W&T Offshore Announces Second Quarter 2025 Results, Declares Dividend for Third Quarter of 2025 and Celebrates 20 Year Anniversary on New York Stock Exchange

Q2 2025 Financial Results: W&T Offshore reported a 10% increase in production to 33.5 MBoe/d but faced an $8.1 million revenue decline due to lower oil and gas prices, resulting in a net loss of $20.9 million. The company improved its cash position to over $120 million and reduced net debt by approximately $15 million.

Operational Highlights and Future Outlook: The company completed nine low-cost workovers enhancing production and plans to leverage rising oil prices for hedging strategies. W&T anticipates further production boosts from asset integration and aims to generate free cash flow while managing costs effectively.