W&T Offshore Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	501.46	525.26	532.66	921	558.01
Revenue Growth (YoY)	-4.53%	-1.39%	-42.16%	65.05%	60.98%
Cost of Revenue	298.78	281.49	257.68	224.41	174.58
Gross Profit	202.68	243.77	274.98	696.58	383.43
Selling, General & Admin	79.96	82.39	75.54	73.75	52.4
Depreciation & Amortization Expenses	149.79	175.4	143.7	133.63	113.45
Other Operating Expenses	25.74	28.18	26.25	35.13	27.92
Total Operating Expenses	255.48	285.97	245.49	242.51	193.77
Operating Income	-52.8	-42.19	29.49	454.08	189.66
Interest Expense	-36.5	-40.45	-44.69	-69.44	-70.05
Other Non-Operating Income (Expense)	-9.84	-14.48	49.14	-99.83	-169.15
Total Non-Operating Income (Expense)	-46.33	-54.94	4.45	-169.27	-239.2
Pretax Income	-99.14	-97.13	33.94	284.81	-49.54
Provision for Income Taxes	50.93	-9.99	18.35	53.66	-8.06
Net Income	-150.06	-87.15	15.6	231.15	-41.48
Net Income to Common	-150.06	-87.15	15.6	231.15	-41.48
Net Income Growth	-	-	-93.25%	-	-
Shares Outstanding (Basic)	148	147	146	143	142
Shares Outstanding (Diluted)	148	147	148	145	142
Shares Change (YoY)	0.73%	-0.79%	2.21%	1.98%	-0.70%
EPS (Basic)	-1.01	-0.59	0.11	1.61	-0.29
EPS (Diluted)	-1.01	-0.59	0.11	1.59	-0.29
EPS Growth	-	-	-93.08%	-	-
Free Cash Flow	27.76	-58.64	33.72	244.45	106.22
Free Cash Flow Growth	-	-	-86.21%	130.13%	74.44%
Free Cash Flow Per Share	0.19	-0.40	0.23	1.68	0.75
Dividends Per Share	0.040	0.040	0.010	-	-
Dividend Growth	-	300.00%	-	-	-
Gross Margin	40.42%	46.41%	51.62%	75.63%	68.71%
Operating Margin	-10.53%	-8.03%	5.54%	49.30%	33.99%
Profit Margin	-29.92%	-16.59%	2.93%	25.10%	-7.43%
FCF Margin	5.54%	-11.16%	6.33%	26.54%	19.04%
EBITDA	96.98	133.21	173.19	587.71	303.11
EBITDA Margin	19.34%	25.36%	32.51%	63.81%	54.32%
EBIT	-52.8	-42.19	29.49	454.08	189.66
EBIT Margin	-10.53%	-8.03%	5.54%	49.30%	33.99%
Effective Tax Rate	-51.37%	10.28%	54.05%	18.84%	16.27%

Updated Mar 9, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q