W&T Offshore, Inc. (WTI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 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 | 133.95M | 132.83M |
| Revenue Growth % | 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% | 84.71% | 140.45% |
| Cost of Goods Sold | 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 | 27.41M | 31.7M |
| COGS % of Revenue | 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% | 20.46% | 23.87% |
| Gross Profit | 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 | 106.53M | 101.12M |
| Gross Margin % | 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% | 79.54% | 76.13% |
| Gross Profit Growth % | -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% | 150.29% | 374.45% |
| Operating Expenses | 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 | 58.35M | 67.57M |
| OpEx % of Revenue | 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% | 43.57% | 50.87% |
| Selling, General & Admin | 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 | 52.88M | 61.54M |
| SG&A % of Revenue | 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% | 39.48% | 46.33% |
| 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 | 0 | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 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 | 48.18M | 33.56M |
| Operating Margin % | 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% | 35.97% | 25.26% |
| Operating Income Growth % | 277.54% | -12.4% | 33.51% | -106.11% | -206000% | -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% | 346.96% | 219.67% |
| EBITDA | 50.42M | 17.7M | 15.97M | 13.59M | 33.04M | 29.38M | 15.24M | 38.84M | 41.9M | 42.83M | 53.91M | 35.97M | 40.48M | 90.25M | 172.23M | 196.68M | 128.55M | 277.02M | 74.47M | 64.51M |
| EBITDA Margin % | 33.61% | 14.54% | 12.52% | 11.11% | 25.44% | 24.41% | 12.56% | 27.21% | 29.76% | 32.36% | 37.86% | 28.5% | 30.73% | 47.57% | 64.63% | 71.83% | 67.3% | 167.29% | 55.6% | 48.57% |
| EBITDA Growth % | 52.6% | -39.75% | 4.78% | -65% | -21.15% | -31.41% | -71.73% | 7.99% | 3.5% | -52.54% | -68.7% | -81.71% | -68.51% | -67.42% | 131.27% | 204.89% | 94% | 929.93% | 1225.81% | 4373.65% |
| D&A (Non-Cash Add-back) | 35.78M | 36.79M | 28.58M | 26.45M | 41.28M | 46.37M | 34.21M | 45.07M | 41.91M | 41.03M | 36.63M | 35.89M | 30.13M | 34.25M | 34.11M | 34.36M | 30.91M | 29.57M | 26.29M | 30.95M |
| EBIT | 14.64M | -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 | -24.96M | -47.88M |
| Net Interest Income | -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 | -18.91M | -16.53M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 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 | 18.91M | 16.53M |
| Other Income/Expense | -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 | -92.05M | -97.97M |
| Pretax Income | -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 | -43.87M | -64.41M |
| Pretax Margin % | -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% | -32.75% | -48.49% |
| Income Tax | 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 | -5.9M | -12.74M |
| Effective Tax Rate % | -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% | 13.45% | 19.78% |
| Net Income | -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 | -37.96M | -51.67M |
| Net Margin % | -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% | -28.34% | -38.9% |
| Net Income Growth % | 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% | -184.61% | -775.2% |
| Net Income (Continuing) | -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 | -37.96M | -51.67M |
| 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) | -0.15 | -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 | -0.27 | -0.36 |
| EPS Growth % | 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% | -186.62% | -763.31% |
| EPS (Basic) | -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 | -0.27 | -0.36 |
| Diluted Shares Outstanding | 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 | 142.3M | 142.24M |
| Basic Shares Outstanding | 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 | 140.61M | 142.24M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |