Company Information

  

Address: NINE GREENWAY PLAZA
SUITE 300 
City: HOUSTON 
State: TX 
Zip Code: 77046-0908 
Telephone: 713-626-8525 

Description of Business

Primary SIC Code: 1311
(As filed with the SEC)  

W&T Offshore, Inc. is an independent oil and natural gas producer, active in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. W&T Offshore, Inc. is a Texas corporation originally organized as a Nevada corporation in 1988, and successor by merger to W&T Oil Properties, Inc., a Louisiana corporation organized in 1983. We have grown through acquisitions, exploration and development and currently hold working interests in 49 offshore fields in federal and state waters (47 producing and two fields capable of producing). We currently have under lease approximately 700,000 gross acres (370,000 net acres) spanning across the Outer Continental Shelf ("OCS") off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 470,000 gross acres on the conventional shelf and approximately 230,000 gross acres in the deepwater. A majority of our daily production is derived from wells we operate.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.58NA7.64
12/20170.56NA5.91
09/20171.04NA2.93
06/20171.87NA1.05
03/20170.06NA46.17
12/2016-2.60NAN/E
09/2016-3.93NAN/E
06/2016-11.04NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.15Total Liab/Total Assets1.63
Net Inc/Total Assets0.09Total Liab/Inv Cap2.07
Net Inc/Inv Cap0.11Total Liab/Comm Equity2.84
Pretax Inc/Net Sales0.14Interest Coverage Ratio2.46
Net Inc/Net Sales0.16Curr Debt/Equity-0.04
Cash Flow/Net Sales0.33LTD/Equity-1.69
SG&A/NetSales0.13Total Debt/Equity-1.73
Asset Utilization   Liquidity  
Net Receivables Turnover5.26Quick Ratio1.13
Inventory TurnoverNACurrent Ratio1.13
Inventory Day SalesNANet Rec/Curr Assets0.41
Net Sales/Work Cap21.73Inv/Curr AssetsNA
Net Sales/PP&E0.84  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 134.21 129.10 110.28 123.32
Cost of Goods Sold 41.90 41.73 39.24 36.84
Selling & Admin Exps 15.49 14.80 15.97 16.92
Operating Income 38.74 33.17 15.70 32.89
Interest Exp 11.32 11.55 11.55 11.44
Pretax Income 27.75 21.88 4.19 24.34
Other Income 0.33 -0.31 -2.84 6.58
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 27.64 23.37 -1.30 33.32

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 130.71 99.06 106.16 72.32
Receivables - Total 127.88 78.20 72.67 71.34
Inventories - Total NA NA NA NA
Total Current Assets 278.79 190.68 193.90 165.61
Net Property, Plant & Equipment 573.35 579.02 555.25 550.68
Total Assets 942.18 907.58 887.37 874.97
Liabilities        
Accounts Payable 100.74 101.60 98.75 71.41
Debt in Current Liabilities 22.86 22.93 11.15 11.15
Total Current Liabilities 171.62 168.26 159.43 156.25
Long-Term Debt 967.48 969.13 982.62 984.34
Total Liabilities 1,486.83 1,481.09 1,484.64 1,472.93
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -1,067.52 -1,095.16 -1,118.53 -1,117.23
Treasury Stock -24.17 -24.17 -24.17 -24.17
Total Stockholders' Equity -544.65 -573.51 -597.27 -597.96
Total Liabilities and Stockholders' Equity 942.18 907.58 887.37 874.97

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 74.98 29.09 64.74 -15.60
Net Cash Provided by Investing Activities -41.27 -32.79 -28.83 -22.46
Net Cash Provided by Financing Activities -2.06 -3.40 -2.06 -15.72

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013984.0951.320.68
12/2014948.71-11.66-0.16
12/2015507.26-1,044.72-13.76
12/2016399.99-249.02-2.60
12/2017487.1079.680.56
Growth Rates-16.12----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1816071,10951.12




Report Date : 7/17/2018

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