W&T Offshore (WTI) reported second-quarter 2026 total revenues of $162.6 million and net income of $12.6 million, or $0.08 per diluted share. The results compared with a net loss of $22.5 million, or $0.15 per diluted share, in the first quarter of 2026.
The company produced 34.7 thousand barrels of oil equivalent per day in the quarter and declared a third-quarter 2026 dividend of $0.01 per share, payable Aug. 26, 2026, to shareholders of record on Aug. 19, 2026.
- Total revenues were $162.6 million for the three months ended June 30, 2026.
- Net income was $12.6 million, with basic and diluted earnings of $0.08 per share.
- Lease operating expenses were $71.6 million, below the lower end of guidance.
- Unrestricted cash and cash equivalents were $150.7 million at June 30, 2026.
- Total available liquidity was $194.1 million at quarter-end.
- Third-quarter 2026 production guidance is 33.3 to 36.8 MBoe/d.
$WTI Insider Trading Activity
$WTI insiders have traded $WTI stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $WTI stock by insiders over the last 6 months:
- VIRGINIA BOULET sold 60,000 shares for an estimated $212,400
- DANIEL O. IV CONWILL sold 60,000 shares for an estimated $204,600
- NANCY T CHANG sold 60,000 shares for an estimated $198,600
- WILLIAM J WILLIFORD (EVP & Chief Operating Officer) sold 30,000 shares for an estimated $106,800
- SAMEER PARASNIS (EVP & Chief Financial Officer) sold 30,000 shares for an estimated $106,800
- HUAN GAMBLIN (EVP & Chief Technical Officer) sold 30,000 shares for an estimated $106,500
- GEORGE HITTNER (EVP, GC & Corporate Secretary) sold 30,000 shares for an estimated $105,900
- BART P. III HARTMAN (VP & Chief Accounting Officer) sold 6,000 shares for an estimated $21,240
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WTI Hedge Fund Activity
We have seen 102 institutional investors add shares of $WTI stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 3,732,575 shares (+265.6%) to their portfolio in Q1 2026, for an estimated $12,728,080
- GOLDMAN SACHS GROUP INC added 3,205,490 shares (+192.3%) to their portfolio in Q1 2026, for an estimated $10,930,720
- MARSHALL WACE, LLP added 2,997,861 shares (+1557.3%) to their portfolio in Q1 2026, for an estimated $10,222,706
- HUBER CAPITAL MANAGEMENT LLC removed 2,010,663 shares (-53.7%) from their portfolio in Q1 2026, for an estimated $6,856,360
- MILLENNIUM MANAGEMENT LLC removed 1,880,776 shares (-66.8%) from their portfolio in Q1 2026, for an estimated $6,413,446
- UBS GROUP AG removed 1,755,085 shares (-73.1%) from their portfolio in Q1 2026, for an estimated $5,984,839
- DEPRINCE RACE & ZOLLO INC removed 1,388,501 shares (-92.4%) from their portfolio in Q1 2026, for an estimated $4,734,788
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
