Financial Snapshot

Revenue
$537.3M
TTM
Gross Margin
47.34%
TTM
Net Earnings
-$64.23M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
97.78%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$619.8M
Q3 2024
Book Value
$507.5M
Q3 2024
Cash
Q3 2024
P/E
-4.176
Nov 29, 2024 EST
Free Cash Flow
-$13.70M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $532.7M $921.0M $558.0M $346.6M $534.9M $580.7M $487.1M $400.0M $507.3M $948.7M $984.1M $874.5M $971.0M $705.8M $611.0M $1.216B $1.114B $800.5M $585.1M $508.7M $422.6M $191.3M $169.6M
YoY Change -42.17% 65.05% 60.98% -35.2% -7.89% 19.22% 21.78% -21.15% -46.53% -3.6% 12.53% -9.94% 37.58% 15.51% -49.74% 9.15% 39.13% 36.81% 15.02% 20.37% 120.91% 12.79%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $532.7M $921.0M $558.0M $346.6M $534.9M $580.7M $487.1M $400.0M $507.3M $948.7M $984.1M $874.5M $971.0M $705.8M $611.0M $1.216B $1.114B $800.5M $585.1M $508.7M $422.6M $191.3M $169.6M
Cost Of Revenue $257.7M $224.4M $174.6M $162.9M $184.3M $153.3M $143.7M $152.4M $192.8M $264.8M $270.8M $232.3M $219.2M $169.7M $205.5M $238.6M $240.7M $115.5M $76.40M $73.90M $66.30M $26.80M $22.90M
Gross Profit $275.0M $696.6M $383.4M $183.8M $350.6M $427.4M $343.4M $247.6M $314.5M $684.0M $713.2M $642.2M $751.8M $536.1M $405.5M $977.0M $873.1M $684.9M $508.7M $434.9M $356.3M $164.6M $146.7M
Gross Profit Margin 51.62% 75.63% 68.71% 53.02% 65.55% 73.6% 70.5% 61.9% 62.0% 72.1% 72.47% 73.44% 77.42% 75.96% 66.37% 80.37% 78.4% 85.56% 86.94% 85.49% 84.31% 86.04% 86.5%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Selling, General & Admin $101.8M $108.9M $80.32M $62.70M $83.60M $84.40M $81.90M $84.60M $93.30M $114.8M $106.0M $108.4M $83.70M $80.50M $56.60M $63.20M $54.40M $53.90M $36.40M $38.70M $32.80M $13.40M $13.90M
YoY Change -6.51% 35.55% 28.1% -25.0% -0.95% 3.05% -3.19% -9.32% -18.73% 8.3% -2.21% 29.51% 3.98% 42.23% -10.44% 16.18% 0.93% 48.08% -5.94% 17.99% 144.78% -3.6%
% of Gross Profit 37.02% 15.63% 20.95% 34.11% 23.84% 19.75% 23.85% 34.17% 29.67% 16.78% 14.86% 16.88% 11.13% 15.02% 13.96% 6.47% 6.23% 7.87% 7.16% 8.9% 9.21% 8.14% 9.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.7M $107.1M $90.52M $97.76M $129.0M $131.4M $138.5M $194.0M $373.4M $490.5M $430.6M $336.2M $299.0M $268.4M $345.6M $521.8M $532.9M $337.6M $183.8M $164.8M $143.7M $89.90M $65.30M
YoY Change 7.05% 18.34% -7.41% -24.24% -1.81% -5.12% -28.62% -48.03% -23.88% 13.9% 28.09% 12.43% 11.4% -22.33% -33.77% -2.08% 57.85% 83.68% 11.53% 14.68% 59.84% 37.67%
% of Gross Profit 41.7% 15.38% 23.61% 53.19% 36.8% 30.75% 40.33% 78.37% 118.72% 71.71% 60.38% 52.35% 39.77% 50.07% 85.23% 53.41% 61.04% 49.29% 36.13% 37.89% 40.33% 54.62% 44.51%
Operating Expenses $245.5M $242.5M $193.8M $183.0M $232.0M $234.2M $237.6M $296.2M $487.4M $625.8M $557.6M $464.6M $412.5M $374.6M $399.1M $584.9M $587.3M $391.6M $220.3M $203.5M $176.5M $103.3M $79.20M
YoY Change 1.23% 25.15% 5.88% -21.12% -0.94% -1.43% -19.78% -39.23% -22.12% 12.23% 20.02% 12.63% 10.12% -6.14% -31.77% -0.41% 49.97% 77.76% 8.26% 15.3% 70.86% 30.43%
Operating Profit $29.49M $454.1M $189.7M $801.0K $118.5M $247.0M $110.0M -$330.6M -$172.9M $62.07M $146.7M $169.3M $329.5M $166.8M $6.400M $392.1M $285.8M $293.3M $288.4M $231.4M $179.8M $61.30M $67.50M
YoY Change -93.5% 139.41% 23578.15% -99.32% -52.01% 124.67% -133.26% 91.19% -378.57% -57.7% -13.34% -48.61% 97.53% 2506.08% -98.37% 37.19% -2.56% 1.7% 24.63% 28.7% 193.31% -9.19%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Interest Expense $44.69M $69.44M $70.05M $61.46M $59.57M $48.65M $45.52M -$84.38M -$82.90M -$74.40M -$84.20M $63.27M $52.39M $43.10M -$47.50M -$51.20M -$73.60M $7.000M -$1.100M -$2.100M -$2.500M -$3.100M -$4.200M
YoY Change -35.64% -0.87% 13.97% 3.18% 22.46% 6.86% -153.95% 1.79% 11.42% -11.64% -233.08% 20.76% 21.56% -190.74% -7.23% -30.43% -1151.43% -736.36% -47.62% -16.0% -19.35% -26.19%
% of Operating Profit 151.52% 15.29% 36.93% 7673.28% 50.25% 19.69% 41.4% -119.87% -57.38% 37.37% 15.9% 25.84% -742.19% -13.06% -25.75% 2.39% -0.38% -0.91% -1.39% -5.06% -6.22%
Other Income/Expense, Net -$5.621M -$14.30M $6.165M -$2.978M -$188.0K $3.871M -$5.127M $6.500M -$4.700M $208.0K $100.0K $215.0K $84.00K $710.0K $800.0K $13.40M $6.400M $5.900M $2.700M $300.0K $300.0K $0.00 $300.0K
YoY Change -60.68% -331.87% -307.02% 1484.04% -104.86% -175.5% -178.88% -238.3% -2359.62% 108.0% -53.49% 155.95% -88.17% -11.25% -94.03% 109.38% 8.47% 118.52% 800.0% 0.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Pretax Income $33.94M $284.8M -$49.54M $7.637M -$1.108M $249.4M $67.11M -$292.4M -$1.248B -$16.12M $80.10M $119.5M $264.3M $129.8M -$262.0M -$828.5M $215.8M $306.4M $290.0M $229.5M $177.6M $54.50M $63.60M
YoY Change -88.08% -674.97% -748.62% -789.26% -100.44% 271.56% -122.95% -76.56% 7640.07% -120.12% -32.99% -54.78% 103.66% -149.54% -68.38% -483.92% -29.57% 5.66% 26.36% 29.22% 225.87% -14.31%
Income Tax $18.35M $53.66M -$8.057M -$30.15M -$75.19M $535.0K -$12.57M -$43.40M -$203.0M -$4.459M $28.77M $47.55M $91.52M $11.90M -$74.10M -$269.7M $71.50M $107.3M $101.0M $80.00M $61.20M $52.40M $0.00
% Of Pretax Income 54.05% 18.84% -394.83% 0.21% -18.73% 35.92% 39.78% 34.62% 9.17% 33.13% 35.02% 34.83% 34.86% 34.46% 96.15% 0.0%
Net Earnings $15.60M $231.1M -$41.48M $37.79M $74.09M $248.8M $79.68M -$249.0M -$1.045B -$11.66M $51.32M $71.98M $172.8M $117.9M -$187.9M -$558.8M $144.3M $199.1M $189.0M $149.5M $116.6M $2.000M $63.60M
YoY Change -93.25% -657.28% -209.76% -48.99% -70.23% 212.28% -132.0% -76.17% 8858.92% -122.72% -28.7% -58.35% 46.59% -162.74% -66.37% -487.25% -27.52% 5.34% 26.42% 28.22% 5730.0% -96.86%
Net Earnings / Revenue 2.93% 25.1% -7.43% 10.9% 13.85% 42.85% 16.36% -62.25% -205.95% -1.23% 5.22% 8.23% 17.8% 16.7% -30.75% -45.97% 12.96% 24.87% 32.3% 29.39% 27.59% 1.05% 37.5%
Basic Earnings Per Share $0.11 $1.61 -$0.29 $0.26 $0.52
Diluted Earnings Per Share $0.11 $1.59 -$0.29 $0.26 $0.52 $1.790M $579.2K -$2.605M -$13.76M -$154.8K $682.2K $967.7K $2.335M $1.600M -$2.509M -$7.362M $1.901M $2.836M $2.864M $2.269M $1.794M $30.77K $978.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Cash & Short-Term Investments $173.3M $461.4M $245.8M $43.70M $32.40M $33.30M $99.10M $70.20M $85.40M $23.70M $15.80M $12.20M $4.500M $28.70M $38.20M $357.6M $314.1M $39.20M $187.7M $65.00M $4.000M $19.00M
YoY Change -62.43% 87.7% 462.47% 34.88% -2.7% -66.4% 41.17% -17.8% 260.34% 50.0% 29.51% 171.11% -84.32% -24.87% -89.32% 13.85% 701.28% -79.12% 188.77% 1525.0% -78.95%
Cash & Equivalents $173.3M $461.4M $245.8M $43.70M $32.40M $33.30M $99.10M $70.20M $85.40M $23.70M $15.80M $12.20M $4.500M $28.70M $38.20M $357.6M $314.1M $39.20M $187.7M $65.00M $4.000M $19.00M
Short-Term Investments
Other Short-Term Assets $24.08M $28.76M $47.80M $13.80M $30.70M $76.40M $13.40M $14.50M $26.90M $36.30M $30.00M $25.90M $32.30M $29.20M $28.80M $30.40M $43.60M $49.60M $12.50M $9.300M $6.900M $4.000M
YoY Change -16.27% -39.83% 246.35% -55.05% -59.82% 470.15% -7.59% -46.1% -25.9% 21.0% 15.83% -19.81% 10.62% 1.39% -5.26% -30.28% -12.1% 296.8% 34.41% 34.78% 72.5%
Inventory
Prepaid Expenses
Receivables $67.56M $80.15M $64.66M $49.70M $76.80M $62.40M $65.20M $65.00M $57.00M $110.9M $127.9M $154.2M $124.4M $105.3M $106.3M $119.7M $162.0M $149.0M $83.60M $62.60M $63.30M $44.00M
Other Receivables $0.00 $0.00 $0.00 $0.00 $1.800M $54.10M $13.00M $42.00M $0.00 $0.00 $0.00 $47.90M $0.00 $1.000M $116.0M $36.10M $0.00 $90.90M $0.00 $9.100M $0.00 $0.00
Total Short-Term Assets $265.0M $570.3M $358.3M $107.2M $141.8M $226.2M $190.7M $191.7M $169.3M $170.9M $173.6M $240.1M $161.2M $164.2M $289.3M $543.8M $519.7M $328.7M $283.8M $146.0M $74.20M $66.80M
YoY Change -53.53% 59.18% 234.2% -24.4% -37.31% 18.62% -0.52% 13.23% -0.94% -1.56% -27.7% 48.95% -1.83% -43.24% -46.8% 4.64% 58.11% 15.82% 94.38% 96.77% 11.08%
Property, Plant & Equipment $759.6M $745.6M $675.9M $698.4M $756.7M $515.4M $579.0M $547.1M $990.0M $2.494B $2.276B $2.061B $1.658B $1.220B $994.8M $1.481B $2.263B $2.266B $769.3M $604.2M $459.6M $263.3M
YoY Change 1.88% 10.32% -3.23% -7.7% 46.82% -10.98% 5.83% -44.74% -60.3% 9.58% 10.45% 24.27% 35.91% 22.64% -32.84% -34.53% -0.14% 194.53% 27.33% 31.46% 74.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.182M $2.453M $2.533M $2.700M $2.600M
YoY Change -11.05% -3.16% -6.19% 3.85%
Other Assets $87.27M $113.5M $156.6M $132.3M $102.6M $107.2M $85.80M $38.80M $48.70M $24.80M $57.90M $48.40M $49.60M $39.90M $42.80M $31.00M $29.80M $15.20M $11.40M $10.60M $12.90M $11.00M
YoY Change -23.1% -27.51% 18.34% 28.95% -4.29% 24.94% 121.13% -20.33% 96.37% -57.17% 19.63% -2.42% 24.31% -6.78% 38.06% 4.03% 96.05% 33.33% 7.55% -17.83% 17.27%
Total Long-Term Assets $849.0M $861.5M $834.9M $833.4M $861.9M $622.7M $716.9M $638.0M $1.039B $2.519B $2.334B $2.109B $1.708B $1.260B $1.038B $1.512B $2.293B $2.281B $780.7M $614.8M $472.5M $274.4M
YoY Change -1.45% 3.18% 0.19% -3.31% 38.41% -13.14% 12.37% -38.58% -58.76% 7.92% 10.66% 23.49% 35.54% 21.44% -31.4% -34.03% 0.5% 192.17% 26.98% 30.12% 72.19%
Total Assets $1.114B $1.432B $1.193B $940.6M $1.004B $848.9M $907.6M $829.7M $1.208B $2.690B $2.507B $2.349B $1.869B $1.424B $1.327B $2.056B $2.812B $2.610B $1.065B $760.8M $546.7M $341.2M
YoY Change
Accounts Payable $78.86M $65.16M $67.41M $48.60M $102.3M $82.10M $83.70M $81.00M $109.8M $194.1M $145.2M $123.9M $75.90M $80.40M $115.7M $228.9M $160.0M $247.3M $143.0M $107.2M $57.20M $50.30M
YoY Change 21.02% -3.34% 38.7% -52.49% 24.6% -1.91% 3.33% -26.23% -43.43% 33.68% 17.19% 63.24% -5.6% -30.51% -49.45% 43.06% -35.3% 72.94% 33.4% 87.41% 13.72%
Accrued Expenses $25.61M $27.05M $24.04M $15.80M $25.40M $25.90M $14.50M $9.200M $11.90M $17.40M $18.60M $14.70M $22.50M $25.80M $13.50M $18.30M $65.30M $28.80M $5.700M $8.500M $800.0K $700.0K
YoY Change -5.32% 12.53% 52.14% -37.8% -1.93% 78.62% 57.61% -22.69% -31.61% -6.45% 26.53% -34.67% -12.79% 91.11% -26.23% -71.98% 126.74% 405.26% -32.94% 962.5% 14.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.37M $582.2M $42.96M $0.00 $22.90M $8.300M $0.00 $3.000M $3.000M $271.4M $0.00
YoY Change -94.96% 1255.33% -100.0% 175.9% -100.0% 0.0% -98.89%
Total Short-Term Liabilities $216.9M $792.3M $324.4M $115.0M $190.0M $186.3M $168.3M $203.0M $227.5M $284.5M $293.1M $274.6M $287.9M $241.6M $283.9M $346.9M $308.9M $644.1M $231.7M $156.4M $103.3M $58.10M
YoY Change -72.63% 144.26% 182.07% -39.47% 1.99% 10.7% -17.09% -10.77% -20.04% -2.93% 6.74% -4.62% 19.16% -14.9% -18.16% 12.3% -52.04% 177.99% 48.15% 51.4% 77.8%
Long-Term Debt $361.2M $111.2M $687.9M $625.3M $719.5M $633.5M $969.1M $1.013B $1.197B $1.352B $1.205B $1.088B $717.0M $450.0M $450.0M $650.2M $651.8M $413.6M $40.00M $35.00M $67.00M $99.60M
YoY Change 224.89% -83.84% 10.02% -13.09% 13.58% -34.63% -4.29% -15.41% -11.48% 12.17% 10.83% 51.69% 59.33% 0.0% -30.79% -0.25% 57.59% 934.0% 14.29% -47.76% -32.73%
Other Long-Term Liabilities $504.7M $520.6M $428.0M $408.5M $343.6M $353.8M $343.7M $273.3M $310.2M $368.3M $290.0M $300.3M $260.6M $310.7M $233.9M $486.9M $445.1M $276.2M $115.1M $117.4M $110.1M $0.00
YoY Change -3.05% 21.64% 4.76% 18.89% -2.88% 2.94% 25.76% -11.9% -15.78% 27.0% -3.43% 15.23% -16.12% 32.83% -51.96% 9.39% 61.15% 139.97% -1.96% 6.63%
Total Long-Term Liabilities $865.9M $631.8M $1.116B $1.034B $1.063B $987.3M $1.313B $1.286B $1.507B $1.720B $1.495B $1.388B $977.6M $760.7M $683.9M $1.137B $1.097B $689.8M $155.1M $152.4M $177.1M $99.60M
YoY Change 37.07% -43.39% 7.94% -2.76% 7.68% -24.79% 2.1% -14.68% -12.4% 15.05% 7.75% 41.97% 28.51% 11.23% -39.86% 3.66% 59.02% 344.75% 1.77% -13.95% 77.81%
Total Liabilities $1.083B $1.424B $1.440B $1.149B $1.253B $1.174B $1.481B $1.489B $1.735B $2.180B $1.967B $1.808B $1.324B $1.002B $967.9M $1.484B $1.661B $1.567B $521.1M $400.9M $332.3M $207.9M
YoY Change -23.97% -1.13% 25.37% -8.32% 6.76% -20.75% -0.52% -14.17% -20.44% 10.86% 8.79% 36.5% 32.12% 3.56% -34.78% -10.65% 6.01% 200.67% 29.98% 20.64% 59.84%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Basic Shares Outstanding 146.5M 143.1M 142.3M 141.6M 140.6M
Diluted Shares Outstanding 148.3M 145.1M 142.3M 143.3M 143.7M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $268.19 Million

About W&T OFFSHORE INC

W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 395 full-time employees. The company went IPO on 2005-01-28. The firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The company has a working interest in over 53 offshore producing fields in federal and state waters (which include 44 fields in federal waters and nine in state waters). The firm has under lease approximately 597,100 gross acres (440,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 435,600 gross acres on the conventional shelf, approximately 153,500 gross acres in the deepwater and 8,000 gross acres in Alabama onshore. The firm's wholly owned subsidiaries consists of Aquasition Energy, LLC, Aquasition, LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, Green Hell, LLC, Seaquester, LLC, Seaquestration, LLC, and W & T Energy VI, LLC.

Industry: Crude Petroleum & Natural Gas Peers: Berry Corp (bry) CONOCOPHILLIPS Crescent Energy Co DORCHESTER MINERALS, L.P. Kimbell Royalty Partners, LP Vital Energy, Inc. PERMIAN BASIN ROYALTY TRUST SAN JUAN BASIN ROYALTY TRUST