W&T OFFSHORE INCWTIEarnings & Financial Report
Edison Chouest Offshore (ECO), which started as Edison Chouest Boat Rentals in 1960, is a family of companies in the marine transportation business based in Cut Off, Louisiana. ECO owns and operates a fleet of platform supply vessels, Subsea Construction / IMR vessels, a Riserless Light Well Intervention vessel, Anchor handling tug supply vessels, Oil Spill Response Vessels, and Well Stimulation Vessels, as well as an independently owned fleet of Research Vessels and Ice Breakers.
Revenue
$127.5M
Gross Profit
N/A
Operating Profit
$-12.6M
Net Profit
$-71.5M
Gross Margin
N/A
Operating Margin
-9.9%
Net Margin
-56.1%
YoY Growth
5.1%
EPS
$-0.48
Financial Flow
W&T OFFSHORE INC Q3 2025 Financial Summary
W&T OFFSHORE INC reported revenue of $127.5M (up 5.1% YoY) for Q3 2025, with a net profit of $-71.5M (down 93.6% YoY) (-56.1% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $127.5M |
|---|---|
| Net Profit | $-71.5M |
| Gross Margin | N/A |
| Operating Margin | -9.9% |
| Report Period | Q3 2025 |
Revenue Breakdown
W&T OFFSHORE INC Q3 2025 revenue of $127.5M breaks down across 4 segments, led by Oil And Condensate at $84.1M (66.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil And Condensate | $84.1M | 66.0% |
| Natural Gas Production | $37.4M | 29.3% |
| Natural Gas Liquids Reserves | $4.0M | 3.1% |
| Other | $2.0M | 1.6% |
W&T OFFSHORE INC Revenue by Segment — Quarterly Trend
W&T OFFSHORE INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil And Condensate and Natural Gas Production) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Oil And Condensate | $76.0M | $84.1M | $80.0M | $87.7M |
| Natural Gas Production | $36.6M | $37.4M | $34.8M | $35.1M |
| Natural Gas Liquids Reserves | $6.9M | $4.0M | $4.7M | $4.8M |
| Other | $2.2M | $2.0M | $2.8M | $2.3M |
W&T OFFSHORE INC Annual Revenue by Year
W&T OFFSHORE INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $501.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $501.5M |
| 2024 | $525.3M |
| 2023 | $532.7M |
| 2022 | $921.0M |
W&T OFFSHORE INC Quarterly Revenue & Net Profit History
W&T OFFSHORE INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $121.7M | +1.1% | $-27.1M | -22.3% |
| Q3 2025 | $127.5M | +5.1% | $-71.5M | -56.1% |
| Q2 2025 | $122.4M | -14.3% | $-20.9M | -17.1% |
| Q1 2025 | $129.9M | -7.8% | $-30.6M | -23.5% |
| Q4 2024 | $120.3M | -9.1% | $-23.4M | -19.4% |
| Q3 2024 | $121.4M | -14.8% | $-36.9M | -30.4% |
| Q2 2024 | $142.8M | +13.1% | $-15.4M | -10.8% |
| Q1 2024 | $140.8M | +6.9% | $-11.5M | -8.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $140.8M | $142.8M | $121.4M | $120.3M | $129.9M | $122.4M | $127.5M | $121.7M |
| YoY Growth | 6.9% | 13.1% | -14.8% | -9.1% | -7.8% | -14.3% | 5.1% | 1.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.13B | $1.15B | $1.13B | $1.10B | $1.02B | $1.02B | $960.6M | $955.8M |
| Liabilities | $1.11B | $1.14B | $1.16B | $1.15B | $1.11B | $1.13B | $1.13B | $1.16B |
| Equity | $20.8M | $5.0M | $-31.5M | $-52.6M | $-82.8M | $-102.7M | $-172.5M | $-199.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.6M | $37.4M | $14.8M | $-4.3M | $-3.2M | $28.0M | $26.5M | $25.9M |