Overview
W&T
W&T Offshore (W&T) is an independent oil and natural gas company engaging in acquisition, exploration, development, and production of oil and natural gas properties in the Gulf of Mexico. The Gulf of Mexico offers unique advantages, and the company is uniquely positioned to create value with a diverse portfolio in valuable deepwater projects. With approximately 597,100 gross acres under company lease, W&T has working interests in roughly
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Read More 45 producing fields in federal and state waters. It reports proved reserves of approximately 123 million barrels of oil equivalent. W&T was founded in 1983 by the Chairman and CEO Tracy Krohn.
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Read More 45 producing fields in federal and state waters. It reports proved reserves of approximately 123 million barrels of oil equivalent. W&T was founded in 1983 by the Chairman and CEO Tracy Krohn.
Read Less
Tracy W Krohn
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum and natural gas
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Crude petroleum and natural gas production
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Crude petroleum production
See All Industries , Natural gas production Natural gas liquids
See Fewer Industries
See All Industries , Natural gas production Natural gas liquids
See Fewer Industries
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Modelled
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Actual
$525.26 million
Actual
-1.39%
$1,098
DEC
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NYSE:WTI
Contacts
Get in Touch with 5 Principals* and 579 Contacts
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Tracy W KrohnChairman of the Board and President and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$525.26 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $60 | $115 | $340 |
| Net Investing Cash | -$118 | -$82 | -$95 |
| Net Financing Cash | -$9 | -$322 | -$29 |
| Net Change in Cash | -$67 | -$288 | $216 |
| Cash at Beginning of Period | $178 | $466 | $250 |
| Cash at End of Period | $111 | $178 | $466 |
| Capital Expenditure | -$118 | -$82 | -$95 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $109 | $173 | $461 |
| Accounts Receivable | $64 | $52 | $66 |
| Inventories | $ | $ | $ |
| Other Current Assets | $46 | $40 | $43 |
| Asset Summary | |||
| Total Current Assets | $218 | $265 | $570 |
| Tangible Fixed Assets | $788 | $760 | $746 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,099 | $1,114 | $1,432 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $84 | $79 | $65 |
| Short-Term Debt | $27 | $29 | $582 |
| Other Current Liabilities | $135 | $109 | $145 |
| Liability Summary | |||
| Total Current Liabilities | $246 | $217 | $792 |
| Long-Term Debt | $366 | $361 | $111 |
| Other Long-Term Liabilities | $37 | $37 | $26 |
| Total Liabilities | $1,152 | $1,083 | $1,424 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$624 | -$531 | -$545 |
| Equity Summary | |||
| Total Equity | -$53 | $31 | $8 |
| Shares Outstanding | 147,374,000 | 146,581,000 | 146,133,000 |