W&T Offshore, Inc. (NYSE:WTI) Financial Performance Analysis

Font: Financial Modeling Prep  • Mar 16, 2026

• Earnings per Share (EPS) reported at -$0.18, missing the estimated EPS and marking an earnings surprise of -55.56%.
• Revenue for the quarter was $121.7 million, slightly below the estimated but showing modest year-over-year growth.
• Financial metrics reveal challenges, with a negative price-to-earnings (P/E) ratio and a debt-to-equity ratio indicating more liabilities than equity.

W&T Offshore, Inc. (NYSE:WTI) is a company engaged in the exploration and production of oil and gas in the United States. Operating within the Zacks Oil and Gas - Exploration and Production industry, WTI focuses on acquiring and developing properties in the Gulf of Mexico. The company faces competition from other players in the industry, which can impact its financial performance.

On March 16, 2026, WTI reported an earnings per share (EPS) of -$0.18, which was lower than the estimated EPS of -$0.11. This result marks an earnings surprise of -55.56%, as highlighted by Zacks. Despite this quarter's miss, WTI has exceeded consensus EPS estimates in three of the last four quarters.

The company's actual revenue for the quarter was $121.7 million, slightly below the estimated revenue of $123.7 million. This revenue figure fell short of the Zacks Consensus Estimate by 10.47%, but it was slightly higher than the $120.35 million reported in the same period the previous year. This indicates a modest year-over-year growth in revenue despite missing estimates.

WTI's financial metrics reveal some challenges. The company has a negative price-to-earnings (P/E) ratio of approximately -3.34, indicating ongoing losses. The price-to-sales ratio stands at nearly 1, suggesting that the company's market value is roughly equal to its sales. The enterprise value to sales ratio is about 1.42, reflecting the company's total valuation, including debt.

The enterprise value to operating cash flow ratio is approximately 9.32, indicating how many times the operating cash flow can cover the enterprise value. WTI's earnings yield is negative at around -29.93%, further highlighting the company's current financial challenges. The debt-to-equity ratio is negative at approximately -1.76, suggesting that the company has more liabilities than equity. Lastly, the current ratio is slightly above 1 at about 1.02, indicating that the company has just enough current assets to cover its current liabilities.