W&T Offshore (WTI) Interest Expenses (2010 - 2023)
W&T Offshore (WTI) reported Interest Expenses of $9.7 million for Q4 2023, down 33.02% year-over-year from $14.5 million in Q4 2022, and down 1.97% quarter-over-quarter from $9.9 million in Q3 2023.
W&T Offshore (WTI) Interest Expenses (2010 - 2023) Analysis & Trends
W&T Offshore (WTI) has 14 years of Interest Expenses data on file, last reported at $9.7 million in Q4 2023.
- Interest Expenses for Q4 2023 came in at $9.7 million, down 33.02% year-over-year; the trailing twelve-month figure through Sep 2024 was $9.7 million (down 80.34% YoY), and the FY2023 annual result was $44.7 million, down 35.64% from the prior year.
- Interest Expenses declined to $9.7 million in Q4 2023 per WTI's latest filing, from $9.9 million in the prior quarter.
- Over five years, Interest Expenses peaked at $19.9 million in Q1 2022 and troughed at $1.9 million in Q2 2021.
- A 5-year average of $13.4 million and a median of $14.6 million in 2022 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2021 and 2022: Interest Expenses slumped 87.32% in 2021, then soared 868.21% in 2022.
- A 5-year view of Interest Expenses shows it stood at $16.6 million in 2019, then retreated by 7.41% to $15.4 million in 2020, then plunged by 36.49% to $9.8 million in 2021, then soared by 48.5% to $14.5 million in 2022, then sank by 33.02% to $9.7 million in 2023.
- Business Quant data shows WTI's Interest Expenses at $9.7 million in Q4 2023, $9.9 million in Q3 2023, and $10.3 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 198.00 Mn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 66.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 432.00 Mn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.89 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 96.78 Mn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 19.47 Mn |
| 10 | W&T Offshore | 569.82 Mn | 437.59 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 9.73 Mn |
| Dec 31, 2023 | 9.73 Mn |
| Sep 30, 2023 | 9.93 Mn |
| Sep 30, 2023 | 9.93 Mn |
| Jun 30, 2023 | 10.32 Mn |
| Jun 30, 2023 | 10.32 Mn |
| Mar 31, 2023 | 14.71 Mn |
| Mar 31, 2023 | 14.71 Mn |
| Dec 31, 2022 | 14.53 Mn |
| Dec 31, 2022 | 14.53 Mn |
| Sep 30, 2022 | 16.85 Mn |
| Sep 30, 2022 | 16.85 Mn |
| Jun 30, 2022 | 18.18 Mn |
| Jun 30, 2022 | 18.18 Mn |
| Mar 31, 2022 | 19.88 Mn |
| Mar 31, 2022 | 19.88 Mn |
| Dec 31, 2021 | 9.78 Mn |
| Dec 31, 2021 | 9.78 Mn |
| Sep 30, 2021 | 5.93 Mn |
| Sep 30, 2021 | 5.93 Mn |