W&T Offshore, Inc. (NYSE: WTI) announced its final operational and financial results for the fourth quarter and full year 2025 on March 16, 2026. The company reported a net loss of $150.1 million for the full year, or $(1.01) per diluted share, and an adjusted net loss of $55.1 million, or $(0.37) per diluted share. For the fourth quarter, W&T reported a net loss of $27.1 million, or $(0.18) per diluted share. Despite these losses, the company achieved significant operational milestones, including an increase in production to 36.2 MBoe/d in Q4 2025, surpassing the midpoint of guidance. The total production for 2025 was 34.0 MBoe/d, totaling 12.4 million barrels of oil equivalent.

W&T's year-end 2025 proved reserves were reported at 121.0 MMBoe, with a present value of estimated future revenues of $1.1 billion. The company also highlighted a reduction in lease operating expenses (LOE) per barrel, which decreased by 4% in Q4 compared to Q3 2025. W&T's capital expenditures for 2025 were $54.8 million, focused on production enhancement projects.

Looking ahead, W&T provided guidance for 2026, projecting production between 33.5 MBoe/d and 37.1 MBoe/d for Q1 2026 and 33.5 MBoe/d to 37.2 MBoe/d for the full year. The company plans to continue its focus on operational execution and enhancing shareholder value through dividends, having declared a first-quarter 2026 dividend of $0.01 per share. W&T's Chairman and CEO, Tracy W. Krohn, emphasized the company's commitment to strategic growth and operational excellence, positioning W&T to capitalize on potential acquisitions and improve financial stability.

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