million derivative loss, including $21.8 million of unrealized loss, and $8.5 million of asset retirement accretion.
At March 31 2026, W&T held $130.9 million in cash and cash equivalents and net debt of $351.2 million, mainly 10.75% Senior Second Lien Notes due 2029. Asset retirement obligations totaled $566.0 million. The company declared a regular quarterly dividend of $0.01 per share and highlighted available liquidity from its credit facility and at-the-market equity program.
W&T Offshore reported higher revenue and cash flow but remained unprofitable in the first quarter of 2026. Revenue rose to $150.0 million, up 23% from the prior quarter and 16% from a year earlier, driven by stronger realized prices and 19% higher production of 36.2 MBoe/d.
Lease operating expenses fell to $66.1 million and $20.29 per Boe, reflecting cost savings, while Adjusted EBITDA increased to about $55 million, 137% above the fourth quarter of 2025. The company still posted a net loss of $22.5 million, or $0.15 per share, mainly due to a $24.5 million derivative loss and interest expense.
W&T ended March 31, 2026 with $130.9 million in cash, Net Debt of $220.3 million and Net Debt to trailing Adjusted EBITDA of 1.5x. The board declared a second-quarter 2026 dividend of $0.01 per share and issued 2026 guidance showing planned capital spending of $19.5–$24.5 million and plugging and abandonment outlays of $34.0–$42.4 million.
W&T Offshore, Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on June 3, 2026, covering board elections, executive pay, auditor ratification and an equity plan amendment. Six directors, including founder and CEO Tracy W. Krohn, are nominated to serve until the 2027 meeting.
Shareholders will cast an advisory “say‑on‑pay” vote on 2025 compensation, which the company describes as heavily equity-based and performance‑linked, and will vote on ratifying Deloitte & Touche LLP as independent auditor for 2026. The proxy highlights extensive shareholder outreach and governance changes, including an ESG Committee and revised pay structures.
The company seeks approval to amend its 2023 Incentive Compensation Plan to increase the common shares authorized for issuance from 10,000,000 to 22,000,000 to continue granting RSUs, PSUs and other awards. As of March 31, 2026, 148,777,698 common shares were outstanding and Krohn controlled about 32.8% of the voting power.
W&T Offshore reported a larger net loss for 2025 but stronger operational metrics and a solid balance sheet. The company posted a full-year 2025 net loss of $150.1 million, or $(1.01) per diluted share, with Adjusted Net Loss of $55.1 million. Adjusted EBITDA was $129.6 million, down from 2024 mainly due to lower realized oil and NGL prices.
Production increased to an average of 34.0 MBoe/d (12.4 MMBoe) in 2025, up from 33.3 MBoe/d, helped by low-cost workovers and projects tied to the Cox acquisition. Year-end 2025 proved reserves were 121.0 MMBoe with a PV-10 of about $1.1 billion, and PDP PV-10 rose by $279.4 million to $829.2 million.
W&T ended 2025 with liquidity of $184.5 million, including $140.6 million in cash and Net Debt of $210.3 million, bringing Net Debt to trailing twelve months Adjusted EBITDA to 1.6x. The company spent $54.8 million in 2025 capital expenditures, kept a quarterly dividend of $0.01 per share, and issued 2026 guidance for average daily production of 33.5–37.2 MBoe/d, LOE of $264.7–$294.7 million, and capital expenditures of $19.5–$24.5 million.
W&T Offshore, Inc. provides its annual overview as an independent oil and gas producer focused on the offshore Gulf of America. The company holds working interests in 49 producing fields in water depths from under 10 feet to 7,300 feet, with 34% of proved reserves expected to be depleted within three years.
Results are heavily concentrated in the Mobile Bay Properties, which supplied about 36% of 2025 production and 20% of revenue, and experienced notable shut-ins. Key risks include volatile commodity prices, hurricane exposure, regulatory and decommissioning requirements, access to third‑party pipelines and platforms, cybersecurity, and high competition for leases.
Non‑affiliate market value was about $162.1 million based on a $1.65 share price, with 148.8 million shares outstanding. The company reports $358.8 million of long‑term debt, including $350 million of 10.75% Senior Second Lien Notes due 2029, and employs roughly 370 people across Texas, Alabama, Louisiana and offshore operations.