W&T Offshore IncW&T Offshore Inc
W&T Offshore Inc

W&T Offshore Inc

WTI
Energy·Oil, Gas & Consumable Fuels

Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$501.5M−4.5% YoY
Net income
$-150.1M−72.2% YoY
Free cash flow
$27.9M+147.7% YoY

Market

Listed stock
WTIPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$501.5M−4.5% YoY
Operating income
$-52.8M−25.1% YoY
Net income
$-150.1M−72.2% YoY
Free cash flow
$27.9M+147.7% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $558M, 2022 $921M, 2023 $532.7M, 2024 $525.3M, 2025 $501.5M. Operating income: 2021 $189.7M, 2022 $454.1M, 2023 $29.5M, 2024 $-42.2M, 2025 $-52.8M. Net income: 2021 $-41.5M, 2022 $231.1M, 2023 $15.6M, 2024 $-87.1M, 2025 $-150.1M. Free cash flow: 2021 $100.9M, 2022 $246.4M, 2023 $46.7M, 2024 $-58.5M, 2025 $27.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-4.5%−314 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $189.7M, 2022-12-31 $454.1M, 2023-12-31 $29.5M, 2024-12-31 $-42.2M, 2025-12-31 $-52.8M. Net income: 2021-12-31 $-41.5M, 2022-12-31 $231.1M, 2023-12-31 $15.6M, 2024-12-31 $-87.1M, 2025-12-31 $-150.1M. Free cash flow: 2021-12-31 $100.9M, 2022-12-31 $246.4M, 2023-12-31 $46.7M, 2024-12-31 $-58.5M, 2025-12-31 $27.9M

Growth heatmap

2022202320242025CAGR
Revenue
+65.1%
-42.2%
-1.4%
-4.5%
-2.6%
Gross profit
-31.4%
+96.7%
+170.4%
+464.6%
No data
Operating income
+139.4%
-93.5%
-243.1%
-25.1%
No data
Free cash flow
+144.1%
-81.1%
-225.3%
+147.7%
-27.5%

Earnings quality

Operating cash flow
$77.2M+29.7% YoY
Net income
$-150.1M−72.2% YoY
Free cash flow
$27.9M+147.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -51%, 2024-12-31 -68%, 2023-12-31 739%, 2022-12-31 147%, 2021-12-31 -322%. Free cash flow: 2025-12-31 -19%, 2024-12-31 67%, 2023-12-31 299%, 2022-12-31 107%, 2021-12-31 -243%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data