WTI Q1 2022 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q1 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$191M+52.0% YoY

Gross Profit

$118M61.6% margin

Operating Income

$98M51.1% margin

Net Income

-$2M-1.3% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+15.3%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

-$20M

Stock-Based Comp.

$520,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.6B

Stockholders' Equity

-$249M

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$126M	+52.0%
Gross Profit	$118M	$99M	+19.4%
Operating Income	$98M	$40M	+146.4%
Net Income	-$2M	-$746,000	-229.4%

Revenue Segments

Oil and Condensate

$123M64%

Natural Gas, Production

$51M27%

Natural Gas Liquids

$14M7%

Product and Service, Other

$3M2%