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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 |
Permian Resources Announces $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, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, intends to offer for sale in a private placement under Rule 144A and...
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Permian Resources delivered a solid Q3 where it experienced strong production growth. The company closed on its Earthstone acquisition which will begin adding production growth and free cash flow in the current quarter. The company continues to have one of...
Permian Resources Corporation (PR) Q3 2023 Earnings Call Transcript
Permian Resources Corporation (PR) Q3 2023 Earnings Call Transcript
Compared to Estimates, Permian Resources (PR) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Permian Resources (PR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Permian Resources (PR) Lags Q3 Earnings Estimates
Permian Resources (PR) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.41 per share a year ago.
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Permian Resources Completes Acquisition of Earthstone Energy
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. (“Earthstone”) (NYSE: ESTE). The transaction was previously approved by Permian Resources and Earthstone shareholders at special...
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