W&T Offshore
WTI on NYSE. W&T Offshore sells oil and natural gas from Gulf of America wells to buyers. Market value $543m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Energy stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.28 of spare cash last year. A savings account pays about $4.
You pay 133.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 9 cents a year. Above 10 is good.
Quality score: 59 of 100. Price score: 29 of 100. Our list needs 70 on quality and 60 on price.
$3.59 a share, 139% above its 1-year low
Over the past year the price has ranged from $1.50 to $5.08.
Dividend: 1.1% a year
Paid every year for 3 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $558m | $921m | $533m | $525m | $501m |
| Operating margin | |||||
| Operating margin | 34.0% | 49.3% | 5.5% | -8.0% | -10.5% |
| Debt to equity | |||||
| Debt to equity | n/a | 90.84 | 12.52 | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.14bn | 0.15bn | 0.15bn | 0.15bn | 0.15bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 7 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsSlow, 7.7% a year
- Buying back its own sharesNo, 5% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $163 million last quarter, up 33% on a year ago.
- Profit: $13 million, after a loss of $21 million a year ago.
- It keeps 1 cents of each $1 of sales as operating profit, after losing 12 cents a year earlier.
- 7% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $201 million more than cash, down from $229 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $121m |
| December 2024 | $120m |
| March 2025 | $130m |
| June 2025 | $122m |
| September 2025 | $128m |
| December 2025 | $122m |
| March 2026 | $150m |
| June 2026 | $163m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$37m |
| December 2024 | -$23m |
| March 2025 | -$31m |
| June 2025 | -$21m |
| September 2025 | -$71m |
| December 2025 | -$27m |
| March 2026 | -$23m |
| June 2026 | $13m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 16 March 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
None of the long-term investors we follow own it. 177 funds in all.
Largest holders overall
- BlackRock$26mAdded
- D. E. Shaw$20mAdded
- Goldman Sachs Group$16mAdded
- Vanguard Capital Management$14mAdded
- Acadian Asset Management$13mAdded
- Vanguard Portfolio Management$11mAdded
- Ameriprise Financial$11mAdded
- Nuveen$11mAdded
- TWO Sigma Investments, LP$9mCut
- Geode Capital Management$9mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- THE GOLDMAN SACHS GROUP, INC.Passive investorat least 3.4%−1.7 pts(filed with 1 related holder)Since 30 June 2026
| Holder | Stake | Since | |
|---|---|---|---|
THE GOLDMAN SACHS GROUP, INC. Passive investor | at least 3.4%−1.7 pts (filed with 1 related holder) | 30 June 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 8 sold $1m.
- Conwill Daniel O. IVDirectorSold
- Date
- 16 July 2026
- Shares
- 60,000
- Price
- $3.41
- Value
- $204,600
- CHANG NANCY TDirectorSold
- Date
- 15 July 2026
- Shares
- 60,000
- Price
- $3.31
- Value
- $198,600
- Williford William JEVP & Chief Operating OfficerSold
- Date
- 14 July 2026
- Shares
- 30,000
- Price
- $3.56
- Value
- $106,800
- Parasnis SameerEVP & Chief Financial OfficerSold
- Date
- 14 July 2026
- Shares
- 30,000
- Price
- $3.56
- Value
- $106,800
- Hittner GeorgeEVP, GC & Corporate SecretarySold
- Date
- 14 July 2026
- Shares
- 30,000
- Price
- $3.53
- Value
- $105,900
- Hartman Bart P. IIIVP & Chief Accounting OfficerSold
- Date
- 14 July 2026
- Shares
- 6,000
- Price
- $3.54
- Value
- $21,240
- Gamblin HuanEVP & Chief Technical OfficerSold
- Date
- 14 July 2026
- Shares
- 30,000
- Price
- $3.55
- Value
- $106,500
- Boulet VirginiaDirectorSold
- Date
- 14 July 2026
- Shares
- 60,000
- Price
- $3.54
- Value
- $212,400
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 16 July 2026 | Conwill Daniel O. IV Director | Sold | 60,000 | $3.41 | $204,600 |
| 15 July 2026 | CHANG NANCY T Director | Sold | 60,000 | $3.31 | $198,600 |
| 14 July 2026 | Williford William J EVP & Chief Operating Officer | Sold | 30,000 | $3.56 | $106,800 |
| 14 July 2026 | Parasnis Sameer EVP & Chief Financial Officer | Sold | 30,000 | $3.56 | $106,800 |
| 14 July 2026 | Hittner George EVP, GC & Corporate Secretary | Sold | 30,000 | $3.53 | $105,900 |
| 14 July 2026 | Hartman Bart P. III VP & Chief Accounting Officer | Sold | 6,000 | $3.54 | $21,240 |
| 14 July 2026 | Gamblin Huan EVP & Chief Technical Officer | Sold | 30,000 | $3.55 | $106,500 |
| 14 July 2026 | Boulet Virginia Director | Sold | 60,000 | $3.54 | $212,400 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
- It isn't cheap on profits: 133.6× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.