Filing Flows › W&T Offshore (WTI) › Q4 2025
W&T Offshore (WTI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
W&T Offshore (WTI) reported revenue of $122M for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and -5% from the quarter before. Operating margin was -15.7%, net loss $27.1M (22.3% of revenue).
W&T Offshore, Q4 2025: revenue $122M (+1% year over year), operating margin -15.7%, net loss $27.1M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -5% | +1% |
| Operating profit | −$19.1M | — | — |
| Net earnings | −$27.1M | — | — |
| Operating cash flow | $25.9M | -2% | — |
What changed
Revenue was $121.7M in Q4 2025, up 1% year over year and down 5% from the previous quarter. Oil was the largest line at 62% of revenue.
Operating costs exceeded revenue by $19.1M, an operating margin of -15.7%. Total costs grew 3% against revenue growth of 1%. The quarter ended with a net loss of $27.1M, narrower than the previous quarter's $71.5M loss.
Operating cash flow was $25.9M. Non-cash charges added back $28.5M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $20.9M.
Questions
What was W&T Offshore's revenue in the fourth quarter 2025?
W&T Offshore (WTI) reported revenue of $122M for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and -5% from the quarter before.
Was W&T Offshore profitable in the fourth quarter 2025?
Operating loss was $19.1M (-15.7% of revenue) and net loss $27.1M.
Source: W&T Offshore 10-K on SEC EDGAR.