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W&T Offshore cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$36.6M in Q3 2026 · $98.5M over twelve months

Operating cash flow$36.6M
Free cash flow+$36.6M

Analysis

In Q3 2026, W&T Offshore generated $36.6M of operating cash flow. That is $10.1M more than in Q3 2025 ($26.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $98.5M; the largest uses were other investing ($36.9M), dividends ($6.2M); besides operations, cash came from other financing ($9.6M); the cash balance rose by $65.0M.

Operating cash flow was $36.6M against net income of −$13.6M. The largest differences: depreciation & amortization +$28.3M, receivables −$11.9M, payables +$10.5M.

Free cash flow

W&T Offshore: free cash flow by quarterW&T Offshore: free cash flow by quarter−$4.3MQ4 2024−$3.6MQ1 2025$27.7MQ2 2025$26.5MQ3 2025$25.9MQ4 2025$2.6MQ1 2026$33.3MQ2 2026$36.6MQ3 2026
Operating cash flow less capital spending.
W&T Offshore: operating cash flow against capital spendingW&T Offshore: operating cash flow against capital spendingOperating cash flowCapital spending−$4.3M$0Q4 2024−$3.2M$400KQ1 2025$28.0M$311KQ2 2025$26.5M$0Q3 2025$25.9M$0Q4 2025$2.6M$0Q1 2026$33.3M$0Q2 2026$36.6M$0Q3 2026
Latest (Q3 2026): Operating cash flow $36.6M, Capital spending $0.

Capital allocation, year by year

W&T Offshore: where the cash came from (up) and went (down), by fiscal yearW&T Offshore: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingDividendsFY2021: Operating cash flow $134MFY2021: Net borrowing $135MFY2021: Capital spending −$32.1M$269MFY2021FY2022: Operating cash flow $340MFY2022: Shares issued $16.5MFY2022: Capital spending −$51.5M$356MFY2022FY2023: Operating cash flow $115MFY2023: Net borrowing −$277MFY2023: Capital spending −$41.8MFY2023: Dividends −$1.5M$115MFY2023FY2024: Operating cash flow $59.5MFY2024: Capital spending −$80.6MFY2024: Dividends −$5.9M$59.5MFY2024FY2025: Operating cash flow $77.2MFY2025: Net borrowing −$114MFY2025: Capital spending −$48.6MFY2025: Dividends −$6.0M$77.2MFY2025
Over these 5 years operating cash flow totalled $725M; the largest uses were net borrowing ($392M) and capital spending ($255M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$191M
Debt$352M
Net debt$161M
Due within a year$28.7M

W&T Offshore funds itself: free cash flow was $98.5M over the last twelve months, and $191M of cash and investments stands against $352M of debt ($28.7M due within a year, 6.7× covered by cash).

W&T Offshore: debt maturities by year (FY2024)W&T Offshore: debt maturities by year (FY2024)$28.7MYear 1$309MYear 2$22.8MYear 3$38.3MYear 4
Principal due in each year as disclosed in the annual report, against $191M of cash and investments now.

Where the cash came from and went

W&T Offshore: sources (+) and uses (−) of cash, Q3 2026W&T Offshore: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$40.6MOperating cash flow$36.6MOther financing$13.8MOther investing−$8.2MDividends−$1.6M
W&T Offshore: sources (+) and uses (−) of cash, TTM to Q3 2026W&T Offshore: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$98.5MCash drawn (+) / kept (−)−$65.0MOther investing−$36.9MOther financing$9.6MDividends−$6.2M

From profit to cash

W&T Offshore: net income to operating cash flow, Q3 2026W&T Offshore: net income to operating cash flow, Q3 2026Net income−$13.6MDepreciation & amortization$28.3MStock-based pay$10.4MDeferred taxes−$8KReceivables−$11.9MPayables$10.5MPrepaid and other assets$1.1MOperating cash flow$36.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$36.6M—−$1.6M—−$40.6M$36.6M
Q2 2026$33.3M—−$1.6M—−$19.8M$33.3M
Q1 2026$2.6M—−$1.5M—$9.7M$2.6M
Q4 2025$25.9M—−$1.5M—−$14.3M$25.9M
Q3 2025$26.5M—−$1.5M—−$4.1M$26.5M
Q2 2025$28.0M−$311K−$1.5M—−$14.8M$27.7M
Q1 2025−$3.2M−$400K−$1.5M$80.2M$3.1M−$3.6M
Q4 2024−$4.3M—−$1.5M—$20.4M−$4.3M

W&T Offshore: income statement and cash flow

W&T Offshore, Q3 2026: revenue $167M (+31% year over year), operating margin 7.1%. The chart follows the revenue to costs, profit and cash.

W&T Offshore: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.