See more : Hazer Group Limited (HZR.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Permian Resources Corporation (PR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Permian Resources Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Permian Resources Corporation (PR)
About Permian Resources Corporation
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.12B | 2.13B | 1.03B | 580.46M | 944.33M | 891.05M | 429.90M | 98.83M | 90.46M | 131.83M | 70.77M | 60.26M |
| Cost of Revenue | 1.47B | 714.46M | 481.44M | 539.15M | 663.05M | 467.40M | 237.22M | 99.19M | 116.99M | 91.57M | 23.35M | 26.86M |
| Gross Profit | 1.65B | 1.42B | 548.46M | 41.31M | 281.28M | 423.65M | 192.68M | -355.00K | -26.53M | 40.25M | 47.42M | 33.40M |
| Gross Profit Ratio | 52.88% | 66.48% | 53.25% | 7.12% | 29.79% | 47.54% | 44.82% | -0.36% | -29.33% | 30.54% | 67.01% | 55.43% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 161.86M | 159.55M | 110.45M | 72.87M | 79.16M | 63.30M | 49.88M | 204.69M | 14.21M | 31.69M | 16.84M | 6.94M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.16M | 1.78M |
| SG&A | 161.86M | 159.55M | 110.45M | 72.87M | 79.16M | 63.30M | 49.88M | 204.69M | 14.21M | 31.69M | 18.00M | 8.72M |
| Other Expenses | 391.90M | 167.10M | 75.02M | 57.77M | 74.59M | 8.00K | 37.55M | 6.18M | 20.00K | 281.00K | 0.00 | 0.00 |
| Operating Expenses | 553.76M | 326.66M | 185.48M | 130.64M | 153.75M | 129.80M | 87.43M | 210.87M | 21.70M | 38.57M | 42.22M | 526.00K |
| Cost & Expenses | 2.02B | 1.04B | 666.91M | 669.78M | 816.80M | 597.19M | 324.65M | 310.05M | 138.69M | 130.14M | 65.57M | 27.38M |
| Interest Income | 0.00 | 95.65M | 61.29M | 69.19M | 55.99M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 513.00K | 1.08M |
| Interest Expense | 177.21M | 95.65M | 61.29M | 69.19M | 55.99M | 26.36M | 5.73M | 6.00M | 6.27M | 2.48M | 0.00 | 0.00 |
| Depreciation & Amortization | 1.01B | 444.68M | 289.12M | 365.17M | 444.24M | 326.99M | 161.63M | 77.84M | 90.08M | 68.95M | 36.69M | 29.64M |
| EBITDA | 2.22B | 1.41B | 489.15M | -335.96M | 522.45M | 625.52M | 272.02M | -144.27M | 57.45M | 90.74M | 25.01M | 27.55M |
| EBITDA Ratio | 71.15% | 72.04% | 63.36% | 46.40% | 13.54% | 32.98% | 62.08% | -135.13% | 46.29% | 53.80% | 35.34% | 45.72% |
| Operating Income | 1.10B | 1.01B | 370.62M | -89.25M | -316.38M | 282.72M | 105.28M | -213.73M | -55.85M | -20.44M | -11.67M | -2.08M |
| Operating Income Ratio | 35.13% | 47.27% | 35.99% | -15.38% | -33.50% | 31.73% | 24.49% | -216.25% | -61.74% | -15.50% | -16.50% | -3.46% |
| Total Other Income/Expenses | -60.86M | -137.40M | -231.87M | 9.80M | -57.22M | -11.01M | -591.00K | -14.35M | 16.95M | 39.75M | -4.80M | 34.93M |
| Income Before Tax | 1.04B | 870.13M | 138.74M | -770.32M | 22.21M | 272.18M | 113.49M | -228.12M | -38.90M | 19.31M | 4.69M | 32.85M |
| Income Before Tax Ratio | 33.18% | 40.83% | 13.47% | -132.71% | 2.35% | 30.55% | 26.40% | -230.81% | -43.00% | 14.65% | 6.63% | 54.51% |
| Income Tax Expense | 155.95M | 120.29M | 569.00K | -85.12M | 5.80M | 59.44M | 29.93M | -406.00K | -572.00K | 1.52M | 1.08M | 563.00K |
| Net Income | 476.31M | 749.84M | 138.18M | -685.20M | 15.80M | 199.90M | 75.57M | -226.81M | -38.33M | 17.79M | 3.62M | 32.28M |
| Net Income Ratio | 15.26% | 35.18% | 13.42% | -118.04% | 1.67% | 22.43% | 17.58% | -229.48% | -42.37% | 13.50% | 5.11% | 53.57% |
| EPS | 1.38 | 2.62 | 0.49 | -2.47 | 0.06 | 0.76 | 0.32 | -1.13 | -2.96 | 0.61 | 0.13 | 1.11 |
| EPS Diluted | 1.24 | 2.32 | 0.46 | -2.47 | 0.06 | 0.75 | 0.32 | -1.13 | -2.96 | 0.61 | 0.13 | 1.11 |
| Weighted Avg Shares Out | 349.21M | 286.16M | 280.87M | 277.37M | 267.70M | 263.03M | 235.45M | 201.09M | 12.94M | 29.02M | 29.02M | 29.02M |
| Weighted Avg Shares Out (Dil) | 389.10M | 322.82M | 310.17M | 277.37M | 276.63M | 266.53M | 239.75M | 201.09M | 12.94M | 29.02M | 29.02M | 29.02M |
Earnings Preview: Permian Resources (PR) Q4 Earnings Expected to Decline
Permian Resources (PR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Permian Resources (PR) Continues Portfolio Optimization
Permian Resources (PR) announces newly acquired acreages and divestiture of non-core assets.
Permian Resources Continues To Make Smaller Acquisitions (Rating Upgrade)
Permian is now projected to generate slightly under $1.3 billion in 2024 free cash flow at current strip. This is close to $400 million less than my October projections, due to weaker strip prices. Permian has been active in making...
Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report fourth quarter and full year 2023 financial and operating results after the market closes for trading on Tuesday, February 27, 2024. Management...
Permian Resources Announces Portfolio Optimization Transactions
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and additional grassroots acquisitions. “Since...
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common...
Permian Resources stock falls after public stock offering by shareholders
Shares of Permian Resources Corp. PR, +0.90% shed 1.4% in premarket trading Tuesday, after the Texas-based oil and gas company announced a public offering of 39.4 million shares by selling stockholders. The offering represents 5.1% of the total shares outstanding.
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common...
Permian Resources Announces Pricing of $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities...
The 3 Best Energy Stocks to Buy in December
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Source: https://incomestatements.info
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