Business Summary: W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America. The Company has working interests in approximately 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 646,200 gross acres (502,300 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 493,000 gross acres on the conventional shelf, approximately 147,700 gross acres in the deepwater and 5,500 gross acres in Alabama state waters. The Company’s interests in fields, leases, structures and equipment are primarily owned by its wholly owned subsidiaries and through its proportionately consolidated interest in Monza Energy LLC. The Company's subsidiaries include Aquasition Energy LLC, Aquasition LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, and others.
Financial Summary: BRIEF: For the six months ended 30 June 2025, W&T Offshore, Inc. revenues decreased 11% to $252.2M. Net loss increased 92% to $51.5M. Revenues reflect Crude Oil Production, Total decrease of 11% to 2.5M barrels, Oil Equivalent Production (Units/day) decrease of 9% to 32K barrels per day, Oil decrease of 23% to $167.7M. Higher net loss reflects Oil and Natural Gas segment loss increase from $6.2M to $21.1M, Avg. Production Costs per Barrel.