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W&T Offshore reported Q1 2026 results exceeding guidance with 36,200 BOE/d production, realized prices of $45.08/barrel, and highest quarterly EBITDA since Q3 2023 at $55 million, driven by cost effi…
Both WTI and Brent crude oils showed modest gains, with WTI rising 0.79% and Brent up 0.64%, suggesting mild bullish momentum in energy markets.
W&T Offshore (WTI) surged 5.84% after reporting improved production, cash flow growth, and strengthened balance sheet through debt refinancing and favorable litigation outcomes despite lower revenues.