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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	521.61	501.46	525.26	532.66	921	558.01
Revenue Growth (YoY)	1.41%	-4.53%	-1.39%	-42.16%	65.05%	60.98%
Cost of Revenue	293.88	298.78	281.49	257.68	224.41	174.58
Gross Profit	227.73	202.68	243.77	274.98	696.58	383.43
Selling, General & Admin	84.63	79.96	82.39	75.54	73.75	52.4
Depreciation & Amortization Expenses	144.29	149.79	175.4	143.7	133.63	113.45
Other Operating Expenses	28.74	25.74	28.18	26.25	35.13	27.92
Total Operating Expenses	257.65	255.48	285.97	245.49	242.51	193.77
Operating Income	-29.92	-52.8	-42.19	29.49	454.08	189.66
Interest Expense	-36.19	-36.5	-40.45	-44.69	-69.44	-70.05
Other Non-Operating Income (Expense)	-17.73	-9.84	-14.48	49.14	-99.83	-169.15
Total Non-Operating Income (Expense)	-53.91	-46.33	-54.94	4.45	-169.27	-239.2
Pretax Income	-83.84	-99.14	-97.13	33.94	284.81	-49.54
Provision for Income Taxes	58.18	50.93	-9.99	18.35	53.66	-8.06
Net Income	-142.02	-150.06	-87.15	15.6	231.15	-41.48
Net Income to Common	-142.02	-150.06	-87.15	15.6	231.15	-41.48
Net Income Growth	-	-	-	-93.25%	-	-
Shares Outstanding (Basic)	148	148	147	146	143	142
Shares Outstanding (Diluted)	148	148	147	148	145	142
Shares Change (YoY)	0.83%	0.73%	-0.79%	2.21%	1.98%	-0.70%
EPS (Basic)	-0.95	-1.01	-0.59	0.11	1.61	-0.29
EPS (Diluted)	-0.95	-1.01	-0.59	0.11	1.59	-0.29
EPS Growth	-	-	-	-93.08%	-	-
Free Cash Flow	30.35	27.76	-58.64	33.72	244.45	106.22
Free Cash Flow Growth	9.31%	-	-	-86.21%	130.13%	74.44%
Free Cash Flow Per Share	0.20	0.19	-0.40	0.23	1.68	0.75
Dividends Per Share	0.040	0.040	0.040	0.010	-	-
Dividend Growth	-	-	300.00%	-	-	-
Gross Margin	43.66%	40.42%	46.41%	51.62%	75.63%	68.71%
Operating Margin	-5.74%	-10.53%	-8.03%	5.54%	49.30%	33.99%
Profit Margin	-27.23%	-29.92%	-16.59%	2.93%	25.10%	-7.43%
FCF Margin	5.82%	5.54%	-11.16%	6.33%	26.54%	19.04%
EBITDA	114.36	96.98	133.21	173.19	587.71	303.11
EBITDA Margin	21.92%	19.34%	25.36%	32.51%	63.81%	54.32%
EBIT	-29.92	-52.8	-42.19	29.49	454.08	189.66
EBIT Margin	-5.74%	-10.53%	-8.03%	5.54%	49.30%	33.99%
Effective Tax Rate	-69.39%	-51.37%	10.28%	54.05%	18.84%	16.27%

SEC Filings: 10-K · 10-Q