Filing Flows › W&T Offshore (WTI) › Q3 2026 › vs Q3 2025
W&T Offshore (WTI) Q3 2026 vs Q3 2025 (year over year)
W&T Offshore's revenue rose $39.6M (+31%) from $128M in Q3 2025 to $167M in Q3 2026. The biggest changes: Oil +$27.6M (+33%); NGLs +$5.1M (+128%); Natural gas +$3.8M (+10%).
W&T Offshore, Q3 2026: revenue $167M (+31% year over year), operating margin 7.1%, net loss $13.6M, operating cash flow $36.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 17.1% | 3.7% | +13.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil | $112M | $84.1M | $27.6M | +33% |
| Natural gas | $41.2M | $37.4M | $3.8M | +10% |
| NGLs | $9.1M | $4.0M | $5.1M | +128% |
| Other | $5.0M | $2.0M | $3.0M | +151% |
| Revenue | $167M | $128M | $39.6M | +31% |
| Net loss | $13.6M | $71.5M | −$57.8M | -81% |
| Costs & expenses | $181M | $199M | −$18.3M | -9% |
| Operating costs | $155M | $140M | $15.1M | +11% |
| Interest & other, net | $25.0M | $2.9M | $22.1M | +769% |
| Income tax | $498K | $56.0M | −$55.5M | -99% |
| General & admin | $31.7M | $21.5M | $10.2M | +47% |
| Other operating costs | $124M | $119M | $5.0M | +4% |
| Operating cash sources | $50.3M | $98.0M | −$47.7M | -49% |
| Depreciation & amortization | $28.3M | $28.6M | −$314K | -1% |
| Share-based compensation | $10.4M | $3.5M | $6.9M | +194% |
| Working capital & other | $11.6M | $65.9M | −$54.3M | -82% |
| Net loss absorbed | $13.6M | $71.5M | −$57.8M | -81% |
| Operating cash flow | $36.6M | $26.5M | $10.1M | +38% |
| Free cash flow (OCF − capex) | $28.5M | $4.7M | $23.8M | +501% |
| Capital expenditures | $8.1M | $21.8M | −$13.7M | -63% |
Questions
How much did W&T Offshore's revenue grow year over year in Q3 2026?
W&T Offshore's revenue rose $39.6M (+31%) from $128M in Q3 2025 to $167M in Q3 2026.
What drove W&T Offshore's revenue change in Q3 2026?
Oil +$27.6M (+33%); NGLs +$5.1M (+128%); Natural gas +$3.8M (+10%).