W&T Offshore is an independent oil and natural gas acquisition, exploitation and exploration company which is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico.

TypePublic
HQHouston, US
Founded1983
Size (employees)302 (est)
Websitewtoffshore.com
W&T Offshore was founded in 1983 and is headquartered in Houston, US
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W&T Offshore Office Locations

W&T Offshore has offices in Houston and New Orleans
Houston, US (HQ)
300 9 Greenway Plaza
New Orleans, US
1100 1100 Poydras St
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W&T Offshore Financials and Metrics

W&T Offshore Revenue

W&T Offshore's revenue was reported to be $487.10 m in FY, 2017
USD

Revenue (Q2, 2018)

283.8 m

Gross profit (Q2, 2018)

273.8 m

Gross profit margin (Q2, 2018), %

96.5%

Net income (Q2, 2018)

63.7 m

EBIT (Q2, 2018)

87.2 m

Market capitalization (20-Sep-2018)

1.1 b

Closing stock price (20-Sep-2018)

7.6

Cash (30-Jun-2018)

129.4 m
W&T Offshore's current market capitalization is $1.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

196.7 m104.1 m115.2 m487.1 m

Revenue growth, %

(47%)11%

General and administrative expense

59.7 m

Operating expense total

377.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

244.6 m254.5 m263 m234.5 m127.9 m149.1 m126.2 m77.7 m99.7 m107.4 m124.4 m123.3 m134.2 m283.8 m

Cost of goods sold

10 m

Gross profit

273.8 m

Gross profit Margin, %

96%
Annual
USDFY, 2013FY, 2014FY, 2016FY, 2017

Cash

15.8 m23.7 m70.2 m99.1 m

Accounts Receivable

2 m53.2 m

Inventories

276.5 k4.4 m

Current Assets

173.6 m182.6 m191.7 m190.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

15.2 m20.3 m23.8 m17.2 m8.4 m5.7 m7.5 m370.6 m171.8 m73.4 m126.1 m72.3 m130.7 m129.4 m

Current Assets

181.2 m172 m183.6 m180.4 m105.8 m124.3 m123.7 m438.6 m250.7 m143 m217 m165.6 m278.8 m286.6 m

Total Assets

2.4 b2.5 b2.5 b2.7 b2.3 b2.1 b1.6 b1.3 b998.4 m832.6 m854.5 m875 m942.2 m958.2 m

Accounts Payable

130 m115.3 m140.5 m159.6 m128.3 m135.2 m107.5 m92 m92.9 m83.3 m81.4 m58.3 m77.4 m46.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

51.3 m(33.4 m)(51.6 m)16.5 m

Accounts Payable

41.5 m(46.9 m)6.5 m

Cash From Operating Activities

561.4 m511.4 m132.6 m14.2 m

Cash From Investing Activities

(614.8 m)(630 m)86.1 m(82.4 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

14.2 m11.2 m9.8 m684 k(255.1 m)(260.4 m)(477.6 m)(190.5 m)(120.9 m)45.9 m24.3 m27.6 m63.7 m

Accounts Payable

140.5 m159.6 m128.3 m135.2 m107.5 m92 m92.9 m83.3 m81.4 m(688 k)(2.3 m)

Cash From Operating Activities

75 m115.2 m

Cash From Investing Activities

(41.3 m)(77.8 m)
USDY, 2018

Financial Leverage

-1.9 x
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W&T Offshore News and Updates

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W&T Offshore Company Life and Culture

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