Whiting Petroleum (Whiting Petroleum) Gross Margin % : 67.37% (As of Mar. 2022)

View and export this data going back to 2003. Start your Free Trial

What is Whiting Petroleum Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Whiting Petroleum's Gross Profit for the three months ended in Mar. 2022 was $355 Mil. Whiting Petroleum's Revenue for the three months ended in Mar. 2022 was $527 Mil. Therefore, Whiting Petroleum's Gross Margin % for the quarter that ended in Mar. 2022 was 67.37%.

The historical rank and industry rank for Whiting Petroleum's Gross Margin % or its related term are showing as below:

WLL' s Gross Margin % Range Over the Past 10 Years
Min: -30.39 Med: 36.91 Max: 63.9
Current: 63.9

During the past 13 years, the highest Gross Margin % of Whiting Petroleum was 63.90%. The lowest was -30.39%. And the median was 36.91%.

WLL's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 28 vs WLL: 63.90

Whiting Petroleum had a gross margin of 67.37% for the quarter that ended in Mar. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Whiting Petroleum was 0.00% per year.

Whiting Petroleum Gross Margin % Historical Data

The historical data trend for Whiting Petroleum's Gross Margin % 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.

Whiting Petroleum Gross Margin % Chart

Whiting Petroleum Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Margin %

Get a 7-Day Free Trial

2.84

36.91

15.69

60.41

Whiting Petroleum Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Gross Margin %	Get a 7-Day Free Trial															52.46	57.32	62.21	66.36	67.37

Competitive Comparison of Whiting Petroleum's Gross Margin %

For the Oil & Gas E&P subindustry, Whiting Petroleum's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Whiting Petroleum's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Whiting Petroleum's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Whiting Petroleum's Gross Margin % falls into.

Whiting Petroleum Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Whiting Petroleum's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	926.4	/	1533.481
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1533.481 - 607.046)	/	1533.481
	=	60.41 %

Whiting Petroleum's Gross Margin for the quarter that ended in Mar. 2022 is calculated as

Gross Margin % (Q: Mar. 2022 )	=	Gross Profit (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	354.9	/	526.856
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(526.856 - 171.929)	/	526.856
	=	67.37 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Whiting Petroleum (NYSE:WLL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Whiting Petroleum had a gross margin of 67.37% for the quarter that ended in Mar. 2022 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Whiting Petroleum Gross Margin % Related Terms

Thank you for viewing the detailed overview of Whiting Petroleum's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Whiting Petroleum (Whiting Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whiting Petroleum Corp (NYSE:WLL) » Definitions » Gross Margin %

Comparable Companies

BSM KOS NFTN HPK CRC OAS CPE CRK DEN CNX COP EOG HKSE:00883 TSX:CNQ PXD OXY ASX:WDS DVN HES CLR

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 4700, Denver, CO, USA, 80203-4547

Website

https://www.whiting.com

Whiting Petroleum Corp is a US-based independent oil and gas company. It is engaged in the development, production, acquisition, and exploration activities primarily in the Rocky Mountains region of the United States. It explores the production of crude oil, natural gas liquids, and natural gas. The operations of the company are principally carried out in the United States. It derives revenue from the sales of oil, natural gas liquids, and natural gas.

Executives

Janet Carrig	director	ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
James P Henderson	officer: Former EVP Finance & CFO	1625 BROADWAY, SUITE 250, DENVER CO 80202
Charles J. Rimer	officer: Former EVP Operations & COO	NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Anne Taylor	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Paul Korus	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Lynn A Peterson	director, officer: Former President & CEO	1625 BROADWAY, SUITE 250, DENVER CO 80202
Rice Daniel J. Iv	director	400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Michael Scott Regan	officer: VP, Legal, GC and Secretary	1700 LINCOLN, SUITE 4700, DENVER CO 80203
Sirikka R Lohoefener	officer: Vice President and Controller	1700 BROADWAY, SUITE 2300 DENVER CO 80290
Stockton Jo Ann F.	officer: Vice President, Commercial	1700 LINCOLN STREET SUITE 4700 DENVER CO 80203
Philip Edward Doty	director	5160 PRESERVE PARKWAY NORTH GREENWOOD VILLAGE CO 80121
Lyne B Andrich	director
Michael G Hutchinson	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112