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

Earnings Per Share

9 Months Ended

Sep. 30, 2021

10. Earnings Per Share

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net (loss) income	$	(37,964)	$	(13,339)	$	(90,382)	$	46,737
Less portion allocated to nonvested shares		—		—		—		549
Net (loss) income allocated to common shares	$	(37,964)	$	(13,339)	$	(90,382)	$	46,188
Weighted average common shares outstanding		142,297		141,624		142,231		141,589
Basic and diluted (loss) earnings per common share	$	(0.27)	$	(0.09)	$	(0.64)	$	0.33
Shares excluded due to being anti-dilutive (weighted-average)		1,514		1,677		1,106		—