WTIW&T Offshore, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -89% · now 25% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can WTI take a bad year?
W&T Offshore, Inc. carries $201M of net debt at 1.74× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.74×
Net debt / EBITDA · 3.07× a year ago · the load is coming down
- Annualised volatility
- 75%
Annualised volatility · three times the market's own swing
- Worst drawdown on file
- −89%
Worst drawdown on file · −25% today
Details›
- Total debtQ2 2026
- $352M
- Cash and short-term investments
- $151M
- Net debt
- $201M
- EBITDA, trailing twelve months
- $115M
- Operating profit, trailing twelve months
- $5.6M
- Total debt / EBITDA
- 3.04×
- Annualised volatilitytwo years of daily moves
- 75%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.