W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table presents the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts):


		Three Months Ended June 30,						Six Months Ended June 30,
		2023			2022			2023			2022
Net (loss) income		$	(12,109)		$	123,436		$	13,896		$	120,979
Less portion allocated to nonvested shares			—			—			243			—
Net (loss) income allocated to common shares		$	(12,109)		$	123,436		$	13,653		$	120,979

Weighted average common shares outstanding - basic			146,452			143,020			146,435			142,981
Dilutive effect of securities			—			1,505			2,610			1,113
Weighted average common shares outstanding - diluted			146,452			144,525			149,045			144,094
Earnings per common share:
Basic		$	(0.08)		$	0.86		$	0.09		$	0.85
Diluted			(0.08)			0.85			0.09			0.84

Shares excluded due to being anti-dilutive (weighted average)			2,909			—			—			—