W&T Offshore Management

Management criteria checks 2/4

W&T Offshore's CEO is Tracy Krohn, appointed in Jan 1983, has a tenure of 41.33 years. total yearly compensation is $12.11M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 32.86% of the company’s shares, worth €102.22M. The average tenure of the management team and the board of directors is 2 years and 9 years respectively.

Key information

Tracy Krohn

Chief executive officer

US$12.1m

Total compensation

CEO salary percentage	9.5%
CEO tenure	41.3yrs
CEO ownership	32.9%
Management average tenure	2yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tracy Krohn's remuneration changed compared to W&T Offshore's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$16m
Sep 30 2023	n/a	n/a	US$59m
Jun 30 2023	n/a	n/a	US$124m
Mar 31 2023	n/a	n/a	US$260m
Dec 31 2022	US$12m	US$1m	US$231m
Sep 30 2022	n/a	n/a	US$237m
Jun 30 2022	n/a	n/a	US$132m
Mar 31 2022	n/a	n/a	-US$43m
Dec 31 2021	US$5m	US$1m	-US$41m
Sep 30 2021	n/a	n/a	-US$99m
Jun 30 2021	n/a	n/a	-US$74m
Mar 31 2021	n/a	n/a	-US$29m
Dec 31 2020	US$2m	US$1m	US$38m
Sep 30 2020	n/a	n/a	US$56m
Jun 30 2020	n/a	n/a	US$143m
Mar 31 2020	n/a	n/a	US$186m
Dec 31 2019	US$5m	US$1m	US$73m
Sep 30 2019	n/a	n/a	US$197m
Jun 30 2019	n/a	n/a	US$167m
Mar 31 2019	n/a	n/a	US$165m
Dec 31 2018	US$6m	US$1m	US$239m
Sep 30 2018	n/a	n/a	US$128m
Jun 30 2018	n/a	n/a	US$82m
Mar 31 2018	n/a	n/a	US$80m
Dec 31 2017	US$4m	US$1m	US$76m

Compensation vs Market: Tracy's total compensation ($USD12.11M) is above average for companies of similar size in the German market ($USD993.35K).

Compensation vs Earnings: Tracy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Tracy Krohn (68 yo)

41.3yrs

Tenure

US$12,111,392

Compensation

Mr. Tracy W. Krohn is Founded W&T Offshore Inc., in 1983 and serves as its Chairman since 2004, Chief Executive Officer since 1983 & President since March 9, 2017. Mr. Krohn served as President and Treasur...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tracy Krohn	Founder	41.3yrs	US$12.11m	32.86% $ 102.2m
William Williford	?Executive VP & COO	2.2yrs	US$2.72m	0.11% $ 345.6k
Jonathan Curth	Executive VP	1.9yrs	US$1.17m	0.0050% $ 15.5k
Sameer Parasnis	Executive VP & CFO	less than a year	no data	no data
Bart Hartman	VP & Chief Accounting Officer	2yrs	no data	0.0077% $ 23.8k
Alvin T. Haynes	Vice President and Chief Information Officer	1.8yrs	no data	no data
W. Tate	Senior Vice President of Marketing	17.8yrs	no data	no data
Kristen Ecklund	Vice President of Human Resources	1.4yrs	no data	no data
Todd Grabois	VP & Treasurer	17.8yrs	no data	no data
Al Petrie	Investor Relations Coordinator	no data	no data	no data

2.0yrs

Average Tenure

49yo

Average Age

Experienced Management: UWV's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tracy Krohn	Founder	20.3yrs	US$12.11m	32.86% $ 102.2m
Nancy Chang	Independent Director	less than a year	no data	no data
Virginia Boulet	Independent Director	19.2yrs	US$227.00k	0.23% $ 702.1k
Daniel Conwill	Independent Director	3yrs	US$230.61k	0.024% $ 74.1k
John Buchanan	Independent Director	less than a year	no data	no data
B. Stanley	Independent Presiding Director	15yrs	US$233.70k	0.19% $ 595.1k

9.0yrs

Average Tenure

68yo

Average Age

Experienced Board: UWV's board of directors are considered experienced (9 years average tenure).

W&T Offshore Management

Management criteria checks 2/4

Key information

Recent management updates

W&T Offshore, Inc., Annual General Meeting, Jun 14, 2024

W&T Offshore Appoints Sameer Parasnis Chief Financial Officer, Effective July 3, 2023

Less than half of directors are independent

W&T Offshore, Inc. Announces Management Promotions

W&T Offshore, Inc. Announces Appointment of Appointment of Jonathan Curth to Executive Vice President, and Corporate Secretary

W&T Offshore, Inc. Announces Executive Changes

Recent updates

W&T Offshore, Inc., Annual General Meeting, Jun 14, 2024

New major risk - Revenue and earnings growth

Now 23% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$0.11 (vs US$1.62 in FY 2022)

W&T Offshore, Inc. Declares Dividend for First Quarter of 2024, Payable on March 25, 2024

W&T Offshore, Inc. to Report Q4, 2023 Results on Mar 06, 2024

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 18%

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.01 per share

W&T Offshore Announces Implementation of Quarterly Cash Dividend, Payable on December 22, 2023

New major risk - Earnings quality

W&T Offshore, Inc. to Report Q3, 2023 Results on Nov 07, 2023

New minor risk - Share price stability

W&T Offshore, Inc. (NYSE:WTI) acquired Oil and gas producing assets in the central and eastern shelf region of the Gulf of Mexico for $32 million.

W&T Offshore, Inc. Provides Production Guidance for the Third Quarter and Full Year 2023

Second quarter 2023 earnings released: US$0.083 loss per share (vs US$0.86 profit in 2Q 2022)

W&T Offshore, Inc. to Report Q2, 2023 Results on Aug 01, 2023

W&T Offshore Appoints Sameer Parasnis Chief Financial Officer, Effective July 3, 2023

First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.017 loss in 1Q 2022)

W&T Offshore, Inc. Provides Production Guidance for the Second Quarter and Full Year of 2023

Less than half of directors are independent

Now 22% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released: EPS: US$1.62 (vs US$0.29 loss in FY 2021)

Now 20% undervalued after recent price drop

W&T Offshore, Inc. Announces Management Promotions

Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.27 loss in 3Q 2021)

W&T Offshore, Inc. Provides Production Guidance for Fourth Quarter of 2022

Investor sentiment improved over the past week

W&T Offshore, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Now 21% undervalued

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

W&T Offshore, Inc. Provides Production Guidance for the Third Quarter and Full Year of 2022

Second quarter 2022 earnings released: EPS: US$0.86 (vs US$0.36 loss in 2Q 2021)

W&T Offshore, Inc. to Report Q2, 2022 Results on Aug 08, 2022

W&T Offshore, Inc. Announces Appointment of Appointment of Jonathan Curth to Executive Vice President, and Corporate Secretary

W&T Offshore, Inc. Announces Executive Changes

W&T Offshore, Inc. Promotes Bart P. Trey Hartman to Chief Accounting Officer

First quarter 2022 earnings released: US$0.017 loss per share (vs US$0.005 loss in 1Q 2021)

W&T Offshore, Inc. Provides Operating Guidance for the Second Quarter and Full Year of 2022

Less than half of directors are independent

W&T Offshore, Inc. to Report Q1, 2022 Results on May 03, 2022

W&T Offshore, Inc. Announces Change in Senior Management

Insider recently sold €474k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

W&T Offshore, Inc. to Report Q4, 2021 Results on Mar 08, 2022

W&T Offshore, Inc. (NYSE:WTI) completed the acquisition of Oil and Gas Producing Properties in Federal Shallow Waters in Gulf of Mexico from ANKOR E&P Holdings Corporation and KOA Energy LP.

W&T Offshore, Inc. (NYSE:WTI) entered into a definitive purchase and sell agreement to acquire Oil and Gas Producing Properties in Federal Shallow Waters in Gulf of Mexico from ANKOR E&P Holdings Corporation and KOA Energy LP for $47 million.

Third quarter 2021 earnings released: US$0.27 loss per share (vs US$0.094 loss in 3Q 2020)

W&T Offshore, Inc. Provides Operating Guidance for the Third Quarter and Full Year 2021

Second quarter 2021 earnings released: US$0.36 loss per share (vs US$0.042 loss in 2Q 2020)

Independent Director recently bought €44k worth of stock

Independent Director recently bought €44k worth of stock

Independent Presiding Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: US$0.005 loss per share (vs US$0.46 profit in 1Q 2020)

W&T Offshore, Inc. to Report Q4, 2020 Results on Mar 03, 2021

W&T Offshore, Inc. Announces Consolidation of its Two Alabama Natural Gas Treatment Facilities

Investor sentiment improved over the past week

Market bids up stock over the past week

Market bids up stock over the past week

Revenue beats expectations

Third quarter 2020 earnings released: US$0.094 loss per share

New 90-day low: €1.45