W&T Offshore (WTI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

W&T Offshore

NYSE•Energy•Oil & Gas E&P

$3.54-0.05(-0.01%)Pre-market

Market Cap

$537.54M

P/S

0.9x

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America. The company sells crude oil, condensate, natural gas, liquids, and natural gas liquids. The company also provides construction, drilling, and production activities necessary to retrieve oil and gas from its natural reservoirs, including the acquisition, construction, installation, and maintenance of field gathering and storage systems, such as lifting oil and gas, and gathering, treating, and field processing; and extraction of hydrocarbons, solid, liquid, or gaseous state, oil sands, shale, coalbeds, or other nonrenewable natural resources. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.

How this company scores

WeakMetricSide Score: 57/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability14/25

Growth20/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality14/25

Strengths

Growing revenueLong cash runwayProfit converts from growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.6x5y range 2.8x – 30.6x

Currently above its 7-quarter median.

P/S · 0.9x5y range 0.4x – 1.1x

Currently near its 20-quarter median.

P/B · 62.8x5y range 15.3x – 104.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $537.54M

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $601.43M
Q. Revenue: $167.08M
TTM EBITDA: $139.59M
TTM Op. Income: $29.99M
Q. Op. Income: $11.82M
TTM Net Income: $-50.74M
Q. Net Income: $-13.65M
EPS: $-0.09
Shares Out.: $151.85M

$601.43M in TTM revenue grew 20.3% YoY, reaching $167.08M last quarter. TTM EBITDA of $139.59M and TTM operating income of $29.99M show growth is flowing through to the bottom line. However, net income is negative at $50.74M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 24.0%
Op. Margin: 7.1%
Net Margin: -8.2%

Op. margin of 7.1% is up 17.0% YoY — cost efficiency is improving. Net margin at -8.2% Over the past year, operating margin is up 172% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.9x
P/B Ratio: N/A

P/S of 0.9x and P/B of 0.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $991.03M
Cash: $191.32M
Long-Term Debt: $350.97M
Book Value: $-189.93M
D/E Ratio: N/A
Debt/EBITDA: 8.8

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $36.65M
TTM Free Cash Flow: $61.54M
FCF Margin: 10.2%
FCF / Net Income: -1.2

TTM FCF of $61.54M on $36.65M in operating cash flow. The FCF / Net Income ratio of -1.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.