W&T OFFSHORE INC WTI
W&T Offshore, Inc. ("we," "our" or "us") is a publicly held Texas corporation. We are an independent oil and natural gas producer with substantially all our operations offshore in the Gulf of America. We are active in the acquisition, exploration and development of oil and natural gas properties. We operate in one reportable segment.
Since our founding in 1983 by our Chairman and Chief Executive Officer, Tracy Krohn, we have developed significant technical expertise in finding and developing properties in the Gulf of America with existing production which provide the best opportunity to achieve a return on our invested capital. We have successfully discovered and produced properties on the conventional shelf and in the deepwater across the Gulf of America.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $501.5M | $525.3M | $532.7M | $921.0M | $558.0M | $346.6M | $534.9M | $580.7M | $487.1M | $400.0M |
| SG&A | $80.0M | $82.4M | $75.5M | $73.7M | $52.4M | $41.7M | $55.1M | $60.1M | $59.7M | $59.7M |
| Total operating expenses | $554.3M | $567.5M | $503.2M | $466.9M | $368.3M | $345.8M | $416.4M | $333.7M | $377.1M | $730.6M |
| Operating income | -$52.8M | -$42.2M | $29.5M | $454.1M | $189.7M | $801.0K | $118.5M | $247.0M | $110.0M | -$330.6M |
| Interest expense | — | — | $44.7M | $69.4M | $70.0M | $61.5M | $59.6M | $48.6M | $45.5M | — |
| Pre-tax income | -$99.1M | -$97.1M | $33.9M | $284.8M | -$49.5M | $7.6M | -$1.1M | $249.4M | $67.1M | -$292.4M |
| Income tax | $50.9M | $10.0M | $18.3M | $53.7M | $8.1M | $30.2M | $75.2M | $535.0K | $12.6M | $43.4M |
| Net income | -$150.1M | -$87.1M | $15.6M | $231.1M | -$41.5M | $37.8M | $74.1M | $248.8M | $79.7M | -$249.0M |
| EPS, basic | -1.01 | -0.59 | 0.11 | 1.61 | -0.29 | 0.26 | 0.52 | — | — | — |
| EPS, diluted | -1.01 | -0.59 | 0.11 | 1.59 | -0.29 | 0.26 | 0.52 | 1.72 | 0.56 | -2.60 |
| Shares, diluted (wtd. avg.) | $148.2M | $147.1M | $148.3M | $145.1M | $142.3M | $143.3M | $143.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $140.6M | $109.0M | $173.3M | $461.4M | $245.8M | $43.7M | $32.4M | $33.3M | $99.1M | $70.2M |
| Receivables | $59.6M | $63.6M | $52.1M | $66.1M | $54.9M | $38.8M | $57.4M | $47.8M | $45.4M | $43.1M |
| Total current assets | $239.3M | $218.5M | $265.0M | $570.3M | $358.3M | $107.2M | $141.8M | $226.2M | $190.7M | $191.7M |
| Property, plant and equipment | $662.1M | $777.7M | $749.1M | $735.2M | $665.3M | $686.9M | $748.8M | $515.4M | $579.0M | $547.1M |
| Total assets | $955.8M | $1.10B | $1.11B | $1.43B | $1.19B | $940.6M | $1.00B | $848.9M | $907.6M | $829.7M |
| Accounts payable | $98.4M | $83.6M | $78.9M | $65.2M | $67.4M | $41.3M | $102.3M | $82.1M | $79.7M | $81.0M |
| Short-term debt | $8.5M | $27.3M | $29.4M | $582.2M | $43.0M | — | — | — | $22.9M | $8.3M |
| Total current liabilities | $234.3M | $246.1M | $216.9M | $792.3M | $324.4M | $115.0M | $190.0M | $186.3M | $168.3M | $203.0M |
| Long-term debt | $342.4M | $365.9M | $361.2M | $111.2M | $687.9M | $625.3M | $719.5M | $633.5M | $969.1M | $1.01B |
| Retained earnings | -$780.3M | -$623.8M | -$530.7M | -$544.8M | -$775.9M | -$734.5M | -$772.2M | -$846.3M | -$1.10B | -$1.17B |
| Total equity | -$199.8M | -$52.6M | $31.2M | $7.6M | -$247.2M | -$208.3M | -$249.4M | -$324.8M | -$573.5M | -$659.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77.2M | $59.5M | $115.3M | $339.5M | $133.7M | $108.5M | $232.2M | $321.8M | $159.4M | $14.2M |
| Depreciation and amortisation | $116.4M | $143.0M | $114.7M | $107.1M | $90.5M | $97.8M | $129.0M | $131.4M | $138.5M | $194.0M |
| Stock-based compensation | $12.2M | $10.2M | $10.4M | $7.9M | $3.4M | $4.0M | $3.7M | $3.5M | $7.2M | $11.0M |
| Capital expenditure | — | — | — | — | — | — | — | $16.8M | — | — |
| Investing cash flow | $21.9M | -$118.2M | -$81.6M | -$95.1M | -$27.4M | -$47.6M | -$313.8M | -$66.4M | -$107.1M | -$82.4M |
| Financing cash flow | -$69.0M | -$8.6M | -$321.7M | -$28.9M | $100.3M | -$49.6M | $80.7M | -$321.1M | -$23.5M | $53.0M |
| Dividends paid | $6.0M | $5.9M | $1.5M | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-047016.
Others in SIC 1311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |