WTI Q2 2023 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$126M-53.9% YoY

Gross Profit

$91M72.3% margin

Operating Income

$71,0000.1% margin

Net Income

-$12M-9.6% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$25M

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$126M	$274M	-53.9%
Gross Profit	$91M	$237M	-61.5%
Operating Income	$71,000	$162M	-100.0%
Net Income	-$12M	$123M	-109.8%

Revenue Segments

Oil and Condensate

$90M71%

Natural Gas, Production

$23M19%

Natural Gas Liquids

$10M8%

Product and Service, Other

$2M2%