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W&T Offshore reported third-quarter production of 38,200 barrels oil equivalent per day, over $51 million adjusted EBITDA and $33 million free cash flow. It raised 2026 capital spending to between $35 million and $38 million and prioritizes acquisitions for 2027.
W&T Offshore, Inc. reported nine-month revenue of $479,718 and production of 9,930 MBoe, up from $379,749 and 9,071 MBoe. Operating cash flow rose to $72,520, while unrestricted cash was $191.3 million and borrowing-base availability was $43.4 million.
W&T Offshore reported third-quarter production of 38.2 MBoe/d, Adjusted EBITDA of $51.1 million and Free Cash Flow of $33.2 million, plus a net loss of $13.6 million. It also declared a $0.01 per share 4Q 2026 dividend.
W&T Offshore entered a credit agreement amendment converting its revolver to reserve-based borrowing with a $100.0 million maximum and initially $50.0 million elected commitments, maturing on the earlier of July 28, 2028 and 6 months before the Senior Second Lien Notes’ stated maturity.
