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

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	2,145	$	66,721	$	16,041	$	187,700

Weighted average common shares outstanding - basic		146,483		143,116		146,451		143,026
Dilutive effect of securities		4,976		2,766		3,405		1,670
Weighted average common shares outstanding - diluted		151,459		145,882		149,856		144,696

Earnings per common share:
Basic	$	0.01	$	0.46	$	0.11	$	1.30
Diluted		0.01		0.46		0.11		1.30