Filing Flows › W&T Offshore (WTI) › Q2 2025
W&T Offshore (WTI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
W&T Offshore (WTI) reported revenue of $122M for the second quarter 2025 (Q2 2025), -14% from a year earlier and -6% from the quarter before. Operating margin was -10.5%, net loss $20.9M (17.1% of revenue).
W&T Offshore, Q2 2025: revenue $122M (-14% year over year), operating margin -10.5%, net loss $20.9M, operating cash flow $28.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -6% | -14% |
| Operating profit | −$12.9M | — | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | $28.0M | — | -25% |
| Free cash flow | $27.7M | — | -26% |
What changed
Revenue was $122.4M in Q2 2025, down 14% year over year and down 6% from the previous quarter. Oil was the largest line at 65% of revenue. Oil lost $31.0M year over year (down 28%), 152% of the total change.
Operating costs exceeded revenue by $12.9M, an operating margin of -10.5%. Total costs fell 9% while revenue fell 14%. The quarter ended with a net loss of $20.9M, narrower than the previous quarter's $30.6M loss.
Operating cash flow was $28.0M (down 25% year over year). Non-cash charges added back $26.4M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $19.5M. Capital expenditures of $311K left free cash flow of $27.7M.
Questions
What was W&T Offshore's revenue in the second quarter 2025?
W&T Offshore (WTI) reported revenue of $122M for the second quarter 2025 (Q2 2025), -14% from a year earlier and -6% from the quarter before.
Was W&T Offshore profitable in the second quarter 2025?
Operating loss was $12.9M (-10.5% of revenue) and net loss $20.9M.
Source: W&T Offshore 10-Q on SEC EDGAR.