W&T Offshore (WTI) Operating Leases (2019 - 2023)
W&T Offshore (WTI) posted quarterly Operating Leases of $10.8 million for Q4 2023, up 2.62% year-over-year from $10.5 million in Q4 2022, and down 7.67% quarter-over-quarter from $11.7 million in Q3 2023.
W&T Offshore (WTI) Operating Leases (2019 - 2023) Analysis & Trends
W&T Offshore (WTI) has reported Operating Leases for 5 consecutive years, with $10.8 million the latest figure, recorded in Q4 2023.
- In Q4 2023, Operating Leases rose 2.62% year-over-year to $10.8 million; the TTM figure through Dec 2023 stood at $10.8 million (up 2.62% YoY), while the FY2023 annual figure was $10.8 million, up 2.62% from the prior year.
- Operating Leases fell to $10.8 million in Q4 2023 per WTI's latest filing, from $11.7 million in the prior quarter.
- Across five years, Operating Leases topped out at $11.7 million in Q2 2023 and bottomed at $4.4 million in Q4 2019.
- Historically, Operating Leases has averaged $10.6 million across 5 years, with a median of $11.0 million in 2021.
- Annual changes were most pronounced in 2020 — Operating Leases surged 157.07% — and 2022, when it retreated 6.23%.
- W&T Offshore's Operating Leases stood at $4.4 million in 2019, then surged by 157.07% to $11.4 million in 2020, then fell by 1.17% to $11.2 million in 2021, then decreased by 6.23% to $10.5 million in 2022, then gained by 2.62% to $10.8 million in 2023.
- Business Quant data shows WTI's Operating Leases at $10.8 million in Q4 2023, $11.7 million in Q3 2023, and $11.7 million in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.08 Bn | 156.39 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.40 Bn | 104.51 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.39 Bn | 75.48 Bn | - |
| 4 | Diamondback Energy | 59.58 Bn | 59.11 Bn | 5.55 Bn |
| 5 | Devon Energy | 46.29 Bn | 45.28 Bn | 6.02 Bn |
| 6 | Woodside Energy | 46.12 Bn | 40.17 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn |
| 8 | Eqt | 34.03 Bn | 33.92 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.43 Bn | 26.18 Bn | - |
| 10 | W&T Offshore | 589.09 Mn | 436.93 Mn | 156.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 10.80 Mn |
| Sep 30, 2023 | 11.70 Mn |
| Jun 30, 2023 | 11.71 Mn |
| Mar 31, 2023 | 10.55 Mn |
| Dec 31, 2022 | 10.53 Mn |
| Sep 30, 2022 | 10.81 Mn |
| Jun 30, 2022 | 10.97 Mn |
| Mar 31, 2022 | 10.94 Mn |
| Dec 31, 2021 | 11.23 Mn |
| Sep 30, 2021 | 11.19 Mn |
| Jun 30, 2021 | 11.06 Mn |
| Mar 31, 2021 | 11.26 Mn |
| Dec 31, 2020 | 11.36 Mn |
| Dec 31, 2019 | 4.42 Mn |