WTI Q2 2024 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$143M+13.1% YoY

Gross Profit

$15M10.6% margin

Operating Income

-$6M-4.4% margin

Net Income

-$15M-10.8% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

$31M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$5M

Cash & Equivalents

$123M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$143M	$126M	+13.1%
Gross Profit	$15M	$91M	-83.4%
Operating Income	-$6M	$71,000	-8883.1%
Net Income	-$15M	-$12M	-27.1%

Revenue Segments

Oil and Condensate

$111M78%

Natural Gas, Production

$22M15%

Natural Gas Liquids

$8M6%

Product and Service, Other

$2M1%