W&T Offshore (WTI) Change in Taxes (2010 - 2023)
W&T Offshore (WTI) posted quarterly Change in Taxes of -$1.9 million for Q4 2023, down 57.95% year-over-year from -$4.5 million in Q4 2022, and down 210.87% quarter-over-quarter from $1.7 million in Q3 2023.
W&T Offshore (WTI) Change in Taxes (2010 - 2023) Analysis & Trends
W&T Offshore (WTI) has reported Change in Taxes for 14 consecutive years, with -$1.9 million the latest figure, recorded in Q4 2023.
- In Q4 2023, Change in Taxes fell 57.95% year-over-year to -$1.9 million; the TTM figure through Dec 2023 stood at -$2.5 million (down 1007.17% YoY), while the FY2023 annual figure was -$2.5 million, down 1007.17% from the prior year.
- Change in Taxes retreated to -$1.9 million in Q4 2023 per WTI's latest filing, from $1.7 million in the prior quarter.
- Across five years, Change in Taxes topped out at $35.0 million in Q4 2019 and bottomed at -$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.
- Annual changes were most pronounced in 2019 — Change in Taxes surged 1716600.0% — and 2022, when it slumped 2757.38%.
- W&T Offshore's Change in Taxes stood at $35.0 million in 2019, then tumbled by 99.94% to $21000.0 in 2020, then jumped 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.
- Business Quant data shows WTI's Change in Taxes at -$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 | 164.44 Bn | 156.75 Bn | 12.81 Bn | - |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 454.72 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | -69.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | -287.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | -32.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | -8.34 Mn |
| 10 | W&T Offshore | 585.35 Mn | 433.19 Mn | 156.05 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 |