See more : POSTPRIME INC (198A.T) Income Statement Analysis – Financial Results
Complete financial analysis of W&T Offshore, Inc. (WTI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of W&T Offshore, Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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W&T Offshore, Inc. (WTI)
About W&T Offshore, Inc.
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 532.66M | 921.00M | 558.01M | 346.63M | 534.90M | 580.71M | 487.10M | 399.99M | 507.27M | 948.71M | 984.09M | 874.49M | 971.05M | 705.78M | 611.00M | 1.22B | 1.11B | 800.47M | 585.14M | 508.72M | 422.59M | 191.34M | 169.59M | 104.05M |
| Cost of Revenue | 283.93M | 393.17M | 141.37M | 141.23M | 176.97M | 174.07M | 177.86M | 236.43M | 414.23M | 538.86M | 476.17M | 376.95M | 21.20M | 17.68M | 219.09M | 24.78M | 250.28M | 127.35M | 84.46M | 96.37M | 75.86M | 3.75M | 92.44M | 45.25M |
| Gross Profit | 248.73M | 527.83M | 416.64M | 205.40M | 357.92M | 406.64M | 309.23M | 163.56M | 93.04M | 409.85M | 507.91M | 497.54M | 949.85M | 688.11M | 391.91M | 1.19B | 863.47M | 673.12M | 500.68M | 412.35M | 346.73M | 187.59M | 77.15M | 58.80M |
| Gross Profit Ratio | 46.70% | 57.31% | 74.67% | 59.26% | 66.91% | 70.02% | 63.49% | 40.89% | 18.34% | 43.20% | 51.61% | 56.89% | 97.82% | 97.50% | 64.14% | 97.96% | 77.53% | 84.09% | 85.57% | 81.06% | 82.05% | 98.04% | 45.49% | 56.51% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 77.74M | 73.75M | 226.98M | 204.60M | 239.39M | 213.41M | 203.48M | 212.14M | 265.88M | 351.75M | 352.71M | 314.28M | 91.22M | 53.29M | 42.99M | 47.23M | 38.85M | 42.12M | 28.42M | 25.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | -2.20M | 0.00 | 0.00 | 0.00 | 0.00 | 24.21M | 20.44M | 22.93M | 17.16M | 19.82M | 17.51M | 14.88M | -16.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 75.54M | 73.75M | 226.98M | 204.60M | 239.39M | 213.41M | 203.48M | 212.14M | 265.88M | 351.75M | 352.71M | 314.28M | 74.30M | 53.29M | 42.99M | 47.23M | 38.85M | 42.12M | 28.42M | 25.00M | 30.36M | 10.06M | 9.68M | 6.40M |
| Other Expenses | 141.49M | 224.41M | 6.17M | -2.98M | -188.00K | 3.87M | -4.81M | 6.52M | -4.66M | 208.00K | 9.07M | 215.00K | 547.99M | 464.96M | 553.83M | 767.99M | 553.36M | 300.89M | 174.77M | 181.02M | 166.91M | 130.13M | 9.68M | 6.40M |
| Operating Expenses | 219.24M | 298.16M | 226.98M | 204.60M | 239.39M | 213.41M | 203.48M | 212.14M | 265.88M | 351.75M | 352.71M | 314.28M | 620.39M | 521.32M | 392.90M | 2.02B | 592.21M | 343.01M | 203.19M | 181.02M | 166.91M | 130.13M | 9.68M | 6.40M |
| Cost & Expenses | 503.16M | 466.92M | 368.35M | 345.83M | 416.36M | 387.48M | 381.35M | 448.57M | 680.11M | 890.61M | 828.89M | 691.23M | 641.59M | 538.99M | 611.98M | 2.02B | 842.49M | 470.36M | 287.65M | 277.38M | 242.76M | 133.88M | 102.12M | 51.65M |
| Interest Income | 0.00 | 69.44M | 70.05M | 61.46M | 59.57M | 0.00 | 315.00K | 7.89M | 0.00 | 0.00 | 0.00 | 0.00 | 84.00K | 710.00K | 842.00K | 0.00 | 0.00 | 0.00 | 2.75M | 276.00K | 279.00K | 49.00K | 0.00 | 0.00 |
| Interest Expense | 44.69M | 69.44M | 70.05M | 61.46M | 59.57M | 48.65M | 45.84M | 92.27M | 97.34M | 78.40M | 75.58M | 49.99M | 42.52M | 37.71M | 40.09M | 34.71M | 37.09M | 17.18M | 1.15M | 2.12M | 2.51M | 3.05M | 0.00 | 0.00 |
| Depreciation & Amortization | 143.70M | 133.63M | 113.45M | 120.28M | 148.50M | 149.85M | 155.68M | 211.61M | 394.07M | 511.10M | 451.53M | 356.23M | 328.79M | 294.10M | 345.64M | 521.78M | 539.38M | 339.04M | 184.18M | 165.27M | 144.13M | 89.94M | 0.00 | 0.00 |
| EBITDA | 222.33M | 587.71M | 301.01M | 144.89M | 207.15M | 396.88M | 265.63M | 11.48M | -756.30M | 573.17M | 598.26M | 525.76M | 635.64M | 461.60M | 120.59M | -272.00M | 763.75M | 669.16M | 481.66M | 396.60M | 323.96M | 147.40M | 67.47M | 52.40M |
| EBITDA Ratio | 41.74% | 62.26% | 55.42% | 34.07% | 49.89% | 59.75% | 52.68% | 42.39% | 42.69% | 60.02% | 62.58% | 61.72% | 67.80% | 65.40% | 56.41% | -22.38% | 79.69% | 82.95% | 85.41% | 77.86% | 76.39% | 77.04% | 39.79% | 50.36% |
| Operating Income | 29.49M | 454.08M | 189.66M | -2.18M | 118.35M | 247.03M | 109.95M | -330.57M | -1.15B | 62.07M | 146.73M | 169.31M | 329.46M | 166.79M | -219.86M | -807.15M | 249.25M | 317.62M | 288.43M | 231.33M | 179.82M | 57.46M | 67.47M | 52.40M |
| Operating Income Ratio | 5.54% | 49.30% | 33.99% | -0.63% | 22.13% | 42.54% | 22.57% | -82.64% | -225.86% | 6.54% | 14.91% | 19.36% | 33.93% | 23.63% | -35.98% | -66.40% | 22.38% | 39.68% | 49.29% | 45.47% | 42.55% | 30.03% | 39.79% | 50.36% |
| Total Other Income/Expenses | 4.45M | -169.27M | -239.20M | 6.84M | -119.64M | 2.34M | -42.84M | 38.17M | -102.00M | -78.19M | -66.64M | -49.78M | -65.13M | -37.00M | -42.17M | -21.34M | -33.49M | -11.26M | 1.60M | -1.84M | -2.23M | -3.00M | -3.90M | -4.20M |
| Income Before Tax | 33.94M | 284.81M | -49.54M | 7.64M | -1.11M | 249.36M | 67.11M | -292.40M | -1.25B | -16.12M | 80.10M | 119.53M | 264.33M | 129.79M | -262.03M | -828.48M | 215.76M | 306.35M | 290.03M | 229.49M | 177.59M | 54.46M | 63.57M | 48.20M |
| Income Before Tax Ratio | 6.37% | 30.92% | -8.88% | 2.20% | -0.21% | 42.94% | 13.78% | -73.10% | -245.97% | -1.70% | 8.14% | 13.67% | 27.22% | 18.39% | -42.89% | -68.15% | 19.37% | 38.27% | 49.57% | 45.11% | 42.03% | 28.46% | 37.48% | 46.33% |
| Income Tax Expense | 18.35M | 53.66M | -8.06M | -30.15M | -75.19M | 535.00K | -12.57M | -43.38M | -202.98M | -4.46M | 28.77M | 47.55M | 91.52M | 11.90M | -74.11M | -269.66M | 71.46M | 107.25M | 101.00M | 80.01M | 61.16M | 52.41M | 0.00 | 0.00 |
| Net Income | 15.60M | 231.15M | -41.48M | 37.79M | 74.09M | 248.83M | 79.68M | -249.02M | -1.04B | -11.66M | 51.32M | 71.98M | 172.82M | 117.89M | -187.92M | -558.82M | 144.30M | 199.10M | 189.02M | 149.48M | 116.58M | 2.05M | 63.57M | 48.20M |
| Net Income Ratio | 2.93% | 25.10% | -7.43% | 10.90% | 13.85% | 42.85% | 16.36% | -62.26% | -205.95% | -1.23% | 5.22% | 8.23% | 17.80% | 16.70% | -30.76% | -45.97% | 12.96% | 24.87% | 32.30% | 29.38% | 27.59% | 1.07% | 37.48% | 46.33% |
| EPS | 0.11 | 1.61 | -0.29 | 0.26 | 0.52 | 1.79 | 0.56 | -2.60 | -13.76 | -0.15 | 0.68 | 0.95 | 2.29 | 1.58 | -2.51 | -7.36 | 1.90 | 2.84 | 2.91 | 2.82 | 2.14 | 0.04 | 1.21 | 0.91 |
| EPS Diluted | 0.11 | 1.59 | -0.29 | 0.26 | 0.52 | 1.79 | 0.56 | -2.60 | -13.76 | -0.15 | 0.68 | 0.95 | 2.29 | 1.58 | -2.51 | -7.36 | 1.90 | 2.84 | 2.87 | 2.27 | 1.79 | 0.03 | 0.97 | 0.74 |
| Weighted Avg Shares Out | 146.48M | 143.14M | 142.27M | 141.62M | 140.58M | 139.00M | 137.62M | 95.64M | 75.93M | 75.61M | 75.24M | 74.35M | 74.03M | 73.69M | 74.85M | 75.92M | 75.79M | 70.11M | 64.96M | 52.69M | 51.73M | 52.69M | 52.69M | 52.69M |
| Weighted Avg Shares Out (Dil) | 148.30M | 145.09M | 142.27M | 141.62M | 140.58M | 139.00M | 137.62M | 95.64M | 75.93M | 75.61M | 75.24M | 74.35M | 74.03M | 73.69M | 74.85M | 75.92M | 75.94M | 70.11M | 65.86M | 65.45M | 61.85M | 65.45M | 65.45M | 65.45M |
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Oil traders remain worried about weak demand.
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Demand worries put pressure on oil markets.
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Israel and Hezbollah accused each other of ceasefire violation, providing support to oil markets.
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Gasoline inventories increased by 3.3 million barrels from the previous week.
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Source: https://incomestatements.info
Category: Stock Reports
What were W&T Offshore’s Q3 2024 financial highlights?
Production: 31,000 barrels of oil equivalent per day in Q3 2024. Lease Operating Expenses: $72.4 million in Q3 2024, 6% below guidance range. Cash on Hand: $126.5 million at the end of Q3 2024. Net Debt: Reduced to $266 million.