W&T Offshore converts credit facility: USD 4.25 target for W&T Offshore stock

Published on 10/15/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The amended facility starts at USD 50.0 million and can reach USD 100.0 million. W&T Offshore stock has a USD 4.25 target and USD 234.0 million liquidity.

Credit flexibility and upcoming dates

W&T Offshore announced a USD 50.0 million reserve-based facility on October 7, 2026.
Second-quarter 2026 revenue reached USD 162.62 million, while earnings per share came in at USD 0.02.
W&T Offshore stock traded at EUR 3.29 at 1:04 p.m. CEST at Lang & Schwarz on October 15, 2026.

WTI, US92922P1066, Illustration mit AI erstellt.

W&T Offshore stock (ISIN US92922P1066) traded at EUR 3.29 at Lang & Schwarz on October 15, 2026 at 1:04 p.m. CEST. On October 7, 2026, W&T Offshore announced a USD 50.0 million reserve-based lending facility with maximum credit capacity of USD 100.0 million, while MarketBeat lists a USD 4.25 consensus target for the stock.

Credit terms changed on October 1

According to GlobeNewswire, the amendment took effect on October 1, 2026. It removed a 75 percent excess cash flow sweep, eliminated the quarterly clean-down requirement and raised the annual restricted-payments basket 50 percent from USD 10.0 million to USD 15.0 million.

Chronology shows the sequence clearly. On August 5, 2026, W&T Offshore reported second-quarter revenue of USD 162.62 million, above the USD 157.46 million consensus, but adjusted earnings per share of USD 0.02 missed the USD 0.04 estimate, according to MarketBeat. On October 1, 2026, the amended facility became effective with USD 50.0 million of initial commitments. The company announced the conversion on October 7, 2026, with potential capacity of USD 100.0 million.

What does the new facility change?

The practical benefit is liquidity control rather than cheaper funding. W&T Offshore entered the fourth quarter with total liquidity of USD 234.0 million, and the agreement keeps the maximum net leverage covenant at 2.50 times, according to GlobeNewswire. MarketBeat's USD 4.25 consensus target stands against the latest USD 3.66 New York closing price shown on its October 14, 2026 page, but that U.S. quote is separate from the euro reference price.

Which dates come next?

The facility's next borrowing-base redetermination is scheduled for November 1, 2026. MarketBeat lists November 4, 2026 as W&T Offshore's estimated next earnings date.

Stock price and market value

W&T Offshore has a market capitalization of USD 550.9 million as of October 14, 2026. Its 52-week range is USD 1.50 to USD 5.08, and its New York Stock Exchange listing places the company in the energy sector.

The further course of trading is shown by the continuously updated real-time quote of W&T Offshore stock.