WTI Q3 2022 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q3 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$266M+98.9% YoY

Gross Profit

$168M63.0% margin

Operating Income

$138M51.8% margin

Net Income

$67M25.0% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$81M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.5B

Stockholders' Equity

-$55M

Cash & Equivalents

$447M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$134M	+98.9%
Gross Profit	$168M	$107M	+57.5%
Operating Income	$138M	$48M	+186.7%
Net Income	$67M	-$38M	+275.7%

Revenue Segments

Oil and Condensate

$131M49%

Natural Gas, Production

$114M43%

Natural Gas Liquids

$17M6%

Product and Service, Other

$5M2%