W&T Offshore announced second-quarter 2026 results on August 5, swinging to $12.6 million in net income from a $22.5 million loss in the prior quarter while declaring its 12th consecutive quarterly dividend. Free cash flow rose 50% to $31.4 million from $21.0 million in the first quarter, unrestricted cash grew 15% to $150.7 million, and net debt fell 9% to $200.9 million, or 1.2 times trailing twelve-month Adjusted EBITDA, against $194.1 million in total liquidity. Realized oil prices jumped 43% to $99.30 a barrel, lifting the average realized price per barrel of oil equivalent 11% to $50.23, while lease operating expenses of $71.6 million came in below the low end of guidance. Offsetting those gains, total production slipped 4% to 34.7 thousand barrels of oil equivalent per day, natural gas prices fell 39% to $3.31 per thousand cubic feet, and G&A rose 11% to $27.5 million, leaving total debt at $351.6 million. The dividend stays fixed at $0.01 per share, payable August 26 to holders of record on August 19, and management said its surety litigation, including antitrust claims, could yield damages reaching into the hundreds of millions of dollars once trebled, though it concedes no assurance of a favorable outcome.
W&T Offshore IncSwung to $12.6M Q2 profit from a $22.5M loss, with free cash flow up 50% and net debt down 9%.
Dalipal Holdings Ltd