Filing Flows › W&T Offshore (WTI) › Q2 2026
W&T Offshore (WTI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
W&T Offshore (WTI) reported revenue of $163M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +8% from the quarter before. Operating margin was 13.9%, net earnings $12.6M (7.7% of revenue).
W&T Offshore, Q2 2026: revenue $163M (+33% year over year), operating margin 13.9%, net earnings $12.6M, operating cash flow $33.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $163M | +8% | +33% |
| Operating profit | $22.6M | +55% | — |
| Net earnings | $12.6M | — | — |
| Operating cash flow | $33.3M | 13× | +19% |
| Free cash flow | $24.7M | — | +41% |
What changed
Revenue was $162.6M in Q2 2026, up 33% year over year and up 8% from the previous quarter. Oil was the largest line at 74% of revenue. Oil added $40.4M year over year (up 51%), 100% of the total change. Natural gas declined 8%.
Operating profit was $22.6M, a 13.9% margin (up 24.4 points year over year). Total costs grew 4% against revenue growth of 33%. The fastest-growing cost line was General & admin (+56%). Net earnings were $12.6M. The effective tax rate was -12.2%.
Operating cash flow was $33.3M (up 19% year over year), 265% of net earnings. Non-cash charges added back $25.6M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items used $15.9M. Capital expenditures of $8.6M left free cash flow of $24.7M.
Questions
What was W&T Offshore's revenue in the second quarter 2026?
W&T Offshore (WTI) reported revenue of $163M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +8% from the quarter before.
Was W&T Offshore profitable in the second quarter 2026?
Operating profit was $22.6M (13.9% of revenue) and net earnings $12.6M.
Source: W&T Offshore 10-Q on SEC EDGAR.