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

NET (LOSS) INCOME PER SHARE

9 Months Ended

Sep. 30, 2024

NOTE 11 — NET (LOSS) INCOME PER SHARE

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net (loss) income	$	(36,921)	$	2,145	$	(63,783)	$	16,041

Weighted average common shares outstanding - basic		147,206		146,483		147,002		146,451
Dilutive effect of securities		—		4,976		—		3,405
Weighted average common shares outstanding - diluted		147,206		151,459		147,002		149,856

Net (loss) income per common share:
Basic	$	(0.25)	$	0.01	$	(0.43)	$	0.11
Diluted		(0.25)		0.01		(0.43)		0.11

Shares excluded due to being anti-dilutive		3,531		—		3,531		—