WTI · W&t Offshore Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $501.46M | $525.26M | $532.66M | $921.00M | $558.01M | $346.63M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $79.95M | $82.39M | $75.54M | $73.75M | $52.40M | $41.74M |
| Total Operating Expenses | $554.26M | $567.46M | $503.16M | $466.92M | $368.35M | $322.02M |
| D&A | $116.41M | $143.03M | $114.68M | $107.12M | $90.52M | $97.76M |
| Operating Income | ($52.80M) | ($42.19M) | $29.49M | $454.08M | $189.66M | $24.61M |
| Interest Expense | - | - | $44.69M | $69.44M | $70.05M | $61.46M |
| Income Tax | $50.93M | ($9.98M) | $18.34M | $53.66M | ($8.06M) | ($30.15M) |
| Net Income | ($150.06M) | ($87.14M) | $15.60M | $231.15M | ($41.48M) | $37.79M |
| EPS - Basic | ($1.01) | ($0.59) | $0.11 | $1.61 | $0.26 | - |
| EPS - Diluted | ($1.01) | ($0.59) | $0.11 | $1.59 | $0.26 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $140.56M | $109.00M | $173.34M | $461.36M | $245.80M | $43.73M |
| Accounts Receivable | $59.63M | $63.56M | $52.08M | $66.15M | $54.92M | $38.83M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $98.41M | $83.63M | $78.86M | $65.16M | $67.41M | $48.61M |
| Current Assets | $239.27M | $218.46M | $264.98M | $570.26M | $358.26M | $107.23M |
| Total Assets | $955.81M | $1.10B | $1.11B | $1.43B | $1.19B | $940.58M |
| Current Liabilities | $234.28M | $246.08M | $216.85M | $792.33M | $324.38M | $115.00M |
| Long-term Debt | $342.36M | $365.94M | $361.24M | $111.19M | $687.94M | $625.29M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | ($199.75M) | ($52.58M) | $31.19M | $7.63M | ($247.18M) | ($208.29M) |
| Retained Earnings | ($780.32M) | ($623.82M) | ($530.66M) | ($544.79M) | ($775.94M) | ($734.46M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $77.24M | $59.54M | $115.33M | $339.53M | $133.67M | $108.51M |
| Investing Cash Flow | $21.86M | ($118.18M) | ($81.61M) | ($95.08M) | ($27.44M) | ($47.62M) |
| Financing Cash Flow | ($69.04M) | ($8.56M) | ($321.74M) | ($28.89M) | $100.27M | ($49.60M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -10.5% | -8.0% | 5.5% | 49.3% | 34.0% | 7.1% |
| EBITDA margin | 12.7% | 19.2% | 27.1% | 60.9% | 50.2% | 35.3% |
| Net margin | -29.9% | -16.6% | 2.9% | 25.1% | -7.4% | 10.9% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 15.9% | 15.7% | 14.2% | 8.0% | 9.4% | 12.0% |
| Effective tax rate | - | - | 54.0% | 18.8% | - | -394.8% |
| Return on assets | -15.7% | -7.9% | 1.4% | 16.1% | -3.5% | 4.0% |
| Return on equity | 75.1% | 165.7% | 50.0% | 3027.9% | 16.8% | -18.1% |
| Return on invested capital | -29.3% | -10.6% | 3.8% | 310.2% | 34.0% | 5.9% |
| Liquidity | ||||||
| Current ratio | 1.02 | 0.89 | 1.22 | 0.72 | 1.10 | 0.93 |
| Quick ratio | 1.02 | 0.89 | 1.22 | 0.72 | 1.10 | 0.93 |
| Cash ratio | 0.60 | 0.44 | 0.80 | 0.58 | 0.76 | 0.38 |
| Leverage | ||||||
| Debt / Equity | -1.71 | -6.96 | 11.58 | 14.56 | -2.78 | -3.00 |
| Debt / Assets | 0.36 | 0.33 | 0.32 | 0.08 | 0.58 | 0.66 |
| Debt / EBITDA | 5.38 | 3.63 | 2.51 | 0.20 | 2.46 | 5.11 |
| Interest coverage | - | - | 0.7x | 6.5x | 2.7x | 0.4x |
| Equity multiplier | -4.78 | -20.90 | 35.71 | 187.55 | -4.83 | -4.52 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.52 | 0.48 | 0.48 | 0.64 | 0.47 | 0.37 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 43d | 44d | 36d | 26d | 36d | 41d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | 29.6x | 3.5x | 12.4x | - |
| P / B | - | - | 15.5x | 106.1x | - | - |
| P / S | 0.5x | 0.5x | 0.9x | 0.9x | 0.8x | - |
| EV / EBITDA | 7.0x | 5.0x | 4.7x | 0.8x | 3.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | -4.5% | -1.4% | -42.2% | 65.1% | 61.0% | -35.2% |
| Revenue CAGR (3y) | -18.3% | -2.0% | 15.4% | 19.9% | 11.7% | -10.7% |
| Revenue CAGR (5y) | 7.7% | -0.4% | 5.9% | 13.6% | 6.9% | -7.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -25.1% | - | -93.5% | 139.4% | 670.7% | -58.0% |
| Net income growth (YoY) | -72.2% | - | -93.3% | - | - | -49.0% |
| EPS growth (YoY) | -71.2% | - | -93.1% | 511.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -279.9% | - | 308.6% | - | -18.7% | 16.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$501.46M totalOil And Condensate$327.85M · 65.4%
Natural Gas Production$143.95M · 28.7%
Natural Gas Liquids Reserves$20.37M · 4.1%
Product And Service Other$9.30M · 1.9%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing W&T OFFSHORE INC against the 5 most active filers in the same SIC group.
Dividends
$0.04/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.0100 |
| Mar 19, 2026 | $0.0100 |
| Nov 19, 2025 | $0.0100 |
| Aug 18, 2025 | $0.0100 |
| May 20, 2025 | $0.0100 |
| Mar 17, 2025 | $0.0100 |
| Nov 21, 2024 | $0.0100 |
| Aug 20, 2024 | $0.0100 |
| May 23, 2024 | $0.0100 |
| Mar 15, 2024 | $0.0100 |
| Nov 27, 2023 | $0.0100 |
| Nov 14, 2014 | $0.1000 |
| Aug 20, 2014 | $0.1000 |
| May 21, 2014 | $0.1000 |
| Mar 14, 2014 | $0.1000 |
| Dec 19, 2013 | $0.4200 |
| Nov 14, 2013 | $0.1000 |
| Aug 20, 2013 | $0.0900 |
| May 22, 2013 | $0.0900 |
| Mar 13, 2013 | $0.0800 |
| Nov 14, 2012 | $0.5500 |
| Aug 20, 2012 | $0.0800 |
| May 22, 2012 | $0.0800 |
| Mar 12, 2012 | $0.0800 |