W&T Offshore

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across key profitability and cash flow metrics, with revenue of $162.6M exceeding expectations by 4.4%. GAAP EPS of $0.08 substantially outperformed the $0.0215 mean estimate, driven by strong realized oil pricing ($99.30/Bbl) and lease operating expenses falling below the low end of guidance. Free Cash Flow reached $31.4M, surpassing the implied expectation of $21.0M, while Net Debt was reduced by 9% QoQ.