W&T Offshore (WTI) Change in Taxes (2010 - 2023)
W&T Offshore's (WTI) quarterly Change in Taxes came in at -$1.9 million in Q4 2023, down 57.95% year-on-year from -$4.5 million in Q4 2022, and down 210.87% on a QoQ basis from $1.7 million in Q3 2023.
W&T Offshore (WTI) Change in Taxes (2010 - 2023) Analysis & Trends
W&T Offshore (WTI) has 14 years of Change in Taxes data on file, last reported at -$1.9 million in Q4 2023.
- On a quarterly basis, Change in Taxes fell 57.95% year-over-year to -$1.9 million in Q4 2023; TTM through Dec 2023 was -$2.5 million, a 1007.17% decrease from a year earlier, with the FY2023 full-year figure at -$2.5 million, down 1007.17% from the prior year.
- Change in Taxes for Q4 2023 stood at -$1.9 million, down from $1.7 million in the prior quarter.
- Over the last five years, Change in Taxes for WTI reached as high as $35.0 million in Q4 2019 and fell as low as -$6.6 million in Q2 2023.
- Historically, Change in Taxes has averaged $3.6 million across 5 years, with a median of $32500.0 in 2020.
- Across the five-year window, Change in Taxes soared 1716600.0% in 2019 and plunged 2757.38% in 2022, its largest moves.
- Year by year, Change in Taxes stood at $35.0 million in 2019, then tumbled by 99.94% to $21000.0 in 2020, then soared by 533.33% to $133000.0 in 2021, then tumbled by 1003.01% to -$1.2 million in 2022, then tumbled by 57.95% to -$1.9 million in 2023.
- Per Business Quant data, the three most recent Change in Taxes figures were -$1.9 million in Q4 2023, $1.7 million in Q3 2023, and -$6.6 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 142.40 Bn | 136.04 Bn | 9.48 Bn | - |
| 2 | Eog Resources | 75.49 Bn | 71.64 Bn | - | 467.00 Mn |
| 3 | Diamondback Energy | 55.77 Bn | 55.77 Bn | 4.22 Bn | 287.00 Mn |
| 4 | Woodside Energy | 42.46 Bn | 36.52 Bn | 2.71 Bn | - |
| 5 | Eqt | 32.82 Bn | 32.71 Bn | 1.42 Bn | - |
| 6 | Occidental Petroleum | 32.75 Bn | 28.94 Bn | 4.87 Bn | 35.00 Mn |
| 7 | Texas Pacific Land | 27.10 Bn | 26.85 Bn | - | 33.26 Mn |
| 8 | Devon Energy | 26.71 Bn | 24.89 Bn | 3.61 Bn | - |
| 9 | Expand Energy | 21.86 Bn | 19.55 Bn | 4.21 Bn | - |
| 10 | W&T Offshore | 481.30 Mn | 349.07 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -1.90 Mn |
| Dec 31, 2023 | -1.90 Mn |
| Sep 30, 2023 | 1.71 Mn |
| Sep 30, 2023 | 1.71 Mn |
| Jun 30, 2023 | -6.59 Mn |
| Jun 30, 2023 | -6.59 Mn |
| Mar 31, 2023 | 4.24 Mn |
| Mar 31, 2023 | 4.24 Mn |
| Dec 31, 2022 | -1.20 Mn |
| Dec 31, 2022 | -1.20 Mn |
| Sep 30, 2022 | -1.74 Mn |
| Sep 30, 2022 | -1.74 Mn |
| Jun 30, 2022 | 3.18 Mn |
| Jun 30, 2022 | 3.18 Mn |
| Mar 31, 2022 | 44,000.00 |
| Mar 31, 2022 | 44,000.00 |
| Dec 31, 2021 | 133,000.00 |
| Dec 31, 2021 | 133,000.00 |
| Sep 30, 2021 | -61,000.00 |
| Sep 30, 2021 | -61,000.00 |