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W&T Offshore (WTI) Financials

W&T Offshore logo
$4.92 +0.17 (+3.47%)
Closing price 03:59 PM Eastern
Extended Trading
$4.92 0.00 (0.00%)
As of 06:21 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for W&T Offshore

Annual Income Statements for W&T Offshore

This table shows W&T Offshore's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -1,045 -249 80 249 74 38 -41 231 16 -87 -150
Consolidated Net Income / (Loss)		 -1,045 -249 80 249 74 38 -41 231 16 -87 -150
Net Income / (Loss) Continuing Operations		 -1,045 -249 80 249 74 38 -41 231 16 -87 -150
Total Pre-Tax Income 		-1,248 -292 67 249 -1.11 7.64 -50 285 34 -97 -99
Total Operating Income		 -1,146 -331 110 247 119 0.80 190 454 29 -42 -53
Total Gross Profit		 297 377 467 558 509 326 558 886 506 525 501
Total Revenue		 507 400 487 581 535 347 558 921 533 525 501
Operating Revenue		 507 400 487 581 535 347 558 921 533 525 501
Total Cost of Revenue		 210 23 20 22 26 21 0.00 35 26 0.00 0.00
Total Operating Expenses		 1,443 708 357 311 390 325 368 432 477 567 554
Selling, General & Admin Expense		 73 60 60 60 55 42 52 74 76 82 80
Marketing Expense		 3.00 1.89 1.74 1.83 2.52 - 28 - - 28 26
Depreciation Expense		 373 194 139 131 129 98 91 107 115 143 116
Other Operating Expenses / (Income)		 6.33 173 157 118 204 185 198 251 287 314 332
Total Other Income / (Expense), net		 -102 38 -43 2.34 -120 6.84 -239 -169 4.45 -55 -46
Interest Expense		 97 -124 38 1.54 60 14 70 - 0.00 0.00 15
Interest & Investment Income		 - -84 - - - - - -69 -45 -40 -36
Other Income / (Expense), net		 -4.66 -1.37 -5.13 3.87 -60 21 -169 -100 49 -14 5.18
Income Tax Expense		 -203 -43 -13 0.54 -75 -30 -8.06 54 18 -9.99 51
Basic Earnings per Share		 ($13.76) ($2.60) $0.56 $1.72 $0.52 $0.26 ($0.29) $1.61 $0.11 ($0.59) ($1.01)
Weighted Average Basic Shares Outstanding		 75.93M 95.64M 137.62M 139.00M 140.58M 141.62M 142.27M 143.14M 146.48M 147.13M 148.21M
Diluted Earnings per Share		 ($13.76) ($2.60) $0.56 $1.72 $0.52 $0.26 ($0.29) $1.59 $0.11 ($0.59) ($1.01)
Weighted Average Diluted Shares Outstanding		 75.93M 95.64M 137.62M 139.00M 143.72M 143.28M 142.27M 145.09M 148.30M 147.13M 148.21M
Weighted Average Basic & Diluted Shares Outstanding		 75.93M 95.64M 137.62M 139.00M 141.67M 142.30M 143.01M 146.46M 146.86M 147.64M 148.78M

Quarterly Income Statements for W&T Offshore

This table shows W&T Offshore's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.15 -0.44 -11 -15 -37 -23 -31 -21 -71 -27 -23
Consolidated Net Income / (Loss)		 2.15 -0.44 -11 -15 -37 -23 -31 -21 -71 -27 -23
Net Income / (Loss) Continuing Operations		 2.15 -0.44 -11 -15 -37 -23 -31 -21 -71 -27 -23
Total Pre-Tax Income 		6.92 1.49 -10 -20 -41 -25 -35 -23 -15 -25 -20
Total Operating Income		 17 1.79 -0.00 -6.24 -19 -17 -8.24 -13 -13 -19 15
Total Gross Profit		 142 119 133 134 115 135 124 117 122 139 150
Total Revenue		 142 132 141 143 121 120 130 122 128 122 150
Operating Revenue		 142 132 141 143 121 120 130 122 128 122 150
Total Cost of Revenue		 0.00 13 7.54 8.58 6.15 -15 5.66 5.50 5.82 -17 0.00
Total Operating Expenses		 125 117 133 140 134 152 132 130 134 158 135
Selling, General & Admin Expense		 20 18 21 21 20 21 20 18 22 21 25
Marketing Expense		 6.69 - - - - - - - - - 8.65
Depreciation Expense		 30 34 34 37 34 38 33 26 29 28 27
Other Operating Expenses / (Income)		 68 72 79 82 80 72 79 86 84 83 75
Total Other Income / (Expense), net		 -10 -0.30 -10 -14 -23 -8.22 -27 -10 -2.87 -6.10 -35
Interest Expense		 - - 0.00 0.00 0.00 - 15 0.00 0.00 - 0.00
Interest & Investment Income		 -9.93 - -10 -10 -9.99 - -9.49 -9.01 -9.00 -9.00 -9.19
Other Income / (Expense), net		 -0.44 9.43 -0.35 -3.62 -13 2.01 -2.44 -1.41 6.13 2.90 -25
Income Tax Expense		 4.78 1.93 1.05 -4.64 -4.55 -1.85 -4.62 -2.38 56 1.93 2.64
Basic Earnings per Share		 $0.01 - ($0.08) ($0.10) ($0.25) ($0.16) ($0.21) ($0.14) ($0.48) ($0.18) ($0.15)
Weighted Average Basic Shares Outstanding		 146.48M 146.48M 146.86M 146.94M 147.21M 147.13M 147.60M 147.85M 148.59M 148.21M 148.78M
Diluted Earnings per Share		 $0.01 $0.01 ($0.08) ($0.10) ($0.25) ($0.16) ($0.21) ($0.14) ($0.48) ($0.18) ($0.15)
Weighted Average Diluted Shares Outstanding		 151.46M 148.30M 146.86M 146.94M 147.21M 147.13M 147.60M 147.85M 148.59M 148.21M 148.78M
Weighted Average Basic & Diluted Shares Outstanding		 146.57M 146.86M 146.86M 147.18M 147.36M 147.64M 147.65M 148.34M 148.78M 148.78M 148.78M

Annual Cash Flow Statements for W&T Offshore

This table details how cash moves in and out of W&T Offshore's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 62 -15 29 -66 -0.86 11 206 216 -288 -67 30
Net Cash From Operating Activities		 133 14 159 322 232 109 134 340 115 60 77
Net Cash From Continuing Operating Activities		 133 14 159 322 232 109 134 340 115 60 77
Net Income / (Loss) Continuing Operations		 -1,045 -249 80 249 74 38 -41 231 16 -87 -150
Consolidated Net Income / (Loss)		 -1,045 -249 80 249 74 38 -41 231 16 -87 -150
Depreciation Expense		 394 212 156 150 148 120 113 134 144 175 150
Amortization Expense		 4.41 2.55 1.72 2.85 5.51 6.83 6.56 7.55 6.98 4.56 3.37
Non-Cash Adjustments To Reconcile Net Income		 979 106 -71 -132 46 -15 38 -71 -87 -29 -8.56
Changes in Operating Assets and Liabilities, net		 -199 -57 -6.34 53 -42 -42 17 38 36 -4.72 83
Net Cash From Investing Activities		 86 -82 -107 -66 -314 -48 -27 -95 -82 -118 22
Net Cash From Continuing Investing Activities		 86 -82 -107 -66 -314 -48 -27 -95 -82 -118 22
Purchase of Property, Plant & Equipment		 -231 -84 -107 -91 -138 -18 -32 -44 -42 -37 -49
Acquisitions		 - - 0.00 -17 -188 -2.92 -0.66 -51 -27 -81 -0.71
Divestitures		 - - - - - - - - 0.00 0.00 12
Sale and/or Maturity of Investments		 - - - - - - - - 0.00 0.00 0.93
Other Investing Activities, net		 -55 - - -15 12 -27 5.28 -0.08 -12 -0.19 58
Net Cash From Financing Activities		 -158 53 -23 -321 81 -50 100 -29 -322 -8.56 -69
Net Cash From Continuing Financing Activities		 -158 53 -23 -321 81 -50 100 -29 -322 -8.56 -69
Repayment of Debt		 -718 -359 -1.72 -986 -69 -75 -115 -45 -595 -2.66 -408
Payment of Dividends		 - - - - - - 0.00 0.00 -1.47 -5.90 -6.01
Issuance of Debt		 560 415 0.00 686 150 25 215 0.00 275 0.00 350
Other Financing Activities, net		 - -2.57 -22 -21 - - - - 0.00 0.00 -5.35

Quarterly Cash Flow Statements for W&T Offshore

This table details how cash moves in and out of W&T Offshore's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -23 24 -79 29 3.17 -20 -3.07 15 4.07 14 -9.70
Net Cash From Operating Activities		 30 36 12 37 15 -4.32 -3.20 28 27 26 2.55
Net Cash From Continuing Operating Activities		 30 36 12 37 15 -4.32 -3.20 28 27 26 2.55
Net Income / (Loss) Continuing Operations		 2.15 -0.44 -11 -15 -37 -23 -31 -21 -71 -27 -23
Consolidated Net Income / (Loss)		 2.15 -0.44 -11 -15 -37 -23 -31 -21 -71 -27 -23
Depreciation Expense		 37 41 42 45 42 46 41 35 37 37 36
Amortization Expense		 1.35 1.27 1.29 1.04 1.11 1.12 1.10 0.74 0.77 0.77 0.78
Non-Cash Adjustments To Reconcile Net Income		 -13 -22 -3.03 -2.09 -8.38 -15 11 -13 1.79 -7.97 15
Changes in Operating Assets and Liabilities, net		 2.92 16 -17 8.81 17 -13 -26 26 59 23 -27
Net Cash From Investing Activities		 -45 -2.16 -88 -6.77 -9.65 -14 63 -11 -21 -9.77 -10
Net Cash From Continuing Investing Activities		 -45 -2.16 -88 -6.77 -9.65 -14 63 -11 -21 -9.77 -10
Acquisitions		 -38 10 -81 -0.12 - - -0.40 -0.31 - - 0.00
Divestitures		 - - 0.00 - - - 12 -0.02 - - 0.00
Other Investing Activities, net		 -7.42 29 -7.10 -6.55 -9.74 23 52 -10 -22 39 -10
Net Cash From Financing Activities		 -7.75 -9.16 -2.54 -2.12 -1.95 -1.95 -63 -2.41 -1.59 -1.90 -1.92
Net Cash From Continuing Financing Activities		 -7.75 -9.16 -2.54 -2.12 -1.95 -1.95 -63 -2.41 -1.59 -1.90 -1.92
Repayment of Debt		 -7.75 -7.70 -1.07 -0.64 -0.48 -0.47 -406 -0.91 -0.62 -0.40 -0.43
Payment of Dividends		 - -1.47 -1.47 -1.49 -1.47 -1.48 -1.49 -1.50 -1.52 -1.50 -1.49
Issuance of Debt		 - - 0.00 - - - 350 - - - 0.00
Other Financing Activities, net		 - - 0.00 - - - -5.89 - 0.54 - 0.00

Annual Balance Sheets for W&T Offshore

This table presents W&T Offshore's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,208 830 908 849 1,004 941 1,193 1,432 1,114 1,099 956
Total Current Assets		 169 192 191 226 142 107 358 570 265 218 239
Cash & Equivalents		 85 70 99 33 32 44 246 461 173 109 141
Restricted Cash		 - - - - - 0.00 4.42 4.42 4.42 1.55 0.06
Accounts Receivable		 57 65 65 62 77 50 65 80 70 89 84
Prepaid Expenses		 27 15 13 76 31 14 43 24 17 19 15
Plant, Property, & Equipment, net		 990 547 579 515 749 687 665 735 749 778 662
Total Noncurrent Assets		 49 91 138 107 113 154 170 126 100 103 54
Long-Term Investments		 16 27 25 16 16 30 16 21 22 23 24
Noncurrent Deferred & Refundable Income Taxes		 28 52 52 0.00 64 94 103 57 39 49 0.04
Other Noncurrent Operating Assets		 5.46 11 60 92 33 22 51 48 39 31 30
Total Liabilities & Shareholders' Equity		 1,208 830 908 849 1,004 941 1,193 1,432 1,114 1,099 956
Total Liabilities		 1,735 1,489 1,481 1,174 1,253 1,156 1,436 1,404 1,065 1,131 1,128
Total Current Liabilities		 227 203 168 186 190 115 324 792 217 246 234
Short-Term Debt		 - 8.27 23 - - 0.00 43 582 29 27 8.46
Accounts Payable		 110 81 80 82 102 41 67 65 79 84 98
Accrued Expenses		 12 9.20 18 30 31 30 106 74 32 33 40
Other Current Liabilities		 106 105 44 54 51 36 93 67 74 99 85
Other Current Nonoperating Liabilities		 - - 4.00 21 5.28 7.31 15 3.18 2.96 2.44 2.39
Total Noncurrent Liabilities		 1,507 1,286 1,313 987 1,063 1,041 1,112 611 848 885 894
Long-Term Debt		 1,197 1,012 969 634 720 632 688 111 361 366 342
Asset Retirement Reserve & Litigation Obligation		 294 256 277 285 334 376 368 441 467 503 536
Other Noncurrent Operating Liabilities		 16 17 67 69 9.99 33 55 59 19 16 16
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 4.50 20 18 21 27
Total Equity & Noncontrolling Interests		 -526 -659 -574 -325 -249 -208 -247 7.63 31 -53 -200
Total Preferred & Common Equity		 -526 -659 -574 -325 -249 -208 -247 7.63 31 -53 -200
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -526 -659 -574 -325 -249 -208 -247 7.63 31 -53 -200
Common Stock		 424 540 546 546 547 550 553 577 586 595 605
Retained Earnings		 -926 -1,175 -1,095 -846 -772 -734 -776 -545 -531 -624 -780
Treasury Stock		 -24 -24 -24 -24 -24 -24 -24 -24 -24 -24 -24

Quarterly Balance Sheets for W&T Offshore

This table presents W&T Offshore's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,102 1,125 1,126 1,149 1,127 1,025 1,024 961 959
Total Current Assets		 255 249 208 248 226 222 238 229 249
Cash & Equivalents		 172 149 95 123 127 106 121 125 131
Restricted Cash		 4.42 4.42 4.42 4.42 4.42 1.55 1.55 1.55 0.00
Accounts Receivable		 55 65 87 94 72 92 90 85 100
Prepaid Expenses		 21 30 21 26 23 23 26 18 18
Plant, Property, & Equipment, net		 738 771 826 802 799 692 675 679 655
Total Noncurrent Assets		 120 105 93 98 102 111 111 53 55
Long-Term Investments		 22 22 22 22 23 23 23 23 24
Noncurrent Deferred & Refundable Income Taxes		 46 43 38 42 47 54 57 0.00 0.06
Other Noncurrent Operating Assets		 42 40 33 33 33 34 32 30 30
Total Liabilities & Shareholders' Equity		 1,102 1,125 1,126 1,149 1,127 1,025 1,024 961 959
Total Liabilities		 1,070 1,078 1,085 1,127 1,130 1,088 1,093 1,099 1,155
Total Current Liabilities		 209 216 192 234 232 188 201 208 251
Short-Term Debt		 31 30 6.99 15 21 0.57 0.58 8.60 8.31
Accounts Payable		 67 80 76 89 87 78 87 89 91
Accrued Expenses		 39 34 16 29 22 19 25 19 62
Other Current Liabilities		 69 68 91 99 100 88 85 89 87
Other Current Nonoperating Liabilities		 3.11 3.11 2.86 2.57 2.49 2.43 2.43 2.40 2.28
Total Noncurrent Liabilities		 861 862 893 892 898 900 892 891 905
Long-Term Debt		 383 367 384 377 372 349 350 342 343
Asset Retirement Reserve & Litigation Obligation		 443 465 492 499 510 533 525 531 541
Other Noncurrent Operating Liabilities		 35 29 17 17 17 17 17 18 21
Commitments & Contingencies		 17 18 21 17 29 20 34 34 26
Total Equity & Noncontrolling Interests		 25 30 21 5.01 -32 -83 -103 -172 -222
Total Preferred & Common Equity		 25 30 21 5.01 -32 -83 -103 -172 -222
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 25 30 21 5.01 -32 -83 -103 -172 -222
Common Stock		 580 583 589 590 592 597 600 603 607
Retained Earnings		 -531 -529 -544 -561 -599 -656 -679 -751 -804
Treasury Stock		 - -24 -24 -24 -24 -24 -24 -24 -24

Annual Metrics And Ratios for W&T Offshore

This table displays calculated financial ratios and metrics derived from W&T Offshore's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 76,010,554.00 137,082,824.00 137,821,744.00 139,153,798.00 140,690,393.00 141,778,318.00 142,367,272.00 143,161,608.00 146,574,193.00 - 148,777,224.00
DEI Adjusted Shares Outstanding		 76,010,554.00 137,082,824.00 137,821,744.00 139,153,798.00 140,690,393.00 141,778,318.00 142,367,272.00 143,161,608.00 146,574,193.00 - 148,777,224.00
DEI Earnings Per Adjusted Shares Outstanding		 -13.74 -1.82 0.58 1.79 0.53 0.27 -0.29 1.61 0.11 - -1.01
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -46.53% -21.15% 21.78% 19.22% -7.89% -35.20% 60.98% 65.05% -42.17% -1.39% -4.53%
EBITDA Growth		 -230.97% 84.34% 322.64% 53.92% -47.36% -29.99% -5.53% 252.58% -53.72% -46.24% -14.40%
EBIT Growth		 -1,947.21% 71.15% 131.58% 139.35% -76.70% -63.00% -5.16% 1,626.87% -77.80% -172.08% 15.97%
NOPAT Growth		 -1,945.88% 71.15% 156.41% 88.83% -66.34% -95.22% 3,249.59% 177.58% -96.32% -317.92% -25.14%
Net Income Growth		 -8,859.08% 76.16% 132.00% 212.28% -70.23% -48.99% -209.76% 657.28% -93.25% -658.69% -72.20%
EPS Growth		 -8,500.00% 81.10% 121.54% 207.14% -69.77% -50.00% -211.54% 648.28% -93.08% -636.36% -71.19%
Operating Cash Flow Growth		 -71.94% -89.36% 1,024.17% 101.85% -27.83% -53.27% 23.19% 154.01% -66.03% -48.37% 29.74%
Free Cash Flow Firm Growth		 624.03% -83.62% 30.69% 173.68% -124.17% 225.72% 207.26% 49.31% -97.79% -313.56% 1,121.51%
Invested Capital Growth		 -68.76% -53.62% 12.88% -5.94% 52.36% -17.86% -32.45% 0.13% 2.28% -5.01% -92.95%
Revenue Q/Q Growth		 -15.44% 2.87% 2.93% 2.53% 1.61% -14.15% 14.54% 2.69% -9.72% -2.23% 0.27%
EBITDA Q/Q Growth		 -14.73% 31.36% 4.87% 21.18% -28.75% -16.65% 146.74% -2.13% -17.01% -14.57% -9.54%
EBIT Q/Q Growth		 -3.13% 20.19% 13.17% 41.61% -60.37% -46.00% 134.68% -3.91% -40.54% -85.98% -2.60%
NOPAT Q/Q Growth		 -2.71% 19.90% 14.67% 37.68% -61.45% -98.27% 93.72% -1.75% -77.47% -80.21% -4.15%
Net Income Q/Q Growth		 -1.78% 21.47% 9.45% 86.60% -63.57% -32.87% 58.24% -2.31% -73.78% -35.68% -2.57%
EPS Q/Q Growth		 -1.70% 39.11% -59.42% 84.95% -62.86% -36.59% 59.15% -3.05% -72.50% -40.48% -2.02%
Operating Cash Flow Q/Q Growth		 -29.82% 232.12% 3.74% -0.67% 8.77% -32.34% 27.23% -2.78% 24.89% -40.17% 64.40%
Free Cash Flow Firm Q/Q Growth		 1,869.47% -83.24% 3.01% 6.32% -109.25% 120.21% -3.96% 4.58% 125.98% -201.85% 27.82%
Invested Capital Q/Q Growth		 -41.58% 7.85% 12.49% 43.40% 252.68% 1.33% 50.01% 31.12% -10.90% -3.53% -74.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 58.62% 94.27% 95.80% 96.15% 95.15% 93.96% 100.00% 96.19% 95.07% 100.00% 100.00%
EBITDA Margin		 -148.22% -29.45% 53.83% 69.50% 39.72% 42.91% 25.18% 53.79% 43.05% 23.47% 21.04%
Operating Margin		 -225.86% -82.64% 22.57% 42.54% 22.16% 0.23% 33.99% 49.30% 5.54% -8.03% -10.53%
EBIT Margin		 -226.78% -82.99% 21.52% 43.21% 10.93% 6.24% 3.68% 38.46% 14.76% -10.79% -9.50%
Profit (Net Income) Margin		 -205.95% -62.26% 16.36% 42.85% 13.85% 10.90% -7.43% 25.10% 2.93% -16.59% -29.92%
Tax Burden Percent		 83.73% 85.17% 118.73% 99.79% -6,686.46% 494.83% 83.73% 81.16% 45.95% 89.72% 151.37%
Interest Burden Percent		 108.46% 88.09% 64.03% 99.39% -1.90% 35.31% -241.47% 80.40% 43.17% 171.38% 208.16%
Effective Tax Rate		 0.00% 0.00% -18.73% 0.21% 0.00% -394.83% 0.00% 18.84% 54.05% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -67.07% -55.53% 46.44% 85.22% 23.45% 1.02% 45.16% 155.36% 5.65% -12.48% -29.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 -87.22% -57.27% 40.77% 85.54% 22.07% 6.49% 11.76% 116.88% 6.57% -35.77% -75.26%
Return on Net Nonoperating Assets (RNNOA)		 12,226.97% 97.54% -59.37% -140.62% -49.26% -17.53% -26.95% -348.35% 74.70% 827.49% 148.89%
Return on Equity (ROE)		 12,159.90% 42.01% -12.93% -55.40% -25.81% -16.51% 18.21% -192.99% 80.35% 815.01% 118.94%
Cash Return on Invested Capital (CROIC)		 37.71% 17.73% 34.34% 91.34% -18.05% 20.63% 83.89% 155.24% 3.39% -7.34% 143.72%
Operating Return on Assets (OROA)		 -59.03% -32.58% 12.07% 28.57% 6.31% 2.23% 1.92% 26.99% 6.18% -5.12% -4.64%
Return on Assets (ROA)		 -53.61% -24.44% 9.17% 28.33% 8.00% 3.89% -3.89% 17.61% 1.23% -7.88% -14.61%
Return on Common Equity (ROCE)		 12,159.90% 42.01% -12.93% -55.40% -25.81% -16.51% 18.21% -192.99% 80.35% 815.01% 118.94%
Return on Equity Simple (ROE_SIMPLE)		 198.43% 37.79% -13.89% -76.61% -29.71% -18.14% 16.78% 3,027.89% 0.00% 165.75% 0.00%
Net Operating Profit after Tax (NOPAT)		 -802 -231 131 246 83 3.96 133 369 14 -30 -37
NOPAT Margin		 -158.10% -57.85% 26.80% 42.45% 15.51% 1.14% 23.79% 40.01% 2.54% -5.62% -7.37%
Net Nonoperating Expense Percent (NNEP)		 20.15% 1.75% 5.67% -0.32% 1.39% -5.47% 33.40% 38.48% -0.93% 23.29% 45.31%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 52.57% 3.21% -8.67% -24.47%
Cost of Revenue to Revenue		 41.38% 5.73% 4.20% 3.85% 4.85% 6.04% 0.00% 3.81% 4.93% 0.00% 0.00%
SG&A Expenses to Revenue		 14.41% 14.94% 12.27% 10.36% 10.30% 12.04% 9.39% 8.01% 14.18% 15.69% 15.94%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 284.48% 176.91% 73.23% 53.61% 72.99% 93.73% 66.01% 46.88% 89.53% 108.03% 110.53%
Earnings before Interest and Taxes (EBIT)		 -1,150 -332 105 251 58 22 21 354 79 -57 -48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -752 -118 262 404 212 149 141 495 229 123 106
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 102.50 14.64 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 102.50 14.64 0.00 0.00
Price to Revenue (P/Rev)		 0.34 0.93 0.92 0.97 1.44 0.87 0.81 0.85 0.86 0.47 0.48
Price to Earnings (P/E)		 0.00 0.00 5.64 2.27 10.39 8.01 0.00 3.39 29.27 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 2.41% 2.46%
Earnings Yield		 0.00% 0.00% 17.74% 44.09% 9.62% 12.48% 0.00% 29.54% 3.42% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.23 4.91 4.42 4.10 3.37 2.46 3.87 4.17 2.67 2.19 26.33
Enterprise Value to Revenue (EV/Rev)		 2.50 3.24 2.70 1.98 2.69 2.49 1.64 1.07 1.22 0.96 0.85
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 5.02 2.85 6.78 5.79 6.53 2.00 2.82 4.09 4.05
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 12.56 4.58 24.65 39.85 44.72 2.79 8.23 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 10.09 4.66 17.37 217.46 6.91 2.68 47.75 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.52 91.46 8.26 3.57 6.21 7.94 6.86 2.91 5.61 8.47 5.54
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.81 17.56 13.64 4.35 0.00 10.74 3.72 2.68 79.59 0.00 2.41
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -2.27 -1.55 -1.73 -1.95 -2.89 -3.04 -2.96 90.84 12.52 -7.48 -1.76
Long-Term Debt to Equity		 -2.27 -1.54 -1.69 -1.95 -2.89 -3.04 -2.78 14.56 11.58 -6.96 -1.71
Financial Leverage		 -140.19 -1.70 -1.46 -1.64 -2.23 -2.70 -2.29 -2.98 11.37 -23.14 -1.98
Leverage Ratio		 -226.82 -1.72 -1.41 -1.96 -3.23 -4.25 -4.68 -10.96 65.57 -103.48 -8.14
Compound Leverage Factor		 -246.02 -1.51 -0.90 -1.94 0.06 -1.50 11.31 -8.81 28.30 -177.34 -16.95
Debt to Total Capital		 178.54% 282.21% 237.02% 205.20% 153.04% 149.10% 151.10% 98.91% 92.61% 115.43% 232.23%
Short-Term Debt to Total Capital		 0.00% 2.29% 5.48% 0.00% 0.00% 0.00% 8.88% 83.05% 6.96% 8.01% 5.60%
Long-Term Debt to Total Capital		 178.54% 279.92% 231.55% 205.20% 153.04% 149.10% 142.22% 15.86% 85.64% 107.42% 226.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -78.54% -182.21% -137.02% -105.20% -53.04% -49.10% -51.10% 1.09% 7.40% -15.43% -132.23%
Debt to EBITDA		 -1.59 -8.67 3.78 1.57 3.39 4.25 5.20 1.40 1.70 3.19 3.32
Net Debt to EBITDA		 -1.46 -7.84 3.31 1.45 3.16 3.76 3.31 0.42 0.83 2.11 1.76
Long-Term Debt to EBITDA		 -1.59 -8.60 3.70 1.57 3.39 4.25 4.90 0.22 1.58 2.97 3.24
Debt to NOPAT		 -1.49 -4.41 7.60 2.57 8.67 159.57 5.51 1.88 28.82 -13.31 -9.49
Net Debt to NOPAT		 -1.37 -3.99 6.65 2.37 8.09 141.05 3.50 0.56 14.06 -8.80 -5.04
Long-Term Debt to NOPAT		 -1.49 -4.38 7.42 2.57 8.67 159.57 5.18 0.30 26.65 -12.39 -9.26
Altman Z-Score		 -3.79 -2.69 -0.56 0.61 -0.04 -0.50 -0.16 1.08 0.35 -0.39 -0.65
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.74 0.94 1.13 1.21 0.75 0.93 1.10 0.72 1.22 0.89 1.02
Quick Ratio		 0.63 0.67 0.98 0.51 0.57 0.81 0.96 0.68 1.12 0.81 0.96
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 451 74 97 264 -64 80 247 368 8.13 -17 177
Operating Cash Flow to CapEx		 0.00% 17.21% 148.83% 942.12% 168.51% 615.41% 416.90% 780.06% 275.81% 159.38% 158.77%
Free Cash Flow to Firm to Interest Expense		 4.63 0.00 2.56 172.00 -1.07 5.74 3.52 0.00 0.00 0.00 11.81
Operating Cash Flow to Interest Expense		 1.37 0.00 4.23 209.48 3.90 7.75 1.91 0.00 0.00 0.00 5.14
Operating Cash Flow Less CapEx to Interest Expense		 2.82 0.00 1.39 187.25 1.58 6.49 1.45 0.00 0.00 0.00 1.90
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.26 0.39 0.56 0.66 0.58 0.36 0.52 0.70 0.42 0.47 0.49
Accounts Receivable Turnover		 6.04 6.56 7.48 9.10 7.69 5.48 9.76 12.72 7.11 6.60 5.78
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.29 0.52 0.87 1.06 0.85 0.48 0.83 1.32 0.72 0.69 0.70
Accounts Payable Turnover		 1.38 0.24 0.25 0.28 0.28 0.29 0.00 0.53 0.36 0.00 0.00
Days Sales Outstanding (DSO)		 60.40 55.65 48.77 40.11 47.50 66.57 37.39 28.69 51.37 55.31 63.14
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 264.21 1,519.00 1,434.80 1,318.76 1,296.92 1,251.53 0.00 688.72 1,001.25 0.00 0.00
Cash Conversion Cycle (CCC)		 -203.80 -1,463.35 -1,386.04 -1,278.65 -1,249.42 -1,184.96 37.39 -660.03 -949.88 55.31 63.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 569 264 298 280 427 351 237 237 243 231 16
Invested Capital Turnover		 0.42 0.96 1.73 2.01 1.51 0.89 1.90 3.88 2.22 2.22 4.06
Increase / (Decrease) in Invested Capital		 -1,253 -305 34 -18 147 -76 -114 0.30 5.42 -12 -214
Enterprise Value (EV)		 1,269 1,297 1,317 1,149 1,441 862 917 989 647 505 428
Market Capitalization		 173 374 449 564 770 303 453 782 457 245 242
Book Value per Share		 ($6.93) ($4.81) ($4.16) ($2.33) ($1.77) ($1.47) ($1.74) $0.05 $0.21 ($0.36) ($1.34)
Tangible Book Value per Share		 ($6.93) ($4.81) ($4.16) ($2.33) ($1.77) ($1.47) ($1.74) $0.05 $0.21 ($0.36) ($1.34)
Total Capital		 670 362 419 309 470 424 484 701 422 341 151
Total Debt		 1,197 1,021 992 634 720 632 731 693 391 393 351
Total Long-Term Debt		 1,197 1,012 969 634 720 632 688 111 361 366 342
Net Debt		 1,096 923 868 585 671 559 465 206 191 260 186
Capital Expenditures (CapEx)		 -142 82 107 34 138 18 32 44 42 37 49
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -144 -73 -54 6.63 -81 -51 -173 -106 -100 -111 -127
Debt-free Net Working Capital (DFNWC)		 -58 -3.02 45 40 -48 -7.77 77 360 77 -0.34 13
Net Working Capital (NWC)		 -58 -11 22 40 -48 -7.77 34 -222 48 -28 4.99
Net Nonoperating Expense (NNE)		 243 18 51 -2.33 8.89 -34 174 137 -2.04 58 113
Net Nonoperating Obligations (NNO)		 1,096 923 872 605 677 559 484 230 212 283 216
Total Depreciation and Amortization (D&A)		 398 214 157 153 154 127 120 141 151 180 153
Debt-free, Cash-free Net Working Capital to Revenue		 -28.31% -18.31% -11.03% 1.14% -15.08% -14.86% -31.07% -11.47% -18.82% -21.11% -25.36%
Debt-free Net Working Capital to Revenue		 -11.47% -0.75% 9.31% 6.87% -9.01% -2.24% 13.77% 39.11% 14.55% -0.06% 2.68%
Net Working Capital to Revenue		 -11.47% -2.82% 4.60% 6.87% -9.01% -2.24% 6.07% -24.11% 9.04% -5.26% 1.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($13.76) ($2.60) $0.56 $1.72 $0.52 $0.26 ($0.29) $1.61 $0.11 ($0.59) ($1.01)
Adjusted Weighted Average Basic Shares Outstanding		 76.51M 137.67M 139.09M 140.64M 141.67M 142.30M 142.27M 143.14M 146.48M 147.13M 148.21M
Adjusted Diluted Earnings per Share		 ($13.76) ($2.60) $0.56 $1.72 $0.52 $0.26 ($0.29) $1.59 $0.11 ($0.59) ($1.01)
Adjusted Weighted Average Diluted Shares Outstanding		 76.51M 137.67M 139.09M 140.64M 141.67M 142.30M 142.27M 145.09M 148.30M 147.13M 148.21M
Adjusted Basic & Diluted Earnings per Share		 ($13.76) ($2.60) $0.56 $1.72 $0.52 $0.26 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 76.51M 137.67M 139.09M 140.64M 141.67M 142.30M 143.01M 146.46M 146.86M 147.64M 148.78M
Normalized Net Operating Profit after Tax (NOPAT)		 -111 -36 77 246 83 0.56 133 369 21 -30 -37
Normalized NOPAT Margin		 -21.87% -9.01% 15.80% 42.45% 15.51% 0.16% 23.79% 40.01% 3.88% -5.62% -7.37%
Pre Tax Income Margin		 -245.97% -73.10% 13.78% 42.94% -0.21% 2.20% -8.88% 30.92% 6.37% -18.49% -19.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -11.82 0.00 2.78 163.35 0.98 1.55 0.29 0.00 0.00 0.00 -3.17
NOPAT to Interest Expense		 -8.24 0.00 3.46 160.48 1.39 0.28 1.90 0.00 0.00 0.00 -2.46
EBIT Less CapEx to Interest Expense		 -10.36 0.00 -0.06 141.11 -1.33 0.29 -0.16 0.00 0.00 0.00 -6.41
NOPAT Less CapEx to Interest Expense		 -6.79 0.00 0.62 138.24 -0.92 -0.98 1.44 0.00 0.00 0.00 -5.70
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.40% -6.77% -4.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.40% -6.77% -4.00%

Quarterly Metrics And Ratios for W&T Offshore

This table displays calculated financial ratios and metrics derived from W&T Offshore's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 146,480,637.00 146,574,193.00 146,857,277.00 146,857,277.00 147,182,248.00 - 147,635,709.00 147,651,816.00 148,339,030.00 148,777,224.00 148,777,698.00
DEI Adjusted Shares Outstanding		 146,480,637.00 146,574,193.00 146,857,277.00 146,857,277.00 147,182,248.00 - 147,635,709.00 147,651,816.00 148,339,030.00 148,777,224.00 148,777,698.00
DEI Earnings Per Adjusted Shares Outstanding		 0.01 0.00 -0.08 -0.10 -0.25 - -0.21 -0.14 -0.48 -0.18 -0.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -46.56% -30.24% 6.88% 13.14% -14.77% -9.06% -7.76% -14.28% 5.06% 1.14% 15.52%
EBITDA Growth		 -59.63% -46.76% -48.22% -5.13% -78.68% -39.28% -26.01% -40.41% 164.03% -34.25% -18.44%
EBIT Growth		 -83.15% -82.70% -100.72% -914.20% -286.82% -233.59% -2,893.00% -44.63% 79.40% -8.07% -0.22%
NOPAT Growth		 -95.17% -101.10% -100.04% -8,883.10% -347.86% -2,133.21% -206,000.00% -106.11% 33.51% -12.40% 277.54%
Net Income Growth		 -96.79% -101.02% -144.12% -27.08% -1,821.26% -5,173.59% -166.49% -35.72% -93.59% -16.12% 26.32%
EPS Growth		 -97.83% -96.67% -147.06% -25.00% -2,600.00% -1,700.00% -162.50% -40.00% -92.00% -12.50% 28.57%
Operating Cash Flow Growth		 -66.29% 181.28% -50.32% 42.94% -50.82% -112.10% -127.45% -25.33% 79.69% 700.88% 179.82%
Free Cash Flow Firm Growth		 -197.99% -112.39% -514.72% 66.25% 123.42% 104.65% 361.36% 694.92% 720.38% 72,458.77% 12.63%
Invested Capital Growth		 50.53% 2.28% 22.14% 6.21% -12.27% -5.01% -49.21% -47.93% -72.90% -92.95% -98.63%
Revenue Q/Q Growth		 12.86% -7.07% 6.38% 1.40% -14.98% -0.85% 7.91% -5.78% 4.21% -4.55% 23.26%
EBITDA Q/Q Growth		 43.46% -2.39% -19.95% -15.37% -67.76% 178.01% -2.46% -31.84% 42.84% -30.77% 21.00%
EBIT Q/Q Growth		 1,291.16% -33.42% -103.18% -2,661.90% -219.21% 52.39% 28.70% -33.47% 54.53% -149.71% 33.88%
NOPAT Q/Q Growth		 10,676.02% -109.94% 99.47% -155,800.00% -204.11% 10.41% 51.48% -55.91% 1.89% -51.44% 176.64%
Net Income Q/Q Growth		 117.71% -120.65% -2,490.07% -34.11% -139.93% 36.72% -30.88% 31.70% -242.24% 62.05% 16.95%
EPS Q/Q Growth		 112.50% 0.00% -900.00% -25.00% -150.00% 36.00% -31.25% 33.33% -242.86% 62.50% 16.67%
Operating Cash Flow Q/Q Growth		 14.63% 18.76% -67.36% 221.65% -60.56% -129.23% 25.97% 974.91% -5.10% -2.25% -90.17%
Free Cash Flow Firm Q/Q Growth		 -45.98% 93.09% -855.95% 65.03% 201.30% -98.63% 53,609.10% -20.39% 39.69% 21.49% -16.63%
Invested Capital Q/Q Growth		 8.85% -10.90% 29.36% -15.34% -10.09% -3.53% -30.83% -13.20% -53.21% -74.92% -86.56%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 89.94% 94.64% 93.99% 94.94% 112.24% 95.64% 95.51% 95.44% 113.95% 100.00%
EBITDA Margin		 38.50% 40.44% 30.43% 25.40% 9.63% 27.00% 24.41% 17.66% 24.20% 17.55% 17.23%
Operating Margin		 12.14% 1.35% 0.00% -4.37% -15.62% -14.12% -6.35% -10.50% -9.89% -15.69% 9.76%
EBIT Margin		 11.83% 8.48% -0.25% -6.91% -25.93% -12.45% -8.23% -11.65% -5.09% -13.31% -7.14%
Profit (Net Income) Margin		 1.51% -0.33% -8.15% -10.78% -30.42% -19.41% -23.54% -17.07% -56.05% -22.29% -15.02%
Tax Burden Percent		 30.99% -29.75% 110.02% 76.85% 89.04% 92.67% 86.89% 89.76% 461.63% 107.67% 113.25%
Interest Burden Percent		 41.09% 13.27% 2,921.29% 203.08% 131.75% 168.24% 329.36% 163.14% 238.75% 155.58% 185.79%
Effective Tax Rate		 69.01% 129.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 9.79% -0.89% 0.00% -6.61% -22.97% -21.93% -9.65% -17.97% -22.79% -44.62% 44.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.44% -0.85% -4.45% -11.15% -32.19% -26.57% -18.92% -22.70% -47.46% -50.13% 30.00%
Return on Net Nonoperating Assets (RNNOA)		 -161.43% -9.69% -41.30% -181.96% 10,844.68% 614.66% 163.31% 116.63% 118.15% 99.18% -45.93%
Return on Equity (ROE)		 -151.64% -10.58% -41.30% -188.58% 10,821.71% 592.73% 153.66% 98.66% 95.36% 54.56% -1.87%
Cash Return on Invested Capital (CROIC)		 -13.80% 3.39% -15.24% -2.54% 6.67% -7.34% 50.36% 43.28% 91.36% 143.72% 168.69%
Operating Return on Assets (OROA)		 5.34% 3.55% -0.12% -3.43% -12.37% -5.91% -3.93% -5.30% -2.44% -6.49% -3.75%
Return on Assets (ROA)		 0.68% -0.14% -3.95% -5.35% -14.51% -9.22% -11.26% -7.76% -26.85% -10.88% -7.90%
Return on Common Equity (ROCE)		 -151.64% -10.58% -41.30% -188.58% 10,821.71% 592.73% 153.66% 98.66% 95.36% 54.56% -1.87%
Return on Equity Simple (ROE_SIMPLE)		 198.39% 0.00% -105.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 5.36 -0.53 -0.00 -4.37 -13 -12 -5.77 -9.00 -8.83 -13 10
NOPAT Margin		 3.76% -0.40% 0.00% -3.06% -10.94% -9.88% -4.44% -7.35% -6.92% -10.98% 6.83%
Net Nonoperating Expense Percent (NNEP)		 1.34% -0.04% 4.45% 4.53% 9.22% 4.64% 9.26% 4.74% 24.67% 5.51% 14.06%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.13% 0.00% -1.10% -3.68% -3.49% -2.16% -3.64% -4.96% -8.85% 7.92%
Cost of Revenue to Revenue		 0.00% 10.06% 5.36% 6.01% 5.06% -12.24% 4.36% 4.49% 4.56% -13.95% 0.00%
SG&A Expenses to Revenue		 14.03% 13.79% 14.57% 14.96% 16.25% 17.28% 15.52% 14.44% 16.87% 16.94% 16.55%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 87.86% 88.59% 94.65% 98.36% 110.56% 126.35% 101.99% 106.01% 105.33% 129.64% 90.24%
Earnings before Interest and Taxes (EBIT)		 17 11 -0.36 -9.86 -31 -15 -11 -14 -6.49 -16 -11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 54 43 36 12 32 32 22 31 21 26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 21.06 14.64 18.37 61.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 21.06 14.64 18.37 61.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.07 0.86 0.70 0.55 0.57 0.47 0.44 0.49 0.54 0.48 0.97
Price to Earnings (P/E)		 10.62 29.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.32% 0.77% 1.43% 1.91% 2.41% 2.64% 2.42% 2.20% 2.46% 1.17%
Earnings Yield		 9.42% 3.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.13 2.67 2.07 2.06 2.29 2.19 2.78 3.24 7.27 26.33 322.00
Enterprise Value to Revenue (EV/Rev)		 1.45 1.22 1.20 0.98 1.02 0.96 0.86 0.91 0.94 0.85 1.35
Enterprise Value to EBITDA (EV/EBITDA)		 3.09 2.82 3.44 2.93 3.80 4.09 3.96 4.60 4.04 4.05 7.05
Enterprise Value to EBIT (EV/EBIT)		 6.45 8.23 22.51 30.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 14.18 47.75 48.59 61.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.24 5.61 6.29 4.78 5.51 8.47 9.93 12.73 10.03 5.54 8.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 79.59 0.00 0.00 32.13 0.00 3.72 5.12 3.39 2.41 5.16
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 13.24 12.52 18.85 78.30 -12.46 -7.48 -4.23 -3.41 -2.03 -1.76 -1.58
Long-Term Debt to Equity		 12.24 11.58 18.51 75.32 -11.79 -6.96 -4.22 -3.40 -1.98 -1.71 -1.55
Financial Leverage		 -19.12 11.37 9.27 16.32 -336.87 -23.14 -8.63 -5.14 -2.49 -1.98 -1.53
Leverage Ratio		 -104.50 65.57 40.23 75.54 -1,479.09 -103.48 -34.68 -22.23 -10.24 -8.14 -6.51
Compound Leverage Factor		 -42.94 8.70 1,175.27 153.41 -1,948.65 -174.10 -114.22 -36.27 -24.44 -12.67 -12.10
Debt to Total Capital		 92.98% 92.61% 94.96% 98.74% 108.73% 115.43% 130.98% 141.53% 196.93% 232.23% 271.33%
Short-Term Debt to Total Capital		 7.03% 6.96% 1.70% 3.76% 5.81% 8.01% 0.21% 0.23% 4.83% 5.60% 6.42%
Long-Term Debt to Total Capital		 85.95% 85.64% 93.27% 94.98% 102.92% 107.42% 130.77% 141.29% 192.09% 226.63% 264.91%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 7.02% 7.40% 5.04% 1.26% -8.73% -15.43% -30.98% -41.53% -96.93% -132.23% -171.33%
Debt to EBITDA		 1.44 1.70 2.07 2.09 2.72 3.19 3.12 3.59 3.00 3.32 3.52
Net Debt to EBITDA		 0.80 0.83 1.42 1.29 1.66 2.11 1.96 2.10 1.72 1.76 1.97
Long-Term Debt to EBITDA		 1.33 1.58 2.03 2.01 2.58 2.97 3.12 3.59 2.93 3.24 3.44
Debt to NOPAT		 6.60 28.82 29.20 43.63 -23.95 -13.31 -9.92 -8.77 -9.88 -9.49 -16.77
Net Debt to NOPAT		 3.68 14.06 20.13 26.90 -14.58 -8.80 -6.22 -5.13 -5.67 -5.04 -9.35
Long-Term Debt to NOPAT		 6.10 26.65 28.68 41.97 -22.67 -12.39 -9.90 -8.75 -9.63 -9.26 -16.37
Altman Z-Score		 0.30 0.15 0.03 -0.05 -0.20 -0.26 -0.27 -0.31 -0.42 -0.54 -0.41
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.15 1.22 1.08 1.06 0.98 0.89 1.18 1.19 1.10 1.02 0.99
Quick Ratio		 0.99 1.12 0.95 0.93 0.86 0.81 1.05 1.05 1.01 0.96 0.92
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -86 -5.95 -57 -20 20 0.28 149 118 165 201 168
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 9.91 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.21 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.21 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.42 0.48 0.50 0.48 0.47 0.48 0.45 0.48 0.49 0.53
Accounts Receivable Turnover		 6.92 7.11 7.23 7.47 7.85 6.60 5.75 5.37 6.34 5.78 5.44
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.79 0.72 0.70 0.73 0.68 0.69 0.68 0.67 0.68 0.70 0.77
Accounts Payable Turnover		 0.40 0.36 0.02 0.04 0.11 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 52.76 51.37 50.46 48.86 46.51 55.31 63.52 68.01 57.56 63.14 67.13
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 909.30 1,001.25 19,750.69 8,977.05 3,273.10 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 -856.53 -949.88 -19,700.23 -8,928.19 -3,226.60 55.31 63.52 68.01 57.56 63.14 67.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 272 243 314 266 239 231 160 138 65 16 2.18
Invested Capital Turnover		 2.60 2.22 1.90 2.16 2.10 2.22 2.17 2.44 3.29 4.06 6.45
Increase / (Decrease) in Invested Capital		 91 5.42 57 16 -33 -12 -155 -127 -174 -214 -157
Enterprise Value (EV)		 853 647 651 549 548 505 444 448 471 428 703
Market Capitalization		 632 457 381 307 309 245 224 244 270 242 507
Book Value per Share		 $0.20 $0.21 $0.14 $0.03 ($0.21) ($0.36) ($0.56) ($0.70) ($1.16) ($1.34) ($1.49)
Tangible Book Value per Share		 $0.20 $0.21 $0.14 $0.03 ($0.21) ($0.36) ($0.56) ($0.70) ($1.16) ($1.34) ($1.49)
Total Capital		 427 422 412 397 361 341 267 247 178 151 129
Total Debt		 397 391 391 392 393 393 350 350 350 351 351
Total Long-Term Debt		 367 361 384 377 372 366 349 350 342 342 343
Net Debt		 222 191 270 242 239 260 220 205 201 186 196
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -90 -100 -76 -99 -115 -111 -73 -84 -97 -127 -124
Debt-free Net Working Capital (DFNWC)		 63 77 23 28 16 -0.34 35 38 29 13 7.03
Net Working Capital (NWC)		 33 48 16 14 -5.14 -28 34 37 21 4.99 -1.28
Net Nonoperating Expense (NNE)		 3.21 -0.09 11 11 24 11 25 12 63 14 33
Net Nonoperating Obligations (NNO)		 242 212 293 261 271 283 242 241 237 216 224
Total Depreciation and Amortization (D&A)		 38 42 43 46 43 47 42 36 37 38 37
Debt-free, Cash-free Net Working Capital to Revenue		 -15.31% -18.82% -14.12% -17.79% -21.43% -21.11% -14.18% -17.07% -19.39% -25.36% -23.75%
Debt-free Net Working Capital to Revenue		 10.69% 14.55% 4.20% 5.10% 2.95% -0.06% 6.72% 7.68% 5.87% 2.68% 1.35%
Net Working Capital to Revenue		 5.60% 9.04% 2.91% 2.42% -0.96% -5.26% 6.61% 7.56% 4.16% 1.00% -0.25%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.01 $0.00 ($0.08) ($0.10) ($0.25) ($0.16) ($0.21) ($0.14) ($0.48) ($0.18) ($0.15)
Adjusted Weighted Average Basic Shares Outstanding		 146.48M 146.48M 146.86M 146.94M 147.21M 147.13M 147.60M 147.85M 148.59M 148.21M 148.78M
Adjusted Diluted Earnings per Share		 $0.01 $0.01 ($0.08) ($0.10) ($0.25) ($0.16) ($0.21) ($0.14) ($0.48) ($0.18) ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding		 151.46M 148.30M 146.86M 146.94M 147.21M 147.13M 147.60M 147.85M 148.59M 148.21M 148.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 146.57M 146.86M 146.86M 147.18M 147.36M 147.64M 147.65M 148.34M 148.78M 148.78M 148.78M
Normalized Net Operating Profit after Tax (NOPAT)		 12 1.25 -0.00 -4.37 -13 -12 -5.77 -9.00 -8.83 -13 10
Normalized NOPAT Margin		 8.50% 0.95% 0.00% -3.06% -10.94% -9.88% -4.44% -7.35% -6.92% -10.98% 6.83%
Pre Tax Income Margin		 4.86% 1.13% -7.41% -14.03% -34.16% -20.95% -27.10% -19.01% -12.14% -20.70% -13.26%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.71 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.38 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.71 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.38 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 9.40% -13.41% -17.57% -9.18% -6.77% -5.58% -5.32% -4.09% -4.00% -4.23%
Augmented Payout Ratio		 0.00% 9.40% -13.41% -17.57% -9.18% -6.77% -5.58% -5.32% -4.09% -4.00% -4.23%

Financials Breakdown Chart

Key Financial Trends

W&T Offshore’s latest quarter showed a modest operating profit, but bottom-line losses and heavy liabilities remain the big story. In Q1 2026, revenue rose to $150.0 million from $121.7 million in Q4 2025 and $129.9 million in Q1 2025. However, the company still posted a net loss of $22.5 million, and operating cash flow dropped sharply to just $2.6 million. The balance sheet also continues to show a large debt burden and negative shareholder equity.

  • Q1 2026 revenue improved to $150.0 million, up from $121.7 million in Q4 2025 and $129.9 million in Q1 2025.
  • Operating income was positive at $14.6 million in Q1 2026, showing the core business can still generate profits before interest and non-operating items.
  • Cash on hand remained solid at $130.9 million, giving the company some near-term liquidity support.
  • Q1 2026 operating expenses were lower than revenue on an operating basis, suggesting better operating leverage than in recent quarters.
  • Production-related depreciation remains a large non-cash charge, which is normal for an upstream energy company but still weighs on reported earnings.
  • The company continued paying a dividend, but at a relatively small level of $1.5 million in Q1 2026.
  • Despite stronger revenue, WTI still reported a net loss of $22.5 million in Q1 2026, and EPS came in at $(0.15).
  • Operating cash flow fell to just $2.6 million in Q1 2026, down sharply from $25.9 million in Q4 2025 and $27.9 million in Q2 2025.
  • The balance sheet remains highly leveraged, with $342.9 million of short- and long-term debt plus $540.6 million in asset retirement and litigation obligations.
  • Shareholders’ equity was still negative at $(221.8) million in Q1 2026, underscoring the company’s stretched capital structure.

Looking at the last four years, the trend is mixed. Revenue has been relatively stable, generally ranging from about $120 million to $150 million per quarter, but profitability has been inconsistent and often negative. WTI did briefly show positive net income in some periods, including Q3 2023, yet more recent quarters have moved back into losses. The biggest recurring challenge is that non-operating costs, depreciation, and liability-related items continue to pressure earnings even when the core oil and gas business is producing a gross profit.

From a financial stability standpoint, the company is better positioned on liquidity than on solvency. Cash remains healthy and current assets are sizable, but current liabilities are also large, and total equity remains underwater. For retail investors, the key takeaway is that W&T Offshore can still produce meaningful revenue and occasional operating profits, but its debt load and long-term obligations make the stock highly sensitive to commodity prices and execution.

05/18/26 06:23 PM ETAI Generated. May Contain Errors.

W&T Offshore Financials - Frequently Asked Questions

According to the most recent income statement we have on file, W&T Offshore's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

W&T Offshore's net income appears to be on a downward trend, with a most recent value of -$150.06 million in 2025, falling from -$1.04 billion in 2015. The previous period was -$87.15 million in 2024. See W&T Offshore's forecast for analyst expectations on what's next for the company.

W&T Offshore's total operating income in 2025 was -$52.80 million, based on the following breakdown:
  • Total Gross Profit: $501.46 million
  • Total Operating Expenses: $554.27 million

Over the last 10 years, W&T Offshore's total revenue changed from $507.27 million in 2015 to $501.46 million in 2025, a change of -1.1%.

W&T Offshore's total liabilities were at $1.13 billion at the end of 2025, a 0.2% decrease from 2024, and a 35.0% decrease since 2015.

In the past 10 years, W&T Offshore's cash and equivalents has ranged from $32.43 million in 2019 to $461.36 million in 2022, and is currently $140.56 million as of their latest financial filing in 2025.

Over the last 10 years, W&T Offshore's book value per share changed from -6.93 in 2015 to -1.34 in 2025, a change of -80.6%.


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Financial statements for NYSE:WTI last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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