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W&T Offshore (WTI)
NYSE:WTI
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W&T Offshore (WTI) Income Statement

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W&T Offshore Income Statement

Last quarter (Q1 2024), W&T Offshore's total revenue was $140.79M, an increase of 45.14% from the same quarter last year. In Q1, W&T Offshore's net income was $-11.47M. See W&T Offshore’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 505.52M$ 532.66M$ 921.00M$ 558.01M$ 346.63M$ 534.90M
Cost of Revenue
-$ 140.93M--$ 281.57M$ 341.79M
Gross Profit
$ 541.72M$ 391.73M$ 921.00M$ 558.01M$ 65.07M$ 193.10M
Operating Expense
$ 514.86M$ 503.16M$ 466.92M$ 345.42M$ 64.27M$ 74.57M
Operating Income
$ 26.86M$ 29.49M$ 454.08M$ 212.59M$ 801.00K$ 118.54M
Net Non Operating Interest Income Expense
$ -40.05M$ -44.69M$ -69.44M$ -70.05M$ -61.46M$ -59.57M
Other Income Expense
$ -9.78M$ -49.14M$ 99.83M$ 169.15M$ 68.30M$ -60.08M
Pretax Income
$ -11.13M$ 33.94M$ 284.81M$ -49.53M$ 7.64M$ -1.11M
Tax Provision
$ 10.75M$ 18.34M$ 53.66M$ -8.06M$ -30.15M$ -75.19M
Earnings From Equity Interest Net Of Tax
------
Net Income Common Stockholders
$ -21.88M$ 15.60M$ 231.15M$ -41.48M$ 37.35M$ 72.72M
Basic EPS
$ -0.15$ 0.11$ 1.61$ -0.29$ 0.26$ 0.52
Diluted EPS
$ -0.15$ 0.11$ 1.59$ -0.29$ 0.26$ 0.52
Basic Average Shares
$ 586.37M$ 146.48M$ 143.14M$ 142.27M$ 141.62M$ 140.58M
Diluted Average Shares
$ 591.34M$ 148.30M$ 145.09M$ 142.27M$ 141.62M$ 140.58M
Dividend Per Share
$ 0.01---$ 0.00$ 0.00
Total Operating Income As Reported
------
Reported Normalized Basic E P S
----$ -0.16$ 0.60
Reported Normalized Diluted E P S
----$ -0.16$ 0.60
Rent Expense Supplemental
-----$ 184.28M
Total Expenses
$ 514.86M$ 503.16M$ 466.92M$ 345.42M$ 345.83M$ 416.36M
Interest Expense
----$ 61.46M$ 59.57M
Net Income From Continuing And Discontinued Operation
$ -21.88M$ 15.60M$ 231.15M$ -41.48M$ 37.79M$ 74.09M
Normalized Income
$ -3.68M$ 26.81M$ 225.00M-$ -14.24M$ 117.80M
EBIT
$ 28.92M$ 78.63M$ 354.25M$ 20.51M$ 69.10M$ 58.46M
EBITDA
$ 164.71M$ 222.33M$ 495.43M$ 111.04M$ 189.38M$ 206.96M
Currency in USD

W&T Offshore Earnings and Revenue History

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