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

NET (LOSS) INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

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


	Year Ended December 31,
	2024		2023		2022
Net (loss) income	$	(87,145)	$	15,598	$	231,149

Weighted average common shares outstanding - basic		147,133		146,483		143,143
Dilutive effect of securities		—		1,819		1,947
Weighted average common shares outstanding - diluted		147,133		148,302		145,090

Net (loss) income per common share:
Basic	$	(0.59)	$	0.11	$	1.61
Diluted	$	(0.59)	$	0.11	$	1.59

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

⁽¹⁾	Includes RSUs and the CROCE PSUs as their effect, if included would have been anti-dilutive. The TSR PSUs are not included as they are not likely to attain their applicable performance metric.