W&T Offshore, Inc. (WTI)

W&T Offshore Income Statement

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

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

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

SEC Filings: 10-K · 10-Q