--- title: "W&T Offshore | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 162.62 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295021317.md" datetime: "2026-08-05T21:49:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295021317.md) - [en](https://longbridge.com/en/news/295021317.md) - [zh-HK](https://longbridge.com/zh-HK/news/295021317.md) generator: "portal-rs" --- # W&T Offshore | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 162.62 M Revenue: As of FY2026 Q2, the actual value is USD 162.62 M, beating the estimate of USD 155.79 M. EPS: As of FY2026 Q2, the actual value is USD 0.08, beating the estimate of USD 0.0215. EBIT: As of FY2026 Q2, the actual value is USD 20.43 M. W&T Offshore, Inc. filed a Form 8-K on August 5, 2026, reporting financial and operational results for the second quarter ended June 30, 2026, through a press release furnished as Exhibit 99.1. However, the detailed financial metrics, operational data, and any forward-looking outlook or guidance from this press release are not included within the text of this Form 8-K document itself. #### Financial Performance W&T Offshore, Inc. reported net income of $12.6 million, or $0.08 per diluted share, for the second quarter of 2026, a significant increase from a net loss of - $22.5 million, or - $0.15 per diluted share, in the first quarter of 2026. Adjusted Net Income totaled $3.5 million, or $0.02 per diluted share, compared to an Adjusted Net Loss of - $5.1 million, or - $0.03 per diluted share, in the first quarter of 2026. The company generated Adjusted EBITDA of $54.4 million for the second quarter, contributing to a total of $108.9 million in Adjusted EBITDA for the first half of 2026. Operating income for the second quarter of 2026 was $22,629 thousand, up from $14,636 thousand in the first quarter of 2026, and a notable improvement from an operating loss of - $12,853 thousand in the second quarter of 2025. #### Operational Metrics Average daily equivalent sales were 34.7 MBoe/d in Q2 2026, compared to 36.2 MBoe/d in Q1 2026 and 33.5 MBoe/d in Q2 2025. The company produced 34.7 thousand barrels of oil equivalent per day (“MBoe/d”), which was at the midpoint of its guidance and represented a 3% increase from the same period in 2025. #### Operating Expenses Lease operating expenses were $71,563 thousand in Q2 2026, an 8% increase from $66,114 thousand in Q1 2026, but a 7% decrease from $76,924 thousand in Q2 2025. Lease operating expenses per Boe were $22.67 in Q2 2026. Gathering, Transportation and Production Taxes were $6,565 thousand in Q2 2026, a 24% decrease from $8,654 thousand in Q1 2026, but a 19% increase from $5,499 thousand in Q2 2025. General and Administrative Expenses were $27,508 thousand in Q2 2026, an 11% increase from $24,833 thousand in Q1 2026, and a 56% increase from $17,670 thousand in Q2 2025. Adjusted General and Administrative Expenses decreased 5% to $16.4 million compared to $17.4 million in Q1 2026. #### Cash Flow and Capital Expenditures Free Cash Flow increased by 50% to $31.4 million in Q2 2026 compared to $21.0 million in Q1 2026, representing a 776% increase from $3,583 thousand in Q2 2025. Net Cash Provided by Operating Activities was $33,322 thousand in Q2 2026, significantly up from $2,551 thousand in Q1 2026 and $27,962 thousand in Q2 2025. Capital Expenditures (accrual basis) were $10,358 thousand in Q2 2026, a 43% increase from $7,230 thousand in Q1 2026, and a 1% decrease from $10,445 thousand in Q2 2025. Asset Retirement Obligation Settlements were $3,437 thousand in Q2 2026, an 80% decrease from $17,166 thousand in Q1 2026. #### Balance Sheet and Liquidity Unrestricted Cash and Cash Equivalents grew 15% to $150.7 million from $130.9 million at March 31, 2026. Net Debt decreased 9% to $200.9 million from $220.3 million at March 31, 2026. Total debt as of June 30, 2026, was $351.6 million. W&T Offshore, Inc. ended Q2 2026 with $194.1 million in total available liquidity, comprising $150.7 million in unrestricted cash and cash equivalents and $43.4 million of borrowing availability. #### Outlook and Guidance W&T Offshore, Inc. anticipates third quarter 2026 production to be slightly higher than the second quarter. Third quarter lease operating expenses are projected to increase due to deferred and accelerated facility and workover expense projects. Full year 2026 capital expenditures and plugging and abandonment are expected to be towards the higher end of guidance, driven by accelerated projects in the current commodity price environment. ### Related Stocks - [WTI.US](https://longbridge.com/en/quote/WTI.US.md) ## Related News & Research - [A Look at W&T Offshore's Upcoming Earnings Report](https://longbridge.com/en/news/277818126.md) - [North Sea Crude-Grades weaken on lower offers](https://longbridge.com/en/news/296517472.md) - [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md) - [Oil and gas producer W&T Offshore's Q2 revenue rises more than expected on higher prices](https://longbridge.com/en/news/295014526.md) - [W&T Offshore declares $0.01 per share dividend for Q3 2026](https://longbridge.com/en/news/295023658.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**