WTI — what changed in the latest 10-Q
A section-by-section comparison of WTI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −30 | ~18 | 19 |
| Market risk (Item 3) | Text added/removed | +3 | −1 | ~1 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
The Energy Information Administration (the “EIA”) published its latest Short-Term Energy Outlook in April 2026. Global oil markets are in a period of heightened volatility and uncertainty due to significant disruption to shipping through the Strait of Hormuz since the conflict with Iran began at the…
The Henry Hub spot price averaged $4.80 per MMBtu for the first quarter of 2026, and the EIA expects the spot prices for Henry Hub natural gas to average $3.29 per MMBtu for the remainder of 2026 and average $3.59 per MMBtu in 2027. The EIA expects wholesale natural gas prices to remain close to rec…
We will continue to monitor developments related to trade policy and assess any potential impacts on our operations and cost structure.
Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025
Our revenues are derived from the sale of our oil and natural gas production, as well as the sale of NGLs. Our oil, NGL and natural gas revenues do not include the effects of derivatives, which are reported in Derivative gain, net in our Condensed Consolidated Statements of Operations.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
The Energy Information Administration (“EIA”) published its latest Short Term Energy Outlook in October 2025. The EIA is expecting that growing global oil supply and the transition away from peak summer seasonal demand will lead to significant growth in global oil inventories, causing oil prices to …
Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024
Production volumes increased by 421 MBoe to 3,275 MBoe during the three months ended September 30, 2025 compared to the same period in 2024 primarily related to well stimulation work and reduced downtime at our Mobile Bay fields and restoring production at our West Delta 73 and Main Pass 108 fields.
Expenses for direct labor, materials, supplies, repair, third-party costs and insurance comprise the most significant portion of our base lease operating expense. Base lease operating expenses increased primarily due to the restart of production in our West Delta 73 field.
Asset retirement obligations accretion expense – Accretion expense is the expensing of the changes in value of our ARO as a result of the passage of time over the estimated productive life of the related assets as the discounted liabilities are accreted to their expected settlement values. Accretion…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-07
Average realized sales price, before the effects of derivative settlements
Average realized sales price, including realized commodity derivatives
Our exposure to interest rate risk has not changed materially from the disclosures in Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, of our 2025 Annual Report.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
Our exposure to interest rate risk has not changed materially from the disclosures in Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, of our 2024 Annual Report.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice