W&T Offshore (W&T Offshore) Interest Expense : $-44.7 Mil (TTM As of Dec. 2023)

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What is W&T Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. W&T Offshore's interest expense for the three months ended in Dec. 2023 was $ -9.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-44.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. W&T Offshore's Operating Income for the three months ended in Dec. 2023 was $ 1.8 Mil. W&T Offshore's Interest Expense for the three months ended in Dec. 2023 was $ -9.7 Mil. W&T Offshore's Interest Coverage for the quarter that ended in Dec. 2023 was 0.18. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

W&T Offshore Interest Expense Historical Data

The historical data trend for W&T Offshore's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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W&T Offshore Interest Expense Chart

W&T Offshore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-59.57

-61.46

-70.05

-69.44

-44.69

W&T Offshore Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-14.53	-14.71	-10.32	-9.93	-9.73

W&T Offshore Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44.7 Mil.

W&T Offshore (NYSE:WTI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

W&T Offshore's Interest Expense for the three months ended in Dec. 2023 was $-9.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $372.0 Mil.

W&T Offshore's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.791	/	-9.729
	=	0.18

The higher the ratio, the stronger the company's financial strength is.

W&T Offshore (W&T Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » W&T Offshore Inc (NYSE:WTI) » Definitions » Interest Expense

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Traded in Other Exchanges

UWV:Germany

Address

5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745

Website

https://www.wtoffshore.com

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion.

Executives

Sameer Parasnis	officer: EVP & Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Nancy T Chang	director	101 WESTCOTT, SUITE 603, HOUSTON TX 77007
Jonathan Charles Curth	officer: See Remarks	5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Hartman Bart P. Iii	officer: VP and CAO	5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057
Conwill Daniel O. Iv	director	400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130
Shahid Ghauri	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Virginia Boulet	director	909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112
B Frank Stanley	director	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Tracy W Krohn	director, 10 percent owner, officer: Chairman & CEO	EIGHT GREENWAY PLAZA, HOUSTON TX 77046
Stuart B Katz	director	520 MADISON AVE., NEW YORK NY 10022
William J Williford	officer: EVP and GM of Gulf of Mexico	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
David M Bump	officer: See Remarks	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Sunghee Janet Yang	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Stephen L Schroeder	officer: SVP & Chief Technical Officer	C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046
John D Gibbons	officer: SVP & Chief Financial Officer	P.O. BOX 500, SAN ANTONIO TX 78292-0500