(WTI) W&T Offshore - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 653m USD | Total Return: 226.4% in 12m
Avg Turnover: 28.7M
Qual. Beats: -2
Rev. Trend: -76.5%
Qual. Beats: 1
Warnings
Negative Equity with losses - insolvent profile
Interest Coverage Ratio -0.6 is critical
Altman Z'' -3.61 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Leader, Tailwind, Pullback 52w, Confidence
W&T Offshore, Inc. (WTI) is an independent energy company focused on the acquisition, exploration, and development of oil and natural gas assets within the Gulf of Mexico. Founded in 1983 and based in Houston, Texas, the firm manages the full lifecycle of hydrocarbon extraction, including the construction and maintenance of gathering, processing, and storage infrastructure. Its portfolio includes crude oil, natural gas liquids, and condensate sourced from traditional reservoirs and nonrenewable resources like shale and oil sands.
The company operates within the upstream sector, where profitability is heavily influenced by global commodity price volatility and the technical challenges of offshore drilling. Unlike integrated oil majors, independent producers typically focus exclusively on exploration and production (E&P) rather than refining or retail marketing. This business model requires significant capital expenditure for field maintenance and the development of subsea gathering systems to transport extracted resources to onshore markets.
Investors can further evaluate the companys financial health and valuation metrics on ValueRay. Detailed analysis of reserve replacement ratios and production costs remains essential for understanding the long-term viability of offshore operators in the Gulf of Mexico.
- Fluctuations in Gulf of Mexico crude oil and natural gas pricing
- Strategic acquisitions of mature offshore assets drive production growth and reserves
- High operational leverage sensitive to offshore lifting and maintenance costs
- Federal environmental regulations and drilling permit delays impact development timelines
- Debt service requirements and refinancing terms influence free cash flow allocation
| Net Income: -142.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 4.24 > 1.0 |
| NWC/Revenue: -0.25% < 20% (prev 6.61%; Δ -6.86% < -1%) |
| CFO/TA 0.09 > 3% & CFO 81.9m > Net Income -142.0m |
| Net Debt (223.9m) to EBITDA (105.3m): 2.13 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (148.8m) vs 12m ago 0.80% < -2% |
| Gross Margin: 26.39% > 18% (prev 0.51%; Δ 2.59k% > 0.5%) |
| Asset Turnover: 52.58% > 50% (prev 50.18%; Δ 2.40% > 0%) |
| Interest Coverage Ratio: -0.62 > 6 (EBITDA TTM 105.3m / Interest Expense TTM 36.2m) |
| A: -0.00 (Total Current Assets 249.4m - Total Current Liabilities 250.6m) / Total Assets 959.2m |
| B: -0.84 (Retained Earnings -804.5m / Total Assets 959.2m) |
| C: -0.02 (EBIT TTM -22.3m / Avg Total Assets 992.0m) |
| D: -0.68 (Book Value of Equity -804.5m / Total Liabilities 1.18b) |
| Altman-Z'' = -3.61 = D |
| DSRI: 1.07 (Receivables 100.0m/91.9m, Revenue 521.6m/514.3m) |
| GMI: 1.94 (GM 26.39% / 51.27%) |
| AQI: 0.53 (AQ_t 0.06 / AQ_t-1 0.11) |
| SGI: 1.01 (Revenue 521.6m / 514.3m) |
| TATA: -0.23 (NI -142.0m - CFO 81.9m) / TA 959.2m) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 4.39 with a total of 5,946,772 shares traded.
Over the past week, the price has changed by -6.53%,
over one month by +13.84%,
over three months by +70.68% and
over the past year by +226.38%.
W&T Offshore has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy WTI.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 4.6 | 4.8% |
P/S = 1.2521
P/B = 62.0489
P/EG = 0.7262
Revenue TTM = 521.6m USD
EBIT TTM = -22.3m USD
EBITDA TTM = 105.3m USD
Long Term Debt = 342.9m USD (from longTermDebt, last quarter)
Short Term Debt = 10.1m USD (from shortTermDebt, last quarter)
Debt = 354.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.79m
Net Debt = 223.9m USD (calculated: Debt 354.8m - CCE 130.9m)
Enterprise Value = 877.0m USD (653.1m + Debt 354.8m - CCE 130.9m)
Interest Coverage Ratio = -0.62 (Ebit TTM -22.3m / Interest Expense TTM 36.2m)
EV/FCF = 18.59x (Enterprise Value 877.0m / FCF TTM 47.2m)
FCF Yield = 5.38% (FCF TTM 47.2m / Enterprise Value 877.0m)
FCF Margin = 9.04% (FCF TTM 47.2m / Revenue TTM 521.6m)
Net Margin = -27.23% (Net Income TTM -142.0m / Revenue TTM 521.6m)
Gross Margin = 26.39% ((Revenue TTM 521.6m - Cost of Revenue TTM 384.0m) / Revenue TTM)
Gross Margin QoQ = 26.31% (prev 69.39%)
Tobins Q-Ratio = 0.91 (Enterprise Value 877.0m / Total Assets 959.2m)
Interest Expense / Debt = 10.20% (Interest Expense 36.2m / Debt 354.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = -17.6m (EBIT -22.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.99 (Total Current Assets 249.4m / Total Current Liabilities 250.6m)
Debt / Equity = -1.60 (negative equity) (Debt 354.8m / totalStockholderEquity, last quarter -221.8m)
Debt / EBITDA = 2.13 (Net Debt 223.9m / EBITDA 105.3m)
Debt / FCF = 4.75 (Net Debt 223.9m / FCF TTM 47.2m)
Total Stockholder Equity = -174.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -14.32% (Net Income -142.0m / Total Assets 959.2m)
RoE = -22.53% (Net Income TTM -142.0m / Total Stockholder Equity 630.3m)
RoCE = -2.29% (EBIT -22.3m / Capital Employed (Equity 630.3m + L.T.Debt 342.9m))
RoIC = -3.00% (negative operating profit) (NOPAT -17.6m / Invested Capital 587.7m)
WACC = 9.54% (E(653.1m)/V(1.01b) * Re(10.35%) + D(354.8m)/V(1.01b) * Rd(10.20%) * (1-Tc(0.21)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 0.66%
[DCF] Terminal Value 74.21% ; FCFF base≈31.1m ; Y1≈35.6m ; Y5≈52.5m
[DCF] Fair Price = 2.88 (EV 652.2m - Net Debt 223.9m = Equity 428.3m / Shares 148.8m; r=9.54% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.61 | # QB: -2
Revenue Correlation: -76.49 | Revenue CAGR: -8.17% | SUE: 3.57 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=+166.67% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.03 | Chg30d=+125.25% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.01 | Chg30d=+101.19% | Revisions=+20% | GrowthEPS=+102.2% | GrowthRev=+14.1%
EPS next Year (2027-12-31): EPS=-0.10 | Chg30d=+76.40% | Revisions=+33% | GrowthEPS=-1360.4% | GrowthRev=-0.3%
[Analyst] Revisions Ratio: +33%