What is W&T Offshore's net debt?

W&T Offshore (WTI) reported net debt of $222.06M in Q1 2026.

How has W&T Offshore's net debt changed year-over-year?

W&T Offshore's net debt decreased by 9.7% year-over-year, from $245.81M to $222.06M.

What is the long-term trend for W&T Offshore's net debt?

Over 5 years (2020 to 2025), W&T Offshore's net debt has grown at a -17.8% compound annual growth rate (CAGR), from $593.31M to $223.05M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

W&T Offshore WTI Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

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6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

Revenue$150.0M+15.5%

Operating income$14.6M+278%

Net income-$22.5M+26.3%

EPS (diluted)-$0.15+28.6%

Balance sheet

See full

Cash & equivalents$130.9M+23.6%

Total debt$353.0M+0.4%

Total equity-$221.8M-168%

Total assets$959.2M-6.4%

Cash flow

See full

Operating cash flow$2.6M+180%

Valuation

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Market cap$474.6M+49.5%

Enterprise value$696.66M+23.7%

P/S0.9×+0.3×

Profitability

See full

Operating margin-5.7%-1.7pp

Net margin-27.2%+12.7pp

Returns & leverage

See full

Return on equity-165.9%—

Debt / equity78.6×+62.3×

Current ratio1×-0.2×

Where this comes from

Calculated from W&T Offshore’s reported figures.

$353.0Mtotal debt−$130.9Mcash and equivalents=$222.06M

The official record: W&T Offshore’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is W&T Offshore's net debt?: W&T Offshore (WTI) reported net debt of $222.06M in Q1 2026.
How has W&T Offshore's net debt changed year-over-year?: W&T Offshore's net debt decreased by 9.7% year-over-year, from $245.81M to $222.06M.
What is the long-term trend for W&T Offshore's net debt?: Over 5 years (2020 to 2025), W&T Offshore's net debt has grown at a -17.8% compound annual growth rate (CAGR), from $593.31M to $223.05M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.