See more : Fairfax India Holdings Corporation (FFXDF) 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 |
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Gains 2.5% As Francine Disrupts Production In GoM
Hurricane Francine reduced production in the U.S. Gulf of Mexico, which was bullish for oil markets.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Yearly Lows
Hurricane Francine caused production shut-ins in the U.S. Gulf of Mexico, which was bullish for oil prices.
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 4.5% As OPEC Cuts Demand Forecasts
Oil markets suffered a strong sell-off amid demand concerns.
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Oil prices rebound from yearly lows.
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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows On Demand Concerns
Oil traders stay focused on economic data from the U.S. and China.
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Oil traders remain bearish despite the delay in OPEC+ production hike.
Why Is W&T (WTI) Down 9.6% Since Last Earnings Report?
W&T (WTI) reported earnings 30 days ago. What's next for the stock?
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows On Demand Worries
Oil traders stay focused on the recent economic data from the U.S. and China.
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 5% On Demand Worries
China's economic problems and the potential return of Libyan exports put significant pressure on oil markets.
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.