W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
Revenue of W&T Offshore, Inc. (WTI)
Revenue in 2023 (TTM): $532.66 M
According to W&T Offshore, Inc.'s latest financial reports the company's current revenue (TTM) is $532.66 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of W&T Offshore, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $532.66 M | $391.73 M | $170.99 M | $33.94 M | $15.6 M |
| 2022 | $921 M | $527.83 M | $587.71 M | $284.81 M | $231.15 M |
| 2021 | $558.01 M | $416.64 M | $301.01 M | $-49,535,000 | $-41,478,000 |
| 2020 | $346.63 M | $205.4 M | $144.89 M | $7.64 M | $37.79 M |
| 2019 | $534.9 M | $357.92 M | $207.15 M | $-1,108,000 | $74.09 M |
| 2018 | $580.71 M | $406.64 M | $396.88 M | $249.36 M | $248.83 M |
| 2017 | $487.1 M | $309.23 M | $265.63 M | $67.11 M | $79.68 M |
| 2016 | $399.99 M | $163.56 M | $11.48 M | $-292,396,000 | $-249,020,000 |
| 2015 | $507.27 M | $93.04 M | $-756,295,000 | $-1,247,702,000 | $-1,044,718,000 |
| 2014 | $948.71 M | $409.85 M | $573.17 M | $-16,120,000 | $-11,661,000 |
| 2013 | $984.09 M | $507.91 M | $598.26 M | $80.1 M | $51.32 M |
| 2012 | $874.49 M | $497.54 M | $525.76 M | $119.53 M | $71.98 M |
| 2011 | $971.05 M | $949.85 M | $635.64 M | $264.33 M | $172.82 M |
| 2010 | $705.78 M | $688.11 M | $461.6 M | $129.79 M | $117.89 M |
| 2009 | $611 M | $391.91 M | $120.59 M | $-262,030,000 | $-187,919,000 |
| 2008 | $1.22 B | $1.19 B | $-271,997,000 | $-828,482,000 | $-558,819,000 |
| 2007 | $1.11 B | $863.47 M | $763.75 M | $215.76 M | $144.3 M |
| 2006 | $800.47 M | $673.12 M | $669.16 M | $306.35 M | $199.1 M |
| 2005 | $585.14 M | $500.68 M | $481.66 M | $290.03 M | $189.02 M |
| 2004 | $508.72 M | $412.35 M | $396.6 M | $229.49 M | $149.48 M |
| 2003 | $422.59 M | $346.73 M | $323.96 M | $177.59 M | $116.58 M |
| 2002 | $191.34 M | $187.59 M | $147.4 M | $54.46 M | $2.05 M |
| 2001 | $169.59 M | $77.15 M | $67.47 M | $63.57 M | $63.57 M |
| 2000 | $104.05 M | $58.8 M | $52.4 M | $48.2 M | $48.2 M |