Company Information

  

Address: NINE GREEWAY 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. Our interest in fields, leases, structures and equipment are primarily owned by the parent company, W&T Offshore, Inc. and our wholly-owned subsidiary, W & T Energy VI, LLC, a Delaware limited liability company. The Gulf of Mexico is an area where we have developed significant technical expertise and where high production rates associated with hydrocarbon deposits have historically provided us the best opportunity to achieve a rapid return on our invested capital.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/2016-12.89NAN/E
12/2015-13.76NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.48Total Liab/Total Assets1.79
Net Inc/Total Assets-0.30Total Liab/Inv Cap2.41
Net Inc/Inv Cap-0.40Total Liab/Comm Equity2.89
Pretax Inc/Net Sales-0.73Interest Coverage Ratio-2.17
Net Inc/Net Sales-0.62Curr Debt/Equity-0.01
Cash Flow/Net Sales0.04LTD/Equity-1.54
SG&A/NetSales0.15Total Debt/Equity-1.55
Asset Utilization   Liquidity  
Net Receivables Turnover4.88Quick Ratio0.94
Inventory TurnoverNACurrent Ratio0.94
Inventory Day SalesNANet Rec/Curr Assets0.56
Net Sales/Work Cap-35.43Inv/Curr AssetsNA
Net Sales/PP&E0.73  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 110.28 123.32 124.39 115.21
Cost of Goods Sold 39.24 36.84 46.37 40.07
Selling & Admin Exps 15.97 16.92 13.79 14.88
Operating Income 15.70 32.89 28.20 21.32
Interest Exp 11.55 11.44 11.29 11.51
Pretax Income 4.19 24.34 16.71 17.50
Other Income -2.84 6.58 3.76 7.63
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -1.30 33.32 24.30 16.48

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 106.16 72.32 126.10 70.24
Receivables - Total 72.67 71.34 73.74 107.00
Inventories - Total NA NA NA NA
Total Current Assets 193.90 165.61 216.97 191.74
Net Property, Plant & Equipment 555.25 550.68 538.11 547.05
Total Assets 887.37 874.97 854.50 829.73
Liabilities        
Accounts Payable 98.75 71.41 101.93 90.24
Debt in Current Liabilities 11.15 11.15 8.25 8.27
Total Current Liabilities 159.43 156.25 198.70 203.03
Long-Term Debt 982.62 984.34 1,010.73 1,012.46
Total Liabilities 1,484.64 1,472.93 1,487.31 1,488.76
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 -1,118.53 -1,117.23 -1,150.55 -1,174.84
Treasury Stock -24.17 -24.17 -24.17 -24.17
Total Stockholders' Equity -597.27 -597.96 -632.81 -659.04
Total Liabilities and Stockholders' Equity 887.37 874.97 854.50 829.73

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 64.74 -15.60 81.18 23.35
Net Cash Provided by Investing Activities -28.83 -22.46 -23.02 -22.34
Net Cash Provided by Financing Activities -2.06 -15.72 -2.30 -4.13

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012874.4971.980.95
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
Growth Rates-17.76----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1712468,67949.83




Report Date : 12/11/2017

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