Why Invest in W&T Offshore

NON-GAAP RECONCILIATIONS Term loan Principal Unamortized debt issuance costs Total term loan Credit agreement borrowings Senior second lien notes Principal Unamortized debt issuance costs Total senior second lien notes 40 W&T OFFSHORE | NYSE:WTI Total Debt Cash and cash equivalents Net Debt LTM Adjusted EBITDA Net Leverage December 31, December 31, 2022 2021 (In thousands, unaudited) $ 147,899 $ 190,859 (4,592) (7,545) A 143,307 $ 183,314 $ SA 552,460 (2,330) SA $ 550,130 SA $ +A 693,437 461,357 232,080 563,736 0.41x 552,460 (4,876) $ 547,584 SA A 730,898 245,799 485,099 220,298 2.20x W&T OFFSHORE

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