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

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

NOTE 11 — 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 March 31,
	2022		2021
Net loss	$	(2,457)	$	(746)
Less portion allocated to nonvested shares		—		—
Net loss allocated to common shares	$	(2,457)	$	(746)

Weighted average common shares outstanding - basic		142,942		142,151
Dilutive effect of securities		—		—
Weighted average common shares outstanding - diluted		142,942		142,151
Earnings per common share:
Basic	$	(0.02)	$	(0.01)
Diluted		(0.02)		(0.01)

Shares excluded due to being anti-dilutive (weighted-average)		717		919