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

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

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


	Year Ended December 31,
	2022		2021		2020
Net income (loss)	$	231,149	$	(41,478)	$	37,790

Weighted average common shares outstanding - basic		143,143		142,271		141,622
Dilutive effect of securities		1,947		—		1,655
Weighted average common shares outstanding - diluted		145,090		142,271		143,277
Earnings per common share:
Basic	$	1.61	$	(0.29)	$	0.26
Diluted	$	1.59	$	(0.29)	$	0.26

Shares excluded due to being anti-dilutive (weighted average)		—		1,370		—