WTI Q4 2023 Earnings — W&T Offshore, Inc. Revenue & Financial Results | Market Cap Arena

WTIW&T Offshore, Inc.

$386M

Q4 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$132M-30.2% YoY

Gross Profit

$92M69.6% margin

Operating Income

$2M1.4% margin

Net Income

-$443,000-0.3% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$25M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$31M

Cash & Equivalents

$173M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$190M	-30.2%
Gross Profit	$92M	$154M	-40.2%
Operating Income	$2M	$56M	-96.8%
Net Income	-$443,000	$43M	-101.0%

Revenue Segments

Oil and Condensate

$94M71%

Natural Gas, Production

$29M22%

Natural Gas Liquids

$7M5%

Product and Service, Other

$2M2%