WTI Q3 2024 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q3 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$121M-14.8% YoY

Gross Profit

$81M66.8% margin

Operating Income

-$19M-15.6% margin

Net Income

-$37M-30.4% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

-15.0%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$5M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.2B

Stockholders' Equity

-$32M

Cash & Equivalents

$127M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$142M	-14.8%
Gross Profit	$81M	$99M	-18.2%
Operating Income	-$19M	$17M	-209.7%
Net Income	-$37M	$2M	-1821.3%

Revenue Segments

Oil and Condensate

$91M75%

Natural Gas, Production

$23M19%

Natural Gas Liquids

$6M5%

Product and Service, Other

$2M1%