W&T海底钻探 2026年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30,2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______________ to ________________Commission File Number 1-32414 W&T OFFSHORE,INC. (Exact name of registrant as specified in its charter) 72-1121985 (I.R.S. Employer Identification Number) (State or other jurisdiction of incorporation or organization) Registrant’s telephone number, including area code:(713) 626-8525 Securities registered pursuant to section 12(b)of the Act: WTI New York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to such filingrequirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every interactive data file required to be submitted pursuant to Rule405 ofRegulation S-T during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☐Acceleratedfiler☑Non-acceleratedfiler☐Smallerreportingcompany☑Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company.Yes☐No☑ As of July 31, 2026,there were 150,942,952 shares outstanding of the registrant’s common stock, par value $0.00001. W&T OFFSHORE,INC. AND SUBSIDIARIESTABLE OF CONTENTS PARTI– FINANCIAL INFORMATION Item1. Financial Statements1Condensed Consolidated Balance Sheets as of June 30, 2026 and December31, 20251Condensed Consolidated Statements of Operations for the Three Months and Six MonthsEnded June 30, 2026 and 20252Condensed Consolidated Statements of Changes in Shareholders’ Equity for the ThreeMonths and Six Months Ended June 30, 2026 and 20253Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026and 20254Notesto Condensed Consolidated Financial Statements5Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item3.Quantitative and Qualitative Disclosures About Market Risk24Item4. Controls and Procedures24 Item1.Legal Proceedings26Item1A.Risk Factors26Item2.Unregistered Sales of Equity Securities and Use of Proceeds26Item3.Defaults Upon Senior Securities26Item4.Mine Safety Disclosures26Item5. Other Information26Item6. Exhibits27 SIGNATURE28 PARTI– FINANCIAL INFORMATION W&T OFFSHORE,INC.Condensed Consolidated Balance Sheets(In thousands)(Unaudited) W&T OFFSHORE,INC.Condensed Consolidated Statements of Operations(In thousands, except per share data)(Unaudited) W&T OFFSHORE,INC.Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) W&T OFFSHORE, INC.Notes to Condensed Consolidated Financial Statements NOTE 1 — NATURE OF OPERATIONS AND BASIS OF PRESENTATION Nature of Operations W&T Offshore,Inc. (with subsidiaries referred to herein as the “Company”) is an independent oil andnatural gas producer with substantially all of its operations offshore in the Gulf of America. The Companyis active in the exploration, development and acquisition of oil and natural gas properties. The Companyoperates in one reportable segment. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of theCompany, its wholly-owned subsidiaries and an interest in Monza Energy LLC (“Monza”), which isaccounted for under the proportional consolidation method. All intercompany accounts and transactionshave been eliminated in consolidation. These condensed consolidated financial statements have beenprepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).Accordingly, certain information and disclosures normally included in annual financial statementsprepared in accordance with accounting principles generally accepted in the United States of America(“GAAP”) have been condensed or omitted. In the opinion of management, all adjustments (consisting ofnormal recurring accruals) considered necessary for a fair presentation have been included. Operating results for interim periods are not necessarily indicative