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W&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 America. The company sells crude oil, condensate, natural gas, liquids, and natural gas liquids. The company also provides construction, drilling, and production activities necessary to retrieve oil and gas from its natural reservoirs, including the acquisition, construction, installation, and maintenance of field gathering and storage systems, such as lifting oil and gas, and gathering, treating, and field processing; and extraction of hydrocarbons, solid, liquid, or gaseous state, oil sands, shale, coalbeds, or other nonrenewable natural resources. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $501M | $87M | $-150M | $28M | 75.1% | -4.5% | - |
| 2024 | $525M | $119M | $-87M | $-59M | 165.7% | -1.4% | -658.7% |
| 2023 | $533M | $222M | $16M | $34M | 50.0% | -42.2% | -93.3% |
| 2022 | $921M | $488M | $231M | $244M | 3027.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 921 | 532.66 | 525.26 | 501.46 |
| Cost Of Revenue | 142.25 | 140.93 | 171.20 | 142.15 |
| Gross Profit | 778.75 | 391.73 | 354.06 | 359.31 |
| Operating Expense | 324.67 | 362.24 | 396.25 | 412.12 |
| Operating Income | 454.08 | 29.49 | -42.19 | -52.80 |
| EBITDA | 487.88 | 222.33 | 118.72 | 87.15 |
| EBIT | 354.25 | 78.63 | -56.68 | -62.64 |
| Pretax Income | 284.81 | 33.94 | -97.13 | -99.14 |
| Tax Provision | 53.66 | 18.34 | -9.98 | 50.93 |
| Net Income | 231.15 | 15.60 | -87.14 | -150.06 |
| Net Income Common Stockholders | 231.15 | 15.60 | -87.14 | -150.06 |
| Total Expenses | 466.92 | 503.16 | 567.46 | 554.26 |
| Interest Expense | 69.44 | 44.69 | 40.45 | 36.49 |
| Selling General And Administration | 298.16 | 333.22 | 363.88 | 378.74 |
| Normalized EBITDA | 573.41 | 167.57 | 115.13 | 88.57 |
| Normalized Income | 300.60 | -27.66 | -90.37 | -148.94 |
| Basic EPS | 1.61 | 0.11 | -0.59 | 0 |
| Diluted EPS | 1.59 | 0.11 | -0.59 | 0 |
| Tax Effect Of Unusual Items | -16.08 | 11.50 | 0.37 | -0.30 |
| Tax Rate For Calcs | 0.19 | 0.21 | 0.10 | 0.21 |
| Total Unusual Items | -85.53 | 54.76 | 3.59 | -1.42 |
| Total Unusual Items Excluding Goodwill | -85.53 | 54.76 | 3.59 | -1.42 |
| Net Income From Continuing Operation Net Minority Interest | 231.15 | 15.60 | -87.14 | -150.06 |
| Reconciled Depreciation | 133.63 | 143.69 | 175.40 | 149.79 |
| Reconciled Cost Of Revenue | 142.25 | 140.93 | 171.20 | 142.15 |
| Net Interest Income | -69.44 | -44.69 | -40.45 | -36.49 |
| Net Income From Continuing And Discontinued Operation | 231.15 | 15.60 | -87.14 | -150.06 |
| Rent Expense Supplemental | 224.41 | 257.68 | 281.49 | 298.78 |
| Total Operating Income As Reported | 454.08 | 29.49 | -42.19 | -52.80 |
| Diluted Average Shares | 145.09 | 148.30 | 147.13 | 0 |
| Basic Average Shares | 143.14 | 146.48 | 147.13 | 0 |
| Diluted NI Availto Com Stockholders | 231.15 | 15.60 | -87.14 | -150.06 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 231.15 | 15.60 | -87.14 | -150.06 |
| Net Income Continuous Operations | 231.15 | 15.60 | -87.14 | -150.06 |
| Other Income Expense | -99.83 | 49.14 | -14.48 | -9.84 |
| Other Non Operating Income Expenses | -14.29 | -5.62 | -18.07 | -8.41 |
| Special Income Charges | 0 | 0 | 0 | -15.02 |
| Other Special Charges | 0 | 0 | 0 | 15.02 |
| Gain On Sale Of Security | -85.53 | 54.76 | 3.59 | 13.59 |
| Net Non Operating Interest Income Expense | -69.44 | -44.69 | -40.45 | -36.49 |
| Interest Expense Non Operating | 69.44 | 44.69 | 40.45 | 36.49 |
| Other Operating Expenses | 26.51 | 29.02 | 32.37 | 33.38 |
| General And Administrative Expense | 298.16 | 333.22 | 363.88 | 378.74 |
| Other Gand A | 73.75 | 75.54 | 82.39 | 79.95 |
| Rent And Landing Fees | 224.41 | 257.68 | 281.49 | 298.78 |
| Operating Revenue | 905.07 | 523.99 | 514.48 | 492.16 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| W&T Offshore, Inc.this co. | WTI | $667M | - | -3.34 | 75.1% | 9.17 |
| Vitesse Energy, Inc. | VTS | $788M | 29.52 | 1.22 | 4.0% | 5.18 |
| Riley Exploration Permian, Inc. | REPX | $787M | 4.77 | 1.24 | 25.4% | 4.33 |
| Forum Energy Technologies, Inc. | FET | $731M | - | 2.46 | -3.3% | 17.46 |
| Hallador Energy Company | HNRG | $714M | 15.79 |
| 4.16 |
| 26.2% |
| 7.30 |
| VAALCO Energy, Inc. | EGY | $713M | - | 1.57 | -9.3% | 4.90 |
| Oil States International, Inc. | OIS | $709M | - | 1.23 | -19.1% | 11.39 |
| Flotek Industries, Inc. | FTK | $613M | 20.17 | 4.51 | 27.0% | 21.95 |
| SandRidge Energy, Inc. | SD | $578M | 8.24 | 1.13 | 13.7% | 4.63 |
| Peer Median | - | 15.79 | 1.40 | 8.9% | 6.24 | |