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FINWIRES

W&T Offshore Hydrocarbon Output Up 19% YOY

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-- Upstream energy company W&T Offshore (WTI) Thursday reported a 19% year-over-year rise in Q1 oil and gas production, which approached the high end of guidance at 36,200 barrels of oil equivalent per day.

The company attributed the growth to lesser impact of freezing weather conditions. Q1 output was also flat relative to Q4 2025 levels.

Of the total production in Q1, oil accounted for 40%, natural gas liquids 13%, and natural gas 47%, according to the report.

In terms of sales volume, the company said it delivered 3.3 million barrels of oil equivalent in Q1, higher than the previous year's 2.7 mmboe.

Net sales volume of oil rose year over year to 1.3 mmboe from 1.2 mmboe, the report said, and that of NGL grew to 425,000 barrels from 200,000 barrels. Natural gas sales also increased to 9.22 billion cubic feet from 7.88 Bcf.

These have resulted in higher revenue across all segments. Report showed that oil revenue climbed to $90.1 million from $87.7 million, and NGL revenue inched up to $6.9 million from $4.8 million. Natural gas revenue also jumped to $49.9 million from $35.1 million.

For Q2, W&T Offshore expects total production to average between 32,800 boe/d and 36,500 boe/d, with full-year production likely to range from 33,500 boe/d to 37,200 boe/d.

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