# W&T Offshore Inc. (WTI)

**Exchange:** NYSE  
**Sector:** Energy  
**Market cap:** $609M  
**Price:** $4.11 (-3.97%)

> W&T Offshore Inc. is an independent oil and natural gas exploration and production company headquartered in Houston, Texas. The company focuses its operations in the Gulf of Mexico, where it acquires, explores, develops, and produces offshore oil and gas properties. Its asset base spans both shallow-water shelf and deepwater fields, giving it exposure to a range of reservoir types and production profiles across this key U.S. offshore basin. W&T Offshore produces crude oil, natural gas, and natural gas liquids, selling these hydrocarbons directly at or near the wellhead into established energy markets. The company also manages the infrastructure required to support offshore production, including gathering, processing, and related field systems. Operating within the energy sector’s exploration and production segment, W&T Offshore plays a role in supplying hydrocarbons that feed U.S. refining, petrochemical, power generation, and industrial demand. Founded in 1983 and active in the Gulf of Mexico since then, it remains focused on offshore upstream activities in this region.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $501M | — | -$53M | -$150M | — |
| 2024 | $525M | — | -$42M | -$87M | — |
| 2023 | $533M | — | $29M | $16M | — |
| 2022 | $921M | — | $454M | $231M | — |
| 2021 | $558M | — | $190M | -$41M | — |
| 2020 | $347M | — | $801,000 | $38M | — |
| 2019 | $535M | — | $119M | $74M | — |
| 2018 | $581M | — | $247M | $249M | — |
| 2017 | $487M | — | $110M | $80M | — |
| 2016 | $400M | — | -$331M | -$249M | — |
| 2015 | $507M | — | -$1.15B | -$1.04B | — |
| 2014 | $949M | — | $62M | -$12M | — |
| 2013 | $984M | — | $147M | $51M | — |
| 2012 | $874M | — | $169M | $72M | — |
| 2011 | $971M | — | $329M | $173M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $956M | — | -$200M | $141M | $351M |
| 2024 | $1.10B | — | -$53M | $109M | $393M |
| 2023 | $1.11B | — | $31M | $173M | $391M |
| 2022 | $1.43B | — | $8M | $461M | $693M |
| 2021 | $1.19B | — | -$247M | $246M | $731M |
| 2020 | $941M | — | -$208M | $44M | $625M |
| 2019 | $1.00B | — | -$249M | $32M | $720M |
| 2018 | $849M | — | -$325M | $33M | $634M |
| 2017 | $908M | — | -$574M | $99M | $992M |
| 2016 | $830M | — | -$659M | $70M | $1.02B |
| 2015 | $1.21B | — | -$526M | $85M | $1.20B |
| 2014 | $2.69B | — | $509M | $24M | $1.35B |
| 2013 | $2.51B | — | $541M | $16M | $1.21B |
| 2012 | $2.35B | — | $541M | $12M | $1.09B |
| 2011 | $1.87B | — | $545M | $5M | $717M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $77M | — | — |
| 2024 | $60M | — | — |
| 2023 | $115M | — | — |
| 2022 | $340M | — | — |
| 2021 | $134M | — | — |
| 2020 | $109M | — | — |
| 2019 | $232M | — | — |
| 2018 | $322M | $17M | $305M |
| 2017 | $159M | — | — |
| 2016 | $14M | — | — |
| 2013 | $561M | — | — |
| 2012 | $385M | — | — |
| 2011 | $521M | — | — |
| 2010 | $465M | — | — |
| 2009 | $156M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/WTI)