W&T Offshore (WTI) Operating Margin (2009 - 2026)
W&T Offshore (WTI) reported Operating Margin of 7.08% for Q3 2026, up 16.96 percentage points from -9.89% a year earlier but down 6.84 percentage points from the prior quarter.
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Analysis
W&T Offshore (WTI) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, W&T Offshore's Operating Margin came in at 4.99%, up 15.12 percentage points year-over-year; for FY2025, it was -10.53%, down 2.50 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, with a five-year change of -10.76 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -8.03% in FY2024 (-13.57 pp), 5.54% in FY2023 (-43.77 pp), 49.30% in FY2022 (+15.31 pp) and 33.99% in FY2021 (+33.76 pp).
- Five-year quarterly Operating Margin spans a low of -15.69% in Q4 2025 and a high of 59.28% in Q2 2022.
- Year over year, Operating Margin has now increased in each of the last three quarters, with an average year-over-year change of +4.21 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q4 2021 (a gain of 40.88 percentage points); the low point was Q2 2023 (a drop of 59.23 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 13.92% (Q2 2026), 9.76% (Q1 2026) and -15.69% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | W&T Offshore | 520.45 Mn | -93.03 Mn | 55.31 Mn | 7.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.08% |
| Jun 30, 2026 | 13.92% |
| Mar 31, 2026 | 9.76% |
| Dec 31, 2025 | -15.69% |
| Sep 30, 2025 | -9.89% |
| Jun 30, 2025 | -10.50% |
| Mar 31, 2025 | -6.35% |
| Dec 31, 2024 | -14.12% |
| Sep 30, 2024 | -15.62% |
| Jun 30, 2024 | -4.37% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 1.35% |
| Sep 30, 2023 | 12.14% |
| Jun 30, 2023 | 0.06% |
| Mar 31, 2023 | 7.86% |
| Dec 31, 2022 | 29.52% |
| Sep 30, 2022 | 51.83% |
| Jun 30, 2022 | 59.28% |
| Mar 31, 2022 | 51.12% |
| Dec 31, 2021 | 41.24% |
API Access
W&T Offshore Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=WTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "WTI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=WTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();