WTI Q1 2024 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$141M+6.9% YoY

Gross Profit

$21M14.6% margin

Operating Income

-$4,000-0.0% margin

Net Income

-$11M-8.1% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

-$76M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$21M

Cash & Equivalents

$95M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$141M	$132M	+6.9%
Gross Profit	$21M	$103M	-80.1%
Operating Income	-$4,000	$10M	-100.0%
Net Income	-$11M	$26M	-144.1%

Revenue Segments

Oil and Condensate

$107M76%

Natural Gas, Production

$22M15%

Natural Gas Liquids

$7M5%

Product and Service, Other

$5M3%