W&T Offshore (WTI) Operating Margin (2010 - 2026)
W&T Offshore (WTI) reported Operating Margin of 13.92% for Q2 2026, up 24.42 percentage points from -10.50% a year earlier and up 4.16 percentage points from the prior quarter.
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Analysis
W&T Offshore (WTI) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, W&T Offshore's Operating Margin came in at 0.99%, up 12.54 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).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q4 2022.
- Year over year, Operating Margin gained in three of the last eight quarters, with an average year-over-year change of -1.38 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 62.87 percentage points); the low point was Q2 2023 (a drop of 59.23 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 9.76% (Q1 2026), -15.69% (Q4 2025) and -9.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 28.46% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 5.19% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 36.94% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 30.46% |
| 10 | W&T Offshore | 540.38 Mn | -6.58 Mn | - | 13.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 35.97% |
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();