W&T Offshore, Inc. (WTI) 10-Year Financial Performance & Capital Metrics

WTI • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

AboutW&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.Show more

Revenue $525M -1.4%
EBITDA $133M -23.1%
Net Income -$87M -658.7%
EPS (Diluted) -0.59 -636.4%
Gross Margin 67.41% -8.3%
EBITDA Margin 25.36% -22.0%
Operating Margin -8.03% -245.1%
Net Margin -16.59% -666.6%
ROE -
ROIC -12.81% -248.5%
Debt/Equity -
Interest Coverage -1.04 -258.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 1554.1%
✓Healthy dividend yield of 2.1%

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.74%

5Y-0.36%

3Y-2%

TTM-6.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-127.78%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.65%

ROCE

10Y Avg4.07%

5Y Avg16.34%

3Y Avg19.74%

Latest-4.82%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	507.26M	399.99M	487.1M	580.71M	534.9M	346.63M	558.01M	921M	532.66M	525.26M
Revenue Growth %	-0.47%	-0.21%	0.22%	0.19%	-0.08%	-0.35%	0.61%	0.65%	-0.42%	-0.01%
Cost of Goods Sold+	414.23M	236.43M	177.86M	174.07M	157.51M	118.71M	118.44M	142.25M	140.93M	171.2M
COGS % of Revenue	0.82%	0.59%	0.37%	0.3%	0.29%	0.34%	0.21%	0.15%	0.26%	0.33%
Gross Profit+	93.03M	163.56M	309.23M	406.64M	377.38M	227.92M	439.57M	778.75M	391.73M	354.06M
Gross Margin %	0.18%	0.41%	0.63%	0.7%	0.71%	0.66%	0.79%	0.85%	0.74%	0.67%
Gross Profit Growth %	-0.77%	0.76%	0.89%	0.31%	-0.07%	-0.4%	0.93%	0.77%	-0.5%	-0.1%
Operating Expenses+	265.88M	212.14M	203.48M	213.41M	258.85M	227.12M	249.91M	324.67M	362.24M	396.25M
OpEx % of Revenue	0.52%	0.53%	0.42%	0.37%	0.48%	0.66%	0.45%	0.35%	0.68%	0.75%
Selling, General & Admin	73.11M	59.74M	59.74M	60.15M	239.39M	204.6M	226.98M	298.16M	333.22M	363.88M
SG&A % of Revenue	0.14%	0.15%	0.12%	0.1%	0.45%	0.59%	0.41%	0.32%	0.63%	0.69%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-4.66M	6.52M	-4.81M	3.87M	19.46M	22.52M	22.93M	26.51M	29.02M	32.37M
Operating Income+	-1.15B	-330.57M	109.95M	247.03M	118.54M	801K	189.66M	454.08M	29.49M	-42.19M
Operating Margin %	-2.26%	-0.83%	0.23%	0.43%	0.22%	0%	0.34%	0.49%	0.06%	-0.08%
Operating Income Growth %	-19.46%	0.71%	1.33%	1.25%	-0.52%	-0.99%	235.78%	1.39%	-0.94%	-2.43%
EBITDA+	-751.63M	-118.96M	265.63M	396.88M	267.03M	121.08M	303.11M	587.71M	173.19M	133.21M
EBITDA Margin %	-1.48%	-0.3%	0.55%	0.68%	0.5%	0.35%	0.54%	0.64%	0.33%	0.25%
EBITDA Growth %	-2.31%	0.84%	3.23%	0.49%	-0.33%	-0.55%	1.5%	0.94%	-0.71%	-0.23%
D&A (Non-Cash Add-back)	394.07M	211.61M	155.68M	149.85M	148.5M	120.28M	113.45M	133.63M	143.69M	175.4M
EBIT	-1.15B	-208.01M	112.63M	298.01M	58.46M	69.1M	20.51M	354.25M	78.63M	-56.68M
Net Interest Income+	-97.34M	-84.38M	-45.52M	-48.65M	-59.57M	-61.46M	-70.05M	-69.44M	-44.69M	-40.45M
Interest Income	0	7.89M	315K	0	0	0	0	0	0	0
Interest Expense	97.34M	92.27M	45.84M	48.65M	59.57M	61.46M	70.05M	69.44M	44.69M	40.45M
Other Income/Expense	-102M	38.17M	-42.84M	2.33M	-119.64M	6.84M	-239.2M	-169.27M	4.45M	-54.94M
Pretax Income+	-1.25B	-292.4M	67.11M	249.36M	-1.11M	7.64M	-49.53M	284.81M	33.94M	-97.13M
Pretax Margin %	-2.46%	-0.73%	0.14%	0.43%	-0%	0.02%	-0.09%	0.31%	0.06%	-0.18%
Income Tax+	-202.98M	-43.38M	-12.57M	535K	-75.19M	-30.15M	-8.06M	53.66M	18.34M	-9.98M
Effective Tax Rate %	0.84%	0.85%	1.19%	1%	-66.86%	4.95%	0.84%	0.81%	0.46%	0.9%
Net Income+	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Net Margin %	-2.06%	-0.62%	0.16%	0.43%	0.14%	0.11%	-0.07%	0.25%	0.03%	-0.17%
Net Income Growth %	-88.59%	0.76%	1.32%	2.12%	-0.7%	-0.49%	-2.1%	6.57%	-0.93%	-6.59%
Net Income (Continuing)	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-13.76	-2.60	0.56	1.79	0.52	0.26	-0.29	1.59	0.11	-0.59
EPS Growth %	-90.73%	0.81%	1.22%	2.2%	-0.71%	-0.5%	-2.12%	6.48%	-0.93%	-6.36%
EPS (Basic)	-13.76	-2.60	0.56	1.79	0.52	0.26	-0.29	1.61	0.11	-0.59
Diluted Shares Outstanding	75.93M	95.64M	137.62M	139M	140.58M	141.62M	142.27M	145.09M	148.3M	147.13M
Basic Shares Outstanding	75.93M	95.64M	137.62M	139M	140.58M	141.62M	142.27M	143.14M	146.48M	147.13M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.09%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	169.31M	191.74M	190.68M	226.21M	141.75M	107.23M	358.26M	570.26M	264.98M	218.46M
Cash & Short-Term Investments	85.41M	70.24M	99.06M	33.29M	32.43M	43.73M	245.8M	461.36M	173.34M	109M
Cash Only	85.41M	70.24M	99.06M	33.29M	32.43M	43.73M	245.8M	461.36M	173.34M	109M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	57.02M	107M	78.2M	116.51M	78.63M	49.67M	64.66M	80.15M	69.78M	89.4M
Days Sales Outstanding	41.03	97.64	58.6	73.23	53.65	52.3	42.3	31.76	47.81	62.12
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	2.88M	4.56M	76.41M	12.51M	7.53M	32.02M	16.14M	12.5M	9.91M
Total Non-Current Assets+	1.04B	637.99M	716.9M	622.65M	861.97M	833.35M	834.95M	861.53M	849.02M	880.47M
Property, Plant & Equipment	990.05M	547.05M	579.02M	515.42M	756.73M	698.39M	675.85M	745.58M	759.57M	787.79M
Fixed Asset Turnover	0.51x	0.73x	0.84x	1.13x	0.71x	0.50x	0.83x	1.24x	0.70x	0.67x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	15.61M	27.37M	2.51M	5.86M	7.9M	4.48M	5.04M	11.77M	13.88M	15.33M
Other Non-Current Assets	21.07M	63.56M	135.37M	101.37M	33.42M	36.16M	51.55M	46.89M	36.8M	28.55M
Total Assets+	1.21B	829.73M	907.58M	848.87M	1B	940.58M	1.19B	1.43B	1.11B	1.1B
Asset Turnover	0.42x	0.48x	0.54x	0.68x	0.53x	0.37x	0.47x	0.64x	0.48x	0.48x
Asset Growth %	-0.55%	-0.31%	0.09%	-0.06%	0.18%	-0.06%	0.27%	0.2%	-0.22%	-0.01%
Total Current Liabilities+	227.49M	203.03M	168.26M	186.29M	189.96M	115M	324.38M	792.33M	216.85M	246.08M
Accounts Payable	109.8M	81.04M	79.67M	82.07M	102.34M	41.3M	67.41M	65.16M	78.86M	83.63M
Days Payables Outstanding	96.75	125.11	163.49	172.08	237.16	127	207.73	167.19	204.24	178.29
Short-Term Debt	0	8.27M	22.93M	0	0	0	42.96M	582.25M	29.37M	27.29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	84.33M	78.26M	35.72M	62.09M	38.85M	38.12M	152.95M	117.07M	82.92M	105.63M
Current Ratio	0.74x	0.94x	1.13x	1.21x	0.75x	0.93x	1.10x	0.72x	1.22x	0.89x
Quick Ratio	0.74x	0.94x	1.13x	1.21x	0.75x	0.93x	1.10x	0.72x	1.22x	0.89x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.51B	1.29B	1.31B	987.37M	1.06B	1.03B	1.12B	631.82M	865.96M	905.42M
Long-Term Debt	1.2B	1.01B	969.13M	633.53M	719.53M	625.29M	687.94M	111.19M	361.24M	365.94M
Capital Lease Obligations	0	0	0	0	4.42M	11.36M	11.23M	10.53M	10.8M	0
Deferred Tax Liabilities	0	0	0	0	0	128K	113K	72K	51K	0
Other Non-Current Liabilities	310.17M	273.28M	343.7M	353.83M	339.17M	397.09M	416.73M	510.04M	493.87M	539.49M
Total Liabilities	1.73B	1.49B	1.48B	1.17B	1.25B	1.15B	1.44B	1.42B	1.08B	1.15B
Total Debt+	1.2B	1.02B	992.05M	633.53M	726.67M	637.04M	743.24M	705.59M	402.86M	394.75M
Net Debt	1.11B	950.49M	892.99M	600.24M	694.24M	593.31M	497.44M	244.24M	229.52M	285.74M
Debt / Equity	-	-	-	-	-	-	-	92.43x	12.92x	-
Debt / EBITDA	-	-	3.73x	1.60x	2.72x	5.26x	2.45x	1.20x	2.33x	2.96x
Net Debt / EBITDA	-	-	3.36x	1.51x	2.60x	4.90x	1.64x	0.42x	1.33x	2.15x
Interest Coverage	-11.77x	-3.58x	2.40x	5.08x	1.99x	0.01x	2.71x	6.54x	0.66x	-1.04x
Total Equity+	-526.49M	-659.04M	-573.51M	-324.8M	-249.37M	-208.29M	-247.18M	7.63M	31.19M	-52.58M
Equity Growth %	-2.03%	-0.25%	0.13%	0.43%	0.23%	0.16%	-0.19%	1.03%	3.09%	-2.69%
Book Value per Share	-6.93	-6.89	-4.17	-2.34	-1.77	-1.47	-1.74	0.05	0.21	-0.36
Total Shareholders' Equity	-526.49M	-659.04M	-573.51M	-324.8M	-249.37M	-208.29M	-247.18M	7.63M	31.19M	-52.58M
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K	1K	2K
Retained Earnings	-925.82M	-1.17B	-1.1B	-846.34M	-772.25M	-734.46M	-775.94M	-544.79M	-530.66M	-623.82M
Treasury Stock	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M
Accumulated OCI	-6.93B	-7.41B	-7.54B	-7.67B	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	132.55M	14.18M	159.41M	321.76M	232.23M	108.51M	133.67M	339.53M	115.33M	59.54M
Operating CF Margin %	0.26%	0.04%	0.33%	0.55%	0.43%	0.31%	0.24%	0.37%	0.22%	0.11%
Operating CF Growth %	-0.74%	-0.89%	10.24%	1.02%	-0.28%	-0.53%	0.23%	1.54%	-0.66%	-0.48%
Net Income	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Depreciation & Amortization	394.07M	211.61M	155.68M	149.85M	148.5M	120.28M	113.45M	133.63M	143.69M	175.4M
Stock-Based Compensation	10.24M	11.01M	7.19M	3.54M	3.69M	3.96M	3.36M	7.92M	10.38M	10.19M
Deferred Taxes	-203.27M	28.39M	217K	500K	-64.1M	-30.29M	-8.19M	45.18M	18.48M	-10.08M
Other Non-Cash Items	951.42M	93.04M	-78.5M	-154.84M	67.9M	-22.59M	32.78M	-71.13M	-90.68M	5.5M
Working Capital Changes	24.81M	-80.85M	-4.86M	73.88M	2.16M	-651K	33.75M	-7.22M	17.85M	-34.33M
Change in Receivables	32.24M	-7M	-2.37M	-2.36M	-14.33M	27.1M	-16.09M	-11.23M	12.59M	-19.62M
Change in Inventory	14.63M	-63.77M	36.05M	19.53M	0	0	-4.01M	0	0	0
Change in Payables	-46.87M	6.5M	10.97M	40.08M	-11.04M	-41.35M	46.1M	-12.03M	10.72M	26.43M
Cash from Investing+	86.08M	-82.4M	-107.11M	-66.39M	-313.81M	-47.62M	-27.44M	-95.08M	-81.61M	-118.18M
Capital Expenditures	-231.44M	-48.7M	-130.98M	-122.97M	-325.92M	-21.08M	-32.72M	-93.19M	-81.07M	-118.18M
CapEx % of Revenue	0.46%	0.12%	0.27%	0.21%	0.61%	0.06%	0.06%	0.1%	0.15%	0.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	317.51M	-33.69M	23.87M	56.59M	12.11M	-26.54M	5.28M	-1.89M	-535K	0
Cash from Financing+	-156.88M	53.04M	-23.48M	-321.14M	80.73M	-49.6M	100.27M	-28.89M	-321.74M	-8.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-1.47M	-5.9M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-212K	-19.39M	-9.05M	-63.95M	-3.27M	-670K	-10.59M	-2.39M	-8.34M	-1.56M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-98.89M	-34.52M	28.43M	198.79M	-93.7M	87.43M	100.94M	246.34M	34.25M	-58.64M
FCF Margin %	-0.19%	-0.09%	0.06%	0.34%	-0.18%	0.25%	0.18%	0.27%	0.06%	-0.11%
FCF Growth %	0.17%	0.65%	1.82%	5.99%	-1.47%	1.93%	0.15%	1.44%	-0.86%	-2.71%
FCF per Share	-1.30	-0.36	0.21	1.43	-0.67	0.62	0.71	1.70	0.23	-0.40
FCF Conversion (FCF/Net Income)	-0.13x	-0.06x	2.00x	1.29x	3.13x	2.87x	-3.22x	1.47x	7.39x	-0.68x
Interest Paid	0	0	0	0	0	59.18M	64.81M	71.13M	42.13M	0
Taxes Paid	0	0	0	0	0	159K	152K	8.2M	2.39M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	-	-	3027.89%	80.35%	-
Return on Invested Capital (ROIC)	-70.7%	-56.58%	27%	62.28%	24.68%	0.14%	44.78%	135.65%	8.63%	-12.81%
Gross Margin	18.34%	40.89%	63.48%	70.02%	70.55%	65.75%	78.77%	84.55%	73.54%	67.41%
Net Margin	-205.95%	-62.26%	16.36%	42.85%	13.85%	10.9%	-7.43%	25.1%	2.93%	-16.59%
Debt / Equity	-	-	-	-	-	-	-	92.43x	12.92x	-
Interest Coverage	-11.77x	-3.58x	2.40x	5.08x	1.99x	0.01x	2.71x	6.54x	0.66x	-1.04x
FCF Conversion	-0.13x	-0.06x	2.00x	1.29x	3.13x	2.87x	-3.22x	1.47x	7.39x	-0.68x
Revenue Growth	-46.53%	-21.15%	21.78%	19.22%	-7.89%	-35.2%	60.98%	65.05%	-42.17%	-1.39%

Revenue by Segment

	2018	2022	2023	2024
Oil and Condensate	-	524.27M	381.39M	395.62M
Oil and Condensate Growth	-	-	-27.25%	3.73%
Natural Gas, Production	-	323.83M	110.16M	90.88M
Natural Gas, Production Growth	-	-	-65.98%	-17.50%
Natural Gas Liquids	-	56.96M	32.45M	27.98M
Natural Gas Liquids Growth	-	-	-43.04%	-13.77%
Product and Service, Other	-	15.93M	8.66M	10.79M
Product and Service, Other Growth	-	-	-45.61%	24.51%
Oil And Condensate	438.8M	-	-	-
Oil And Condensate Growth	-	-	-	-
Natural Gas Production	99.63M	-	-	-
Natural Gas Production Growth	-	-	-	-
Natural Gas Midstream	37.13M	-	-	-
Natural Gas Midstream Growth	-	-	-	-
Product And Service Other	5.15M	-	-	-
Product And Service Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

W&T Offshore, Inc. (WTI) reported $500.1M in revenue for fiscal year 2024. This represents a 48% decrease from $971.0M in 2011.

W&T Offshore, Inc. (WTI) saw revenue decline by 1.4% over the past year.

W&T Offshore, Inc. (WTI) reported a net loss of $146.3M for fiscal year 2024.

Dividend & Returns

Yes, W&T Offshore, Inc. (WTI) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

W&T Offshore, Inc. (WTI) generated $11.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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W&T Offshore, Inc. (WTI) 10-Year Financial Performance & Capital Metrics

WTI • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

Revenue $525M -1.4%
EBITDA $133M -23.1%
Net Income -$87M -658.7%
EPS (Diluted) -0.59 -636.4%
Gross Margin 67.41% -8.3%
EBITDA Margin 25.36% -22.0%
Operating Margin -8.03% -245.1%
Net Margin -16.59% -666.6%
ROE -
ROIC -12.81% -248.5%
Debt/Equity -
Interest Coverage -1.04 -258.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 1554.1%
✓Healthy dividend yield of 2.1%

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.74%

5Y-0.36%

3Y-2%

TTM-6.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-127.78%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.65%

ROCE

10Y Avg4.07%

5Y Avg16.34%

3Y Avg19.74%

Latest-4.82%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	507.26M	399.99M	487.1M	580.71M	534.9M	346.63M	558.01M	921M	532.66M	525.26M
Revenue Growth %	-0.47%	-0.21%	0.22%	0.19%	-0.08%	-0.35%	0.61%	0.65%	-0.42%	-0.01%
Cost of Goods Sold+	414.23M	236.43M	177.86M	174.07M	157.51M	118.71M	118.44M	142.25M	140.93M	171.2M
COGS % of Revenue	0.82%	0.59%	0.37%	0.3%	0.29%	0.34%	0.21%	0.15%	0.26%	0.33%
Gross Profit+	93.03M	163.56M	309.23M	406.64M	377.38M	227.92M	439.57M	778.75M	391.73M	354.06M
Gross Margin %	0.18%	0.41%	0.63%	0.7%	0.71%	0.66%	0.79%	0.85%	0.74%	0.67%
Gross Profit Growth %	-0.77%	0.76%	0.89%	0.31%	-0.07%	-0.4%	0.93%	0.77%	-0.5%	-0.1%
Operating Expenses+	265.88M	212.14M	203.48M	213.41M	258.85M	227.12M	249.91M	324.67M	362.24M	396.25M
OpEx % of Revenue	0.52%	0.53%	0.42%	0.37%	0.48%	0.66%	0.45%	0.35%	0.68%	0.75%
Selling, General & Admin	73.11M	59.74M	59.74M	60.15M	239.39M	204.6M	226.98M	298.16M	333.22M	363.88M
SG&A % of Revenue	0.14%	0.15%	0.12%	0.1%	0.45%	0.59%	0.41%	0.32%	0.63%	0.69%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-4.66M	6.52M	-4.81M	3.87M	19.46M	22.52M	22.93M	26.51M	29.02M	32.37M
Operating Income+	-1.15B	-330.57M	109.95M	247.03M	118.54M	801K	189.66M	454.08M	29.49M	-42.19M
Operating Margin %	-2.26%	-0.83%	0.23%	0.43%	0.22%	0%	0.34%	0.49%	0.06%	-0.08%
Operating Income Growth %	-19.46%	0.71%	1.33%	1.25%	-0.52%	-0.99%	235.78%	1.39%	-0.94%	-2.43%
EBITDA+	-751.63M	-118.96M	265.63M	396.88M	267.03M	121.08M	303.11M	587.71M	173.19M	133.21M
EBITDA Margin %	-1.48%	-0.3%	0.55%	0.68%	0.5%	0.35%	0.54%	0.64%	0.33%	0.25%
EBITDA Growth %	-2.31%	0.84%	3.23%	0.49%	-0.33%	-0.55%	1.5%	0.94%	-0.71%	-0.23%
D&A (Non-Cash Add-back)	394.07M	211.61M	155.68M	149.85M	148.5M	120.28M	113.45M	133.63M	143.69M	175.4M
EBIT	-1.15B	-208.01M	112.63M	298.01M	58.46M	69.1M	20.51M	354.25M	78.63M	-56.68M
Net Interest Income+	-97.34M	-84.38M	-45.52M	-48.65M	-59.57M	-61.46M	-70.05M	-69.44M	-44.69M	-40.45M
Interest Income	0	7.89M	315K	0	0	0	0	0	0	0
Interest Expense	97.34M	92.27M	45.84M	48.65M	59.57M	61.46M	70.05M	69.44M	44.69M	40.45M
Other Income/Expense	-102M	38.17M	-42.84M	2.33M	-119.64M	6.84M	-239.2M	-169.27M	4.45M	-54.94M
Pretax Income+	-1.25B	-292.4M	67.11M	249.36M	-1.11M	7.64M	-49.53M	284.81M	33.94M	-97.13M
Pretax Margin %	-2.46%	-0.73%	0.14%	0.43%	-0%	0.02%	-0.09%	0.31%	0.06%	-0.18%
Income Tax+	-202.98M	-43.38M	-12.57M	535K	-75.19M	-30.15M	-8.06M	53.66M	18.34M	-9.98M
Effective Tax Rate %	0.84%	0.85%	1.19%	1%	-66.86%	4.95%	0.84%	0.81%	0.46%	0.9%
Net Income+	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Net Margin %	-2.06%	-0.62%	0.16%	0.43%	0.14%	0.11%	-0.07%	0.25%	0.03%	-0.17%
Net Income Growth %	-88.59%	0.76%	1.32%	2.12%	-0.7%	-0.49%	-2.1%	6.57%	-0.93%	-6.59%
Net Income (Continuing)	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-13.76	-2.60	0.56	1.79	0.52	0.26	-0.29	1.59	0.11	-0.59
EPS Growth %	-90.73%	0.81%	1.22%	2.2%	-0.71%	-0.5%	-2.12%	6.48%	-0.93%	-6.36%
EPS (Basic)	-13.76	-2.60	0.56	1.79	0.52	0.26	-0.29	1.61	0.11	-0.59
Diluted Shares Outstanding	75.93M	95.64M	137.62M	139M	140.58M	141.62M	142.27M	145.09M	148.3M	147.13M
Basic Shares Outstanding	75.93M	95.64M	137.62M	139M	140.58M	141.62M	142.27M	143.14M	146.48M	147.13M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.09%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	169.31M	191.74M	190.68M	226.21M	141.75M	107.23M	358.26M	570.26M	264.98M	218.46M
Cash & Short-Term Investments	85.41M	70.24M	99.06M	33.29M	32.43M	43.73M	245.8M	461.36M	173.34M	109M
Cash Only	85.41M	70.24M	99.06M	33.29M	32.43M	43.73M	245.8M	461.36M	173.34M	109M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	57.02M	107M	78.2M	116.51M	78.63M	49.67M	64.66M	80.15M	69.78M	89.4M
Days Sales Outstanding	41.03	97.64	58.6	73.23	53.65	52.3	42.3	31.76	47.81	62.12
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	2.88M	4.56M	76.41M	12.51M	7.53M	32.02M	16.14M	12.5M	9.91M
Total Non-Current Assets+	1.04B	637.99M	716.9M	622.65M	861.97M	833.35M	834.95M	861.53M	849.02M	880.47M
Property, Plant & Equipment	990.05M	547.05M	579.02M	515.42M	756.73M	698.39M	675.85M	745.58M	759.57M	787.79M
Fixed Asset Turnover	0.51x	0.73x	0.84x	1.13x	0.71x	0.50x	0.83x	1.24x	0.70x	0.67x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	15.61M	27.37M	2.51M	5.86M	7.9M	4.48M	5.04M	11.77M	13.88M	15.33M
Other Non-Current Assets	21.07M	63.56M	135.37M	101.37M	33.42M	36.16M	51.55M	46.89M	36.8M	28.55M
Total Assets+	1.21B	829.73M	907.58M	848.87M	1B	940.58M	1.19B	1.43B	1.11B	1.1B
Asset Turnover	0.42x	0.48x	0.54x	0.68x	0.53x	0.37x	0.47x	0.64x	0.48x	0.48x
Asset Growth %	-0.55%	-0.31%	0.09%	-0.06%	0.18%	-0.06%	0.27%	0.2%	-0.22%	-0.01%
Total Current Liabilities+	227.49M	203.03M	168.26M	186.29M	189.96M	115M	324.38M	792.33M	216.85M	246.08M
Accounts Payable	109.8M	81.04M	79.67M	82.07M	102.34M	41.3M	67.41M	65.16M	78.86M	83.63M
Days Payables Outstanding	96.75	125.11	163.49	172.08	237.16	127	207.73	167.19	204.24	178.29
Short-Term Debt	0	8.27M	22.93M	0	0	0	42.96M	582.25M	29.37M	27.29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	84.33M	78.26M	35.72M	62.09M	38.85M	38.12M	152.95M	117.07M	82.92M	105.63M
Current Ratio	0.74x	0.94x	1.13x	1.21x	0.75x	0.93x	1.10x	0.72x	1.22x	0.89x
Quick Ratio	0.74x	0.94x	1.13x	1.21x	0.75x	0.93x	1.10x	0.72x	1.22x	0.89x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.51B	1.29B	1.31B	987.37M	1.06B	1.03B	1.12B	631.82M	865.96M	905.42M
Long-Term Debt	1.2B	1.01B	969.13M	633.53M	719.53M	625.29M	687.94M	111.19M	361.24M	365.94M
Capital Lease Obligations	0	0	0	0	4.42M	11.36M	11.23M	10.53M	10.8M	0
Deferred Tax Liabilities	0	0	0	0	0	128K	113K	72K	51K	0
Other Non-Current Liabilities	310.17M	273.28M	343.7M	353.83M	339.17M	397.09M	416.73M	510.04M	493.87M	539.49M
Total Liabilities	1.73B	1.49B	1.48B	1.17B	1.25B	1.15B	1.44B	1.42B	1.08B	1.15B
Total Debt+	1.2B	1.02B	992.05M	633.53M	726.67M	637.04M	743.24M	705.59M	402.86M	394.75M
Net Debt	1.11B	950.49M	892.99M	600.24M	694.24M	593.31M	497.44M	244.24M	229.52M	285.74M
Debt / Equity	-	-	-	-	-	-	-	92.43x	12.92x	-
Debt / EBITDA	-	-	3.73x	1.60x	2.72x	5.26x	2.45x	1.20x	2.33x	2.96x
Net Debt / EBITDA	-	-	3.36x	1.51x	2.60x	4.90x	1.64x	0.42x	1.33x	2.15x
Interest Coverage	-11.77x	-3.58x	2.40x	5.08x	1.99x	0.01x	2.71x	6.54x	0.66x	-1.04x
Total Equity+	-526.49M	-659.04M	-573.51M	-324.8M	-249.37M	-208.29M	-247.18M	7.63M	31.19M	-52.58M
Equity Growth %	-2.03%	-0.25%	0.13%	0.43%	0.23%	0.16%	-0.19%	1.03%	3.09%	-2.69%
Book Value per Share	-6.93	-6.89	-4.17	-2.34	-1.77	-1.47	-1.74	0.05	0.21	-0.36
Total Shareholders' Equity	-526.49M	-659.04M	-573.51M	-324.8M	-249.37M	-208.29M	-247.18M	7.63M	31.19M	-52.58M
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K	1K	2K
Retained Earnings	-925.82M	-1.17B	-1.1B	-846.34M	-772.25M	-734.46M	-775.94M	-544.79M	-530.66M	-623.82M
Treasury Stock	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M	-24.17M
Accumulated OCI	-6.93B	-7.41B	-7.54B	-7.67B	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	132.55M	14.18M	159.41M	321.76M	232.23M	108.51M	133.67M	339.53M	115.33M	59.54M
Operating CF Margin %	0.26%	0.04%	0.33%	0.55%	0.43%	0.31%	0.24%	0.37%	0.22%	0.11%
Operating CF Growth %	-0.74%	-0.89%	10.24%	1.02%	-0.28%	-0.53%	0.23%	1.54%	-0.66%	-0.48%
Net Income	-1.04B	-249.02M	79.68M	248.83M	74.09M	37.79M	-41.48M	231.15M	15.6M	-87.14M
Depreciation & Amortization	394.07M	211.61M	155.68M	149.85M	148.5M	120.28M	113.45M	133.63M	143.69M	175.4M
Stock-Based Compensation	10.24M	11.01M	7.19M	3.54M	3.69M	3.96M	3.36M	7.92M	10.38M	10.19M
Deferred Taxes	-203.27M	28.39M	217K	500K	-64.1M	-30.29M	-8.19M	45.18M	18.48M	-10.08M
Other Non-Cash Items	951.42M	93.04M	-78.5M	-154.84M	67.9M	-22.59M	32.78M	-71.13M	-90.68M	5.5M
Working Capital Changes	24.81M	-80.85M	-4.86M	73.88M	2.16M	-651K	33.75M	-7.22M	17.85M	-34.33M
Change in Receivables	32.24M	-7M	-2.37M	-2.36M	-14.33M	27.1M	-16.09M	-11.23M	12.59M	-19.62M
Change in Inventory	14.63M	-63.77M	36.05M	19.53M	0	0	-4.01M	0	0	0
Change in Payables	-46.87M	6.5M	10.97M	40.08M	-11.04M	-41.35M	46.1M	-12.03M	10.72M	26.43M
Cash from Investing+	86.08M	-82.4M	-107.11M	-66.39M	-313.81M	-47.62M	-27.44M	-95.08M	-81.61M	-118.18M
Capital Expenditures	-231.44M	-48.7M	-130.98M	-122.97M	-325.92M	-21.08M	-32.72M	-93.19M	-81.07M	-118.18M
CapEx % of Revenue	0.46%	0.12%	0.27%	0.21%	0.61%	0.06%	0.06%	0.1%	0.15%	0.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	317.51M	-33.69M	23.87M	56.59M	12.11M	-26.54M	5.28M	-1.89M	-535K	0
Cash from Financing+	-156.88M	53.04M	-23.48M	-321.14M	80.73M	-49.6M	100.27M	-28.89M	-321.74M	-8.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-1.47M	-5.9M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-212K	-19.39M	-9.05M	-63.95M	-3.27M	-670K	-10.59M	-2.39M	-8.34M	-1.56M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-98.89M	-34.52M	28.43M	198.79M	-93.7M	87.43M	100.94M	246.34M	34.25M	-58.64M
FCF Margin %	-0.19%	-0.09%	0.06%	0.34%	-0.18%	0.25%	0.18%	0.27%	0.06%	-0.11%
FCF Growth %	0.17%	0.65%	1.82%	5.99%	-1.47%	1.93%	0.15%	1.44%	-0.86%	-2.71%
FCF per Share	-1.30	-0.36	0.21	1.43	-0.67	0.62	0.71	1.70	0.23	-0.40
FCF Conversion (FCF/Net Income)	-0.13x	-0.06x	2.00x	1.29x	3.13x	2.87x	-3.22x	1.47x	7.39x	-0.68x
Interest Paid	0	0	0	0	0	59.18M	64.81M	71.13M	42.13M	0
Taxes Paid	0	0	0	0	0	159K	152K	8.2M	2.39M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	-	-	3027.89%	80.35%	-
Return on Invested Capital (ROIC)	-70.7%	-56.58%	27%	62.28%	24.68%	0.14%	44.78%	135.65%	8.63%	-12.81%
Gross Margin	18.34%	40.89%	63.48%	70.02%	70.55%	65.75%	78.77%	84.55%	73.54%	67.41%
Net Margin	-205.95%	-62.26%	16.36%	42.85%	13.85%	10.9%	-7.43%	25.1%	2.93%	-16.59%
Debt / Equity	-	-	-	-	-	-	-	92.43x	12.92x	-
Interest Coverage	-11.77x	-3.58x	2.40x	5.08x	1.99x	0.01x	2.71x	6.54x	0.66x	-1.04x
FCF Conversion	-0.13x	-0.06x	2.00x	1.29x	3.13x	2.87x	-3.22x	1.47x	7.39x	-0.68x
Revenue Growth	-46.53%	-21.15%	21.78%	19.22%	-7.89%	-35.2%	60.98%	65.05%	-42.17%	-1.39%

Revenue by Segment

	2018	2022	2023	2024
Oil and Condensate	-	524.27M	381.39M	395.62M
Oil and Condensate Growth	-	-	-27.25%	3.73%
Natural Gas, Production	-	323.83M	110.16M	90.88M
Natural Gas, Production Growth	-	-	-65.98%	-17.50%
Natural Gas Liquids	-	56.96M	32.45M	27.98M
Natural Gas Liquids Growth	-	-	-43.04%	-13.77%
Product and Service, Other	-	15.93M	8.66M	10.79M
Product and Service, Other Growth	-	-	-45.61%	24.51%
Oil And Condensate	438.8M	-	-	-
Oil And Condensate Growth	-	-	-	-
Natural Gas Production	99.63M	-	-	-
Natural Gas Production Growth	-	-	-	-
Natural Gas Midstream	37.13M	-	-	-
Natural Gas Midstream Growth	-	-	-	-
Product And Service Other	5.15M	-	-	-
Product And Service Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

W&T Offshore, Inc. (WTI) reported $500.1M in revenue for fiscal year 2024. This represents a 48% decrease from $971.0M in 2011.

W&T Offshore, Inc. (WTI) saw revenue decline by 1.4% over the past year.

W&T Offshore, Inc. (WTI) reported a net loss of $146.3M for fiscal year 2024.

Dividend & Returns

Yes, W&T Offshore, Inc. (WTI) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

W&T Offshore, Inc. (WTI) generated $11.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.