W&T OFFSHORE INC
Close on Oct 19, 2026
- Market cap
- $606.98M
- P/E (TTM)
- –
- Dividend yield
- –
About W&T Offshore
Crude Petroleum & Natural Gas, SIC 1311
W&T Offshore, Inc. is an independent energy company engaged in the exploration, acquisition, and development of oil and natural gas properties. The company operates through a single reportable business segment, producing crude oil, natural gas liquids, and natural gas. It markets and sells its production to third-party commercial customers, including major energy corporations such as BP Products North America and Shell Trading (US) Company, primarily under short-term sales contracts.
The company's operations are concentrated offshore in the Gulf of America across federal and state waters, spanning conventional shelf, deep shelf, and deepwater locations with water depths up to 7,300 feet. As of December 31, 2025, it holds working interests in 49 offshore producing fields and maintains a portfolio of 200 structures, serving as the operator for 142 of them. W&T Offshore is a Texas corporation, though a specific city headquarters is not stated in the text.
Summary of the business section of W&T Offshore's latest annual report, written by StockData.
Company profile
Company
- Legal name
- W&T OFFSHORE INC
- Founded
- 1983
- Headquarters
- Houston, TX
- Address
- 5718 Westheimer Rd, Suite 700 77057-5745
- Phone
- (713) 626-8525
- Employees
- 370, Dec 31, 2025
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Texas
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young, LLP, Houston, Texas
Stock & identifiers
- Ticker
- WTI
- Exchange
- NYSE
- IPO date
- Jan 28, 2005
- Shares outstanding
- 151M, Jul 31, 2026
- Public float
- $162.14M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- SEC CIK
- 1288403
- CUSIP
- 92922P106
- ISIN
- US92922P1066
- LEI
- 549300Q7EOY2YIO3YK85
- EIN
- 72-1121985
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Tracy W. Krohn | Chairman, CEO & President, Director | 49,171,987 |
| Sameer Parasnis | EVP & Chief Financial Officer | 199,597 |
| Huan Gamblin | EVP & Chief Technical Officer | 137,788 |
| Bart P. Hartman III | VP & Chief Accounting Officer | 45,623 |
| William J. Williford | EVP & Chief Operating Officer | 431,247 |
| George Hittner | EVP, GC & Corporate Secretary | 182,205 |
| Daniel O. Conwill IV | Director | 191,076 |
| Virginia Boulet | Director | 487,597 |
| Nancy T. Chang | Director | 156,100 |
| John D. Buchanan | Director | 177,340 |
| B. Frank Stanley | Director | 497,073 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Tracy W Krohn | $6.18M | $6.69M | $2.73M | $75 | $218 |
| FY2024 Tracy W Krohn | $4.17M | $574.74K | $1.18M | $30 | $141 |
| FY2023 Tracy W Krohn | $5.86M | $324.13K | $1.46M | $59 | $146 |
| FY2022 Tracy W Krohn | $12.11M | $11.58M | $1.88M | $100 | $145 |
| FY2021 Tracy W Krohn | $5.49M | $4.90M | $1.13M | $58 | $102 |
| FY2020 Tracy W Krohn | $2.03M | $36.01K | $456.10K | $39 | $62 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 370 employees who conduct our business in Texas, Alabama, Louisiana and the Gulf of America.”
Corporate history
Events identified from SEC filings