W&T Offshore, Inc. (WTI) — Financial statements
Income statement, balance sheet, and cash flow for W&T Offshore, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 501↓4.5% | 525↓1.4% | 533↓42.2% | 921↑65.1% | 558 | |
| Cost of Revenue | 142↓17.0% | 171↑21.5% | 141↓0.9% | 142↑20.1% | 118 | |
| Gross Profit | 359↑1.5% | 354↓9.6% | 392↓49.7% | 779↑77.2% | 440 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 379↑4.1% | 364↑9.2% | 333↑11.8% | 298↑31.4% | 227 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 379↑4.1% | 364↑9.2% | 333↑11.8% | 298↑31.4% | 227 | |
| Other Expenses | 33↑3.1% | 32↑11.6% | 29↑9.5% | 27↑15.6% | 23 | |
| Operating Expenses | 412↑4.0% | 396↑9.4% | 362↑11.6% | 325↑29.9% | 250 | |
| Total Costs & Expenses | 554↓2.3% | 567↑12.8% | 503↑7.8% | 467↑26.8% | 368 | |
| Operating Results | ||||||
| Operating Income | -53↓25.1% | -42↓243.1% | 29↓93.5% | 454↑139.4% | 190 | |
| Depreciation & Amortization | 150↓14.6% | 175↑22.1% | 144↑7.5% | 134↑17.8% | 113 | |
| EBITDA | 87↓26.6% | 119↓46.6% | 222↓54.4% | 488↑264.2% | 134 | |
| EBIT | -63↓10.5% | -57↓172.1% | 79↓77.8% | 354↑1626.9% | 21 | |
| Interest & Other Income | ||||||
| Net Interest Income | -36↑9.8% | -40↑9.5% | -45↑35.6% | -69↑0.9% | -70 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 36↓9.8% | 40↓9.5% | 45↓35.6% | 69↓0.9% | 70 | |
| Non-Operating Income | 10↓32.1% | 14↑129.5% | -49↓149.2% | 100↓41.0% | 169 | |
| Other Income / Expenses | -46↑15.7% | -55↓1334.8% | 4↑102.6% | -169↑29.2% | -239 | |
| Income Before Tax | -99↓2.1% | -97↓386.2% | 34↓88.1% | 285↑675.0% | -50 | |
| Income Tax Expense | 51↑610.0% | -10↓154.4% | 18↓65.8% | 54↑766.0% | -8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -150↓72.2% | -87↓658.7% | 16↓93.3% | 231↑657.3% | -41 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -150↓72.2% | -87↓658.7% | 16↓93.3% | 231↑657.3% | -41 | |
| Bottom-Line Net Income | -150↓72.2% | -87↓658.7% | 16↓93.3% | 231↑657.3% | -41 | |
| EPS (Basic) | -1.01↓71.2% | -0.59↓636.4% | 0.11↓93.2% | 1.61↑655.2% | -0.29 | |
| EPS (Diluted) | -1.01↓71.2% | -0.59↓636.4% | 0.11↓93.1% | 1.59↑648.3% | -0.29 | |
| Weighted Average Shares | 148↑0.7% | 147↑0.4% | 146↑2.3% | 143↑0.6% | 142 | |
| Weighted Average Diluted Shares | 148↑0.7% | 147↓0.8% | 148↑2.2% | 145↑2.0% | 142 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.