WTI Q4 2022 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q4 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$190M+14.6% YoY

Gross Profit

$154M81.2% margin

Operating Income

$56M29.5% margin

Net Income

$43M22.9% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

-28.8%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$933,000

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.4B

Stockholders' Equity

$8M

Cash & Equivalents

$461M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$190M	$166M	+14.6%
Gross Profit	$154M	$151M	+2.1%
Operating Income	$56M	$247M	-77.4%
Net Income	$43M	$49M	-11.2%

Revenue Segments

Oil and Condensate

$112M59%

Natural Gas, Production

$66M35%

Natural Gas Liquids

$10M5%

Product and Service, Other

$2M1%