W&T Offshore (WTI) investor relations material

Company background and leadership

• Over 40 years of operations focused on the Gulf of America, with a history of growth through acquisitions and technical expertise.

• Listed on the NYSE since 2005, with headquarters in Houston, TX.

• Executive team led by founder Tracy Krohn, supported by experienced leaders in finance, operations, technical, and legal roles.

Strategic strengths and market positioning

• Operates in a prolific, infrastructure-rich offshore basin with favorable fiscal and regulatory terms.

• Maintains a diversified asset base across 48 fields and 591,000 gross acres, with 96% of net acreage held by production.

• Demonstrates high operational control, with 87% of production operated directly.

• Proven business model focused on accretive M&A, cost reduction, and reserve life extension.

Financial highlights and performance

• Q2 2026 net production of 34.7 MBoe/d, with a balanced liquids-gas mix.

• Mid-year 2026 2P reserves of 250.1 MMBoe and PV-10 of $2,677 million.

• Achieved significant net debt reduction since 2014, with current liquidity of ~$175 million and net leverage at 1.2x.

• Adjusted EBITDA consistently outpaces capex and ARO spending, supporting free cash flow and acquisitions.