Forensic Analysis · Energy / Oil & Gas · as of Aug 12, 2026

W&T Offshore Inc (WTI)

A forensic read on W&T Offshore Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

-2.5

Distress distance

Clean

Earnings quality

Forensic signals

-4.8

P / E (ttm)

$575M

Market cap

1.39%

Dividend yield

-4.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

W&T Offshore Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -2.5, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-7.1%

FY2025

Return on invested capital. Return on invested capital is -7.1% in the latest fiscal year and slipping from 48% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.

45d DSO

FY2024→FY2025

Receivables vs revenue. Days sales outstanding moved from 40 to 45 days FY2024→FY2025 (receivables -6% vs revenue -5%). Receivables are creeping up relative to sales. Across FY2021–FY2025 the day count ran 31 → 24 → 41 → 40 → 45 days — the latest step continues a climb that was already under way, which is the persistence that separates a collection problem from a busy quarter.

+0.7%/yr

FY2022–FY2025

Share count. Diluted share count changed +2% over the last 3 years to FY2025 (+0.7%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.

Key fundamentals

Latest Revenue$501.5M

Revenue Growth YoY-4.5%

Net Margin-29.9%

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Data from SEC EDGAR public filings · metrics as of Aug 12, 2026. Forensic signals flag probability, not certainty.