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
DateValue
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