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

Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

19. Selected Quarterly Financial Data – UNAUDITED

Unaudited quarterly financial data are as follows (in thousands, except per share amounts):


	1st Quarter		2nd Quarter		3rd Quarter			4th Quarter
Year Ended December 31, 2012
Revenues	$	235,886	$	215,513	$	185,946		$	237,146
Operating income		15,913		99,100		7,560			46,737
Net income (loss)		3,218		53,567		(1,471	)		16,670
Basic and diluted earnings (loss) per common share (1)		0.04		0.70		(0.02	)		0.21
Year Ended December 31, 2011
Revenues	$	210,855	$	252,922	$	245,371		$	261,899
Operating income		37,548		115,643		95,333			80,936
Net income		18,649		55,175		52,928			46,065
Basic and diluted earnings per common share (1)		0.25		0.73		0.70			0.61

(1)	The sum of the individual quarterly earnings per share may not agree with year-to-date earnings per share because each quarterly calculation is based on the income for that quarter and the weighted average number of shares outstanding during that quarter.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details