W&T Offshore (WTI) Operating Expenses (2010 - 2026)
W&T Offshore (WTI) posted quarterly Operating Expenses of $135.4 million for Q1 2026, down 1.98% year-over-year from $138.1 million in Q1 2025, and down 3.85% quarter-over-quarter from $140.8 million in Q4 2025.
W&T Offshore (WTI) Operating Expenses (2010 - 2026) Analysis & Trends
W&T Offshore (WTI) has reported Operating Expenses for 17 consecutive years, with $135.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 1.98% year-over-year to $135.4 million; the TTM figure through Mar 2026 stood at $551.5 million (down 2.34% YoY), while the FY2025 annual figure was $554.3 million, down 2.32% from the prior year.
- Operating Expenses fell to $135.4 million in Q1 2026 per WTI's latest filing, from $140.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $149.0 million in Q2 2024 and bottomed at $93.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $131.0 million across 5 years, with a median of $135.2 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 381.79% — and 2025, when it dropped 9.24%.
- W&T Offshore's Operating Expenses stood at $133.7 million in 2022, then fell by 2.36% to $130.5 million in 2023, then increased by 5.2% to $137.3 million in 2024, then climbed by 2.53% to $140.8 million in 2025, then fell by 3.85% to $135.4 million in 2026.
- Business Quant data shows WTI's Operating Expenses at $135.4 million in Q1 2026, $140.8 million in Q4 2025, and $140.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.96 Bn | 156.27 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.65 Bn | 104.76 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.14 Bn | 75.23 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.20 Bn | 58.73 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Woodside Energy | 46.12 Bn | 40.17 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.08 Bn | 45.07 Bn | 6.02 Bn | 5.03 Bn |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.77 Bn | 33.66 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.22 Bn | 25.97 Bn | - | 54.24 Mn |
| 10 | W&T Offshore | 583.10 Mn | 430.94 Mn | 156.05 Mn | 139.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 139.99 Mn |
| Mar 31, 2026 | 135.38 Mn |
| Dec 31, 2025 | 140.81 Mn |
| Sep 30, 2025 | 140.13 Mn |
| Jun 30, 2025 | 135.22 Mn |
| Mar 31, 2025 | 138.11 Mn |
| Dec 31, 2024 | 137.34 Mn |
| Sep 30, 2024 | 140.34 Mn |
| Jun 30, 2024 | 148.99 Mn |
| Mar 31, 2024 | 140.79 Mn |
| Dec 31, 2023 | 130.55 Mn |
| Sep 30, 2023 | 125.13 Mn |
| Jun 30, 2023 | 126.11 Mn |
| Mar 31, 2023 | 121.38 Mn |
| Dec 31, 2022 | 133.70 Mn |
| Sep 30, 2022 | 128.37 Mn |
| Jun 30, 2022 | 111.48 Mn |
| Mar 31, 2022 | 93.37 Mn |
| Dec 31, 2021 | 32.74 Mn |
| Sep 30, 2021 | 26.64 Mn |