W&T Offshore Strategic Overview
W&T HAS GROWN ITS CASH FLOW YEAR-OVER-YEAR AND
REDUCED LEVERAGE
Adjusted EBITDA and Net Leverage¹
(SMM)
Free Cash Flow²
($MM)
$800.0
$700.0
$600.0
$500.0
$400.0
$300.0
245%
0.0x
$400.0
0.4x
0.5x
$350.0
1.0x
$300.0
1.5x
$563.7
$250.0
2.0x
2.2x
2.5x
$200.0
3.6x
$220.3
$200.0
$163.4
$100.0
$-
368%
$376.4
3.0x
$150.0
3.5x
$100.0
4.0x
$90.9
$80.4
$50.0
4.5x
5.0x
$-
2020
2021
2022
Free Cash Flow ($MM)
Free Cash Flow Growth (%)
2020
2021
2022
Adjusted EBITDA ($MM)
Net Leverage (x)
Adjusted EBITDA Growth (%)
1) Net Leverage defined as Net Debt / Adjusted EBITDA, Net Debt defined as current and long-term debt, net of unamortized debt discounts, less cash and cash equivalents; see Appendix for description of reconciling items to GAAP net income
2) Free Cash Flow defined as Adjusted EBITDA, less capital expenditures (excluding acquisitions), plugging and abandonment costs and interest expense; see Appendix for description of reconciling items to GAAP operating cash flow
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W&T OFFSHORE | NYSE:WTI
W&T OFFSHOREView entire presentation