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W&T Offshore vs Sable Offshore: WTI and SOC compared
W&T Offshore is the larger company: $167M of revenue in its latest quarter (Q3 2026) against $137M for Sable Offshore (Q2 2026). W&T Offshore is more profitable, with an operating margin of 7.1% against -48.8%.
Where the money goes: WTI and SOC
W&T Offshore (WTI) · Q3 2026
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.
Sable Offshore (SOC) · Q2 2026
Sable Offshore, Q2 2026: revenue $137M, operating margin -48.8%, net loss $64.2M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| W&T Offshore (WTI) | Sable Offshore (SOC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $167M | $137M |
| Revenue growth, Y/Y | +31% | — |
| Operating margin | 7.1% | -48.8% |
| Net earnings | −$13.6M | −$64.2M |
| Net margin | -8.2% | -46.8% |
| Operating cash flow | $36.6M | $9.4M |
| Free cash flow | $28.5M | — |
Where the revenue comes from
W&T Offshore
- Oil: $112M (67%)
- Natural gas: $41.2M (25%)
- NGLs: $9.1M (5%)
- Other: $5.0M (3%)
Sable Offshore
- Oil and natural gas liquids sales: $137M (100%)
- Other: $416K (0%)
Questions
Which is bigger, W&T Offshore or Sable Offshore?
W&T Offshore is the larger company: $167M of revenue in its latest quarter (Q3 2026) against $137M for Sable Offshore (Q2 2026).
Is W&T Offshore or Sable Offshore growing faster?
W&T Offshore is more profitable, with an operating margin of 7.1% against -48.8%.
More: W&T Offshore earnings · how W&T Offshore makes money · Sable Offshore earnings · how Sable Offshore makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.