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

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

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


	Year Ended December 31,
	2023		2022		2021
Net income (loss)	$	15,598	$	231,149	$	(41,478)

Weighted average common shares outstanding - basic		146,483		143,143		142,271
Dilutive effect of securities		1,819		1,947		—
Weighted average common shares outstanding - diluted		148,302		145,090		142,271

Earnings per common share:
Basic	$	0.11	$	1.61	$	(0.29)
Diluted	$	0.11	$	1.59	$	(0.29)

Shares excluded due to being anti-dilutive		—		—		1,370