W&T Offshore Inc (WTI) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, W&T Offshore reported revenue of $501.5M, down 4.5% from $525.3M the year before. Net income was -$150.1M (a -29.9% net margin), or -$1.01 per diluted share. Gross margin was -10.5% and operating margin was -10.5%. Operating activities generated $77.2M of cash. At fiscal year end, W&T Offshore held $955.8M in total assets against $1.16B in total liabilities, including $140.6M of cash and equivalents.
Open the full interactive W&T Offshore financials → Quarterly statements, key ratios, valuation history and price charts.
W&T Offshore Key Stats
| Share Price | $3.83 |
|---|---|
| Market Cap | $603.8M |
| Revenue YoY Growth | -4.5% |
| 52-Week Range | $1.49 – $4.89 |
| Shares Outstanding | 149.7 million (basic, 2026 Q2) |
W&T Offshore Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $346.6M | $558.0M | $921.0M | $532.7M | $525.3M | $501.5M |
| Cost of Goods Sold | $322.0M | $368.3M | $466.9M | $503.2M | $567.5M | $554.3M |
| Gross Profit | $24.6M | $189.7M | $454.1M | $29.5M | -$42.2M | -$52.8M |
| Operating Income | $24.6M | $189.7M | $454.1M | $29.5M | -$42.2M | -$52.8M |
| Pre-Tax Income | $7.6M | -$49.5M | $284.8M | $33.9M | -$97.1M | -$99.1M |
| Income Tax | -$30.2M | -$8.1M | $53.7M | $18.3M | -$10.0M | $50.9M |
| Net Income | $37.8M | -$41.5M | $231.1M | $15.6M | -$87.1M | -$150.1M |
| Diluted EPS | $0.26 | -$0.29 | $1.59 | $0.11 | -$0.59 | -$1.01 |
W&T Offshore Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $127.5M | $121.7M | $150.0M | $162.6M |
| Net Income | -$71.5M | -$27.1M | -$22.5M | $12.6M |
| Diluted EPS | -$0.48 | -$0.18 | -$0.15 | $0.08 |
W&T Offshore Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $43.7M | $245.8M | $461.4M | $173.3M | $109.0M | $140.6M |
| Current Assets | $107.2M | $358.3M | $570.3M | $265.0M | $218.5M | $239.3M |
| Total Assets | $940.6M | $1.19B | $1.43B | $1.11B | $1.10B | $955.8M |
| Current Liabilities | $115.0M | $324.4M | $792.3M | $216.9M | $246.1M | $234.3M |
| Total Long-Term Debt | $625.3M | $730.9M | $693.4M | $390.6M | $393.2M | $350.8M |
| Total Liabilities | $1.15B | $1.44B | $1.42B | $1.08B | $1.15B | $1.16B |
| Shareholders' Equity | -$208.3M | -$247.2M | $7.6M | $31.2M | -$52.6M | -$199.8M |
W&T Offshore Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $108.5M | $133.7M | $339.5M | $115.3M | $59.5M | $77.2M |
| Cash From Investing | -$47.6M | -$27.4M | -$95.1M | -$81.6M | -$118.2M | $21.9M |
| Cash From Financing | -$49.6M | $100.3M | -$28.9M | -$321.7M | -$8.6M | -$69.0M |
Figures from W&T Offshore's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full W&T Offshore financials page for every line item.
W&T Offshore Company Profile
| Ticker | WTI |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001288403 |
Frequently Asked Questions
What was W&T Offshore's revenue in fiscal 2025?
W&T Offshore (WTI) reported revenue of $501.5M for fiscal 2025.
What is W&T Offshore's annual revenue history?
W&T Offshore's annual revenue by fiscal year: 2020: $346.6M; 2021: $558.0M; 2022: $921.0M; 2023: $532.7M; 2024: $525.3M; 2025: $501.5M.
What was W&T Offshore's net income in fiscal 2025?
W&T Offshore reported net income of -$150.1M for fiscal 2025.
What was W&T Offshore's earnings per share (EPS) in fiscal 2025?
W&T Offshore's diluted EPS was -$1.01 for fiscal 2025 (adjusted for any later stock splits).
What was W&T Offshore's revenue last quarter?
In its most recent reported quarter (2026 Q2), W&T Offshore reported revenue of $162.6M.
How much debt does W&T Offshore have?
W&T Offshore reported $350.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of W&T Offshore are outstanding?
W&T Offshore reported a weighted average of 149.7 million basic shares outstanding in 2026 Q2.
What is W&T Offshore's market cap?
Based on its latest closing price, W&T Offshore (WTI) has a market capitalization of about $603.8M.
When does W&T Offshore's fiscal year end?
W&T Offshore's fiscal year end, as registered with the SEC, is December 31.
Where is W&T Offshore headquartered?
W&T Offshore lists its business address in Houston, Texas in its SEC filings.