W&T Offshore financials
$3.49−2.51%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $501.5M | $525.3M | $532.7M | $921.0M | $558.0M | $346.6M | $534.9M | $580.7M | $487.1M | $400.0M |
| Gross profit | $501.5M | $525.3M | $532.7M | $921.0M | $558.0M | $346.6M | $534.9M | $580.7M | $487.1M | $400.0M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$52.8M | -$42.2M | $29.5M | $454.1M | $189.7M | $801.0K | $118.5M | $193.2M | $105.8M | -$327.6M |
| Net income | -$150.1M | -$87.1M | $15.6M | $231.1M | -$41.5M | $37.8M | $72.7M | $239.1M | $76.4M | -$249.0M |
| Net margin | −29.9% | −16.6% | 2.9% | 25.1% | −7.4% | 10.9% | 13.6% | 41.2% | 15.7% | −62.3% |
| Diluted EPS | $-1.01 | $-0.59 | $0.11 | $1.59 | $-0.29 | $0.26 | $0.52 | $1.72 | $0.56 | $-2.60 |
| EBITDA | $97.0M | $133.2M | $173.2M | $587.7M | $303.1M | $121.1M | $267.0M | $343.1M | $261.4M | $163.0M |
| Operating cash flow | $77.2M | $59.5M | $115.3M | $339.5M | $133.7M | $108.5M | $232.2M | $321.8M | $159.4M | $14.2M |
| Free cash flow | $27.8M | -$58.6M | $33.7M | $244.4M | $100.9M | $87.4M | -$93.7M | $214.2M | $52.3M | -$69.7M |
| Diluted shares | 148.2M | 147.1M | 148.3M | 145.1M | 142.3M | 143.3M | 143.7M | 139.0M | 137.6M | 95.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $140.6M | $109.0M | $173.3M | $461.4M | $245.8M | $43.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $350.8M | $393.2M | $390.6M | $693.4M | $743.3M | $632.5M |
| Total assets | $955.8M | $1.10B | $1.11B | $1.43B | $1.19B | $940.6M |
| Total liabilities | $1.13B | $1.15B | $1.06B | $1.40B | $1.44B | $1.15B |
| Shareholders' equity | -$199.8M | -$52.6M | $31.2M | $7.6M | -$247.2M | -$208.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology