W&T Offshore, Inc. (WTI)

W&T Offshore Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	484.47	514.48	523.99	905.07	547.65	334.82
Other Revenue	9.48	10.79	8.66	15.93	10.36	11.81
Revenue	493.95	525.26	532.66	921	558.01	346.63
Revenue Growth (YoY)	-11.53%	-1.39%	-42.16%	65.05%	60.98%	-34.89%
Cost of Revenue	307.82	309.67	283.93	259.54	202.5	183.8
Gross Profit	186.13	215.6	248.73	661.46	355.51	162.83
Selling, General & Admin	78.35	82.39	77.74	73.75	54.5	41.75
Other Operating Expenses	33.08	32.37	29.02	26.51	22.93	-1.29
Operating Expenses	243.18	257.79	221.44	207.38	167.95	138.22
Operating Income	-57.05	-42.19	27.29	454.08	187.56	24.61
Interest Expense	-38.72	-40.45	-44.69	-69.44	-70.05	-61.46
Other Non Operating Income (Expenses)	-14.35	-14.48	49.14	-99.83	-169.15	-2.98
EBT Excluding Unusual Items	-110.12	-97.13	31.74	284.81	-51.64	-39.83
Other Unusual Items	-15.02	-	2.2	-	2.1	47.47
Pretax Income	-125.14	-97.13	33.94	284.81	-49.54	7.64
Income Tax Expense	-13.39	-9.99	18.35	53.66	-8.06	-30.15
Net Income	-111.74	-87.15	15.6	231.15	-41.48	37.79
Net Income to Common	-111.74	-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)	0.56%	-0.79%	2.21%	1.98%	-0.70%	-0.31%
EPS (Basic)	-0.76	-0.59	0.11	1.61	-0.29	0.27
EPS (Diluted)	-0.76	-0.59	0.11	1.59	-0.29	0.26
EPS Growth	-	-	-93.30%	-	-	-49.73%
Free Cash Flow	-6.48	-58.64	33.72	244.45	100.95	87.43
Free Cash Flow Per Share	-0.04	-0.40	0.23	1.69	0.71	0.61
Dividend Per Share	0.040	0.040	0.010	-	-	-
Dividend Growth	33.33%	300.00%	-	-	-	-
Gross Margin	37.68%	41.05%	46.70%	71.82%	63.71%	46.98%
Operating Margin	-11.55%	-8.03%	5.12%	49.30%	33.61%	7.10%
Profit Margin	-22.62%	-16.59%	2.93%	25.10%	-7.43%	10.90%
Free Cash Flow Margin	-1.31%	-11.16%	6.33%	26.54%	18.09%	25.22%
EBITDA	107.78	133.21	170.99	587.71	301.01	144.89
EBITDA Margin	21.82%	25.36%	32.10%	63.81%	53.94%	41.80%
D&A For EBITDA	164.83	175.4	143.7	133.63	113.45	120.28
EBIT	-57.05	-42.19	27.29	454.08	187.56	24.61
EBIT Margin	-11.55%	-8.03%	5.12%	49.30%	33.61%	7.10%
Effective Tax Rate	-	-	54.05%	18.84%	-	-
Revenue as Reported	493.95	525.26	532.66	921	558.01	346.63

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q