W&T Offshore sets USD 100.00 million credit ceiling for W&T Offshore stock
Published on 10/18/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital structure and reporting calendar
- W&T Offshore announced a USD 100.00 million maximum credit amount on October 7, 2026.
- Second-quarter revenue reached USD 162.62 million for the period ended June 30, 2026.
- W&T Offshore is scheduled to report earnings on November 5, 2026.
W&T Offshore set a USD 100.00 million maximum credit amount on October 7, 2026, when it announced the conversion of its revolving facility into reserve-based lending, according to the SEC. W&T Offshore stock remains tied to a balance-sheet story: the initial borrowing base is USD 50.00 million, while total liquidity entering the fourth quarter stood at USD 234.00 million.
What changes with USD 100.00 million?
The amended facility removes a 75.00 percent excess-cash-flow sweep and raises annual restricted-payments capacity from USD 10.00 million to USD 15.00 million. The agreement keeps the net leverage limit at 2.50 times and the minimum current ratio at 1.00 times, leaving the main pricing and financial covenants unchanged.
Three dated balance-sheet steps
On August 5, 2026, W&T Offshore reported second-quarter revenue of USD 162.62 million, above the USD 157.46 million consensus estimate, according to MarketBeat. On October 1, 2026, the company entered the credit agreement amendment with an initial USD 50.00 million elected commitment. On October 7, 2026, it announced the USD 100.00 million maximum and the removal of the cash sweep.
Which earnings figures matter next?
MarketBeat reported on October 13, 2026 that Zacks Research lowered its third-quarter 2026 earnings-per-share estimate to a loss of USD 0.07 from a loss of USD 0.06. That estimate keeps profitability as the immediate operating counterpoint to the improved financing flexibility.
Dates for the next review
The borrowing base is scheduled for its next redetermination on November 1, 2026, under the filing. W&T Offshore's next earnings date is November 5, 2026, according to Yahoo Finance.
NYSE valuation remains restrained
WTI was last at USD 3.80 on the NYSE on October 16, 2026 at 4:00 p.m. ET. Its market capitalization was USD 573.6 million, while the 52-week range was USD 1.50 to USD 5.08 on the same date. The stock therefore sits between a financing milestone and a still-loss-making earnings outlook.
The further course of trading is shown by the continuously updated real-time quote of W&T Offshore stock.
W&T Offshore stock at a glance
- Company: W&T Offshore, Inc.
- ISIN: US92922P1066
- Ticker: WTI
- Primary exchange: New York Stock Exchange
- Last NYSE price: USD 3.80 on October 16, 2026 at 4:00 p.m. ET
- Market capitalization: USD 573.6 million (as of October 16, 2026)
- 52-week range: USD 1.50-5.08 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
