W&T Offshore Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	490.35	514.48	523.99	905.07	547.65	334.82
Other Revenue	9.74	10.79	8.66	15.93	10.36	11.81
Revenue	500.09	525.26	532.66	921	558.01	346.63
Revenue Growth (YoY)	-6.92%	-1.39%	-42.16%	65.05%	60.98%	-34.89%
Cost of Revenue	311.3	309.67	283.93	259.54	202.5	183.8
Gross Profit	188.8	215.6	248.73	661.46	355.51	162.83
Selling, General & Admin	80.14	82.39	77.74	73.75	54.5	41.75
Other Operating Expenses	33.23	32.37	29.02	26.51	22.93	-1.29
Operating Expenses	239.49	257.79	221.44	207.38	167.95	138.22
Operating Income	-50.7	-42.19	27.29	454.08	187.56	24.61
Interest Expense	-37.72	-40.45	-44.69	-69.44	-70.05	-61.46
Other Non Operating Income (Expenses)	4.28	-14.48	49.14	-99.83	-169.15	-2.98
EBT Excluding Unusual Items	-84.14	-97.13	31.74	284.81	-51.64	-39.83
Other Unusual Items	-15.02	-	2.2	-	2.1	47.47
Pretax Income	-99.15	-97.13	33.94	284.81	-49.54	7.64
Income Tax Expense	47.15	-9.99	18.35	53.66	-8.06	-30.15
Net Income	-146.3	-87.15	15.6	231.15	-41.48	37.79
Net Income to Common	-146.3	-87.15	15.6	231.15	-41.48	37.79
Net Income Growth	-	-	-93.25%	-	-	-48.99%
Shares Outstanding (Basic)	148	147	146	143	142	142
Shares Outstanding (Diluted)	148	147	148	145	142	143
Shares Change (YoY)	0.68%	-0.79%	2.21%	1.98%	-0.70%	-0.31%
EPS (Basic)	-0.99	-0.59	0.11	1.61	-0.29	0.27
EPS (Diluted)	-0.99	-0.59	0.11	1.59	-0.29	0.26
EPS Growth	-	-	-93.30%	-	-	-49.73%
Free Cash Flow	-6.87	-58.64	33.72	244.45	100.95	87.43
Free Cash Flow Per Share	-0.05	-0.40	0.23	1.69	0.71	0.61
Dividend Per Share	0.040	0.040	0.010	-	-	-
Dividend Growth	-	300.00%	-	-	-	-
Gross Margin	37.75%	41.05%	46.70%	71.82%	63.71%	46.98%
Operating Margin	-10.14%	-8.03%	5.12%	49.30%	33.61%	7.10%
Profit Margin	-29.25%	-16.59%	2.93%	25.10%	-7.43%	10.90%
Free Cash Flow Margin	-1.37%	-11.16%	6.33%	26.54%	18.09%	25.22%
EBITDA	108.66	133.21	170.99	587.71	301.01	144.89
EBITDA Margin	21.73%	25.36%	32.10%	63.81%	53.94%	41.80%
D&A For EBITDA	159.36	175.4	143.7	133.63	113.45	120.28
EBIT	-50.7	-42.19	27.29	454.08	187.56	24.61
EBIT Margin	-10.14%	-8.03%	5.12%	49.30%	33.61%	7.10%
Effective Tax Rate	-	-	54.05%	18.84%	-	-
Revenue as Reported	500.09	525.26	532.66	921	558.01	346.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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