Company cites planned turnaround for lower production after exceeding Q1 2026 guidance of 36,200 barrels per day.
W&T Offshore projected a Q2 2026 production midpoint of 34,300 barrels of oil equivalent per day, reflecting a planned turnaround at its Mobile Bay assets. The forecast follows a strong Q1 2026, where output reached 36,200 boe/d, meeting or exceeding guidance across key metrics.
Management highlighted operational and financial performance in Q1 2026 as a positive start to the year. The Q2 2026 outlook accounts for temporary downtime during maintenance, which is expected to impact volumes but support long-term asset reliability.
No immediate market reaction was disclosed in the earnings call summary.