W&T Offshore, Inc. Quarterly report [Sections 13 or 15(d)]

NET LOSS PER COMMON SHARE

9 Months Ended

Sep. 30, 2025

NOTE 9 — NET LOSS PER COMMON SHARE

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net loss	$	(71,474)	$	(36,921)	$	(122,935)	$	(63,783)

Weighted average common shares outstanding (basic and diluted)		148,589		147,206		148,015		147,002

Net loss per common share (basic and diluted)	$	(0.48)	$	(0.25)	$	(0.83)	$	(0.43)

Shares excluded due to being anti-dilutive ⁽¹⁾		14,005		3,531		14,005		3,531

⁽¹⁾Includes RSUs and certain PSUs as their effect, if included, would have been anti-dilutive.