W&T Offshore (WTI) Tax Provisions (2010 - 2026)
W&T Offshore (WTI) posted quarterly Tax Provisions of $2.6 million for Q1 2026, up 157.12% year-over-year from $1.0 million in Q1 2025, and up 103.78% quarter-over-quarter from -$69.8 million in Q4 2025.
W&T Offshore (WTI) Tax Provisions (2010 - 2026) Analysis & Trends
W&T Offshore (WTI) has reported Tax Provisions for 17 consecutive years, with $2.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions rose 157.12% year-over-year to $2.6 million; the TTM figure through Mar 2026 stood at -$13.6 million (up 47.93% YoY), while the FY2025 annual figure was -$20.8 million, down 2.06% from the prior year.
- Tax Provisions grew to $2.6 million in Q1 2026 per WTI's latest filing, from -$69.8 million in the prior quarter.
- Across five years, Tax Provisions topped out at $56.0 million in Q3 2025 and bottomed at -$69.8 million in Q4 2025.
- Historically, Tax Provisions has averaged -$2.1 million across 5 years, with a median of -$689000.0 in 2022.
- Annual changes were most pronounced in 2023 — Tax Provisions soared 1353.85% — and 2025, when it tumbled 541.63%.
- W&T Offshore's Tax Provisions stood at -$44.4 million in 2022, then jumped by 62.7% to -$16.6 million in 2023, then gained by 25.93% to -$12.3 million in 2024, then tumbled by 469.38% to -$69.8 million in 2025, then surged by 103.78% to $2.6 million in 2026.
- Business Quant data shows WTI's Tax Provisions at $2.6 million in Q1 2026, -$69.8 million in Q4 2025, and $56.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 473.00 Mn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.77 Mn |
| 10 | W&T Offshore | 585.35 Mn | 433.19 Mn | 156.05 Mn | -1.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.37 Mn |
| Mar 31, 2026 | 2.64 Mn |
| Dec 31, 2025 | -69.81 Mn |
| Sep 30, 2025 | 55.99 Mn |
| Jun 30, 2025 | -2.38 Mn |
| Mar 31, 2025 | -4.62 Mn |
| Dec 31, 2024 | -12.26 Mn |
| Sep 30, 2024 | -4.55 Mn |
| Jun 30, 2024 | -4.64 Mn |
| Mar 31, 2024 | 1.05 Mn |
| Dec 31, 2023 | -16.55 Mn |
| Sep 30, 2023 | 4.78 Mn |
| Jun 30, 2023 | 3.00 Mn |
| Mar 31, 2023 | 8.64 Mn |
| Dec 31, 2022 | -44.38 Mn |
| Sep 30, 2022 | 16.40 Mn |
| Jun 30, 2022 | 31.10 Mn |
| Mar 31, 2022 | -689,000.00 |
| Dec 31, 2021 | 10.74 Mn |
| Sep 30, 2021 | -5.90 Mn |