W&t offshore inc (WTI)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Total revenues

151,894

132,221

134,701

116,080

143,422

153,459

149,612

134,213

129,099

110,281

123,323

124,393

115,213

107,403

99,655

77,715

104,064

126,228

149,066

127,907

196,677

234,521

262,994

254,516

244,928

244,555

235,383

259,222

237,146

185,946

215,513

235,886

261,899

245,371

252,922

210,855

169,575

179,667

Lease operating expenses

53,299

47,185

40,341

43,456

43,407

37,430

35,582

36,843

36,921

35,134

31,519

40,164

33,788

37,520

36,622

44,469

49,265

45,039

45,130

53,331

75,637

71,732

61,765

55,617

75,904

67,346

68,248

59,341

61,910

53,411

60,276

56,663

59,305

58,899

48,597

52,405

34,371

52,457

Production taxes

1,203

588

317

416

506

432

439

455

436

340

449

515

511

482

370

526

476

889

1,000

637

2,304

1,794

1,842

1,992

1,759

1,807

1,780

1,789

1,667

1,353

1,335

1,485

2,092

1,050

845

288

276

283

Gathering and transportation

6,504

5,955

7,068

6,423

6,618

5,779

4,928

5,057

4,806

4,108

5,318

6,209

6,277

5,161

6,398

5,092

3,968

3,572

4,793

4,824

6,425

4,115

3,985

5,296

4,847

3,611

4,608

4,444

3,737

2,810

4,110

4,221

3,717

4,853

3,797

4,553

4,607

3,726

Asset retirement obligations accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,264

6,127

Depreciation, depletion, amortization and accretion

18,358

38,841

38,073

33,766

16,616

36,969

39,757

38,081

21,667

36,489

40,364

39,990

21,312

51,500

57,493

63,733

47,230

97,329

103,342

125,467

110,256

128,671

128,236

123,306

117,700

104,143

99,896

108,872

84,283

77,462

85,941

88,491

57,098

84,455

83,370

74,092

69,051

69,895

Ceiling test write-down of oil and natural gas properties

-

-

-

-

-

-

-

-

-

-

-

-

0

57,912

104,592

116,559

32,388

441,688

252,772

260,390

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

17,564

10,106

13,328

14,109

14,899

15,990

14,220

15,038

14,365

15,631

16,474

13,274

14,370

12,692

16,235

16,443

16,072

16,515

19,757

20,766

22,722

21,007

19,682

23,588

20,895

20,024

19,868

21,087

19,224

18,691

14,623

29,479

20,061

18,104

18,002

18,129

13,389

14,375

Derivative loss (gain)

-18,659

5,853

1,805

-48,886

-

288

-6,219

-

-566

-2,879

3,689

3,955

-65

-412

-4,942

2,493

-

10,231

-1,078

-

10,755

13,781

-13,079

-7,492

-2,283

-15,659

12,840

-3,368

467

-24,659

49,872

-39,634

-8,919

17,323

17,332

-23,840

-4,770

7,374

Total costs and expenses

135,047

96,822

97,322

147,056

40,748

96,312

101,145

95,474

95,933

94,581

90,435

96,197

93,894

165,679

226,652

244,329

164,880

594,801

427,872

465,415

227,222

213,538

228,589

217,291

244,306

212,590

181,560

198,901

190,409

178,386

116,413

219,973

180,963

150,038

137,279

173,307

132,728

139,489

Operating income

16,847

35,399

37,379

-30,976

102,674

57,147

48,467

38,739

33,166

15,700

32,888

28,196

21,319

-58,276

-126,997

-166,614

-60,816

-468,573

-278,806

-337,508

-30,545

20,983

34,405

37,225

622

31,965

53,823

60,321

46,737

7,560

99,100

15,913

80,936

95,333

115,643

37,548

36,847

40,178

Incurred

-

-

-

-

-

-

-

-

-

-

-

-

-

23,693

29,773

27,814

26,776

28,754

26,116

22,946

22,225

21,783

21,454

21,460

21,496

21,373

21,536

21,234

19,866

14,791

14,706

13,905

-

-

-

-

-

-

Capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

75

102

343

1,246

2,203

2,024

1,783

2,104

2,191

2,159

2,072

2,520

2,573

2,532

2,433

3,374

3,383

3,326

3,191

16,531

-3,163

-2,079

-1,412

-1,345

-1,329

Interest expense, net

16,635

14,445

12,207

16,282

15,170

10,727

11,786

10,962

11,237

11,554

11,436

11,294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,721

12,047

10,129

10,485

10,914

Gain on debt transactions

-

-

-

-

-

-

-

-

-

-

8,056

-

-

123,960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,031

-20,663

-

-

-

Other expense (income), net

1,176

-555

-478

-331

4,403

-18

-486

-28

191

41

-5,168

-191

-160

73

24

-1,306

-2,016

-964

-1,685

2

-

197

-

-

-

9,062

-

-

-

202

-

-

-

6

-

-

-

-

Debt issuance costs write-off and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income tax (benefit) expense

1,388

20,399

24,694

-47,589

139,016

46,402

36,195

27,749

21,875

4,187

24,340

16,711

17,500

42,139

-156,644

-195,391

-88,362

-496,088

-304,583

-358,669

-50,655

1,588

15,110

17,837

-18,470

22,227

34,819

41,520

30,258

-3,646

87,720

5,199

68,741

81,750

85,012

28,831

27,857

30,947

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

354

Income tax (benefit) expense

-8,171

-55,500

-11,695

172

172

142

112

109

-1,490

5,484

-8,975

-7,588

1,017

-3,789

-35,722

-4,882

-36,756

-18,520

-44,134

-103,574

-17,284

904

5,273

6,648

-6,584

8,033

12,423

14,902

13,588

-2,175

34,153

1,981

22,676

28,822

29,837

10,182

669

3,077

Net income

9,559

75,899

36,389

-47,761

138,844

46,260

36,083

27,640

23,365

-1,297

33,315

24,299

16,483

45,928

-120,922

-190,509

-51,606

-477,568

-260,449

-255,095

-33,371

684

9,837

11,189

-11,886

14,194

22,396

26,618

16,670

-1,471

53,567

3,218

46,065

52,928

55,175

18,649

27,188

27,870

Basic and diluted earnings per common share (in dollars per share)

0.08

0.53

0.25

-0.34

0.96

0.32

0.25

0.19

0.17

-0.01

0.23

0.17

0.99

0.48

-1.58

-2.49

-0.68

-6.29

-3.43

-3.36

-0.45

0.01

0.13

0.15

-0.15

0.19

0.29

0.35

0.23

-0.02

0.70

0.04

0.61

0.70

0.73

0.25

0.36

0.37

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

0.10

0.10

-

0.09

0.09

0.08

-

0.08

0.08

0.08

-

0.04

0.04

0.04

0.04

0.03

Oil and Condensate [Member]
Total revenues

101,106

102,786

109,195

86,703

105,392

119,482

116,618

97,306

91,362

78,055

85,622

84,971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas Liquids [Member]
Total revenues

6,912

4,373

4,640

6,448

8,646

10,087

8,734

9,660

9,856

6,605

7,054

8,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas, Production [Member]
Total revenues

41,256

23,686

19,567

21,838

28,144

22,641

22,977

25,867

25,794

24,113

29,258

29,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Total revenues

2,620

1,376

1,299

1,091

1,240

1,249

1,283

1,380

2,087

1,508

1,389

922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-