W&T Offshore (WTI) Gross Margin (2010 - 2021)
W&T Offshore (WTI) reported Gross Margin of 97.05% for Q4 2021, down 126.0% year-over-year from 373.28% in Q4 2020, and up 1.23% quarter-over-quarter from 95.88% in Q3 2021.
W&T Offshore (WTI) Gross Margin (2010 - 2021) Analysis & Trends
W&T Offshore (WTI) has 12 years of Gross Margin data on file, last reported at 97.05% in Q4 2021.
- Gross Margin for Q4 2021 came in at 97.05%, down 126.0% year-over-year; the trailing twelve-month figure through Dec 2021 was 96.9% (down 168.0% YoY), and the FY2021 annual result was 98.19%, down 39.0% from the prior year.
- Gross Margin rose to 97.05% in Q4 2021 per WTI's latest filing, from 95.88% in the prior quarter.
- Over five years, Gross Margin peaked at 99.76% in Q2 2019 and troughed at 67.71% in Q1 2017.
- A 5-year average of 96.85% and a median of 99.41% in 2020 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2017 and 2018: Gross Margin plunged 2574 bps in 2017, then surged 3195 bps in 2018.
- A 5-year view of Gross Margin shows it stood at 99.66% in 2017, then decreased by 0 bps to 99.65% in 2018, then retreated by 0 bps to 99.21% in 2019, then fell by 1 bps to 98.32% in 2020, then fell by 1 bps to 97.05% in 2021.
- Business Quant data shows WTI's Gross Margin at 97.05% in Q4 2021, 95.88% in Q3 2021, and 88.31% in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | W&T Offshore | 569.82 Mn | 437.59 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2021 | 97.05% |
| Sep 30, 2021 | 95.88% |
| Jun 30, 2021 | 88.31% |
| Mar 31, 2021 | 98.41% |
| Dec 31, 2020 | 98.32% |
| Sep 30, 2020 | 98.25% |
| Jun 30, 2020 | 97.93% |
| Mar 31, 2020 | 99.26% |
| Dec 31, 2019 | 99.21% |
| Sep 30, 2019 | 99.56% |
| Jun 30, 2019 | 99.76% |
| Mar 31, 2019 | 99.64% |
| Dec 31, 2018 | 99.65% |
| Sep 30, 2018 | 99.72% |
| Jun 30, 2018 | 99.71% |
| Mar 31, 2018 | 99.66% |
| Dec 31, 2017 | 99.66% |
| Sep 30, 2017 | 99.69% |
| Jun 30, 2017 | 99.64% |
| Mar 31, 2017 | 67.71% |