W&T Offshore (W&T Offshore) EBIT : $78.6 Mil (TTM As of Dec. 2023)

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What is W&T Offshore EBIT?

W&T Offshore's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $11.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $78.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. W&T Offshore's annualized ROC % for the quarter that ended in Dec. 2023 was -0.23%. W&T Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. W&T Offshore's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.68%.

W&T Offshore EBIT Historical Data

The historical data trend for W&T Offshore's EBIT 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.

* Premium members only.

W&T Offshore EBIT Chart

W&T Offshore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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58.46

69.10

20.51

354.25

78.63

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
EBIT	Get a 7-Day Free Trial															64.83	49.36	1.21	16.85	11.22

Competitive Comparison of W&T Offshore's EBIT

For the Oil & Gas E&P subindustry, W&T Offshore's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

W&T Offshore's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, W&T Offshore's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where W&T Offshore's EV-to-EBIT falls into.

W&T Offshore EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $78.6 Mil.

W&T Offshore (NYSE:WTI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

W&T Offshore's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	7.164 * ( 1 - 129.75% )	/	( (958.355	+	917.668)	/ 2 )
=	-2.13129	/	938.0115
=	-0.23 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1125.373	-	133.954	-	( 148.993	-	max(0, 215.668	-	248.732	+	148.993	))
=	958.355

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1114.005	-	148.209	-	( 173.338	-	max(0, 216.852	-	264.98	+	173.338	))
=	917.668

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

W&T Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	44.872	/	( ( (782.077 + max(-101.367, 0))	+	(759.571 + max(-112.085, 0)) )	/	2 )
=	44.872	/	( ( 782.077	+	759.571 )	/	2 )
=	44.872	/	770.824
=	5.82 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(48.522	+	0	+	34.893)	-	(133.954	+	0	+	50.828)
=	-101.367

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(52.08	+	0	+	21.864)	-	(148.209	+	0	+	37.82)
=	-112.085

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

W&T Offshore's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	78.633	/	574.639
	=	13.68 %

W&T Offshore EBIT Related Terms

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

Industry

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

Comparable Companies

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