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W&T Offshore, Inc.WTICompetitor analysis, valuation and peers

United States · USD·Energy›Oil & Gas Production
Momentum weak 23
Mkt cap
$479M
US dollars, full cap
Free float
66%
of shares outstanding
$/day
$16.7M
20-day average traded
Fwd P/E
498.4×
forward earnings
ROIC−WACC
n/a
WACC 6.0%
Hurdle
-4 pp
Req g minus delivered
Official | Implied
B+ / B-
agencies · bond market
Next earnings
123 days
9 Mar 2027
Close · USD$3.09
1D-1.0%
1W-23.7%
1M-16.5%
3M-19.1%
6M-16.7%
YTD+89.6%
1Y+58.5%
ATR %7.2%
Beta-1.33
52w lowhigh39.2% off high

What W&T Offshore does

Employees: 370

W&T Offshore at a glance

Size W&T Offshore (WTI) is a United States Energy company (Oil & Gas Production) with a market value of $479M, the 2730th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.09 on 6 Nov 2026.

Performance Over six months the shares fell 16.7%, against +1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue grew 20.3% over the last twelve months (peer median +4.5%); the operating margin is 5.0% (peer median 14.3%).

Valuation It trades at 498.4× forward earnings against a peer median of 8.8× (most expensive of 19).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.

Credit W&T Offshore has 1 bond outstanding ($350M), rated B+ by the agencies and trading like B- at a weighted spread of 386 bp.

Short interest Short interest is 8.9% of the free float (15 Oct 2026).

Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 101WTI 79
Six months, rebased to 100: W&T Offshore against the median of its 20 peers (local-currency closes).

W&T Offshore financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$601M$501M$525M$533M$921M
Revenue growth—-5%-1%-42%—
Gross profit$135M$27.2M$40.2M$105M$528M
EBITDA$174M$97.0M$133M$171M$588M
Net income-$50.7M-$150M-$87.1M$15.6M$231M
Free cash flow$61.5M$28.7M-$59.4M$34.3M$245M
Capital expenditure$36.9M$49.5M$118M$81.1M$93.2M
Total debt$353M$364M$405M$403M$706M

Quarterly statements and history in the cockpit →

W&T Offshore competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-10%0%+10%SDCVVYGKPCLBEGYCNEGPRKVTSAELOBEFECENQTALGSPGTEGRNT300164SGYPRABHAWTI6-month return →1-month return →
Up and to the right = strong over both horizons. W&T Offshore is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%+50%0×200×400×SDCVVYGKPCLBEGYCNESNMVTSOBEFECGSPGTEWTIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. W&T Offshore is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%SDCVVYCNEVTSAELENQTALGTEWTIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. W&T Offshore is the large dot.

W&T Offshore competitors and peer comparison

How W&T Offshore compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

W&T Offshore against its 20 peers (data as of 6 Nov 2026)
MeasureWTIPeer medianRank in peer set
1-month return-16.5%-10.5%4th lowest of 21
6-month return-16.7%+1.2%6th lowest of 20
Distance from 52-week high-39.2%-25.2%5th lowest of 21
Revenue growth (TTM)+20.3%+4.5%5th highest of 21
Operating margin5.0%14.3%7th lowest of 21
Forward P/E498.4×8.8×most expensive of 19
Growth the price implies (Req g, 7 yrs)3.9%-9.1%4th most demanding of 12
Growth delivered (Del g)+7.7%+19.6%5th lowest of 12
Hurdle (Req g minus delivered)-3.7 pp-22.6 pp3rd most demanding of 12
EV / EBITDA3.7×3.6×9th most expensive of 18
Net debt / EBITDA0.9×1.0×9th least indebted of 19
Bond spread386 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
W&T Offshore WTIUnited States$479M-17%+20%5%498.4×3.9%+7.7%
SandRidge Energy SDUnited States$463M-13%+30%42%5.9×-12.8%+7.0%
Cavvy Energy CVVY.TOCanada$413M+29%+43%4%8.1×11.0%-3.3%
Gulf Keystone Petroleum GKP.LUnited Kingdom$557M+1%+6%8%9.5×n/an/a
Core Laboratories CLBUnited States$405M-33%0%7%13.8×11.0%+1.6%
VAALCO Energy EGYUnited States$566M-4%-25%9%18.9×n/an/a
Capricorn Energy CNE.LUnited Kingdom$397M+29%+34%42%21.4×-19.1%+218.6%
Shamaran Petroleum SNM.OLNorway$381Mn/a-5%45%7.4×n/an/a
GeoPark GPRKUnited States$613M+1%-5%24%9.8×n/an/a
Vitesse Energy VTSUnited States$623M-17%+11%12%42.9×13.4%+21.5%
Amplitude Energy AEL.AXAustralia$368M+8%+7%-10%8.8×-19.1%+16.8%
Obsidian Energy OBE.TOCanada$653M-21%-22%22%4.1×n/an/a
Frontera Energy FEC.TOCanada$344M-52%-52%-3%3.0×n/an/a
EnQuest ENQ.LUnited Kingdom$671M+40%+3%17%8.9×-9.1%+3.8%
PetroTal TAL.TOCanada$335M-7%-27%23%5.1×-17.3%+37.6%
Gas Plus GSP.MIItaly$335M+17%+10%23%10.7×-14.0%+19.6%
Gran Tierra Energy GTE.TOCanada$333M+11%+7%4%309.2×-0.6%+22.0%
Granite Ridge Resources GRNTUnited States$698M+6%+15%21%5.3×n/an/a
Tong Petrotech 300164.SZChina$705M-41%-12%-5%n/an/an/a
Surge Energy SGY.TOCanada$730M+7%+3%27%6.1×-6.3%+20.2%
Prabha Energy PRABHA.NSIndia$307M+23%+61%-5%n/an/an/a

W&T Offshore bonds and credit

W&T Offshore has 1 bond outstanding with $350M face value. The agencies rate it B+; its bonds trade like B-. Weighted yield 8.20%, a spread of 386 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Which companies are W&T Offshore's closest peers?
The cockpit's peer set: SandRidge Energy (SD), Cavvy Energy (CVVY.TO), Gulf Keystone Petroleum (GKP.L), Core Laboratories (CLB), VAALCO Energy (EGY), Capricorn Energy (CNE.L), Shamaran Petroleum (SNM.OL), GeoPark (GPRK).
Is W&T Offshore expensive compared with its peers?
On forward p/e it trades at 498.4× against a peer median of 8.8×, most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.
How has W&T Offshore stock performed?
Over six months to 6 Nov 2026 the shares returned -16.7% against +1.2% for the median peer; over one year +58.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.