W&T Offshore, Inc.

Why Is W&T (WTI) Up 16.5% Since Last Earnings Report?

W&T Offshore reported Q2 2026 adjusted earnings of 2 cents per share, beating consensus estimates by 2 cents, with revenues of $162.62 million exceeding expectations by 7.3%. The strong results were driven by higher realized oil prices (up 56% to $99.30/barrel) and disciplined operating costs. The company increased free cash flow to $31.38 million and declared a 1-cent dividend. Shares have gained 16.5% in the past month, outperforming the S&P 500, though the stock holds a Zacks Rank #3 (Hold) rating.