Filing Flows › W&T Offshore (WTI) › Q3 2025
W&T Offshore (WTI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
W&T Offshore (WTI) reported revenue of $128M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +4% from the quarter before. Operating margin was -9.9%, net loss $71.5M (56.1% of revenue).
W&T Offshore, Q3 2025: revenue $128M (+5% year over year), operating margin -9.9%, net loss $71.5M, operating cash flow $26.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | +4% | +5% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$71.5M | — | — |
| Operating cash flow | $26.5M | -5% | +80% |
What changed
Revenue was $127.5M in Q3 2025, up 5% year over year and up 4% from the previous quarter. Oil was the largest line at 66% of revenue. Natural gas added $14.3M year over year (up 62%), 232% of the total change. NGLs declined 29%.
Operating costs exceeded revenue by $12.6M, an operating margin of -9.9%. Total costs fell 0% while revenue rose 5%. The quarter ended with a net loss of $71.5M, wider than the previous quarter's $20.9M loss.
Operating cash flow was $26.5M (up 80% year over year). Non-cash charges added back $28.6M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $65.9M.
Questions
What was W&T Offshore's revenue in the third quarter 2025?
W&T Offshore (WTI) reported revenue of $128M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +4% from the quarter before.
Was W&T Offshore profitable in the third quarter 2025?
Operating loss was $12.6M (-9.9% of revenue) and net loss $71.5M.
Source: W&T Offshore 10-Q on SEC EDGAR.