W&T OFFSHORE INC WTI

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

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.

Last close 4.19 2026-10-23
Market cap $632.5M 2026-06-30 share count
52-week range 1.50 - 5.08

Valuation FY2025 figures against the last close

P/S1.3x
P/E—
P/FCF8.2x
EV/EBITDA13.2x
Dividend yield0.9%
Diluted EPS-1.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 -1.01-0.590.111.61-0.290.260.52———
EPS, diluted -1.01-0.590.111.59-0.290.260.521.720.56-2.60
Shares, diluted (wtd. avg.) 148.2M147.1M148.3M145.1M142.3M143.3M143.7M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 400M Net income, FY2016: -249M Revenue, FY2017: 487.1M Net income, FY2017: 79.7M Revenue, FY2018: 580.7M Net income, FY2018: 248.8M Revenue, FY2019: 534.9M Net income, FY2019: 74.1M Revenue, FY2020: 346.6M Net income, FY2020: 37.8M Revenue, FY2021: 558M Net income, FY2021: -41.5M Revenue, FY2022: 921M Net income, FY2022: 231.1M Revenue, FY2023: 532.7M Net income, FY2023: 15.6M Revenue, FY2024: 525.3M Net income, FY2024: -87.1M Revenue, FY2025: 501.5M Net income, FY2025: -150.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $400.0M $487.1M $580.7M $534.9M $346.6M $558.0M $921.0M $532.7M $525.3M $501.5M
Gross profit — — — — — — — — — —
Net income -$249.0M $79.7M $248.8M $74.1M $37.8M -$41.5M $231.1M $15.6M -$87.1M -$150.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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