W&T Offshore, Inc. WTI

Competitive advantage analysis · energy

Corporate Default
Overall moat score
24/100
Weak

About W&T Offshore, Inc.

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America. The company sells crude oil, condensate, natural gas, and natural gas liquids. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas. Full WTI analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.71), suggesting sticky customer base.

Key risks

  • ROIC Below WACC or Peers ROIC at 6.4th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 14.6th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
23

Where WTI ranks in Oil & Gas E&P

W&T Offshore, Inc. ranks #75 of 93 scored companies in Oil & Gas E&P by moat score — the top 81%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

Moat scores for companies ranked near WTI in Oil & Gas E&P
# Company Moat score Rating
71 Ring Energy, Inc. REI 29/100 Developing
72 Battalion Oil Corporation BATL 28/100 Developing
73 Epsilon Energy Ltd. EPSN 27/100 Developing
74 Evolution Petroleum Corporation EPM 26/100 Developing
75 W&T Offshore, Inc. WTI 24/100 Weak
76 Barnwell Industries, Inc. BRN 23/100 Weak
77 Tamboran Resources Corporation TBN 23/100 Weak
78 Kosmos Energy Ltd. KOS 20/100 Weak
79 Indonesia Energy Corporation Li INDO 18/100 Weak

See every Commodities & Mining company ranked by moat score →

How WTI scores on the Corporate Default defenses

Pricing Power

Score 23 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 11 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 44 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 6 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 32 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 34 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding WTI's moat

What is W&T Offshore, Inc.'s moat score?

W&T Offshore, Inc. (WTI) scores 24 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #75 of 93 scored companies in Oil & Gas E&P, the top 81%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Customer Stickiness (44/100) and its weakest is Capital Efficiency (6/100).

How does W&T Offshore, Inc. compare with other Oil & Gas E&P companies?

W&T Offshore, Inc. ranks #75 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Evolution Petroleum Corporation (EPM) at 26 just above it and Barnwell Industries, Inc. (BRN) at 23 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.

Why is W&T Offshore, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for W&T Offshore, Inc.?

The Corporate Default template measures 6 defenses, and WTI scores: Pricing Power (23), Cost Advantage (11), Customer Stickiness (44), Capital Efficiency (6), Resilience (32), Scale & Market Position (34). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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