What is W&T Offshore's earnings per share (EPS)?

W&T Offshore (WTI) reported diluted earnings per share of $-1.01 for fiscal year 2025. This represents a -71.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

W&T Offshore Financials

WTI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows W&T Offshore (WTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

W&T Offshore passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.51x

For every $1 of reported earnings, W&T Offshore generates $-0.51 in operating cash flow ($77.2M OCF vs -$150.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$501.5M

YoY-4.5%

5Y CAGR+7.7%

10Y CAGR-0.1%

W&T Offshore generated $501.5M in revenue in fiscal year 2025. This represents a decrease of 4.5% from the prior year.

EBITDA

$63.6M

YoY-36.9%

5Y CAGR-8.4%

W&T Offshore's EBITDA was $63.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.9% from the prior year.

Net Income

-$150.1M

YoY-72.2%

W&T Offshore reported -$150.1M in net income in fiscal year 2025. This represents a decrease of 72.2% from the prior year.

EPS (Diluted)

$-1.01

YoY-71.2%

W&T Offshore earned $-1.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 71.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$140.6M

YoY+28.9%

5Y CAGR+26.3%

10Y CAGR+5.1%

W&T Offshore held $140.6M in cash against $342.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

-10.5%

YoY-2.5pp

5Y CAGR-10.8pp

10Y CAGR+215.3pp

W&T Offshore's operating margin was -10.5% in fiscal year 2025, reflecting core business profitability. This is down 2.5 percentage points from the prior year.

Net Margin

-29.9%

YoY-13.3pp

5Y CAGR-40.8pp

10Y CAGR+176.0pp

W&T Offshore's net profit margin was -29.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.3 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WTI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$501.5M-4.5%	$525.3M-1.4%	$532.7M-42.2%	$921.0M+65.1%	$558.0M+61.0%	$346.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$80.0M-3.0%	$82.4M+9.1%	$75.5M+2.4%	$73.7M+40.7%	$52.4M+25.5%	$41.7M
Operating Income	-$52.8M-25.1%	-$42.2M-243.1%	$29.5M-93.5%	$454.1M+139.4%	$189.7M+23578.2%	$801K
Interest Expense	N/A	N/A	$44.7M-35.6%	$69.4M-0.9%	$70.0M+14.0%	$61.5M
Income Tax	$50.9M+610.0%	-$10.0M-154.4%	$18.3M-65.8%	$53.7M+766.0%	-$8.1M+73.3%	-$30.2M
Net Income	-$150.1M-72.2%	-$87.1M-658.7%	$15.6M-93.3%	$231.1M+657.3%	-$41.5M-209.8%	$37.8M
EPS (Diluted)	$-1.01-71.2%	$-0.59-636.4%	$0.11-93.1%	$1.59+648.3%	$-0.29-211.5%	$0.26

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$121.7M-4.6%	$127.5M+4.2%	$122.4M-5.8%	$129.9M+7.9%	$120.3M-0.8%	$121.4M-15.0%	$142.8M+1.4%	$140.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$20.6M-4.1%	$21.5M+21.7%	$17.7M-12.3%	$20.2M-3.1%	$20.8M+5.5%	$19.7M-7.6%	$21.4M+4.1%	$20.5M
Operating Income	-$19.1M-51.4%	-$12.6M+1.9%	-$12.9M-55.9%	-$8.2M+51.5%	-$17.0M+10.4%	-$19.0M-204.1%	-$6.2M-155800.0%	-$4K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$10.1M
Income Tax	$1.9M-96.5%	$56.0M+2450.6%	-$2.4M+48.4%	-$4.6M-149.6%	-$1.8M+59.3%	-$4.5M+2.0%	-$4.6M-543.6%	$1.0M
Net Income	-$27.1M+62.0%	-$71.5M-242.2%	-$20.9M+31.7%	-$30.6M-30.9%	-$23.4M+36.7%	-$36.9M-139.9%	-$15.4M-34.1%	-$11.5M
EPS (Diluted)	N/A	$-0.48-242.9%	$-0.14+33.3%	$-0.21	N/A	$-0.25-150.0%	$-0.10-25.0%	$-0.08

WTI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$955.8M-13.0%	$1.1B-1.4%	$1.1B-22.2%	$1.4B+20.0%	$1.2B+26.9%	$940.6M
Current Assets	$239.3M+9.5%	$218.5M-17.6%	$265.0M-53.5%	$570.3M+59.2%	$358.3M+234.1%	$107.2M
Cash & Equivalents	$140.6M+28.9%	$109.0M-37.1%	$173.3M-62.4%	$461.4M+87.7%	$245.8M+462.1%	$43.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$59.6M-6.2%	$63.6M+22.0%	$52.1M-21.3%	$66.1M+20.4%	$54.9M+41.4%	$38.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B+0.4%	$1.2B+6.3%	$1.1B-24.0%	$1.4B-1.1%	$1.4B+25.4%	$1.1B
Current Liabilities	$234.3M-4.8%	$246.1M+13.5%	$216.9M-72.6%	$792.3M+144.3%	$324.4M+182.1%	$115.0M
Long-Term Debt	$342.4M-6.4%	$365.9M+1.3%	$361.2M+224.9%	$111.2M-83.8%	$687.9M+10.0%	$625.3M
Total Equity	-$199.8M-279.9%	-$52.6M-268.6%	$31.2M+308.6%	$7.6M+103.1%	-$247.2M-18.7%	-$208.3M
Retained Earnings	-$780.3M-25.1%	-$623.8M-17.6%	-$530.7M+2.6%	-$544.8M+29.8%	-$775.9M-5.6%	-$734.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$955.8M-0.5%	$960.6M-6.2%	$1.0B-0.1%	$1.0B-6.7%	$1.1B-2.5%	$1.1B-1.9%	$1.1B+2.0%	$1.1B
Current Assets	$239.3M+4.4%	$229.3M-3.7%	$237.9M+7.2%	$221.9M+1.6%	$218.5M-3.5%	$226.4M-8.7%	$247.9M+19.4%	$207.7M
Cash & Equivalents	$140.6M+12.6%	$124.8M+3.4%	$120.7M+14.0%	$105.9M-2.8%	$109.0M-13.9%	$126.5M+2.6%	$123.4M+30.1%	$94.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$59.6M+4.1%	$57.3M-1.5%	$58.2M-10.5%	$65.0M+2.3%	$63.6M+22.2%	$52.0M-27.3%	$71.5M+6.9%	$67.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B+2.0%	$1.1B+0.6%	$1.1B+1.7%	$1.1B-3.8%	$1.2B-0.6%	$1.2B+1.3%	$1.1B+3.4%	$1.1B
Current Liabilities	$234.3M+12.4%	$208.5M+3.9%	$200.6M+6.7%	$187.9M-23.6%	$246.1M+6.3%	$231.6M-1.2%	$234.4M+22.1%	$192.0M
Long-Term Debt	$342.4M+0.1%	$341.8M-2.2%	$349.5M0.0%	$349.5M-4.5%	$365.9M-1.5%	$371.6M-1.4%	$377.0M-1.9%	$384.2M
Total Equity	-$199.8M-15.8%	-$172.5M-67.9%	-$102.7M-24.1%	-$82.8M-57.5%	-$52.6M-66.9%	-$31.5M-729.6%	$5.0M-75.9%	$20.8M
Retained Earnings	-$780.3M-3.8%	-$751.5M-10.8%	-$678.5M-3.4%	-$655.9M-5.1%	-$623.8M-4.2%	-$598.9M-6.9%	-$560.5M-3.1%	-$543.6M

WTI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$77.2M+29.7%	$59.5M-48.4%	$115.3M-66.0%	$339.5M+154.0%	$133.7M+23.2%	$108.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$21.9M+118.5%	-$118.2M-44.8%	-$81.6M+14.2%	-$95.1M-246.5%	-$27.4M+42.4%	-$47.6M
Financing Cash Flow	-$69.0M-706.3%	-$8.6M+97.3%	-$321.7M-1013.6%	-$28.9M-128.8%	$100.3M+302.1%	-$49.6M
Dividends Paid	$6.0M+1.8%	$5.9M+302.6%	$1.5M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$25.9M-2.2%	$26.5M-5.1%	$28.0M+974.9%	-$3.2M+26.0%	-$4.3M-129.2%	$14.8M-60.6%	$37.4M+221.6%	$11.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$9.8M+53.2%	-$20.9M-93.9%	-$10.8M-117.0%	$63.3M+547.3%	-$14.1M-46.6%	-$9.6M-42.5%	-$6.8M+92.3%	-$87.6M
Financing Cash Flow	-$1.9M-19.3%	-$1.6M+34.0%	-$2.4M+96.2%	-$63.1M-3144.7%	-$1.9M+0.4%	-$2.0M+8.1%	-$2.1M+16.3%	-$2.5M
Dividends Paid	$1.5M-1.1%	$1.5M+1.1%	$1.5M+0.4%	$1.5M+1.2%	$1.5M+0.1%	$1.5M-0.8%	$1.5M+1.1%	$1.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WTI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-10.5%-2.5pp	-8.0%-13.6pp	5.5%-43.8pp	49.3%+15.3pp	34.0%+33.8pp	0.2%
Net Margin	-29.9%-13.3pp	-16.6%-19.5pp	2.9%-22.2pp	25.1%+32.5pp	-7.4%-18.3pp	10.9%
Return on Equity	N/A	N/A	50.0%-2977.9pp	3027.9%	N/A	N/A
Return on Assets	-15.7%-7.8pp	-7.9%-9.3pp	1.4%-14.7pp	16.1%+19.6pp	-3.5%-7.5pp	4.0%
Current Ratio	1.02+0.1	0.89-0.3	1.22+0.5	0.72-0.4	1.10+0.2	0.93
Debt-to-Equity	-1.71+5.2	-6.96-18.5	11.58-3.0	14.56+17.3	-2.78+0.2	-3.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-15.7%-5.8pp	-9.9%+0.6pp	-10.5%-4.1pp	-6.3%+7.8pp	-14.1%+1.5pp	-15.6%-11.3pp	-4.4%-4.4pp	0.0%
Net Margin	-22.3%+33.8pp	-56.0%-39.0pp	-17.1%+6.5pp	-23.5%-4.1pp	-19.4%+11.0pp	-30.4%-19.6pp	-10.8%-2.6pp	-8.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-307.4%-252.2pp	-55.3%
Return on Assets	-2.8%+4.6pp	-7.4%-5.4pp	-2.0%+0.9pp	-3.0%-0.9pp	-2.1%+1.2pp	-3.3%-1.9pp	-1.3%-0.3pp	-1.0%
Current Ratio	1.02-0.1	1.10-0.1	1.190.0	1.18+0.3	0.89-0.1	0.98-0.1	1.06-0.0	1.08
Debt-to-Equity	-1.71+0.3	-1.98+1.4	-3.40+0.8	-4.22+2.7	-6.96+4.8	-11.79-87.1	75.32+56.8	18.51
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$199.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is W&T Offshore's annual revenue?

W&T Offshore (WTI) reported $501.5M in total revenue for fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is W&T Offshore's revenue growing?

W&T Offshore (WTI) revenue declined by 4.5% year-over-year, from $525.3M to $501.5M in fiscal year 2025.

Is W&T Offshore profitable?

No, W&T Offshore (WTI) reported a net income of -$150.1M in fiscal year 2025, with a net profit margin of -29.9%.

What is W&T Offshore's EBITDA?

W&T Offshore (WTI) had EBITDA of $63.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does W&T Offshore have?

As of fiscal year 2025, W&T Offshore (WTI) had $140.6M in cash and equivalents against $342.4M in long-term debt.

What is W&T Offshore's operating margin?

W&T Offshore (WTI) had an operating margin of -10.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is W&T Offshore's net profit margin?

W&T Offshore (WTI) had a net profit margin of -29.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is W&T Offshore's operating cash flow?

W&T Offshore (WTI) generated $77.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are W&T Offshore's total assets?

W&T Offshore (WTI) had $955.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What is W&T Offshore's current ratio?

W&T Offshore (WTI) had a current ratio of 1.02 as of fiscal year 2025, which is considered adequate.

What is W&T Offshore's debt-to-equity ratio?

W&T Offshore (WTI) had a debt-to-equity ratio of -1.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is W&T Offshore's return on assets (ROA)?

W&T Offshore (WTI) had a return on assets of -15.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is W&T Offshore's debt-to-equity ratio negative or unusual?

W&T Offshore (WTI) has negative shareholder equity of -$199.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is W&T Offshore's Piotroski F-Score?

W&T Offshore (WTI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are W&T Offshore's earnings high quality?

W&T Offshore (WTI) has an earnings quality ratio of -0.51x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.