W&t Offshore ( (WTI) ) has released its Q3 earnings. Here is a breakdown of the information W&t Offshore presented to its investors.
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W&T Offshore, Inc. is an independent oil and natural gas producer operating primarily in the Gulf of Mexico, known for its strategic acquisitions and development of offshore assets. In its third quarter of 2025, W&T Offshore reported a net loss of $71.5 million, significantly impacted by a non-cash valuation allowance against its deferred tax assets. Despite this, the company achieved a production increase to 35.6 thousand barrels of oil equivalent per day, near the high end of its guidance, and an 11% growth in Adjusted EBITDA to $39.0 million. Key financial metrics highlighted include a reduction in lease operating expenses per barrel by 8% to $23.27, and an increase in unrestricted cash to $124.8 million, with total debt reported at $350.4 million. The company continues to focus on strategic acquisitions, as evidenced by the positive impact of the Cox acquisition on production growth. Looking forward, W&T Offshore remains committed to its strategic vision, focusing on enhancing production through acquisitions and maintaining a strong cash position to capitalize on future opportunities.