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

NET LOSS PER COMMON SHARE

9 Months Ended

Sep. 30, 2026

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,
	2026		2025		2026		2025
Net loss	$	(13,649)	$	(71,474)	$	(23,618)	$	(122,935)

Weighted average common shares outstanding (basic and diluted)		151,847		148,589		150,121		148,015

Net loss per common share (basic and diluted)	$	(0.09)	$	(0.48)	$	(0.16)	$	(0.83)

Shares excluded due to being anti-dilutive ⁽¹⁾		22,000		14,005		22,000		14,005

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