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
DateValue
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