WTI FINANCIAL STATEMENTS

W&T Offshore Inc — balance sheet, income statement and cash flow trends

WTIW&T Offshore Inc

🇺🇸 USA · NYSE · Energy · Oil & Gas E&P

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue521.6 M $+1.4%

Gross Profit137.6 M $-47.8%

Operating Income-29.9 M $—

EBITDA80 M $-5.8%

Net Income-142 M $—

Peer Comparison· Oil & Gas E&P

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WTI	1.4%	26.4%	15.3%	-27.2%
PXT	-17.6%	40.9%	46.7%	19.6%
VAR	286.9%	45.0%	79.9%	7.0%
BIR	12.6%	43.7%	55.8%	9.6%
AAV	8.7%	40.4%	66.3%	16.8%
KEL	12.8%	19.7%	55.5%	8.7%
Industry median	-1.0%	38.9%	51.0%	12.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WTI	1.4%	26.4%	15.3%	-27.2%
SD	18.8%	51.6%	71.7%	46.4%
PNRG	-26.2%	25.2%	42.6%	12.1%
EGY	-29.8%	20.4%	-10.7%	-41.6%
GRNT	10.1%	23.6%	42.0%	-7.1%
VTS	11.4%	17.1%	45.3%	-7.1%
Industry median	-1.0%	38.9%	51.0%	12.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Current Liabilities250.6 M $21%
Long-term Liabilities930.3 M $79%

Key Figures

YoY change

Total Assets959.2 M $-6.4%

Total Liabilities1.2 B $+6.6%

Total Equity-221.8 M $—

Cash & ST Investments130.9 M $+23.6%

Total Debt353 M $+0.4%

Net Debt222.1 M $-9.7%

Peer Comparison· Oil & Gas E&P

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WTI	0.99	-159.2%	2.78	-23.1%
PXT	1.49	9.5%	0.00	77.4%
VAR	0.63	—	—	2.1%
BIR	1.17	23.1%	1.33	66.5%
AAV	0.38	48.6%	1.83	53.4%
KEL	0.52	12.9%	0.52	69.0%
Industry median	0.83	38.1%	1.03	52.5%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WTI	0.99	-159.2%	2.78	-23.1%
SD	2.40	0.2%	-0.87	80.7%
PNRG	1.06	2.7%	-0.18	67.5%
EGY	0.51	69.7%	-5.24	37.5%
GRNT	0.93	78.1%	1.98	45.7%
VTS	0.56	26.3%	1.18	64.6%
Industry median	0.83	38.1%	1.03	52.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow82.8 M $+85.3%

Capital Expenditures52.6 M $+39.5%

Free Cash Flow30.2 M $+332.8%

Dividends Paid-6 M $-201.3%

Peer Comparison· Oil & Gas E&P

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WTI	15.9%	5.8%	10.1%	-58.3%
PXT	39.4%	17.6%	21.8%	201.2%
VAR	66.1%	24.5%	37.5%	940.1%
BIR	60.1%	17.9%	42.1%	626.1%
AAV	53.0%	-15.4%	68.5%	315.1%
KEL	52.1%	-13.8%	65.9%	596.5%
Industry median	49.1%	15.4%	36.0%	195.0%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WTI	15.9%	5.8%	10.1%	-58.3%
SD	60.9%	14.4%	46.4%	131.3%
PNRG	41.9%	17.9%	30.8%	346.7%
EGY	41.0%	-7.9%	83.1%	-98.4%
GRNT	61.2%	-23.9%	85.1%	-857.7%
VTS	64.3%	33.6%	30.7%	-899.2%
Industry median	49.1%	15.4%	36.0%	195.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.