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Stocks · Energy · Crude Petroleum & Natural Gas

W&T OFFSHORE INC

WTI Clue Score25
United States Fiscal year ends December CIK 0001288403
$3.63 -1.89% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.63 −18.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue400.0Operating income−330.6Net income−249.0Fiscal year 2017Revenue487.1 +21.8%Operating income110.0Net income79.7Fiscal year 2018Revenue580.7 +19.2%Operating income247.0Net income248.8 +212.3%Fiscal year 2019Revenue534.9 −7.9%Operating income118.5Net income74.1 −70.2%EPS, diluted0.52Fiscal year 2020Revenue346.6 −35.2%Operating income0.8Net income37.8 −49.0%EPS, diluted0.26 −50.0%Fiscal year 2021Revenue558.0 +61.0%Operating income189.7Net income−41.5 −209.8%EPS, diluted−0.29 −211.5%Fiscal year 2022Revenue921.0 +65.1%Operating income454.1Net income231.1EPS, diluted1.59Fiscal year 2023Revenue532.7 −42.2%Operating income29.5Net income15.6 −93.3%EPS, diluted0.11 −93.1%Fiscal year 2024Revenue525.3 −1.4%Operating income−42.2Net income−87.1 −658.7%EPS, diluted−0.59 −636.4%Fiscal year 2025Revenue501.5 −4.5%Operating income−52.8Net income−150.1EPS, diluted−1.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 400.0 487.1 580.7 534.9 346.6 558.0 921.0 532.7 525.3 501.5
Growth +21.8% +19.2% −7.9% −35.2% +61.0% +65.1% −42.2% −1.4% −4.5%
Operating income −330.6 110.0 247.0 118.5 0.8 189.7 454.1 29.5 −42.2 −52.8
Net income −249.0 79.7 248.8 74.1 37.8 −41.5 231.1 15.6 −87.1 −150.1
Growth +212.3% −70.2% −49.0% −209.8% −93.3% −658.7%
EPS, diluted n/a n/a n/a 0.52 0.26 −0.29 1.59 0.11 −0.59 −1.01
Growth −50.0% −211.5% −93.1% −636.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−82.6%Net margin−62.3%Fiscal year 2017Operating margin22.6%Net margin16.4%Fiscal year 2018Operating margin42.5%Net margin42.8%Free cash flow margin52.5%Fiscal year 2019Operating margin22.2%Net margin13.9%Fiscal year 2020Operating margin0.2%Net margin10.9%Fiscal year 2021Operating margin34.0%Net margin−7.4%Fiscal year 2022Operating margin49.3%Net margin25.1%Fiscal year 2023Operating margin5.5%Net margin2.9%Fiscal year 2024Operating margin−8.0%Net margin−16.6%Fiscal year 2025Operating margin−10.5%Net margin−29.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −82.6% 22.6% 42.5% 22.2% 0.2% 34.0% 49.3% 5.5% −8.0% −10.5%
Net margin −62.3% 16.4% 42.8% 13.9% 10.9% −7.4% 25.1% 2.9% −16.6% −29.9%
Free cash flow margin n/a n/a 52.5% n/a n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow14.2Fiscal year 2017Operating cash flow159.4Fiscal year 2018Operating cash flow321.8Capital expenditure−16.8Free cash flow305.0Fiscal year 2019Operating cash flow232.2Fiscal year 2020Operating cash flow108.5Fiscal year 2021Operating cash flow133.7Fiscal year 2022Operating cash flow339.5Fiscal year 2023Operating cash flow115.3Dividends paid−1.5Fiscal year 2024Operating cash flow59.5Dividends paid−5.9Fiscal year 2025Operating cash flow77.2Dividends paid−6.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 14.2 159.4 321.8 232.2 108.5 133.7 339.5 115.3 59.5 77.2
Capital expenditure n/a n/a −16.8 n/a n/a n/a n/a n/a n/a n/a
Free cash flow n/a n/a 305.0 n/a n/a n/a n/a n/a n/a n/a
Growth
Dividends paid n/a n/a n/a n/a n/a n/a n/a −1.5 −5.9 −6.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash70.2Total debt1,020.7Net cash (debt)−950.5Shareholders’ equity−659.0Fiscal year 2017Cash99.1Total debt992.1Net cash (debt)−893.0Shareholders’ equity−573.5Fiscal year 2018Cash33.3Total debt633.5Net cash (debt)−600.2Shareholders’ equity−324.8Fiscal year 2019Cash32.4Total debt719.5Net cash (debt)−687.1Shareholders’ equity−249.4Fiscal year 2020Cash43.7Total debt625.3Net cash (debt)−581.6Shareholders’ equity−208.3Fiscal year 2021Cash245.8Total debt730.9Net cash (debt)−485.1Shareholders’ equity−247.2Fiscal year 2022Cash461.4Total debt693.4Net cash (debt)−232.1Shareholders’ equity7.6Debt to equity90.84Fiscal year 2023Cash173.3Total debt390.6Net cash (debt)−217.3Shareholders’ equity31.2Debt to equity12.52Fiscal year 2024Cash109.0Total debt393.2Net cash (debt)−284.2Shareholders’ equity−52.6Fiscal year 2025Cash140.6Total debt350.8Net cash (debt)−210.3Shareholders’ equity−199.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 70.2 99.1 33.3 32.4 43.7 245.8 461.4 173.3 109.0 140.6
Total debt 1,020.7 992.1 633.5 719.5 625.3 730.9 693.4 390.6 393.2 350.8
Net cash (debt) −950.5 −893.0 −600.2 −687.1 −581.6 −485.1 −232.1 −217.3 −284.2 −210.3
Shareholders’ equity −659.0 −573.5 −324.8 −249.4 −208.3 −247.2 7.6 31.2 −52.6 −199.8
Debt to equity n/a n/a n/a n/a n/a n/a 90.84 12.52 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
400.0 487.1 580.7 534.9 346.6 558.0 921.0 532.7 525.3 501.5
Growth +21.8% +19.2% −7.9% −35.2% +61.0% +65.1% −42.2% −1.4% −4.5%
59.7 59.7 60.1 55.1 41.7 52.4 73.7 75.5 82.4 80.0
−330.6 110.0 247.0 118.5 0.8 189.7 454.1 29.5 −42.2 −52.8
Growth +124.7% −52.0% −99.3% +23,578.2% +139.4% −93.5% −243.1%
−292.4 67.1 249.4 −1.1 7.6 −49.5 284.8 33.9 −97.1 −99.1
−43.4 −12.6 0.5 −75.2 −30.2 −8.1 53.7 18.3 −10.0 50.9
−249.0 79.7 248.8 74.1 37.8 −41.5 231.1 15.6 −87.1 −150.1
Growth +212.3% −70.2% −49.0% −209.8% −93.3% −658.7%
Per share
n/a n/a n/a 0.52 0.26 −0.29 1.61 0.11 −0.59 −1.01
n/a n/a n/a 0.52 0.26 −0.29 1.59 0.11 −0.59 −1.01
Growth −50.0% −211.5% −93.1% −636.4%
n/a n/a n/a 140.6 141.6 142.3 143.1 146.5 147.1 148.2
n/a n/a n/a 143.7 143.3 142.3 145.1 148.3 147.1 148.2
Growth −0.3% −0.7% +2.0% +2.2% −0.8% +0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.7% a year over five years.
  • The diluted share count rose 3.4% in five years, which is dilution.
  • Operating margin is down 10.8 points on five years ago, at -10.5%.
  • A net loss in 4 of 10 years on file.