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Whiting Petroleum Corporation WLL
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Quarterly report 2022-Q1
added 05-16-2026

Whiting Petroleum Corporation Income Statement 2021-2007 | WLL

Brief overview of income trends at Whiting Petroleum Corporation

The conclusions below are based on five years of reported results. The revenue attributed to Whiting Petroleum Corporation moved from $1.3 billion to $1.5 billion between the two endpoints. The five-year change reached +19.3%, while CAGR stood at 3.6%. Sales changed only slightly and remained broadly flat.

EBITDA was $343 million at the beginning and $648 million at the end of the period (+88.7%). EBITDA expanded faster than the top line. Comparing the endpoints gives EBITDA margins of 26.7% and 42.3%. The business generated more EBITDA from each unit of revenue.

The net financial result changed from −1.3 billion dollars to 428 million dollars. The return to profit marks a meaningful recovery in the final result.

Summary assessment

The results present an uneven picture without one dominant signal. The positive side is supported by higher operating efficiency and improving net profitability. Caution is warranted because of weak sales momentum. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Whiting Petroleum Corporation

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

2.89 B 772 M 413 M 2.59 M 2.52 B 2.78 B 1.43 B 14.6 B 27.5 B 22.3 B 23.4 B - - - -

Shares

39 M 38.1 M 91.3 M 91 K 90.7 M 63 M 48.9 M 122 M 118 M 118 M 117 M 106 M 100 M 84.6 M -

Historical Prices

74 20.3 4.52 28.5 27.8 44.2 29.3 120 233 190 200 - - - -

Net Income

428 M 39.1 M -241 M 342 M -1.24 B -1.34 B -2.22 B 64.8 M 366 M 414 M 492 M 337 M -107 M 252 M -

Revenue

1.53 B 273 M 1.57 B 2.08 B 1.48 B 1.28 B 2.05 B 3.09 B 2.83 B 2.17 B 1.9 B 1.52 B 979 M 1.22 B -

Gross Profit

- - 247 M 768 M 42.1 M -390 M 111 M 1.19 B 1.12 B 905 M 1.45 B - - - -

Operating Income

442 M 35 M 12.7 M 570 M -1.53 B -828 M -2.64 B 312 M 280 M 236 M 243 M 205 M - - -

Interest Expense

16.4 M 8.08 M 191 M 197 M 191 M 558 M 334 M 171 M 113 M 75.2 M 62.5 M 59.1 M 64.6 M 65.1 M -

EBITDA

648 M 112 M 829 M 1.35 B -580 M 343 M -1.4 B 1.4 B 1.17 B 920 M 712 M 599 M 395 M 277 M -

Operating Expenses

- 238 M 160 M 179 M 1.05 B 254 M 2.04 B 1 B 559 M 246 M 638 M - - - -

General and Administrative Expenses

49.5 M 21.7 M 133 M 123 M 124 M 147 M 173 M 177 M 138 M 109 M 85 M 64.7 M 42.4 M 61.7 M -

All numbers in USD currency

Quarterly Income Statement Whiting Petroleum Corporation

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Shares

- - - 39.2 M 39.1 M 39.1 M 39.1 M 38.7 M 38.1 M 38.1 M 91.4 M 91.4 M 91.3 M 91.3 M 91.3 M 91.2 M 91 M 91 M 90.9 M 90.9 M 90.7 M 363 M 363 M 363 M 90.5 M 280 M 226 M 204 M 204 M 204 M 204 M 169 M 167 M 119 M 119 M 119 M 119 M 119 M 118 M 118 M 118 M 118 M 118 M 118 M 117 M 117 M 117 M 117 M 52.1 M 51 M

Net Income

- - - -37.4 M - 198 M -61.5 M -946 K 39.1 M 40.3 M -574 M -3.63 B - -19.1 M -5.69 M -68.9 M - 121 M 2.12 M 15 M - -286 M -66 M -87 M - -693 M -301 M -172 M -98.7 M -1.87 B -149 M -106 M -354 M 158 M 151 M 109 M -59.3 M 204 M 135 M 86.3 M 81.7 M 83.1 M 151 M 98.5 M 62.8 M 206 M 203 M 19.4 M 58.5 M 125 M

Revenue

- - - 527 M - 401 M 352 M 307 M 273 M 61.1 M 91.6 M 245 M - 376 M 426 M 389 M - 567 M 526 M 515 M - 324 M 312 M 371 M - 129 M 340 M 292 M - 508 M 590 M 529 M - 813 M 836 M 740 M - 831 M 664 M 613 M - 530 M 502 M 564 M - 488 M 481 M 432 M 374 M 378 M

Operating Income

- - - -94.5 M - 202 M -57.8 M 1.64 M 35 M 30.2 M -517 M -3.61 B - 24.6 M 65.9 M -46 M - 169 M 49.8 M 98.2 M - -481 M -56.7 M -77.5 M - -298 M -154 M -246 M -61 M 18.1 M 128 M 25.6 M 178 M 326 M 370 M 311 M 280 M 317 M 270 M 253 M 236 M 204 M 202 M 263 M 243 M 234 M 256 M 215 M - -

Interest Expense

- - - 2.28 M - 3.87 M 3.98 M 5.1 M 8.08 M 2.13 M 16.4 M 45.2 M - 48.4 M 48.7 M 48.1 M - 48.3 M 48.3 M 52.9 M - 47.7 M 47.9 M 48 M - 84.6 M 78.7 M 81.9 M - 84.6 M 89.2 M 74.3 M - 39.6 M 39 M 42.1 M - 25 M 23.1 M 21.5 M - 18.7 M 17.9 M 18.5 M - 16.1 M 15.3 M 14.5 M 14.6 M 15.6 M

EBITDA

- - - -45.3 M - 254 M -6.17 M 55.4 M 112 M 50.3 M -434 M -3.43 B - 236 M 269 M 152 M - 366 M 249 M 286 M - -268 M 163 M 163 M - -13 M 150 M 66.3 M -61 M 334 M 450 M 309 M 178 M 612 M 639 M 546 M 280 M 536 M 493 M 454 M 236 M 384 M 362 M 419 M 243 M 356 M 366 M 323 M 97.7 M 94.6 M

General and Administrative Expenses

- - - 18.6 M - 12 M 12 M 10.3 M 21.7 M 10.3 M 28.1 M 47.2 M - 29.9 M 32.6 M 35 M - 31.9 M 31.6 M 31.5 M - 30.1 M 31.9 M 30.6 M - 33.9 M 33.5 M 44.8 M - 44.8 M 45 M 44 M - 37.1 M 35.6 M 32.3 M - 50.4 M 29.2 M 28.9 M - 25 M 25.2 M 34.4 M - 23.1 M 20.9 M 18.4 M 19.5 M 15.4 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Whiting Petroleum Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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