WTI Q2 2022 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q2 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$274M+106.1% YoY

Gross Profit

$237M86.5% margin

Operating Income

$162M59.3% margin

Net Income

$123M45.1% margin

EPS (Diluted)

$0.85

QoQ Revenue Growth

+43.4%

Cash Flow

Operating Cash Flow

$210M

Free Cash Flow

$185M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.6B

Stockholders' Equity

-$124M

Cash & Equivalents

$378M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$274M	$133M	+106.1%
Gross Profit	$237M	$101M	+134.3%
Operating Income	$162M	$34M	+383.7%
Net Income	$123M	-$52M	+338.9%

Revenue Segments

Oil and Condensate

$159M58%

Natural Gas, Production

$92M34%

Natural Gas Liquids

$17M6%

Product and Service, Other

$5M2%