Filing Flows › W&T Offshore (WTI) › Q3 2026
W&T Offshore (WTI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
W&T Offshore (WTI) reported revenue of $167M for the third quarter 2026 (Q3 2026), +31% from a year earlier and +3% from the quarter before. Operating margin was 7.1%, net loss $13.6M (8.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +3% | +31% |
| Operating profit | $11.8M | -48% | — |
| Net earnings | −$13.6M | -209% | — |
| Operating cash flow | $36.6M | +10% | +38% |
| Free cash flow | $28.5M | — | +501% |
What changed
Revenue was $167.1M in Q3 2026, up 31% year over year and up 3% from the previous quarter. Oil was the largest line at 67% of revenue. Oil added $27.6M year over year (up 33%), 70% of the total change.
Operating profit was $11.8M, a 7.1% margin (up 17.0 points year over year). Total costs grew 11% against revenue growth of 31%. The fastest-growing cost line was General & admin (+47%). The quarter ended with a net loss of $13.6M, after a profit of $12.6M the previous quarter. Net interest and other expense of $25.0M was the main reason.
Operating cash flow was $36.6M (up 38% year over year). Non-cash charges added back $28.3M of depreciation and amortization and $10.4M of share-based compensation. Working capital and other items added $11.6M. Capital expenditures of $8.1M left free cash flow of $28.5M.
Questions
What was W&T Offshore's revenue in the third quarter 2026?
W&T Offshore (WTI) reported revenue of $167M for the third quarter 2026 (Q3 2026), +31% from a year earlier and +3% from the quarter before.
Was W&T Offshore profitable in the third quarter 2026?
Operating profit was $11.8M (7.1% of revenue) and net loss $13.6M.
Source: W&T Offshore 10-Q on SEC EDGAR.