W&T Offshore (WTI) Gross Margin (2010 - 2018)
W&T Offshore (WTI) posted quarterly Gross Margin of 96.23% for Q1 2018, up 122.0% year-over-year from 43.35% in Q1 2017, and little changed quarter-over-quarter from 96.28% in Q4 2017.
W&T Offshore (WTI) Gross Margin (2010 - 2018) Analysis & Trends
W&T Offshore (WTI) has reported Gross Margin for 9 consecutive years, with 96.23% the latest figure, recorded in Q1 2018.
- In Q1 2018, Gross Margin rose 122.0% year-over-year to 96.23%; the TTM figure through Mar 2018 stood at 96.12% (up 150.0% YoY), while the FY2017 annual figure was 95.8%, up 154.0% from the prior year.
- Gross Margin steadied at 96.23% in Q1 2018 per WTI's latest filing, from 96.28% in the prior quarter.
- Across five years, Gross Margin topped out at 98.48% in Q2 2014 and bottomed at 93.45% in Q1 2016.
- Historically, Gross Margin has averaged 96.12% across 5 years, with a median of 96.23% in 2018.
- Annual changes were most pronounced in 2014 — Gross Margin jumped 8030 bps — and 2016, when it tumbled 320 bps.
- W&T Offshore's Gross Margin stood at 96.73% in 2014, then fell by 1 bps to 96.19% in 2015, then slipped by 2 bps to 94.55% in 2016, then rose by 2 bps to 96.28% in 2017, then retreated by 0 bps to 96.23% in 2018.
- Business Quant data shows WTI's Gross Margin at 96.23% in Q1 2018, 96.28% in Q4 2017, and 96.27% in Q3 2017.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.85 Bn | 156.16 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.43 Bn | 104.54 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.11 Bn | 75.20 Bn | - | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 99.84% |
| 5 | Woodside Energy | 46.08 Bn | 40.14 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.05 Bn | 45.04 Bn | 6.02 Bn | 81.22% |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.75 Bn | 33.64 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 26.12 Bn | 25.87 Bn | - | - |
| 10 | W&T Offshore | 579.36 Mn | 427.20 Mn | 156.05 Mn | 95.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2018 | 96.23% |
| Dec 31, 2017 | 96.28% |
| Sep 30, 2017 | 96.27% |
| Jun 30, 2017 | 95.69% |
| Mar 31, 2017 | 95.01% |
| Dec 31, 2016 | 94.55% |
| Sep 30, 2016 | 95.19% |
| Jun 30, 2016 | 93.58% |
| Mar 31, 2016 | 93.45% |
| Dec 31, 2015 | 96.19% |
| Sep 30, 2015 | 97.17% |
| Jun 30, 2015 | 96.78% |
| Mar 31, 2015 | 96.23% |
| Dec 31, 2014 | 96.73% |
| Sep 30, 2014 | 98.25% |
| Jun 30, 2014 | 98.48% |
| Mar 31, 2014 | 97.92% |
| Dec 31, 2013 | 16.43% |
| Sep 30, 2013 | 98.52% |
| Jun 30, 2013 | 98.04% |