WTI Q3 2023 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$142M-46.6% YoY

Gross Profit

$99M69.6% margin

Operating Income

$17M12.1% margin

Net Income

$2M1.5% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+12.9%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

-$17M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$30M

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$142M	$266M	-46.6%
Gross Profit	$99M	$168M	-40.9%
Operating Income	$17M	$138M	-87.5%
Net Income	$2M	$67M	-96.8%

Revenue Segments

Oil and Condensate

$100M70%

Natural Gas, Production

$33M23%

Natural Gas Liquids

$7M5%

Product and Service, Other

$2M2%