W&T Offshore Inc cash flow statement

In fiscal 2025, W&T Offshore Inc's operations generated $77.2m of cash; it spent $711,000 on capital projects, leaving free cash flow of $76.5m. It returned $6.0m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

W&T Offshore Inc: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	156	465	521	385	561	475	133	14	159	322	232	109	134	340	115	60	77	98
Depreciation and amortisation	308	268	299	336	431	490	373	194	139	131	129	98	91	107	115	143	116	110
Stock-based pay	6	6	10	12	12	15	10	11	7	4	4	4	3	8	10	10	12	25
Capital spending	2	237	437	206	82	72	—	—	—	17	188	3	1	51	27	81	1	0
Free cash flow	154	228	84	180	479	403	—	—	—	305	44	106	133	288	88	−21	77	98
Free cash flow after stock pay	147	222	75	167	467	388	—	—	—	301	41	102	130	280	78	−31	64	73
Dividends paid	9	60	59	83	59	30	—	—	—	—	—	—	—	—	1	6	6	6
Shares issued	—	—	—	—	—	—	—	—	—	—	—	0	0	16	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

W&T Offshore Inc: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	−4	−3	28	27	26	3	33	37
Depreciation and amortisation	38	33	26	29	28	27	26	28
Stock-based pay	4	2	3	4	4	7	7	8
Capital spending	0	0	0	0	0	—	0	0
Free cash flow	−4	−4	28	27	26	—	33	37
Free cash flow after stock pay	−8	−6	25	23	22	—	27	29

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: BSM vs WTI TXO vs WTI GRNT vs WTI

More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies

Figures from W&T Offshore Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to W&T Offshore Inc.