W&T Offshore Inc. Common Stock (WTI)

FairStock Score: 15/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at W&T Offshore as a small commodity producer, not a wonderful business. It explores and produces oil and gas in the Gulf of America, so it sells into prices it cannot control. That means no real moat; the only edge is low costs, good assets, and disciplined capital allocation. The record is uneven. In fiscal 2023, the year ended 2023-12-31, W&T earned $15.6 million on $532.7 million of revenue. Then it lost $87.1 million in fiscal 2024 and $150.1 million in fiscal 2025, with revenue of $525.3 million and $501.5 million. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $162.6 million and net income of $12.6 million, versus a $20.9 million loss in fiscal Q2 2025. That is a hopeful turn, but one quarter does not prove a trend. Financial health is mixed. Trailing free cash flow was $37.8 million, a 6.5% FCF yield on the $578.1 million market cap at the 2026-10-13 close, and the Piotroski F-Score is 7/9. Yet the Altman Z-Score is -0.56, which points to balance-sheet stress. The negative P/E of -5.25 is a FairStock calculation and reflects trailing losses, and the FairStock Score is 15/100. The EV/EBITDA of 5.98 and 6.5% FCF yield look inexpensive if commodity prices cooperate and the recent profit persists. As a Graham-style bargain, this is speculative. I would want sustained free cash flow, lower debt risk, and proof that the latest quarter is not just a price spike.

In plain English: W&T Offshore is a small oil and gas producer working in the Gulf of America. The business has struggled in recent years with losses, but its latest quarter showed a profit and it still generated positive cash flow. At $3.83 a share, the stock looks inexpensive compared with that cash flow, though the recent losses make the cheapness uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer