W&T Offshore, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

NET (LOSS) INCOME PER SHARE (Tables)

NET (LOSS) INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

NET (LOSS) INCOME PER SHARE

Schedule of basic and diluted net (loss) income per common share


		Year Ended December 31,
		2025			2024			2023
Net (loss) income		$	(150,062)		$	(87,145)		$	15,598

Weighted average common shares outstanding - basic			148,207			147,133			146,483
Dilutive effect of securities			—			—			1,819
Weighted average common shares outstanding - diluted			148,207			147,133			148,302

Net (loss) income per common share:
Basic		$	(1.01)		$	(0.59)		$	0.11
Diluted		$	(1.01)		$	(0.59)		$	0.11

Shares excluded due to being anti-dilutive ⁽¹⁾			6,464			4,069			—

⁽¹⁾	Includes RSUs and PSUs that are expected to attain their applicable performance metrics as their effect, if included would have been anti-dilutive.