W&T Offshore (WTI) Net Income (2010 - 2026)
W&T Offshore (WTI) posted quarterly Net Income of -$22.5 million for Q1 2026, up 26.32% year-over-year from -$17.8 million in Q1 2025, and down 150.5% quarter-over-quarter from $44.6 million in Q4 2025.
W&T Offshore (WTI) Net Income (2010 - 2026) Analysis & Trends
W&T Offshore (WTI) has reported Net Income for 17 consecutive years, with -$22.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income rose 26.32% year-over-year to -$22.5 million; the TTM figure through Mar 2026 stood at -$70.3 million (up 26.68% YoY), while the FY2025 annual figure was -$78.3 million, down 2.06% from the prior year.
- Net Income declined to -$22.5 million in Q1 2026 per WTI's latest filing, from $44.6 million in the prior quarter.
- Across five years, Net Income topped out at $123.4 million in Q2 2022 and bottomed at -$71.5 million in Q3 2025.
- Historically, Net Income has averaged $8.2 million across 5 years, with a median of -$11.5 million in 2024.
- Annual changes were most pronounced in 2023 — Net Income jumped 1158.4% — and 2024, when it sank 1821.26%.
- W&T Offshore's Net Income stood at $94.7 million in 2022, then sank by 80.95% to $18.0 million in 2023, then slumped by 171.78% to -$13.0 million in 2024, then surged by 444.54% to $44.6 million in 2025, then tumbled by 150.5% to -$22.5 million in 2026.
- Business Quant data shows WTI's Net Income at -$22.5 million in Q1 2026, $44.6 million in Q4 2025, and -$71.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 3.93 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 3.48 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 2.72 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 2.06 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 2.17 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 1.64 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 3.00 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 281.45 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 153.93 Mn |
| 10 | W&T Offshore | 585.35 Mn | 433.19 Mn | 156.05 Mn | 12.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.56 Mn |
| Mar 31, 2026 | -22.53 Mn |
| Dec 31, 2025 | 44.62 Mn |
| Sep 30, 2025 | -71.47 Mn |
| Jun 30, 2025 | -20.88 Mn |
| Mar 31, 2025 | -30.58 Mn |
| Dec 31, 2024 | -12.95 Mn |
| Sep 30, 2024 | -36.92 Mn |
| Jun 30, 2024 | -15.39 Mn |
| Mar 31, 2024 | -11.47 Mn |
| Dec 31, 2023 | 18.04 Mn |
| Sep 30, 2023 | 2.15 Mn |
| Jun 30, 2023 | -12.11 Mn |
| Mar 31, 2023 | 26.01 Mn |
| Dec 31, 2022 | 94.69 Mn |
| Sep 30, 2022 | 66.72 Mn |
| Jun 30, 2022 | 123.43 Mn |
| Mar 31, 2022 | -2.46 Mn |
| Dec 31, 2021 | 48.95 Mn |
| Sep 30, 2021 | -37.96 Mn |