From Nasdaq.: 2025-06-17 23:50:00

W&T Offshore, Inc. has settled with its two largest surety providers, leading to the dismissal of a pending lawsuit. The agreement ensures no collateral demands or premium increases until December 31, 2026, covering 70% of W&T’s surety bond portfolio. CEO Tracy W. Krohn highlighted the company’s strong legal position and commitment to responsible operations. Recent regulatory shifts, a strong balance sheet, and increased production have boosted shareholder value. WTI closed at $2.23 on Tuesday, up 7.73%, and rose further in after-hours trading to $2.29, a 2.69% increase on the NYSE.



Read more at Nasdaq.: W&T Settles With Surety Providers, Locks Premiums Through 2026