WTI Q1 2023 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$132M-31.0% YoY

Gross Profit

$103M78.2% margin

Operating Income

$10M7.9% margin

Net Income

$26M19.7% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-30.6%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$16M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$35M

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$191M	-31.0%
Gross Profit	$103M	$118M	-12.5%
Operating Income	$10M	$98M	-89.4%
Net Income	$26M	-$2M	+1158.4%

Revenue Segments

Oil and Condensate

$97M74%

Natural Gas, Production

$25M19%

Natural Gas Liquids

$8M6%

Product and Service, Other

$2M2%