W&T Offshore, Inc. (WTI) Quarterly Income Statement

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W&T Offshore, Inc. (WTI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

WTI Income Statement

W&T Offshore, Inc. (WTI) annual income statement — 26-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	167.08M	162.62M	150.02M	121.71M	127.52M	122.37M	129.87M	120.34M	121.37M	142.76M	140.79M	132.34M	142.41M	126.18M	131.72M	189.7M	266.49M	273.81M	191M	165.59M
Revenue Growth %	31.03%	32.89%	15.52%	1.14%	5.06%	-14.28%	-7.76%	-9.06%	-14.77%	13.14%	6.88%	-30.24%	-46.56%	-53.92%	-31.04%	14.56%	98.95%	106.14%	52.02%	74.77%
Cost of Goods Sold	122.92M	78.13M	110.55M	37.26M	118.61M	117.55M	38.55M	44.12M	40.35M	127.64M	120.28M	40.28M	43.32M	34.98M	28.76M	35.76M	98.7M	36.86M	73.35M	14.88M
COGS % of Revenue	73.57%	48.04%	73.69%	30.61%	93.02%	96.06%	29.68%	36.66%	33.25%	89.41%	85.43%	30.44%	30.42%	27.72%	21.83%	18.85%	37.04%	13.46%	38.4%	8.98%
Gross Profit	44.16M	84.49M	39.47M	84.46M	8.9M	4.82M	91.32M	76.22M	81.02M	15.12M	20.51M	92.06M	99.09M	91.2M	102.97M	153.94M	167.78M	236.95M	117.65M	150.71M
Gross Margin %	26.43%	51.96%	26.31%	69.39%	6.98%	3.94%	70.32%	63.34%	66.75%	10.59%	14.57%	69.56%	69.58%	72.28%	78.17%	81.15%	62.96%	86.54%	61.6%	91.02%
Gross Profit Growth %	396.19%	1654.02%	-56.78%	10.8%	-89.01%	-68.14%	345.21%	-17.2%	-18.23%	-83.42%	-80.08%	-40.2%	-40.94%	-61.51%	-12.48%	2.14%	57.49%	134.31%	19.37%	76.46%
Operating Expenses	32.34M	61.86M	24.83M	103.55M	21.51M	17.67M	99.56M	93.22M	99.98M	21.35M	20.52M	90.27M	81.8M	91.13M	92.61M	97.95M	29.67M	74.62M	20.01M	-96.74M
OpEx % of Revenue	19.36%	38.04%	16.55%	85.08%	16.87%	14.44%	76.66%	77.46%	82.38%	14.96%	14.57%	68.21%	57.44%	72.22%	70.31%	51.63%	11.13%	27.25%	10.48%	-58.42%
Selling, General & Admin	31.68M	27.51M	24.83M	95.25M	21.51M	17.67M	91.17M	85.06M	92.14M	21.35M	20.52M	82.89M	81.8M	83.41M	85.11M	90.97M	23.05M	67.94M	13.78M	59.49M
SG&A % of Revenue	18.96%	16.92%	16.55%	78.26%	16.87%	14.44%	70.2%	70.68%	75.91%	14.96%	14.57%	62.64%	57.44%	66.11%	64.61%	47.96%	8.65%	24.81%	7.21%	35.93%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	655K	1000K	0	1000K	0	0	1000K	1000K	1000K	0	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Operating Income	11.82M	22.63M	14.64M	-19.1M	-12.61M	-12.85M	-8.24M	-16.99M	-18.96M	-6.24M	-4K	1.79M	17.28M	71K	10.35M	56M	138.12M	162.32M	97.64M	247.45M
Operating Margin %	7.08%	13.92%	9.76%	-15.69%	-9.89%	-10.5%	-6.35%	-14.12%	-15.62%	-4.37%	-0%	1.35%	12.14%	0.06%	7.86%	29.52%	51.83%	59.28%	51.12%	149.44%
Operating Income Growth %	193.74%	276.06%	277.54%	-12.4%	33.51%	-106.11%	-	-1048.63%	-209.73%	-8883.1%	-100.04%	-96.8%	-87.49%	-99.96%	-89.4%	-77.37%	186.66%	383.71%	146.4%	70803.15%
EBITDA	48.69M	56.98M	50.42M	17.7M	23.97M	22.27M	33.04M	29.38M	23.09M	38.84M	41.9M	42.83M	53.91M	35.97M	40.48M	90.25M	172.23M	196.68M	128.55M	277.02M
EBITDA Margin %	29.14%	35.04%	33.61%	14.54%	18.8%	18.2%	25.44%	24.41%	19.02%	27.21%	29.76%	32.36%	37.86%	28.5%	30.73%	47.57%	64.63%	71.83%	67.3%	167.29%
EBITDA Growth %	103.12%	155.83%	52.6%	-39.75%	3.82%	-42.65%	-21.15%	-31.41%	-57.17%	7.99%	3.5%	-52.54%	-68.7%	-81.71%	-68.51%	-67.42%	131.27%	204.89%	94%	929.93%
D&A (Non-Cash Add-back)	36.87M	34.35M	35.78M	36.79M	36.58M	35.13M	41.28M	46.37M	42.05M	45.07M	41.91M	41.03M	36.63M	35.89M	30.13M	34.25M	34.11M	34.36M	30.91M	29.57M
EBIT	11.82M	24.83M	-10.71M	-16.19M	-6.49M	-14.26M	-25.7M	-14.98M	-31.47M	-9.86M	-357K	11.22M	17.28M	1.21M	49.36M	64.83M	138.12M	172.71M	17.94M	79.27M
Net Interest Income	-8.96M	-9.23M	-9.19M	-9M	-9M	-9.01M	-9.49M	-10.23M	-9.99M	-10.16M	-10.07M	-9.73M	-9.93M	-10.32M	-14.71M	-14.53M	-16.85M	-18.18M	-19.88M	-19.57M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	8.96M	9.23M	9.19M	9M	9M	9.01M	9.49M	10.23M	9.99M	10.16M	10.07M	9.73M	9.93M	10.32M	14.71M	14.53M	16.85M	18.18M	19.88M	19.57M
Other Income/Expense	-24.97M	-11.44M	-34.53M	-6.1M	-2.87M	-10.41M	-26.95M	-8.22M	-22.5M	-13.79M	-10.43M	-302K	-10.36M	-9.18M	24.29M	-5.69M	-55M	-7.79M	-100.78M	-187.76M
Pretax Income	-13.15M	11.19M	-19.89M	-25.19M	-15.48M	-23.27M	-35.19M	-25.21M	-41.47M	-20.02M	-10.43M	1.49M	6.92M	-9.11M	34.64M	50.31M	83.12M	154.53M	-3.15M	59.69M
Pretax Margin %	-7.87%	6.88%	-13.26%	-20.7%	-12.14%	-19.01%	-27.1%	-20.95%	-34.16%	-14.03%	-7.41%	1.13%	4.86%	-7.22%	26.3%	26.52%	31.19%	56.44%	-1.65%	36.05%
Income Tax	498K	-1.37M	2.64M	1.93M	55.99M	-2.38M	-4.62M	-1.85M	-4.54M	-4.64M	1.04M	1.93M	4.78M	3M	8.64M	6.86M	16.4M	31.09M	-689K	10.79M
Effective Tax Rate %	-3.79%	-12.21%	-13.25%	-7.67%	-361.63%	10.24%	13.11%	7.33%	10.96%	23.15%	-10.02%	129.75%	69.01%	-32.89%	24.94%	13.63%	19.73%	20.12%	21.9%	18.07%
Net Income	-13.65M	12.56M	-22.53M	-27.13M	-71.47M	-20.88M	-30.58M	-23.36M	-36.92M	-15.39M	-11.47M	-443K	2.15M	-12.11M	26M	43.45M	66.72M	123.44M	-2.46M	48.9M
Net Margin %	-8.17%	7.72%	-15.02%	-22.29%	-56.05%	-17.07%	-23.54%	-19.41%	-30.42%	-10.78%	-8.15%	-0.33%	1.51%	-9.6%	19.74%	22.9%	25.04%	45.08%	-1.29%	29.53%
Net Income Growth %	80.9%	160.15%	26.32%	-16.12%	-93.59%	-35.72%	-166.49%	-5173.59%	-1821.26%	-27.08%	-144.12%	-101.02%	-96.79%	-109.81%	1158.4%	-11.15%	275.75%	338.88%	-229.36%	646.6%
Net Income (Continuing)	-13.65M	12.56M	-22.53M	-27.13M	-71.47M	-20.88M	-30.58M	-23.36M	-36.92M	-15.39M	-11.47M	-443K	2.15M	-12.11M	26M	43.45M	66.72M	123.44M	-2.46M	48.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-0.09	0.08	-0.15	-0.18	-0.48	-0.14	-0.21	-0.16	-0.25	-0.10	-0.08	-0.00	0.01	-0.08	0.17	0.30	0.46	0.85	-0.02	0.34
EPS Growth %	81.25%	157.14%	28.57%	-12.5%	-92%	-40%	-168.89%	-	-1860.56%	-20.92%	-145.94%	-101%	-96.91%	-109.73%	1088.37%	-11.76%	270.37%	336.11%	-	638.83%
EPS (Basic)	-0.09	0.08	-0.15	-0.18	-0.48	-0.14	-0.21	-0.16	-0.25	-0.10	-0.08	-0.00	0.01	-0.08	0.18	0.30	0.47	0.86	-0.02	0.34
Diluted Shares Outstanding	151.85M	157.66M	148.78M	148.78M	148.59M	147.85M	147.6M	147.37M	147.21M	146.94M	146.86M	146.58M	151.46M	146.45M	148.73M	146.26M	145.88M	144.53M	142.94M	144.14M
Basic Shares Outstanding	151.85M	149.71M	148.78M	148.78M	148.59M	147.85M	147.6M	147.37M	147.21M	146.94M	146.86M	146.58M	146.48M	146.45M	146.42M	143.49M	143.12M	143.02M	142.94M	142.39M
Dividend Payout Ratio	-	12.88%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-