Permian Resources Corporation (PR) 10-Year Financial Performance & Capital Metrics

PR • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PPermian Basin Shale Leaders

AboutPermian 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.Show more

Revenue $5B +60.2%
EBITDA $3.52B +67.4%
Net Income $985M +106.7%
EPS (Diluted) 1.45 +16.9%
Gross Margin 47.1% -10.9%
EBITDA Margin 70.41% +4.4%
Operating Margin 34.89% -0.7%
Net Margin 19.69% +29.0%
ROE 9.97% +55.8%
ROIC 9.55% +21.2%
Debt/Equity 0.41 -3.4%
Interest Coverage 5.72 -7.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 128.5%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 39.6%
✓Healthy dividend yield of 4.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Shares diluted 75.9% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y43.85%

5Y39.57%

3Y69.34%

TTM7.55%

Profit (Net Income) CAGR

10Y49.39%

5Y128.53%

3Y92.44%

TTM-20.63%

EPS CAGR

10Y9.04%

5Y89.08%

3Y46.62%

TTM-33.85%

ROCE

10Y Avg0.53%

5Y Avg6.09%

3Y Avg13.18%

Latest11.91%

Peer Comparison

Permian Basin Shale Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRPermian Resources Corporation	10.67B	14.32	9.88	60.23%	15.65%	7.21%	2.73%	0.41
FANGDiamondback Energy, Inc.	43.21B	150.82	9.71	32.19%	27.42%	9.19%		0.31
EOGEOG Resources, Inc.	58.61B	108.02	9.60	0.85%	24.49%	18.26%	9.85%	0.17
HPKHighPeak Energy, Inc.	592.77M	4.72	7.04	-3.77%	6.03%	3.27%	11.68%	0.66
MTDRMatador Resources Company	5.32B	42.79	5.99	23.47%	20.42%	13.34%	5.27%	0.39
SMSM Energy Company	2.1B	18.34	2.75	12.53%	22.19%	15.43%		0.67
BATLBattalion Oil Corporation	20.41M	1.24	-0.32	-12.17%	-6.61%	-17.9%		0.91
VTLEVital Energy, Inc.	693.32M	17.92	-3.78	26.15%	-69.28%	-74.84%		0.95

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	90.46M	98.83M	429.9M	891.04M	944.33M	580.46M	1.03B	2.13B	3.12B	5B
Revenue Growth %	-0.31%	0.09%	3.35%	1.07%	0.06%	-0.39%	0.77%	1.07%	0.46%	0.6%
Cost of Goods Sold+	116.99M	99.19M	237.22M	467.4M	663.05M	539.14M	481.44M	714.46M	1.47B	2.65B
COGS % of Revenue	1.29%	1%	0.55%	0.52%	0.7%	0.93%	0.47%	0.34%	0.47%	0.53%
Gross Profit+	-26.53M	-355K	192.68M	423.65M	281.28M	41.31M	548.46M	1.42B	1.65B	2.36B
Gross Margin %	-0.29%	-0%	0.45%	0.48%	0.3%	0.07%	0.53%	0.66%	0.53%	0.47%
Gross Profit Growth %	-1.66%	0.99%	543.76%	1.2%	-0.34%	-0.85%	12.28%	1.58%	0.16%	0.43%
Operating Expenses+	29.32M	213.41M	78.6M	140.46M	201.85M	821.43M	177.84M	409.27M	553.75M	610.75M
OpEx % of Revenue	0.32%	2.16%	0.18%	0.16%	0.21%	1.42%	0.17%	0.19%	0.18%	0.12%
Selling, General & Admin	14.21M	203.15M	49.88M	63.3M	79.16M	72.87M	110.45M	159.55M	161.85M	174.63M
SG&A % of Revenue	0.16%	2.06%	0.12%	0.07%	0.08%	0.13%	0.11%	0.07%	0.05%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	15.11M	10.27M	28.72M	77.15M	122.69M	748.56M	67.38M	249.72M	391.9M	436.12M
Operating Income+	-55.85M	-213.77M	114.08M	283.19M	79.43M	-780.12M	370.62M	1.01B	1.1B	1.74B
Operating Margin %	-0.62%	-2.16%	0.27%	0.32%	0.08%	-1.34%	0.36%	0.47%	0.35%	0.35%
Operating Income Growth %	-1.73%	-2.83%	1.53%	1.48%	-0.72%	-10.82%	1.48%	1.72%	0.09%	0.59%
EBITDA+	34.24M	-135.93M	275.7M	609.65M	523.67M	-421.57M	659.74M	1.45B	2.1B	3.52B
EBITDA Margin %	0.38%	-1.38%	0.64%	0.68%	0.55%	-0.73%	0.64%	0.68%	0.67%	0.7%
EBITDA Growth %	-0.29%	-4.97%	3.03%	1.21%	-0.14%	-1.81%	2.56%	1.2%	0.45%	0.67%
D&A (Non-Cash Add-back)	90.08M	77.84M	161.63M	326.46M	444.24M	358.55M	289.12M	444.68M	1.01B	1.78B
EBIT	-32.63M	-222.17M	119.21M	298.53M	78.2M	-701.13M	200.03M	965.78M	1.2B	1.84B
Net Interest Income+	-6.27M	-6M	-5.73M	-26.36M	-55.99M	-69.19M	-61.29M	-95.64M	-177.21M	-304.76M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.27M	6M	5.73M	26.36M	55.99M	69.19M	61.29M	95.64M	177.21M	304.76M
Other Income/Expense	16.95M	-14.35M	-591K	-11.01M	-57.22M	9.8M	-231.87M	-137.4M	-60.86M	-193.68M
Pretax Income+	-38.9M	-228.12M	113.48M	272.18M	22.21M	-770.32M	138.74M	870.13M	1.04B	1.55B
Pretax Margin %	-0.43%	-2.31%	0.26%	0.31%	0.02%	-1.33%	0.13%	0.41%	0.33%	0.31%
Income Tax+	-572K	-406K	29.93M	59.44M	5.8M	-85.12M	569K	120.29M	155.94M	300.34M
Effective Tax Rate %	0.99%	0.99%	0.67%	0.73%	0.71%	0.89%	1%	0.59%	0.46%	0.63%
Net Income+	-38.33M	-226.81M	75.57M	199.9M	15.8M	-682.84M	138.18M	515.04M	476.31M	984.7M
Net Margin %	-0.42%	-2.29%	0.18%	0.22%	0.02%	-1.18%	0.13%	0.24%	0.15%	0.2%
Net Income Growth %	-3.15%	-4.92%	1.33%	1.65%	-0.92%	-44.22%	1.2%	2.73%	-0.08%	1.07%
Net Income (Continuing)	-38.33M	-227.71M	83.56M	212.74M	16.41M	-685.2M	138.18M	749.84M	879.7M	1.25B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	197.79M	169.75M	143.69M	12.58M	0	0	2.72B	2.89B	1.38B
EPS (Diluted)+	-2.96	-3.55	0.32	0.75	0.06	-2.46	0.46	1.61	1.24	1.45
EPS Growth %	-5.85%	-0.2%	1.09%	1.34%	-0.92%	-42%	1.19%	2.5%	-0.23%	0.17%
EPS (Basic)	-2.96	-3.55	0.32	0.76	0.06	-2.46	0.49	1.80	1.36	1.54
Diluted Shares Outstanding	12.94M	201.09M	239.75M	266.53M	263.3M	277.58M	300.38M	322.82M	389.1M	684.49M
Basic Shares Outstanding	12.94M	201.09M	235.45M	263.02M	263.3M	277.58M	281.99M	286.16M	349.21M	640.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.03%	0.3%	0.47%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	105.5K	151.33M	202.59M	130.19M	120.13M	65.59M	86.53M	463.79M	650.39M	1.12B
Cash & Short-Term Investments	105.5K	134.08M	117.31M	18.16M	10.22M	5.8M	9.38M	59.55M	73.29M	479.34M
Cash Only	105.5K	134.08M	117.31M	18.16M	10.22M	5.8M	9.38M	59.55M	73.29M	479.34M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.21M	14.54M	78.79M	100.62M	101.91M	54.56M	71.3M	282.85M	481.06M	530.45M
Days Sales Outstanding	29.1	53.69	66.89	41.22	39.39	34.31	25.27	48.44	56.26	38.72
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	24.84M	627K	433K	1.63M	0	0	0	121.4M	96.04M	111.8M
Total Non-Current Assets+	370.69K	2.5B	3.41B	4.13B	4.57B	3.76B	3.72B	8.03B	14.32B	15.78B
Property, Plant & Equipment	578.79M	2.5B	3.39B	4.09B	4.53B	3.74B	3.7B	7.95B	14.14B	15.59B
Fixed Asset Turnover	0.16x	0.04x	0.13x	0.22x	0.21x	0.16x	0.28x	0.27x	0.22x	0.32x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	370.69K	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.36M	2.88M	27.74M	42.55M	40.37M	19.17M	15.85M	74.61M	176.07M	183.13M
Total Assets+	476.19K	2.65B	3.62B	4.26B	4.69B	3.83B	3.8B	8.49B	14.97B	16.9B
Asset Turnover	189.97x	0.04x	0.12x	0.21x	0.20x	0.15x	0.27x	0.25x	0.21x	0.30x
Asset Growth %	-1%	5567.44%	0.36%	0.18%	0.1%	-0.18%	-0.01%	1.23%	0.76%	0.13%
Total Current Liabilities+	453.19K	91.46M	199.77M	247.72M	254.47M	131.87M	167.9M	605.57M	1.24B	1.33B
Accounts Payable	1.83M	11.21M	64M	55.98M	21.48M	5.05M	9.74M	51.44M	94.53M	45.97M
Days Payables Outstanding	5.7	41.25	98.48	43.72	11.83	3.42	7.38	26.28	23.46	6.34
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.15M	9.58M	8.59M	16.9M	13.9M	29.79M	53.45M	47.55M	70.86M	100.25M
Current Ratio	0.23x	1.65x	1.01x	0.53x	0.47x	0.50x	0.52x	0.77x	0.52x	0.84x
Quick Ratio	0.23x	1.65x	1.01x	0.53x	0.47x	0.50x	0.52x	0.77x	0.52x	0.84x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	143.3M	7.25M	412.82M	768.44M	1.16B	1.09B	885.98M	2.23B	4.49B	5.05B
Long-Term Debt	138.65M	0	390.76M	691.63M	1.06B	1.07B	825.57M	2.14B	3.85B	4.18B
Capital Lease Obligations	0	0	0	0	3.35M	422K	16M	41.34M	28.3M	64.29M
Deferred Tax Liabilities	0	0	9.9M	62.17M	85.5M	2.59M	2.59M	4.43M	422.63M	602.38M
Other Non-Current Liabilities	2.29M	7.25M	12.16M	14.64M	16.87M	19.96M	41.82M	44.16M	194.57M	201.14M
Total Liabilities	453.19K	98.71M	612.6M	1.02B	1.42B	1.22B	1.05B	2.84B	5.74B	6.38B
Total Debt+	138.65M	0	390.76M	691.63M	1.07B	1.07B	842.98M	2.21B	3.91B	4.31B
Net Debt	136.88M	-134.08M	273.45M	673.47M	1.06B	1.07B	833.6M	2.15B	3.84B	3.83B
Debt / Equity	6028.22x	-	0.13x	0.21x	0.33x	0.41x	0.31x	0.39x	0.42x	0.41x
Debt / EBITDA	4.05x	-	1.42x	1.13x	2.04x	-	1.28x	1.52x	1.86x	1.22x
Net Debt / EBITDA	4.00x	-	0.99x	1.10x	2.02x	-	1.26x	1.48x	1.82x	1.09x
Interest Coverage	-8.91x	-35.60x	19.91x	10.74x	1.42x	-11.27x	6.05x	10.53x	6.19x	5.72x
Total Equity+	23K	2.55B	3B	3.24B	3.27B	2.6B	2.75B	5.66B	9.23B	10.52B
Equity Growth %	-1%	110996.17%	0.18%	0.08%	0.01%	-0.2%	0.06%	1.06%	0.63%	0.14%
Book Value per Share	0.00	12.70	12.53	12.17	12.42	9.38	9.16	17.52	23.72	15.37
Total Shareholders' Equity	23K	2.36B	2.83B	3.1B	3.26B	2.6B	2.75B	2.94B	6.34B	9.14B
Common Stock	1.29K	22K	28K	28K	28K	29K	29K	57K	77K	81K
Retained Earnings	-2K	-8.93M	66.64M	266.54M	282.34M	-400.5M	-262.33M	237.23M	569.14M	1.08B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	197.79M	169.75M	143.69M	12.58M	0	0	2.72B	2.89B	1.38B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	68.88M	61.15M	259.92M	670.01M	564.17M	171.38M	525.62M	1.37B	2.21B	3.41B
Operating CF Margin %	0.76%	0.62%	0.6%	0.75%	0.6%	0.3%	0.51%	0.64%	0.71%	0.68%
Operating CF Growth %	-0.29%	-0.11%	3.25%	1.58%	-0.16%	-0.7%	2.07%	1.61%	0.61%	0.54%
Net Income	-38.33M	-227.71M	83.56M	212.74M	16.41M	-685.2M	138.18M	749.84M	879.7M	1.25B
Depreciation & Amortization	90.08M	77.84M	161.63M	326.46M	444.24M	358.55M	289.12M	444.68M	1.01B	1.78B
Stock-Based Compensation	0	166.73M	13.76M	20.67M	29M	24.57M	58.11M	92.31M	78.42M	60.4M
Deferred Taxes	-572K	-406K	29.93M	59.44M	5.8M	-85.12M	569K	119.68M	152.38M	299.02M
Other Non-Cash Items	21.98M	43.07M	-8.09M	18.21M	46.87M	577.77M	42.19M	-57.19M	3.19M	6.9M
Working Capital Changes	-4.29M	1.63M	-20.87M	32.49M	21.85M	-19.19M	-2.55M	22.35M	92.23M	18.47M
Change in Receivables	5.24M	-14K	-43.55M	-33M	-10.1M	44.57M	-21.48M	-66.82M	36.34M	-51.4M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-8.67M	2.9M	26.77M	66.66M	33.83M	-59.96M	16.02M	90.93M	83.16M	78.35M
Cash from Investing+	-198.63M	-1.85B	-992.31M	-1.07B	-932.99M	-326.32M	-226.48M	-1.21B	-1.58B	-3.1B
Capital Expenditures	-45.32M	-906.27M	-440.47M	-218.57M	-112.57M	-9.55M	-7.41M	-12.42M	-268.77M	-1.06B
CapEx % of Revenue	0.5%	9.17%	1.02%	0.25%	0.12%	0.02%	0.01%	0.01%	0.09%	0.21%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-153.31M	430.85M	-551.84M	-850.09M	-820.42M	-316.78M	-219.06M	-695.96M	-1.41B	-2.04B
Cash from Financing+	118.5M	1.92B	724.22M	294.16M	362.94M	147.74M	-297.55M	-106.63M	-631.19M	97.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-14.43M	-141.95M	-466.92M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	109.5M	-47.86M	-16.53M	-5.84M	-8.24M	-6.65M	-20.98M	-33.19M	-109.32M	-120.19M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-132.44M	-914.83M	-746.98M	-546.8M	-403.55M	-156.64M	198.57M	587.67M	419.83M	291.33M
FCF Margin %	-1.46%	-9.26%	-1.74%	-0.61%	-0.43%	-0.27%	0.19%	0.28%	0.13%	0.06%
FCF Growth %	0.34%	-5.91%	0.18%	0.27%	0.26%	0.61%	2.27%	1.96%	-0.29%	-0.31%
FCF per Share	-10.24	-4.55	-3.12	-2.05	-1.53	-0.56	0.66	1.82	1.08	0.43
FCF Conversion (FCF/Net Income)	-1.80x	-0.27x	3.44x	3.35x	35.71x	-0.25x	3.80x	2.66x	4.65x	3.46x
Interest Paid	5.78M	5.33M	4.28M	18.28M	48.91M	69.67M	57.94M	60.7M	140.07M	267.08M
Taxes Paid	0	0	0	0	0	0	0	613K	3.6M	6.82M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-20.28%	-17.77%	2.72%	6.4%	0.48%	-23.25%	5.16%	12.25%	6.4%	9.97%
Return on Invested Capital (ROIC)	-13.22%	-12.54%	3%	5.9%	1.44%	-14.63%	7.66%	13.27%	7.88%	9.55%
Gross Margin	-29.33%	-0.36%	44.82%	47.54%	29.79%	7.12%	53.25%	66.48%	52.88%	47.1%
Net Margin	-42.37%	-229.48%	17.58%	22.43%	1.67%	-117.64%	13.42%	24.17%	15.26%	19.69%
Debt / Equity	6028.22x	-	0.13x	0.21x	0.33x	0.41x	0.31x	0.39x	0.42x	0.41x
Interest Coverage	-8.91x	-35.60x	19.91x	10.74x	1.42x	-11.27x	6.05x	10.53x	6.19x	5.72x
FCF Conversion	-1.80x	-0.27x	3.44x	3.35x	35.71x	-0.25x	3.80x	2.66x	4.65x	3.46x
Revenue Growth	-31.38%	9.26%	334.98%	107.27%	5.98%	-38.53%	77.43%	106.94%	46.43%	60.23%

Revenue by Segment

	2022	2023	2024
Crude Oil	1.62B	2.7B	4.36B
Crude Oil Growth	-	66.26%	61.78%
Natural Gas	276.96M	142.08M	104.1M
Natural Gas Growth	-	-48.70%	-26.73%
Natural Gas Liquids	232.27M	282.04M	-
Natural Gas Liquids Growth	-	21.43%	-

Frequently Asked Questions

Valuation & Price

Permian Resources Corporation (PR) has a price-to-earnings (P/E) ratio of 9.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Permian Resources Corporation (PR) reported $5.19B in revenue for fiscal year 2024. This represents a 8516% increase from $60.3M in 2012.

Permian Resources Corporation (PR) grew revenue by 60.2% over the past year. This is strong growth.

Yes, Permian Resources Corporation (PR) is profitable, generating $812.3M in net income for fiscal year 2024 (19.7% net margin).

Dividend & Returns

Yes, Permian Resources Corporation (PR) pays a dividend with a yield of 4.76%. This makes it attractive for income-focused investors.

Permian Resources Corporation (PR) has a return on equity (ROE) of 10.0%. This is below average, suggesting room for improvement.

Permian Resources Corporation (PR) generated $3.03B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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