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

NET LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2025

NOTE 8 — 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 March 31,
	2025		2024
Net loss	$	(30,577)	$	(11,474)

Weighted average common shares outstanding (basic and diluted)		147,598		146,857

Net loss per common share (basic and diluted)	$	(0.21)	$	(0.08)

Shares excluded due to being anti-dilutive ⁽¹⁾		3,634		1,982

⁽¹⁾	Includes restricted stock units and cash return on capital employed performance stock units as their effect, if included, would have been anti-dilutive. The total shareholder return performance stock units are not included as they are not likely to attain their applicable performance metric.