Overview

* W&T Offshore ( WTI ) Q2 revenue misses analyst expectations, totaling $122.4 mln

* Company reports net loss of $20.9 mln, improving from Q1 2025

* Production increased 10% quarter-over-quarter, driven by successful workovers

Outlook

* Company expects Q3 oil production between 1,320 and 1,460 MBbl

* Company sees full-year oil production at 5,150 to 5,690 MBbl

* W&T Offshore ( WTI ) projects Q3 natural gas production at 9,080 to 10,040 MMcf

* Company anticipates full-year lease operating expenses of $280 mln to $310 mln

Result Drivers

* PRODUCTION INCREASE - Production rose 10% over Q1 2025 to 33.5 MBoe/d, driven by successful workovers

* WORKOVER SUCCESS - Nine workovers, including five in Mobile Bay, boosted production without new drilling

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $122.37 $128.60

Revenue mln mln (3

Analysts

)

Q2 Net -$20.88

Income mln

Q2 -$12.85

Operatin mln

g income

Q2 -$23.27

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for W&T Offshore Inc ( WTI ) is $6.13, about 72.2% above its August 1 closing price of $1.70

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)