WTIW&T OFFSHORE INC
Crude Petroleum & Natural Gas
- Revenue
- $501M
- 4.5% YoY
- Operating margin
- -10.5%
- 31% YoY
- EBITDA
- $64M
- 37% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.5×
- $161M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $558M | $921M | $533M | $525M | $501M | 4.5% |
| Operating income | $190M | $454M | $29M | −$42M | −$53M | 25% |
| Net income | −$41M | $231M | $16M | −$87M | −$150M | 72% |
| Operating cash flow | $134M | $340M | $115M | $60M | $77M | 30% |
| Stock-based comp | $3M | $8M | $10M | $10M | $12M | 20% |
| Dividends | — | — | $1M | $6M | $6M | 1.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $7M | 75 | 218 |
| FY2024 | $4M | $575K | 30 | 141 |
| FY2023 | $6M | $324K | 59 | 146 |
| FY2022 | $12M | $12M | 100 | 145 |
| FY2021 | $5M | $5M | 58 | 102 |