Permian Resources Corp (N:PR)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 N. Marienfeld St., Ste. 1000 MIDLAND TX 79701 |
| Tel: | N/A |
| Website: | https://permianres.com |
| IR: | See website |
| Key People | ||
| Guy M. Oliphint Chief Executive Officer, Executive Vice President | William M. Hickey Co-Chief Executive Officer, Director | James H. Walter Co-Chief Executive Officer, Director |
| Matthew R. Garrison Chief Operating Officer, Executive Vice President | John C. Bell Executive Vice President, General Counsel | Davis O. O Connor Executive Vice President, General Counsel | Brent P. Jensen Senior Vice President, Chief Accounting Officer |
| Business Overview |
| Permian Resources Corporation is an independent oil and natural gas company. The Company is focused on the acquisition, optimization and development of oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin. Its operations are concentrated in the core of the Delaware Basin and include over 407,000 net leasehold acres across the Permian Basin, including Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas. The Company holds an 83% average working interest in 2,577 gross (2,143 net) operated productive wells and an approximate 11% average working interest in 1,094 gross (120 net) non-operated productive wells. Its wells are primarily oil wells (3,150 gross) that produce associated liquids-rich natural gas. |
| Financial Overview |
| For the three months ended 31 March 2024, Permian Resources Corp revenues increased from $616.3M to $1.24B. Net income increased 44% to $146.6M. Revenues reflect Crude Oil - Production - Total increase of 96% to 13.8M barrels, Oil Equivalent Production (Units/day) increase from 154K to 320K barrels per day. Net income was partially offset by Production Costs per Unit - Average increase of 10% to $7.14 per barrel. |
| Employees: | 461 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $17,049M as of Mar 31, 2024 |
| Annual revenue (TTM): | $3,748M as of Mar 31, 2024 |
| EBITDA (TTM): | $2,688M as of Mar 31, 2024 |
| Net annual income (TTM): | $520.76M as of Mar 31, 2024 |
| Free cash flow (TTM): | $443.65M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,912M as of Mar 31, 2024 |
| Shares outstanding: | 769,949,894 as of Apr 30, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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