
W&T Offshore Inc
NYSE:WTI

Income Statement
Earnings Waterfall
W&T Offshore Inc
Revenue
|
525.3m
USD
|
Cost of Revenue
|
-281.5m
USD
|
Gross Profit
|
243.8m
USD
|
Operating Expenses
|
-286m
USD
|
Operating Income
|
-42.2m
USD
|
Other Expenses
|
-45m
USD
|
Net Income
|
-87.1m
USD
|
Income Statement
W&T Offshore Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
949
N/A
|
822
-13%
|
708
-14%
|
600
-15%
|
507
-15%
|
457
-10%
|
408
-11%
|
389
-5%
|
400
+3%
|
447
+12%
|
470
+5%
|
473
+1%
|
487
+3%
|
497
+2%
|
523
+5%
|
566
+8%
|
581
+3%
|
563
-3%
|
548
-3%
|
526
-4%
|
535
+2%
|
543
+1%
|
463
-15%
|
404
-13%
|
347
-14%
|
348
+0%
|
426
+22%
|
487
+14%
|
558
+15%
|
623
+12%
|
764
+23%
|
897
+17%
|
921
+3%
|
862
-6%
|
714
-17%
|
590
-17%
|
533
-10%
|
542
+2%
|
558
+3%
|
537
-4%
|
525
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(265)
|
(262)
|
(246)
|
(219)
|
(193)
|
(184)
|
(175)
|
(168)
|
(152)
|
(148)
|
(143)
|
(141)
|
(144)
|
(140)
|
(144)
|
(147)
|
(153)
|
(160)
|
(165)
|
(174)
|
(184)
|
(196)
|
(184)
|
(173)
|
(163)
|
(150)
|
(170)
|
(173)
|
(175)
|
(176)
|
(181)
|
(201)
|
(224)
|
(246)
|
(259)
|
(262)
|
(258)
|
(263)
|
(271)
|
(282)
|
(281)
|
|
Gross Profit |
684
N/A
|
560
-18%
|
462
-17%
|
381
-18%
|
315
-17%
|
273
-13%
|
232
-15%
|
221
-5%
|
248
+12%
|
299
+21%
|
327
+10%
|
333
+2%
|
343
+3%
|
357
+4%
|
379
+6%
|
420
+11%
|
427
+2%
|
403
-6%
|
383
-5%
|
352
-8%
|
351
0%
|
347
-1%
|
280
-19%
|
231
-17%
|
184
-20%
|
198
+8%
|
256
+30%
|
314
+23%
|
383
+22%
|
448
+17%
|
583
+30%
|
696
+19%
|
697
+0%
|
616
-12%
|
455
-26%
|
328
-28%
|
275
-16%
|
278
+1%
|
287
+3%
|
255
-11%
|
244
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(626)
|
(623)
|
(599)
|
(561)
|
(487)
|
(421)
|
(373)
|
(325)
|
(296)
|
(270)
|
(253)
|
(239)
|
(238)
|
(228)
|
(233)
|
(236)
|
(234)
|
(183)
|
(183)
|
(179)
|
(232)
|
(237)
|
(218)
|
(206)
|
(183)
|
(167)
|
(179)
|
(181)
|
(194)
|
(175)
|
(101)
|
(51)
|
(243)
|
(249)
|
(250)
|
(244)
|
(245)
|
(259)
|
(274)
|
(279)
|
(286)
|
|
Selling, General & Administrative |
(115)
|
(110)
|
(110)
|
(104)
|
(93)
|
(89)
|
(87)
|
(84)
|
(85)
|
(83)
|
(82)
|
(84)
|
(82)
|
(83)
|
(80)
|
(82)
|
(84)
|
(85)
|
(86)
|
(80)
|
(84)
|
(83)
|
(72)
|
(75)
|
(63)
|
(59)
|
(70)
|
(71)
|
(80)
|
(82)
|
(86)
|
(101)
|
(109)
|
(116)
|
(116)
|
(107)
|
(102)
|
(104)
|
(110)
|
(109)
|
(111)
|
|
Depreciation & Amortization |
(491)
|
(493)
|
(468)
|
(436)
|
(373)
|
(312)
|
(266)
|
(220)
|
(194)
|
(170)
|
(153)
|
(138)
|
(139)
|
(137)
|
(136)
|
(137)
|
(131)
|
(127)
|
(126)
|
(127)
|
(129)
|
(134)
|
(126)
|
(112)
|
(98)
|
(85)
|
(87)
|
(88)
|
(91)
|
(89)
|
(85)
|
(86)
|
(107)
|
(105)
|
(106)
|
(108)
|
(115)
|
(126)
|
(134)
|
(138)
|
(143)
|
|
Other Operating Expenses |
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(9)
|
(17)
|
(17)
|
(18)
|
29
|
29
|
29
|
(20)
|
(19)
|
(19)
|
(19)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(5)
|
70
|
137
|
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
(32)
|
(32)
|
|
Operating Income |
58
N/A
|
(64)
N/A
|
(136)
-114%
|
(180)
-33%
|
(173)
+4%
|
(148)
+14%
|
(141)
+5%
|
(104)
+26%
|
(49)
+53%
|
28
N/A
|
75
+165%
|
93
+25%
|
106
+13%
|
128
+21%
|
146
+14%
|
184
+26%
|
193
+5%
|
220
+14%
|
200
-9%
|
173
-14%
|
119
-32%
|
111
-7%
|
62
-44%
|
24
-61%
|
1
-97%
|
30
+3 700%
|
77
+152%
|
133
+74%
|
190
+42%
|
272
+44%
|
482
+77%
|
646
+34%
|
454
-30%
|
367
-19%
|
205
-44%
|
84
-59%
|
29
-65%
|
19
-35%
|
13
-33%
|
(23)
N/A
|
(42)
-80%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(74)
|
(69)
|
(62)
|
(72)
|
(83)
|
(87)
|
(96)
|
(104)
|
(95)
|
(78)
|
(51)
|
(41)
|
(42)
|
(46)
|
(56)
|
(53)
|
5
|
(49)
|
(41)
|
(38)
|
(120)
|
(9)
|
(29)
|
(46)
|
(38)
|
(122)
|
(190)
|
(257)
|
(245)
|
(330)
|
(323)
|
(360)
|
(155)
|
(31)
|
(31)
|
16
|
10
|
(20)
|
(23)
|
(21)
|
(37)
|
|
Non-Reccuring Items |
0
|
(260)
|
(513)
|
(955)
|
(987)
|
(844)
|
(695)
|
(188)
|
(155)
|
(39)
|
74
|
8
|
8
|
0
|
0
|
0
|
47
|
0
|
0
|
0
|
0
|
19
|
48
|
48
|
48
|
29
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
(2)
|
(3)
|
(5)
|
(6)
|
(4)
|
(3)
|
7
|
8
|
2
|
2
|
(5)
|
(5)
|
1
|
1
|
4
|
3
|
3
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
6
|
6
|
8
|
8
|
(14)
|
(14)
|
(15)
|
(17)
|
(6)
|
(11)
|
(12)
|
(26)
|
(18)
|
|
Pre-Tax Income |
(16)
N/A
|
(393)
-2 324%
|
(712)
-81%
|
(1 210)
-70%
|
(1 248)
-3%
|
(1 085)
+13%
|
(937)
+14%
|
(398)
+57%
|
(292)
+27%
|
(80)
+73%
|
101
N/A
|
63
-38%
|
67
+7%
|
78
+16%
|
90
+15%
|
132
+47%
|
249
+89%
|
174
-30%
|
163
-7%
|
137
-16%
|
(1)
N/A
|
119
N/A
|
80
-33%
|
25
-69%
|
8
-69%
|
(66)
N/A
|
(116)
-76%
|
(125)
-8%
|
(50)
+60%
|
(52)
-4%
|
167
N/A
|
294
+76%
|
285
-3%
|
323
+13%
|
159
-51%
|
83
-48%
|
34
-59%
|
(11)
N/A
|
(22)
-98%
|
(70)
-220%
|
(97)
-38%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
5
|
115
|
164
|
184
|
203
|
104
|
96
|
81
|
43
|
46
|
19
|
10
|
119
|
111
|
102
|
107
|
0
|
(0)
|
12
|
67
|
75
|
69
|
66
|
32
|
30
|
37
|
41
|
26
|
8
|
9
|
(35)
|
(58)
|
(54)
|
(63)
|
(35)
|
(23)
|
(18)
|
(11)
|
(3)
|
6
|
10
|
|
Income from Continuing Operations |
(12)
|
(278)
|
(548)
|
(1 027)
|
(1 045)
|
(980)
|
(841)
|
(317)
|
(249)
|
(34)
|
120
|
73
|
186
|
189
|
192
|
239
|
249
|
174
|
174
|
204
|
74
|
188
|
146
|
56
|
38
|
(29)
|
(75)
|
(99)
|
(41)
|
(43)
|
132
|
237
|
231
|
260
|
124
|
59
|
16
|
(22)
|
(25)
|
(64)
|
(87)
|
|
Net Income (Common) |
(12)
N/A
|
(278)
-2 295%
|
(548)
-97%
|
(1 027)
-87%
|
(1 045)
-2%
|
(980)
+6%
|
(841)
+14%
|
(317)
+62%
|
(249)
+21%
|
(34)
+86%
|
120
N/A
|
73
-39%
|
80
+9%
|
83
+4%
|
86
+3%
|
133
+55%
|
249
+87%
|
174
-30%
|
174
0%
|
202
+16%
|
73
-64%
|
185
+155%
|
144
-22%
|
56
-61%
|
37
-33%
|
(29)
N/A
|
(74)
-161%
|
(99)
-33%
|
(41)
+58%
|
(43)
-4%
|
132
N/A
|
237
+79%
|
231
-2%
|
260
+12%
|
124
-52%
|
59
-52%
|
16
-74%
|
(22)
N/A
|
(25)
-15%
|
(64)
-155%
|
(87)
-36%
|
|
EPS (Diluted) |
-0.15
N/A
|
-3.66
-2 340%
|
-7.22
-97%
|
-13.52
-87%
|
-13.76
-2%
|
-12.82
+7%
|
-10.98
+14%
|
-3.43
+69%
|
-2.6
+24%
|
-0.24
+91%
|
0.87
N/A
|
0.53
-39%
|
0.57
+8%
|
0.59
+4%
|
0.61
+3%
|
0.95
+56%
|
1.79
+88%
|
1.25
-30%
|
1.24
-1%
|
1.44
+16%
|
0.52
-64%
|
1.32
+154%
|
1.02
-23%
|
0.4
-61%
|
0.26
-35%
|
-0.21
N/A
|
-0.52
-148%
|
-0.7
-35%
|
-0.29
+59%
|
-0.3
-3%
|
0.91
N/A
|
1.64
+80%
|
1.59
-3%
|
1.74
+9%
|
0.85
-51%
|
0.4
-53%
|
0.11
-73%
|
-0.15
N/A
|
-0.17
-13%
|
-0.44
-159%
|
-0.59
-34%
|