Employees: 370
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 |
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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.
| Measure | WTI | Peer median | Rank 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 margin | 5.0% | 14.3% | 7th lowest of 21 |
| Forward P/E | 498.4× | 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 pp | 3rd most demanding of 12 |
| EV / EBITDA | 3.7× | 3.6× | 9th most expensive of 18 |
| Net debt / EBITDA | 0.9× | 1.0× | 9th least indebted of 19 |
| Bond spread | 386 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| W&T Offshore WTI | United States | $479M | -17% | +20% | 5% | 498.4× | 3.9% | +7.7% |
| SandRidge Energy SD | United States | $463M | -13% | +30% | 42% | 5.9× | -12.8% | +7.0% |
| Cavvy Energy CVVY.TO | Canada | $413M | +29% | +43% | 4% | 8.1× | 11.0% | -3.3% |
| Gulf Keystone Petroleum GKP.L | United Kingdom | $557M | +1% | +6% | 8% | 9.5× | n/a | n/a |
| Core Laboratories CLB | United States | $405M | -33% | 0% | 7% | 13.8× | 11.0% | +1.6% |
| VAALCO Energy EGY | United States | $566M | -4% | -25% | 9% | 18.9× | n/a | n/a |
| Capricorn Energy CNE.L | United Kingdom | $397M | +29% | +34% | 42% | 21.4× | -19.1% | +218.6% |
| Shamaran Petroleum SNM.OL | Norway | $381M | n/a | -5% | 45% | 7.4× | n/a | n/a |
| GeoPark GPRK | United States | $613M | +1% | -5% | 24% | 9.8× | n/a | n/a |
| Vitesse Energy VTS | United States | $623M | -17% | +11% | 12% | 42.9× | 13.4% | +21.5% |
| Amplitude Energy AEL.AX | Australia | $368M | +8% | +7% | -10% | 8.8× | -19.1% | +16.8% |
| Obsidian Energy OBE.TO | Canada | $653M | -21% | -22% | 22% | 4.1× | n/a | n/a |
| Frontera Energy FEC.TO | Canada | $344M | -52% | -52% | -3% | 3.0× | n/a | n/a |
| EnQuest ENQ.L | United Kingdom | $671M | +40% | +3% | 17% | 8.9× | -9.1% | +3.8% |
| PetroTal TAL.TO | Canada | $335M | -7% | -27% | 23% | 5.1× | -17.3% | +37.6% |
| Gas Plus GSP.MI | Italy | $335M | +17% | +10% | 23% | 10.7× | -14.0% | +19.6% |
| Gran Tierra Energy GTE.TO | Canada | $333M | +11% | +7% | 4% | 309.2× | -0.6% | +22.0% |
| Granite Ridge Resources GRNT | United States | $698M | +6% | +15% | 21% | 5.3× | n/a | n/a |
| Tong Petrotech 300164.SZ | China | $705M | -41% | -12% | -5% | n/a | n/a | n/a |
| Surge Energy SGY.TO | Canada | $730M | +7% | +3% | 27% | 6.1× | -6.3% | +20.2% |
| Prabha Energy PRABHA.NS | India | $307M | +23% | +61% | -5% | n/a | n/a | n/a |
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.