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

NET (LOSS) INCOME PER SHARE

6 Months Ended

Jun. 30, 2024

NOTE 10 — NET (LOSS) INCOME PER SHARE

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net (loss) income	$	(15,388)	$	(12,109)	$	(26,862)	$	13,896

Weighted average common shares outstanding - basic		146,943		146,452		146,900		146,435
Dilutive effect of securities		—		—		—		2,610
Weighted average common shares outstanding - diluted		146,943		146,452		146,900		149,045

Net (loss) income per common share:
Basic	$	(0.10)	$	(0.08)	$	(0.18)	$	0.09
Diluted		(0.10)		(0.08)		(0.18)		0.09

Shares excluded due to being anti-dilutive		1,724		2,909		1,724		—